Blood Market to Obtain Awesome Hike in Revenues

Blood Market was valued at $33,500 million in 2016, and is projected to reach $45,982 million by 2023, registering a CAGR of 4.6% from 2017 to 2023. The blood therapeutics segment contributed the highest share in 2016, owing to the increase in the demand for various plasma proteins for the recovery of patients.

The blood market products include whole blood collection, source plasma collection, blood therapeutics, blood typing products, blood screening, and blood processing equipment & associated products. Increase in geriatric population, rise in trauma cases, technological advancement in medical technology for donor screening, and advancement in blood transfusion instruments drive the market growth. However, rise in minimal invasive technology, which no longer require the blood transfusion hamper the market growth. Increase in peripheral nerve injuries and improvement in the healthcare facilities in Asia-Pacific provide growth opportunities for the market.

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Blood & blood component banks contributed the highest share in 2016, owing to the increase in the demand for using equipment for the blood processing and for segregation of the blood components. North America accounted for significant share in the global market in 2016, owing to an established healthcare industry and rise in number of patient population requiring blood & blood components.

Key Findings of the Blood Market:

In 2016, the blood therapeutics segment accounted for the highest share of the global blood industry market.

The intravenous immunoglobulin segment contributed the highest revenue to the global market in 2016.

The blood & blood component banks segment is projected to grow at the highest CAGR of 4.9% during the forecast period.

North America is projected to grow at a CAGR of 4.4%.

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The major companies profiled in the report include Abbott Laboratories, Baxter International Inc., Becton, Dickinson & Co., CSL Behring, Immucor, Novartis, Novo Nordisk, Ortho Clinical Diagnostics, Roche Diagnostics, and Grifols International SA.

Veterinary Orthopedic Treatment Market Focus to Boost Revenue with Massive Growth

Veterinary orthopedic treatment has gained a substantial market share in the recent years, due to rise in ownership of companion animals and increase in animal healthcare expenditure. Increase in number of cases of obesity in pets boosts the market growth. Furthermore, advancements in therapeutic and diagnostic products are anticipated to fuel the market growth in the near future.

Veterinary Orthopedic Treatment Market was valued at $94,708 million in 2017 and is projected to reach $153,612 million at a CAGR of 6.2% from 2018 to 2025.

Orthopedic condition affects the bones, joints, or muscles in animals and leads to lameness, restricted mobility, instability, abnormal movements, and others. Veterinary orthopedic conditions, such as hip dysplasia, cruciate ligament tear, and others are treated with the help of specific drugs employed for pain management and surgeries. The treatment procedure also involves the use of various devices.

Increasing ownership of companion animals, augmenting demand for pet insurance, spurring animal healthcare expenditure, and rising cases of obesity in pets are the factors that drive the growth of the global veterinary orthopedic treatment market. However, high cost of surgeries and lack of animal health awareness hamper the market growth. Conversely, advancement in therapeutic and diagnostic products and no requirement of government approvals for veterinary devices provide lucrative growth opportunities for the key players.

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The elbow dysplasia segment accounted for the largest share in 2017, owing to increase in ownership of companion animals, and rise in cases of accidental trauma in pets. Furthermore, the bone fractures segment is expected to grow at the highest CAGR from 2018 to 2025 and is anticipated to continue its dominance during the forecast period.

On the basis of animal type dog segment accounted for the largest share in 2017, owing to increase in ownership of dogs as pets globally. Furthermore, the cat segment is expected to grow at the highest CAGR from 2018 to 2025.

Based on region, North America occupied the largest share in 2017 and is expected to provide lucrative market opportunities during the forecast period.

Key findings of the Veterinary Orthopedic Treatment Market:

·         The elbow dysplasia segment accounted for more than one-fourth share of the global veterinary orthopedic treatment market in 2017.

·         The cat segment is expected to grow at highest CAGR of 7.5% from 2017 to 2025.

·         The dog segment accounted for more than three-fourths share of the global veterinary orthopedic treatment market in 2017.

·         North America accounted for one-third share of the global market in 2017.

