Rubella Vaccine Market Demands and Growth Prediction, Outlook 2017-2022 | Market Data Forecast
Rubella is an acute, viral, and contagious
infection, which has a mild effect on children and is caused by the
transmission of airborne droplets of infected people through sneezing or
coughing. However, pregnant women suffering from rubella have to face severe
consequences, as the viral infection results in death or congenital defects
known as congenital rubella syndrome (CRS). Rubella vaccine has gained traction
over the years as the disease is preventable only through vaccination and no
other specific treatments exist for it.
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The major factors that fuel the growth of the
market are an increase in the incidence of rubella infection globally
Approximately 100,000 infants are affected by rubella annually, thus increasing
the government focus on rubella vaccination, which further propels the market
growth. However, inherent disadvantages of using human diploid cell technology
for constructing rubella vaccines such as high selectivity and insufficient yield,
restrain the growth of the market. Conversely, ongoing R&D activities for
the advancement of rubella vaccines are expected to offer lucrative
opportunities for the growth of the market.
The global Rubella Vaccine market is
segmented on the basis of End User. On the basis of End User, the market is
segmented into Pediatric Rubella Vaccine, Adult Rubella Vaccine, and Traveler
Rubella Vaccine.
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On the basis of geography,
the Rubella Vaccine market is segmented into North America, Europe, Asia
Pacific, Latin America and Middle East and Africa. North America accounted for
the largest share of the Rubella Vaccine market followed by Europe and Asia
Pacific. Asia Pacific is expected to
witness the highest CAGR in the coming years.
The market is dominated by
companies like Merck & Co., Inc., GlaxoSmithKline Plc, Chiron Corporation
(Novartis), Sanofi-Aventis, Serum Institute of India, Astellas Pharma Inc.,
AstraZeneca Plc. (Medimmune, LLC.), CSL Limited, Pfizer Inc., and Berna Biotech
(Crucell).
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