Human Combination Vaccines MarketSize and Trends

Global Human Combination Vaccines market: Dynamics

The major drivers of the human combination vaccines market include increase in prevalence of infectious diseases and rise in paediatric population. Since infants do not have a fully developed immune system at early stages of life they are more vulnerable to many infectious diseases. For instance, the Centres for Disease Control and Prevention (CDC) reported that approximately 3.1% children population in the age group 5-11 years was in fair or poor health in the U.S in 2018. This further leads to an increase in the demand for combination vaccines thus, driving the market. Also, an increase in antiviral drug resistance has shifted the market trend towards combination vaccines as these vaccines eliminate the problem of drug resistance. For instance, according to a review article published in Nature, a scientific journal in 2021, use of vaccines reduce the spread of antimicrobial drug resistance as they are used specifically for a given infectious antigen.

Moreover, rising interest of manufacturers in developing novel vaccines to target a wide range of diseases boost the growth potential of human combination vaccine market. For instance, in September 2020, Sanofi Pasteur, launched Tetraxim (DTaP-IPV) as the first full-dose DTaP booster vaccine for children that provides protection against four infectious diseases- Diptheria, Tetanus, Whooping cough, and Polio.

Also, various government initiatives and collaborations to create awareness about vaccination and provide free or easy access to vaccines drive the market growth of human combination vaccines. For instance, in December 2017, the Government of Bangladesh collaborated with WHO (World Health Organisation), Gavi the Vaccine Alliance and UNICEF (United Nations Children’s Emergency Fund) to launch a diphtheria vaccination campaign for children in the age group 6 weeks to 6 years. The Serum Institute of India made a donation of 300,000 pentavalent vaccine doses to the Government of Bangladesh for this vaccination campaign in 2017. In addition, many countries have rolled out immunization policies wherein they follow a fixed immunization schedule to immunize every new born against common infectious diseases such as hepatitis, diphtheria, polio, and tetanus which increase the demand for vaccines. For instance, in the U.S, the Advisory Committee on Immunization Practices (ACIP) recommends vaccination schedule for children and adults based on previous epidemiological studies. According to National Conference of State Legislatures, the childhood vaccination rate for the year 2019 in the U.S. was approximately 95%.