·         LAMEA is expected to provide lucrative market growth opportunities from 2017 to 2025.

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North America was the leading revenue contributor to the global veterinary orthopedic treatment market in 2017 and is expected to dominate the market during the forecast period. This is attributed to increase in obesity among pets in this region. However, Asia-Pacific is expected to grow at the highest CAGR of 6.8% during the study period, due to rise in ownership of companion animals in countries such as China and Australia.

Viral Vector and Plasmid DNA Manufacturing Market anticipated to be the highest revenue contributor throughout the forecast period

Viral Vector and Plasmid DNA Manufacturing Market was valued at $261 million in 2016, and is projected to reach $1,090 million by 2023, growing at a CAGR of 22.6% from 2017 to 2023. North America was the highest contributor to the viral vectors and plasmid DNA manufacturing market in 2016; however, Asia-Pacific is expected to witness the highest growth rate throughout the forecast period.

Gene therapy comprises tools such as viral vectors and plasmid DNA, which have evolved as a favorable treatment option for various diseases (especially those that currently have no cure) such as viral infections, cancer, and inherited disorders. Gene therapy and genetically modified therapy involve the use of a therapeutic DNA (the gene of interest) in cells. The process of gene transfer into the cells is achieved by the application of vectors. Over the past few years, several viral and non-viral plasmid DNAs have been standardized and optimized for this purpose.

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The major factors that drive the global viral vectors and plasmid DNA manufacturing market include rise in the number of candidates of gene therapy combined with their swift development through the numerous phases of clinical progression, ability of vectors to express therapeutic genes efficiently, and nonpathogenic nature of vectors. However, possible insertional mutagenesis and high cost of gene therapies impede the market growth. Technological advancements to alleviate challenges caused by traditional methods of vector production provide lucrative opportunities for the manufacturers in this industry.

The key market players operating in this market are Kaneka Eurogentec S.A., FinVector, Brammer Bio, Cell and Gene Therapy Catapult, FUJIFILM Diosynth Biotechnologies, Sanofi, Spark Therapeutics, Cobra Biologics, UniQure and MassBiologics. Other players in the value chain analysis include, 4D Molecular Therapeutics, Renova Therapeutics, Shenzhen SiBiono GeneTech Co., Ltd., and Thermo Fisher Scientific, Inc.

The cancer application generated the highest revenue of $162 million in 2016, and is anticipated to continue this trend in the future. The requirement for quality drugs and versatile therapies for treatment are expected to boost the growth of this segment. Inherited disorders application is projected to grow at the highest CAGR of 25.1% from 2017 to 2023.

North America held the highest market share of $124 million in 2016, owing to high prevalence rate of cancer and modern healthcare facilities. The adoption of experimental medicines and growth in awareness about gene therapy are expected to boost the North American market. Asia-Pacific is expected to grow at the highest CAGR of 18.8% during the forecast period, owing to rapid industrialization in the area, increase in disposable income, and upsurge in government initiatives to modernize healthcare infrastructure.

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Key Findings of the Viral Vector and Plasmid DNA Manufacturing Market:

• The plasmid DNA segment is anticipated to grow at the highest CAGR from 2017 to 2023.
• The inherited disorders application segment is expected to witness the highest growth rate.
• Cancer application segment is anticipated to occupy the largest share in the viral vector and plasmid DNA manufacturing market.
• North America dominated the global viral vector and plasmid DNA manufacturing market, and is projected to grow at a CAGR of 20.6%.

Veterinary Point of Care Blood Gas Analyzers Market Focus to Boost Revenue with Massive Growth

Technological advancements have played a major role in the growth of veterinary point of care blood gas analyzers market. Furthermore, rise in animal health awareness and improvements in veterinary health infrastructure are expected to boost the demand for these analyzers in the coming years.

Veterinary Point of Care Blood Gas Analyzers Market was valued at $47,876 thousand in 2016, and is expected to reach $65,982 thousand by 2023, growing at a CAGR of 4.6% from 2017 to 2023.

