HEPATITIS VACCINE MARKET ANALYSIS

Hepatitis Vaccine MarketSize and Trends

Hepatitis is one of the most prevalent infectious disease across the globe, it attracted attention from health bodies such as World Health Organization (WHO) due to its severity. Increasing incidence of hepatitis worldwide is estimated to drive growth of the hepatitis vaccine market.  According to World Hepatitis Report published in 2017 by WHO, an estimated 325 million people worldwide are living with chronic hepatitis B virus infection (HBV) or hepatitis C virus (HCV) infection. Moreover, an estimated 1.34 million deaths in 2015, were caused due to viral hepatitis. Around 1.75 million people were infected with hepatitis B virus infection (HCV) in 2015. Increasing global population (live births) is another factor driving growth of the hepatitis vaccine market. As per statistics given by the World Population Report published in 2017, world population would surpass mark of 9 billion by 2025 thereby adding more live birth each year. According to guideline published by WHO, vaccine for hepatitis B has to administer within first 24 hour of the birth in order to prevent the hepatitis B infection to infant. Furthermore, increased awareness amongst masses about benefits of hepatitis vaccination would further aid in market growth for the hepatitis vaccine market. Various companies are introducing the vaccine product to prevent hepatitis A and hepatitis B which would lead to higher competition and expansion of the global hepatitis vaccine market. For instance, in September 2017, Dynavax Technologies Corporation received the U.S. Food and Drug Administration (FDA) has approval for its hepatitis B vaccine HEPLISAV-B to be used in adults 18 years and older.