Oral Vaccines Market to Witness High Growth, Dynamics, Production, Demand Analysis and Forecast 2024-2031
Oral vaccines are given via mouth and help prevent diseases like polio, rotavirus and cholera. They offer needless, cost effective protection and are easy to administer for mass immunization programs.
Market Dynamics:
The oral vaccines market is projected to gain significant growth due to rising investment in R&D of novel oral vaccines and growing demand for thermostable oral polio vaccine (OPV). In addition, rising prevalence of infectious disease globally is also expected to drive market growth during the forecast period. WHO reported that annual global infectious disease cases rose from 500 million in 2000 to over 800 million in 2022. This rising infectious disease burden has increased focus on development of effective vaccines via oral route of administration.
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Key players operating in the global oral vaccines market include GlaxoSmithKline, Sanofi, Merck, Serum Institute of India pvt ltd, Swiss serum and vaccine institute Brene, Janssen pharmaceuticals, Paxvax corporation ltd, Valneva Canada, Shanghai Bravo bio Co ltd, Abbott Biologicals, MSD, Novavax, and Takeda.
Global Oral Vaccine Market – Market Taxonomy
On the basis of vaccine type, the global oral vaccine market is segmented into:
Live Attenuated
Inactive
Recombinant
Others
On the basis of application, the global oral vaccines market is segmented into:
Polio
Tuberculosis
Rabies
Influenza
Cholera
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Others
On the basis of end user, the global oral vaccines market is segmented into:
Hospitals
Clinics
Government Organizations
Others
Major Drivers fueling the Global Oral Vaccines Market
The growing demand for needle-free vaccination is fueling the oral vaccines market. Needle-free administration reduces pain and fear among many patients and has better acceptance. It also allows for self or mass administration reducing the burden on health care workers. Advancements in vaccine delivery technology enables development of thermostable oral vaccines having long shelf life at room temperature. This alleviates cold chain requirements and boosts access in remote areas across developing nations.
Major Restrain hindering the Global Oral Vaccines Market
While oral route allows self administration, it also comes with the downside of variable immune responses between individuals. Factors like stomach acidity levels, presence of food and immune status determine how much antigen gets absorbed into the bloodstream activating an immune response. There is a possibility of under dosage in some individuals which may not provide full protection. This risk, though small, still raises compliance issues for mass immunization programs relying solely on oral vaccines. More reliable delivery methods need to established before oral vaccines can completely replace injectables.
Major Opportunity for the Global Oral Vaccines Market
Oral vaccines present a huge opportunity to reach millions who are yet to be vaccinated or complete their vaccination schedules, especially in developing nations. These include children in remote rural areas, tribal or conflict regions, urban slums and migrants/refugees. Their poor access to healthcare increases susceptibility to deadly but preventable diseases. Oral vaccines can play a pivotal role in bridging the immunization gap since they are thermostable, self administrable and allow mass drive programs. This offers a chance for public-private partnerships to develop affordable oral vaccines against common killers like pneumonia, diarrhea etc and achieve universal health coverage goals.
Major Market Trend in the Global Oral Vaccines Market
There is growing emphasis on developing more versatile oral vaccines that provide broad protection against multiple subtypes/strains of infectious agents. This comes in the wake of coronavirus pandemic which shattered economies worldwide. Governments and pharmaceutical companies are investing more in research of oral vaccines for seasonal and pandemic influenza viruses. An effective universal flu vaccine administered annually as oral drops could reduce risk of another influenza outbreak. Other pathogens under research include enteric infections like rotavirus. Advancements will bolster preparedness against future health emergencies and establish oral vaccines as indispensable part of universal immunization programs.
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1 年Oral vaccines are revolutionizing disease prevention!