Veterinary point-of-care blood gas analyzers are used in veterinary clinics & laboratories for point of care blood testing. These analyzers are mostly used to measure blood pH, gases, and electrolytes in blood specimens.

Technologically advanced veterinary point of care blood gas analyzers are available in market that increase veterinary practitioners preference over other laboratory analyzers. For example, the demand for battery-operated, wireless point of care blood gas analyzers has increased, due to test convenience and cost-effectiveness. The growth of the global veterinary point of care blood gas analyzers market is driven by increase in spending on animal health, stringent regulation for animal health, rise in number of veterinary clinics & veterinary practitioners.

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Furthermore, rise in adoption of companion animals and favorable pet insurance policies fuel the market growth. According to the North American Pet Health Insurance Association (NAPHIA), the total number of pets insured reached 1.6 million at the end of 2015, and grew at an average annual rate of 12.0% from 2014 to the end of 2015.

Presently, portable blood gas analyzers segment holds the largest market share. However, it is estimated that the demand for handheld blood gas analyzers is expected to increase during forecast period, due to features such as faster outputs, ease of use, and convenience.

Key Findings of the Veterinary Point Of Care Blood Gas Analyzers Market:

• The handheld analyzers segment is expected to grow at a CAGR of 7.1% from 2017 to 2023.
• Veterinary clinics is major revenue contributor in the global market, and is expected to retain dominance throughout the forecast period.
• Based on animal type, companion animals segment leads the global market, and expected to continue its dominance during the forecast period; currently this segment holds half of the market share.
• Asia-Pacific is expected to grow at the highest rate, registering a CAGR of 6.9%.

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North America held largest share of the global market in 2016, and is expected to remain dominant throughout the forecast period. This is attributed to higher disposable income, rise in number of pets & other domestic animals, stringent regulations enacted by state & federal governments to enhance animal welfare, and pet owner's willingness to pay for veterinary services. On the other hand, Asia-Pacific is expected to show fastest growth, due to upsurge in disposable income, rise in animal health awareness, and increase in pet adoption among the higher and middle-income countries.

Womens Health Diagnostics Market Focus to Boost Revenue with Massive Growth

High demand for point-of-care diagnostics and growing awareness about the womens health related diagnostics drives the market growth. Focus of manufacturers on development of novel tests; such as hormone receptor tests and HPV test; to treat womens disorders would have a significant impact on the market growth throughout the forecast period.

Women's Health Diagnostics Market was valued at $13,133 million in 2016, and is projected to reach $21,501 million in 2023 at a CAGR of 7.0% from 2017 to 2023.

Gynecology is the main branch of medical science concerned with women's health problems. This includes the health-related disorders, their screening and testing procedures. Women are highly prone to various cancers such as breast, cervical, and ovarian cancer. Other health issues include infertility, polycystic ovarian syndrome, menopause, depression, osteoporosis, and obesity.

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Factors such as rise in prevalence of various chronic lifestyle disorders in women, rise in female geriatric population who are more prone to several disorders, increase in adoption of point of care diagnosis, high demand for imaging and diagnosing centers, and support from government in promoting awareness about women related disorders. However, factors such as expensive imaging procedures and lack of skilled professionals restrains the market growth. Conversely, huge untapped market potential in the emerging countries, such as South Africa and India, and development of novel and advanced imaging procedures such as miniature devices are expected to provide lucrative opportunities to the market players.

The diagnostic tests segment occupied the largest share in 2016, owing to the high usage, applicability, and availability of tests for detecting various disorders in women. Furthermore, the accessories and consumables segment is expected to grow at the highest CAGR of 7.8% from 2017 to 2023, and is anticipated to continue its dominance during the forecast period. The utilization rate of various women's health related diagnostics procedures for hospitals and clinics is high, however diagnostic and imaging centers segment is expected to grow at a CAGR of 7.8% during the forecast period. This is attributed to increase in incidence of various types of health-related disorders.

