MEASLES, MUMPS AND RUBELLA (MMR) VACCINES MARKET ANALYSIS

Market Challenges And Opportunities

Side effects related to vaccinations could be a major factor restraining growth of the measles, mumps, and rubella vaccine market. For instance, in 1998, Japan stopped using trivalent combinational measles, mumps and rubella vaccine due to outbreak of non-viral meningitis and other damaging side effects which will restrict the MMR vaccine market.  Moreover, high cost of single dosage of vaccine is another restraining actor for the market growth. Factors such as limited number of vaccines, stringent manufacturing and approval criteria as well as gap between demand and supply during disease outbreak, and special storage and handling leading to high cost of measles, mumps and rubella vaccines are major factors negatively affecting growth of the market.

Measles, Mumps, and Rubella Vaccine Market Drivers

Vaccine manufacturers are focusing on partnering with organizations such WHO, UNICEF, and GAVI Alliance to improve their vaccination programs, in order to reach the maximum population to offer vaccines. In spite of several governmental initiatives, measles is a leading cause of death among young children. Therefore, increasing success rate of vaccination programmes depends on government initiatives of each country. Some organizations are focusing on initiative, in order to reduce the prevalence of these diseases. For instance, GAVI Alliances has undertaken an initiative to provide vaccination in high-risk countries such as Afghanistan, Chad, Ethiopia, the Democratic Republic of the Congo, Nigeria and Pakistan. Similarly, in 2017, the Government of India launches Pan-India Measles-Rubella vaccination campaign, under which children ages from 9 months to 15 years are vaccinated to reduce the incidence of these disease in children. Such initiatives by various organizations and governments is expected to aid in growth of the market. Furthermore, development of combinational vaccines could aid in reducing cost and adverse effects by reducing the number of vaccination programme.

Restraints

Side effects related to vaccinations could be a major factor restraining growth of the measles, mumps, and rubella vaccine market. For instance, in 1998, Japan stopped using trivalent combinational measles, mumps and rubella vaccine due to outbreak of non-viral meningitis and other damaging side effects which will restrict the MMR vaccine market.  Moreover, high cost of single dosage of vaccine is another restraining actor for the market growth. Factors such as limited number of vaccines, stringent manufacturing and approval criteria as well as gap between demand and supply during disease outbreak, and special storage and handling leading to high cost of measles, mumps and rubella vaccines are major factors negatively affecting growth of the market.