DUBLIN--(BUSINESS WIRE)--The "Human Papillomavirus Vaccine Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The major factors for the growth of the human papillomavirus (HPV) vaccine market include the approval of new HPV vaccines, and increasing initiatives by government & private organizations for early screening & vaccination. The increasing incidence of HPV associated cancers such as anal, oropharynx, and genital parts and growing demand for HPV vaccines to help reduce the infections are factors likely to bolster healthy growth of the market in the forthcoming years.
The rising government initiatives are expected to propel the overall growth of the market over the forecast period. Also, some of the organizations are focusing on creating a proper supply of products. As per the data published by UNICEF in 2018, the UNICEF human papillomavirus (HPV) vaccine procured over 12.9 million doses in the period 2013-2017. Furthermore, UNICEF procured 84% doses for countries supported by Gavi, the Vaccine Alliance (Gavi), and 16% doses for self-financing middle-income countries (MICs).
However, the HPV vaccine supply through UNICEF is currently not sufficient to meet the increased needs, which it projects could reach 50 million doses in 2019. Such types of initiatives are expected to boost the growth of the market.
- Merck & Co., Inc.,
- GlaxoSmithKline Plc
- Sanofi S.A.
- Johnson & Johnson
- AstraZeneca Plc
- Serum Institute of India Pvt. Ltd.
Key Market Trends
Cervical Cancer is the Segment is Expected to Hold the Largest Market Share Over the Forecast Period
Nearly all instances of cervical cancer are caused by human papillomavirus (HPV). Also, there are highly sensitive and specific molecular tests now available to identify from DNA, the high-risk HPV types, in cervical cancer screening.
Furthermore, according to the United States National Institute of Health, cervical cancer, was once one of the most common cancers among the US female population, now ranks 14th in frequency. However, rates are still high in developing countries where more than 80% of cervical cancer cases occur.
According to the WHO, cervical cancer is the third most common cancer among women and the second most frequent cause of cancer-related death, worldwide, accounting for nearly 300,000 deaths annually. Thus, owing to the rising cases of cervical cancer the market is expected to witness high growth over the forecast period.
North America is Expected to Hold Largest Market Share over the Forecast Period
The United States is expected to be the largest HPV vaccine market owing to the presence of better healthcare infrastructure. As per the data published by the American Sexual Health Association, each year around 14 million new cases of sexually transmitted HPV occur in the United States with at least 79 million people estimated to be currently infected.
The rising cases are expected to boost the growth of the market in the United States. Gardasil was the first vaccine approved by the FDA in 2006 to prevent certain cancers and diseases caused by HPV in the United States. Higher sales and value of Gardasil along with rapid adoption of human papillomavirus vaccines across the region will boost development in the region.
Key Topics Covered:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Approval of New HPV Vaccines
4.2.2 Increasing initiatives by Government & Private Organizations for Early Screening & Vaccination
4.3 Market Restraints
4.3.1 Stringent Regulation
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.2 By Indication
5.2.1 Cervical Cancer
5.2.2 Anal Cancer
5.2.3 Penile Cancer
5.2.4 Oropharyngeal Cancer
5.2.5 Genital Warts
5.3.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
5.3.3 Asia Pacific
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
5.3.4 Middle East and Africa
126.96.36.199 South Africa
188.8.131.52 Rest of Middle East and Africa
5.3.5 South America
184.108.40.206 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/itcz5.