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Key findings of the Women's Health Diagnostics Market:

• Diagnostic tests segment accounted for around 55.1% share of the global women's health diagnostics market in 2016
• Diagnostic devices segment is expected to grow at a CAGR of 6.5% from 2017 to 2023.
• Hospitals and clinics segment accounted for around 49.8% share of the global women's health diagnostics market in 2016
• North America accounted for around 33.7% share of the global women's health diagnostics market in 2016
• Asia-Pacific is expected to grow at the highest CAGR of 8.1% from 2017 to 2023

North America was the leading revenue contributor to the global women's health diagnostics market, accounting for nearly one-third of the global market. This is attributed to the presence of numerous screening tests for cancer detection and other diseases. Moreover, presence of key players and advanced diagnostics procedures such as 3D mammography. However, Asia-Pacific is expected to grow at the highest CAGR of 8.1% during the study period, due to increase in affordability, surge in healthcare expenditure, and rise in awareness towards various women related disorders.

Smart Inhalers Market Expected to Witness a Sustainable Growth

Smart Inhalers Market size was valued to be at $34 million in 2018 and is expected to increase during the forecast period to be at $1,406 million by 2026, registering a CAGR of 58.4% from 2019 to 2026. The inhalers segment accounted for more than half of the total market share in 2018.

Smart inhalers are the small inhaler devices used for delivering several inhaled medications such as anticholinergics, glucocorticoids, and beta antagonists. According to CDC data of 2016, approximately 26.5 million people are living with asthma in the U.S., and nearly 1.7 million people were found out to be having asthma as the primary diagnosis during their visit to emergency departments. Smart inhalers contain sensors that are connected to inhaler devices, this allows maintaining the record of inhaler, increasing the adherence and monitoring of the patient.

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The major factor attributing to the increase of smart inhalers is rise in prevalence of COPD and asthma, among which COPD is expected to be the third leading cause of death globally by 2030. Better treatment option, ease of use, and technological advancements coupled with increase in adherence rate of patients to smart inhalers are other major factors that drive this market. However, lack of reimbursement for smart inhalers and limited availability of smart inhalers in developing regions are expected to restrain the global smart inhalers market growth.

Currently, Adherium is the major player in this market with majority of the approved products being provided by Adherium. However, smart inhalers being a lucrative market, acquisitions and collaborations are increasing between the pharmaceutical companies and smart inhaler manufacturers. 

Based on distribution channel, the market is segmented into hospitals, retail pharmacies, and online pharmacies. Retail pharmacies segment is the highest contributor for the distribution channel segment. However, online pharmacies segment is the highest growing segment and is expected to propagate at a higher growth rate throughout the forecast period, owing to the preference over other pharmacies, as it provides hassle free doorstep delivery of the smart inhalers directly by the manufacturing companies.

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Key Findings of the Smart Inhalers Market Study:

• North America occupied more than one-third share of the global smart inhalers market in 2018.
• The inhalers segment is the highest contributor in the product segment.
• The online pharmacies in the distribution channel segment is anticipated to grow with the highest CAGR throughout the forecast period.
• The hospitals in the distribution channel segment accounted for three-fourths share of the market in 2018. 
• The nebulizers in the by product segment is anticipated to grow with the highest rate throughout the forecast period.
• Asthma in by indication type segment accounted for the largest growth for the market.

This report provides a comprehensive analysis of the key players operating in this market. These include Adherium, Astrazeneca plc., Glaxo Smith Kline, Cohero Health Inc., Novartis International AG, ResMed Inc., Opko Health Inc., Boehringer Ingelheim Group, and Vectura Group plc.

Single-use Bioprocessing Material Market Expected to Witness a Sustainable Growth

Single-use Bioprocessing Material Market was valued at $2,800.0 million in 2016, and is projected to reach $9,342.1 million by 2023, growing at a CAGR of 18.7% from 2017 to 2023. The plastic segment accounted for five-eighths share of the global market in 2016.

