Regional Analysis
Global Coronavirus Vaccine Market - Regional Analysis
- Among region, North America is expected to hold dominant position in the global coronavirus vaccine market over the forecast period due to increasing number of product launches and approvals associated with coronavirus vaccine by regulatory bodies. For instance, on December 18, 2021, Moderna, Inc., a biotechnology company, received emergency use authorization (EUA) from the U.S. Food and Drug Administration (FDA) for mRNA-1273, a COVID-19 vaccine that is indicated for preventing COVID-19 in individuals of age of 18 years and above. Moreover, market players are focusing on agreements and collaborations to meet the increasing demand for COVID-19 vaccines in the region, and this is expected to boost the coronavirus vaccine market growth in North America region. For instance, on February 02, 2021, Ocugen, Inc., a U.S.-based biopharmaceutical company, entered into a definitive agreement with Bharat Biotech, a Inida based global pharmaceutical company, to co-develop, supply, and commercialize COVAXIN, a COVID-19 vaccine developed by Bharat Biotech, in the U.S. market.
- Market players are focusing on obtaining approval for COVID-19 vaccine from regulatory authorities, and this is expected to drive the market growth in Europe region over the forecast period. For instance, on March 18, 2020, Pfizer Inc. and BioNTech SE, A collaboration of two U.S. based multinational pharmaceutical company, announced receiving of conditional marketing authorization (CMA) from the European Commission (EC) for COMIRNATY, a COVID-19 vaccine. On January 6, 2021, Moderna, Inc., a global pharmaceutical company, received conditional marketing authorization (CMA) from the European Commission for the COVID-19 vaccine namedModerna.
Geographies covered:
- North America: U.S. and Canada
- Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
- Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
- Middle East: GCC, Israel, and Rest of Middle East
- Africa: South Africa, North Africa, and Central Africa
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