Nasal Vaccines Market Expected To Reach US$ 416.8 Million By 2023

https://www.coherentmarketinsights.com/market-insight/nasal-vaccines-market-5818
Nasal Vaccines Market

Market Overview:

Nasal vaccines are a type of immunization administered through the nasal route. They offer numerous advantages such as ease of administration, painless delivery, and stimulation of both systemic and mucosal immune responses. The need for nasal vaccines is associated with the increasing prevalence of infectious diseases and the growing demand for needle-free immunization methods. Nasal vaccines have been proven effective against various diseases such as influenza, measles, and polio. The market for nasal vaccines is expected to witness significant growth due to their ability to provide long-lasting immunity and reduce the risk of disease transmission.

Market Key Trends:

One key trend in the Nasal vaccine market is the rising adoption of intranasal delivery systems. Nasal vaccines provide several benefits compared to traditional injectable vaccines, such as improved patient compliance, reduced pain and fear associated with injections, and the potential to elicit a stronger immune response. Intranasal delivery systems also enable the delivery of vaccines directly to the mucosal surfaces of the respiratory tract, where many infectious pathogens enter the body.

The global Nasal Vaccines Market Demand is estimated to be valued at US$416.8 million in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023-2030, according to a new report published by Coherent Market Insights.


Segment Analysis:

The nasal vaccines market can be segmented based on type, application, and end-user. Based on type, the market can be divided into inactivated vaccines, live attenuated vaccines, and subunit vaccines. Among these, live attenuated vaccines dominate the market due to their ability to mimic natural infection and provide long-lasting immunity. These vaccines contain weakened or modified forms of the pathogen and have been proven effective against various diseases such as influenza and measles. Due to their higher efficacy, live attenuated vaccines are preferred over other types.

Key Takeaways:

The global nasal vaccines market is expected to witness high growth, exhibiting a CAGR of 8.6% over the forecast period. This growth can be attributed to several factors, including the increasing prevalence of infectious diseases, rising awareness about vaccination, and advancements in vaccine technology. The market is expected to reach US$ 416.8 million in 2023.

In terms of regional analysis, North America is the fastest-growing and dominating region in the nasal vaccines market. This can be attributed to the presence of key market players, well-established healthcare infrastructure, and high healthcare expenditure in the region. Additionally, the increasing incidence of respiratory diseases and the growing demand for preventive healthcare are driving the market growth in North America.

Key players operating in the nasal vaccines market include AstraZeneca, GlaxoSmithKline plc, Pfizer Inc., Serum Institute of India Pvt. Ltd., Sanofi Pasteur SA, Johnson & Johnson Services, Inc., Sinovac Biotech Ltd., Bharat Biotech International Limited, Altimmune, Inc., BiondVax Pharmaceuticals Ltd., FluGen Inc., Vaxart, Inc., Intravacc, Ennaid Therapeutics, LLC, and Gamma Vaccines Pty Ltd. These key players are focusing on strategic partnerships, mergers and acquisitions, and product launches to strengthen their market presence and expand their product portfolio.

Read More: https://www.newsstatix.com/nasal-vaccines-market-growing-demand-for-non-invasive-vaccination-drives-market-growth/

Comments

Post a Comment

Popular posts from this blog

Agricultural Micronutrients Market Growth Accelerated By Increasing Need For Improved Soil Fertility

Image
Agricultural Micronutrients Market Agricultural micronutrients are essential plant nutrients required in small quantities for healthy plant growth and development. Micronutrients such as iron, zinc, manganese, molybdenum, and boron play vital roles in various metabolic functions of crops such as photosynthesis, nitrogen fixation, and enzyme activity. The increasing need to boost crop yields and improve soil fertility has raised the demand for micronutrient fertilizers globally. The growing population and reducing arable land have fueled the need for sustainable agricultural practices, propelling the micronutrients market. The global Agricultural Micronutrients Market is estimated to be valued at US$ 5.19 Bn in 2024 and is expected to exhibit a CAGR of 27.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of precision farming and digital technologies in the agriculture sector is...
Read more

Dairy Alternative Market Expected To Reach USD 26.01 Billion By 2023

Image
Dairy Alternative Market Market Overview: Dairy alternative products are gaining significant popularity due to their numerous advantages. These products are plant-based, making them suitable for individuals with lactose intolerance or those following a vegan diet. They offer similar nutritional benefits as traditional dairy products such as milk, cheese, and yogurt, while also addressing concerns related to animal welfare and environmental sustainability. The growing demand for dairy alternative products among health-conscious consumers is driving market growth. Market Key Trends: One key trend observed in the dairy alternative market is the increasing preference for plant-based milk substitutes. Plant-based milk alternatives such as almond milk, soy milk, and oat milk, among others, are gaining traction among consumers as a healthier and more sustainable option compared to traditional dairy milk. These plant-based milk alternatives offer various benefits such as being lactose-free, c...
Read more

Antimicrobial Additives Market Growth Accelerated By Rising Demand From End-Use Industries

Image
Antimicrobial Additives Market Antimicrobial additives are extensively used in a wide range of end-use industries such as healthcare, packaging, food and beverage, construction, and automotive. These additives help protect various materials from microorganisms such as bacteria, viruses, etc. Some key applications of antimicrobial additives include packaging of food, medical devices, fabrics, flooring, coatings, etc. The ongoing COVID-19 pandemic has further increased the importance of hygiene and sanitation, driving demand for antimicrobial materials from various sectors. The global Antimicrobial Additives Market is estimated to be valued at US$ 3.47 Bn in 2024 and is expected to exhibit a CAGR of 25.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key drivers of the market's growth is the rising demand for antimicrobial additives from the packaging industry. Packaging manufacturers ...
Read more