Single-use bioprocessing technology has gained significant traction in the recent years, owing to the rapid adoption of disposable bioprocessing equipment by pharmaceutical manufacturers. This has fueled the manufacturers to integrate different materials in the construction of single-use bioprocessing products. These products have also proved beneficial for the small scale pharmaceutical manufacturers. Hence, most biopharmaceutical companies utilize single-use bioprocessing technology for manufacturing vaccines, monoclonal antibodies, and other pharmaceutical components on commercial scale. This has spurred the demand for high-grade plastic and silicone materials in the development of SUB products.

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The polyethylene segment is the major contributor to the revenue generated by the plastic segment is 2016 and is anticipated to maintain this dominance throughout the forecast period. Variants of polyethylene, such as high-density polyethylene (HDPE), low-density polyethylene (LDPE), and medium-density polyethylene (MDPE) are used to manufacture single-use bioprocessing products. In addition, polyethylene is extensively used in the construction of media bags along with the films used in the bioprocess containers.

Moreover, biopharmaceutical manufacturers segment has dominated the global market in 2016 and is anticipated to maintain this trend throughout the forecast period. The major driving force of the increasing utilization of single-use bioprocessing systems is the collaboration between leading manufacturers and small-scale suppliers of filtration, container or closure systems, mixing systems, fermentation systems, and cell culture systems (bioreactors).

Key Findings of the Single-use Bioprocessing Material Market:

• The silicone material segment accounted for second largest share in the global market in 2016 and is expected to maintain this trend throughout the forecast period.
• Other plastic material segment is anticipated to grow at the fastest pace from 2017-2023.
• Contract research organization & manufacturers registered highest growth in the global single-use bioprocessing material market during the forecast period.
• North America dominated the single-use bioprocessing material market in 2016 and is anticipated to maintain this trend throughout the forecast period.
• UK is anticipated to grow at the fastest pace in the European single-use bioprocessing market during the forecast period.

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Asia-Pacific witnessed highest growth rate for single-use bioprocessing market and is expected to continue this trend throughout the forecast period. This is attributed to the rise in expenditure on healthcare along with the improvement in medical and healthcare infrastructure. In addition, the key market players focus on the opportunities offered by the growing demand for single-use bioprocess systems. Such systems are highly cost-effective, which has gained popularity among end users in this region. Moreover, significant growth of pharmaceutical and the biotechnology industries across the countries of Asia-Pacific region have supplemented the market growth.

The major companies profiled in the report include Thermo Fisher Scientific, Danaher Corporation, GE Healthcare (General Electric Company), Sartorius Stedim Biotech S.A, Merck Millipore (Merck Group), 3M Company, Eppendorf AG, Finesse Solutions, Inc., Applikon Biotechnology B.V., and Cesco Bioengineering Co., Ltd. The other companies profiled in this report include Octane Biotech Inc., PBS Biotech, Inc., Meissner Filtration Products, Inc., Sentinel Process Systems Inc., CMC Biologics (Asahi Glass Co.), Novasep, PendoTECH, and BioPure Technology Ltd.

Prosthetic Heart Valve Market Insights on Market Challenges and New Trends

Prosthetic Heart Valve Market was valued at $3,874 million in 2016, and is expected to reach at $8,392 million by 2023, growing at a CAGR of 11.4% from 2017 to 2023. The transcatheter heart valve segment accounted for more than three-fifths share of the total market in 2016.

Prosthetic heart valves are implanted in patients suffering from valvular heart disease, which results in failure of one or more valves present in the human heart. These patients are treated by replacing a natural heart valve with a prosthetic heart valve.

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The market is driven by rise in prevalence of cardiac disorders, such as rheumatic heart diseases, increase in geriatric population, and change in lifestyle of people, novel technological advancements in prosthetic heart valves, rise in patient awareness, demand for minimally invasive cardiovascular surgeries, and surge in transcatheter heart valve surgery centers. However, this growth is limited by high cost, risk associated with prosthetic heart valves, and stringent approval process for prosthetic heart valves. Use of transcatheter heart valves for new indications and emerging markets in Asia-Pacific and LAMEA are expected to provide several opportunities for key players operating in prosthetic heart valve market.

