India is projected to be the fastest rising market for the conjugate vaccines in the near future. Meanwhile, the conjugate vaccine is a category of vaccine that encompasses bacterial capsular polysaccharide, connected to a protein to develop immunogenicity and safeguard against invasive diseases. India is one of the most prominent markets of conjugate vaccines. Moreover, India is predicted to be the fastest rising market because of the government’s focus on research and development in the life sciences domain. By making Pneumococcal Conjugate Vaccine (PCV) obtainable under the Universal immunization program (UIP), the government of India is guaranteeing reasonable access to those who need them the most-the disadvantaged and underserved. Hib is one of the principal cause of bacterial meningitis in India and a foremost cause of childhood pneumonia. The creation of LPV in India is a noteworthy milestone and a step forward towards quickening child survival in the region, and progress towards accomplishing national health goals and the Millennium Development Goal 4. In addition, the key players of this market in India are playing an important role by spreading awareness which proved to be beneficial for acquiring the huge market share and leading the fastest growth in the near future.
According to the report analysis, ‘India Conjugate Vaccine Market (2018-2023)’ states that some of the major key players which are recently functioning in this market more dominantly for attaining the highest market share by doing more innovation and developments include GlaxoSmithKline, Pfizer Inc., Merck & Co., Novartis, Sanofi Pasteur, CSL Limited, Bharat Biotech, Biological E. Limited, Serum Institute of India and several others. In India, the market of conjugate vaccine is segmented on the disease indication which includes Haemophilus influenza type B, pneumococcal, diphtheria-tetanus-pertussis, meningococcal and several others. Whereas, based on the end user, the market is split into adult and pediatric. Furthermore, many of the focused key players are investing in the research and development programs which benefitted for leading the fastest growth in India in the forecasted period.
India is projected to be the fastest growing market for the conjugate vaccines in the near future. Speedily growing population, growth in consumer awareness, rising disposable income and increased expenditure on healthcare, modernization of healthcare infrastructure and a rising medical tourism market will operate the Indian market growth. Moreover, the conjugate vaccine market in India is predicted to have significant extensive growth. Overdue overview of conjugate vaccines is likely to hold back the conjugate vaccine market. Though the commonness of chronic diseases is high, limited convenience and availability of conjugate vaccines in inaccessible areas can become a cause for concern. Complicated manufacturing can also be a major restraint for this market. Whereas, many of the key players are performing gently for removing the restraints by adopting the effective strategies and policies. Therefore, in the coming years, it is expected that the market of conjugate vaccine in India will increase more actively over the recent few years with the effective investment by the new entrants.
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Ankur Gupta, Head Marketing & Communications