The global Human Papillomavirus Vaccine market size will rise remarkably in the coming years on account of the rising prevalence of HPV associated cancer, especially among the female population. According to a recent report by Fortune Business Insights titled, “Human Papillomavirus (HPV) Vaccine Market Size, Share & COVID-19 Impact Analysis, By Type (Bivalent and Polyvalent), By Disease Indication (HPV Associated Cancer and Genital Warts), By Distribution Channel (Hospital & Retail Pharmacies, Government Suppliers, and Others) and Geography Forecast, 2020-2027,” the value of this market was USD 3.80 billion in the year 2019 and is expected to rise at a CAGR of 16.3% to reach USD 12.69 billion by the end of 2027. The forecast period is set between 2020 to 2027.
Key Companies Profiled in the Report include:
Merck & Co., Inc (New Jersey, U.S)
GlaxoSmithKline plc. (U.K., Europe)
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What is the Scope of the Report?
The report offers an elaborate overview of the market emphasizing on factors such as the drivers, restraints, challenges, and opportunities for the market. It also talks about the competitive landscape of the market, list of key players and the strategies adopted to earn the top position in the market competition. The report further throws light on the current trends prevalent in the market and major industry developments. For more information, log on to the company website.
North America to Lead Market Accounting to Availability of Necessary Resources
In 2019, North America held the largest HPV vaccines market share with a revenue of USD 1.83 billion. This is attributable to the presence of well-established healthcare services, coupled with the ease of availability of necessary resources. Additionally, people are well aware about the presence of vaccines and other therapeutic procedures. The rise in preference for vaccination and treatment at the nearest healthcare institution will also add impetus to the regional market growth.
Furthermore, the governments in developed nations such as Canada and the U.S. take initiatives by purchasing high volume of vaccines from manufacturing companies and supply them at lower cost. Such initiatives taken by the governments are likely to help this region continue dominating the market in the coming years as well.
Strong Portfolio of Merck Co. Inc. and GlaxoSmithKline plc to help them Dominate Market
The competitive landscape of the market for Human Papillomavirus Vaccine is duopolistic in nature, with companies holding a major share. These include GlaxoSmithKline Plc. and Merck Co. The presence of a strong portfolio is the key factor helping these companies exhibit dominance. On the other side, other players operating in this market are engaged in collaborative efforts such as joint ventures, agreements and contracts to maintain their mark in the market competition.
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Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Pipeline Analysis
Technological Advancements in the Human Papillomavirus Vaccine Market
Regulatory Scenario - For Key Countries, 2019
Prevalence of Cervical Cancer - For Key Countries, 2019
Key Industry Developments - Mergers, Acquisitions, and Partnerships
Global Human Papillomavirus Vaccine Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis, Insights and Forecast – By Type
Bivalent
Polyvalent
Market Analysis, Insights and Forecast – By Disease Indication
HPV Associated Cancer
Genital Warts
Market Analysis, Insights and Forecast – By Distribution Channel
Hospital & Retail Pharmacies
Government Suppliers
Others
Market Analysis, Insights and Forecast – By Geography
North America
Europe
Asia pacific
Latin America
Middle East & Africa
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