The transcatheter heart valve segment is expected to maintain its dominant position throughout the analysis period, owing to rise in prevalence of aortic stenosis, increase in geriatric population, and new device approvals. In addition, transcatheter heart valve segment is expected to grow at the highest CAGR of 15.0%, owing to increase in adoption rate for transcatheter valve implantation procedures.

Key Findings of the Prosthetic Heart Valve Market

• Based on product type, the transcatheter heart valve segment accounted for more than three-fifths of the total market in 2016.
• Europe accounted for more than half of the transcatheter heart valve market (in terms of value) in 2016, with a CAGR of 13.8%.
• Europe accounted for both, major share (nearly two-fifths) in 2016 (in terms of volume) and highest CAGR of 11.1% (for volume market) from 2017 to 2023, in the global market.
• LAMEA is expected grow at a high CAGR of 11.7% from 2017 to 2023.

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Europe accounted for majority of the share (nearly half) in the market in 2016, and is expected to remain dominant throughout the forecast period, owing to increased adoption of prosthetic valves, enhanced technological advancements, and development of novel products by the key players. In addition, increase in prevalence of aortic stenosis, rise in awareness among patients & physicians about the availability of advanced prosthetic valves, and advanced healthcare infrastructure fuel the market growth. Moreover, rise in awareness for availability of prosthetic valves and procedures in certain European nations are the key factors that have increased the adoption of advanced prosthetic valves in the region.

The major companies profiled in the report include Abbott Laboratories, Medtronic plc., Medical Technology Est., Boston Scientific Corporation; Micro Interventional Devices, Inc., Direct Flow medical, Inc., Edwards Lifesciences Corporation, LivaNova PLC., JenaValve Technology, Inc., and Cryolife, Inc.

Pulse Oximeters Market to Expand at a Steady Growth Rate in the Coming Years

Pulse Oximeter Market was valued at $1,234 million in 2015, and is expected to reach $1,901 million by 2022, supported by a CAGR of 6.3% during the forecast period 2016 - 2022. The table-top/bedside pulse oximeters segment accounted for more than three-fifths share of the global market in 2015.

Pulse oximeters deal in the measurement of vital health parameters, such as respiratory rate, heart rate, and pulse rate. These are used to monitor a patients status prior to or during diagnosis of health condition. Pulse oximeters are used in a medical setting, home, or at the site of medical emergency. Factors such as increase in geriatric population, rise in inclination towards home monitoring, upsurge in incidence rate of chronic diseases, such as cardiovascular disorders, obesity, and rise in awareness among patients about advanced pulse oximeters are expected to drive the market. However, lack of awareness about these devices in low- and middle-income economies hampers the market growth.

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The key players profiled in the report are include Contec Medical Systems Co., Ltd., General Electric Company, Halma plc, Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, Nihon Kohden Corporation, Nonin Medical, Inc., Omron Corporation, and Smiths Group plc.

The table-top/bedside pulse oximeters segment is anticipated to dominate the global pulse oximeters market until 2022, owing to increase in the global incidence of respiratory disorders, such as COPD. The fingertip pulse oximeters segment is projected to be the fastest growing segment, on account of the benefits such as ease of use and increase in home healthcare facilities, globally.

The global pulse oximeter market by end user is segmented into hospitals & clinics, ambulatory surgery centers (ASCs), and home care settings. The hospitals & clinics segment was the highest revenue contributor to the global market in 2015, accounting for $678 million, and is estimated to garner $1,015 million by 2022, registering a CAGR of 5.8% during the forecast period. These devices facilitate early detection of a patients deteriorating health condition; thereby, enabling speedy intervention and diagnosis of diseases. However, the ASCs segment is estimated to grow at the highest CAGR of 7.4% during the forecast period.

