San Francisco, California, July 27, 2018: A recently added market study by TMR Research, titled, “Zika Virus Vaccines Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025,” finds that the mosquito borne disease that first created a health scare in 2015 in northeastern Brazil spawned the zika virus vaccine market. Even though the virus was first uncovered in Uganda in 1947, there were few recorded cases then.
With the rising incidence of the disease in South America, the Caribbean, and in certain pockets of North America in the next two years, the zika virus vaccines market has gained traction. Researchers have already made impressive progress in developing the zika virus vaccines, with many being in phase II trails. However, impeding their efforts is the short-lived outbreaks of the disease, making it difficult to test zika virus vaccines. This has led to many research programs being curtailed.
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Because of its maximum occurrence in rest of the world (RoW) regions which exclude North America, Asia Pacific, and Europe, the zika virus vaccine market is seeing maximum sales and revenue generation in the geographical segment. Currently, Brazil has the maximum number of people afflicted by ailments caused by zika virus. It is trailed closely by Venezuela and Columbia.
With respect to growth pace, Asia Pacific zika virus market is expected to rise at the maximum pace. This is because of the increasing instances of mosquito-borne illnesses and bettering healthcare infrastructure in the region. Rising awareness about the diseases caused by zika virus and the zika virus vaccinations is causing the market to surge impressively in the region.
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The global market for zika virus vaccines is mainly dominated by big pharmaceutical companies since it is capital intensive. Some such big pharmaceutical companies in the market are Takeda Pharmaceutical Co. Ltd., NewLink Genetics Co., Immunovaccine Inc., Bharat Biotech International Ltd., GlaxoSmithKline Plc., Inovio Pharmaceuticals, Inc., GeneOne Life Science Inc., and Sanofi S.A. These players are pouring hefty funds into the development of effective and reliable vaccines in order to expand their consumer base and stay relevant in the market.