North America is expected to dominate the global pulse oximeter market in 2015, and is expected to maintain this trend during the forecast period. This is attributed to the increase in prevalence of respiratory disorders, growth in awareness among patients regarding cost-effective pulse oximeters, and availability of advanced healthcare facilities in North American countries. However, Asia-Pacific is expected to be the fastest growing region in the near future, owing to its high population base, high disposable incomes, and improvement in patient awareness about advanced pulse oximeters

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PULSE OXIMETER MARKET KEY FINDINGS

·         Based on product type, the table-top/bedside pulse oximeters segment accounted for more than three-fifths share of the total market in 2015.

·         The home environment segment is expected to grow at a significant CAGR of 7.8% from 2016 to 2022, as fingertip pulse oximeters can be used easily by patients and do not require trained professional for operating the device.

·         LAMEA is projected to be the fastest growing region until 2022, owing to the presence of ample growth opportunities in terms of unmet medical needs for the treatment of hypertension, COPD, and infectious diseases in this region, and increase in disposable income of the population.

·         In 2015, Germany and France jointly accounted for about one-third share of the European pulse oximeters market.

Varicella Live Vaccine Market : Innovation and Product Optimization to Boost Growth

Varicella Live Vaccine Market  was valued at $2.71 billion in 2018, and is expected to reach $4.22 billion by 2026, registering a CAGR of 5.7% from 2019 to 2026.

Viral infections can be prevented by immunization and therefore, immunization is crucial. Varicella zoster is a virus that causes diseases such as chicken pox and herpes zoster. However, these infectious diseases can be prevented by the use of varicella live vaccines. Varicella live vaccines are administered to both children and adults in a pattern of two doses to ensure complete immunization. These vaccines contain a weakened form of varicella zoster virus that is effective in creating immunity against the same virus. There are two different types of varicella live vaccines such as monovalent and combination varicella vaccines.

Rise in immunization programs worldwide is the major factor that boost the growth of the varicella live vaccine market. In addition, factors such as surge in awareness related to the use of varicella live vaccines and increase in adoption of varicella vaccination across the globe fuel the growth of the varicella live vaccine market. However, high monetary inputs associated with manufacture of the products restrict the growth of the market. Conversely, growth potential in emerging economies is expected to create lucrative opportunities for the market during the forecast period.

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The global varicella live vaccine market is segmented based on product, application, and provider. On the basis of product, the market is bifurcated into monovalent varicella vaccine and combination varicella vaccine. By application, it is divided into chicken pox immunization, herpes zoster immunization and measles, mumps, rubella and varicella (MMRV) immunization.

On the basis of provider, it is segmented into public provider and private provider. Based on region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, the UK, Italy, Spain, France, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and, rest of Asia-Pacific) and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

Based on product, the monovalent varicella vaccine segment acquired the major share of the varicella live vaccine market and is expected to experience rapid growth during the forecast period as these vaccines exhibit lesser chances of inducing febrile seizures in children as compared to combination vaccines. Moreover, easy availability and presence of large number of products is another reason that boosts the growth of the monovalent varicella vaccine market.

Based on application, chicken pox immunization acquired the largest share of the varicella live vaccine market owing to vaccination employed with an initial aim of building immunity against chicken pox. Herpes zoster segment is expected to grow at the fastest rate during the forecast period owing to surge in geriatric population worldwide and rise in awareness about the use of varicella live vaccines for herpes zoster.

On the basis of region, North America acquired a major share owing to easy availability of varicella live vaccines, presence of skilled healthcare experts, and presence of major key players that offer varicella live vaccines. Asia-Pacific is expected to grow at the fastest rate during the forecast period due to surge in awareness related to importance of immunization and rise in disposable income.

The developing economies offer lucrative opportunities for varicella live vaccine providers to expand their business. The constantly evolving life science industry drives the growth of the market in the developing economies such as India, China, and others.

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Key Findings of The Varicella Live Vaccine Market:

• Monovalent varicella vaccine occupied two-thirds share of the global varicella live vaccine market in 2018
• The herpes zoster segment is anticipated to grow with the highest CAGR throughout the forecast period
• The private segment accounted for two-third share of the market in 2018
• Asia-Pacific is anticipated to grow at the highest rate during the analysis period, followed by LAMEA