Abstract
Global Vaccine Manufacturers Need to Scale up Operations in Emerging Countries
to Solve Issues of Supply and Demand
Vaccine manufacturers from all over the world have been involved in a
stalemate with governments regarding supply and demand. While governments are
reluctant to ensure steady demand for vaccines unless the manufacturers can
prove their ability to increase their supply, the latter are apprehensive
about increasing production without a guarantee of sustained demand from the
governments. Meanwhile, developing nations are increasingly demanding vaccines
that are no longer included in the immunization schedules of developed
countries. These vaccines will have to be provided at very low costs, which
will not be feasible unless the demand can compensate for the low margins.
Tier 1 participants will have to take the responsibility of supplying vaccines
to emerging markets by leveraging their presence in developing and low-cost
nations such as India and China. By expanding their manufacturing base in
these countries, they can supply to both developed and developing markets.
Manufacturers also benefit from the lucrative private markets, rising economic
prowess, and increased awareness of vaccines in these regions.
This Frost & Sullivan analysis examines the global vaccines markets,
segmenting it into North American, European, and Rest-of-World regions. This
study discusses the prevailing market drivers and restraints as well as
enables companies to align their positioning strategies to benefit from the
changing market conditions.
Strong Pipeline of Vaccines Hold Manufacturers in Good Stead in Developed
Markets
Manufacturers that operate in saturated markets have to constantly launch new
vaccines or improved versions with increased coverage and efficacy. Since the
time to market for a vaccine is 12-14 years, it is vital for companies to have
strong and well-developed product portfolios in the market as well as in the
pipeline to ensure consistent growth.
Vaccine manufacturers, especially the top five, have robust pipelines. "There
are at least 14 vaccines in phase III/registration phase that can ensure high
growth with their inclusion in the national immunization programs across the
United States and Europe," says the analyst of this study. "Two of these
vaccines -- against Rotavirus and Human Papilomavirus (HPV) -- are likely to
be the chief tools in building a strong foundation for growth of the vaccines
market, which can be utilized by other products including the next-generation
vaccines."
Regional Vaccine Manufacturers Take Advantage of Rising Costs to become Global
Participants
Regional manufacturers have wrested the advantage from the major vaccine
manufacturers that are pressured by rising costs and limited budgets for
immunization programs. With the momentum shifting in their favor and providing
them with a platform to expand their presence, regional participants have
entered the global vaccines market. They have received ample financial support
from the vaccine fund and other aid agencies for long-term funding of
immunization programs.
Such backing has ensured consistent demand, which has, in turn, encouraged
companies to supply large volumes of vaccines. "A large number of regional
vaccine manufacturers have entered the market, thereby reducing cost and
increasing supply," notes the analyst. "Eventually, these manufacturers can
enter developed markets and expand their business into more profitable
ventures."
Table of Contents
- 1. Executive Summary
- 2. Total Vaccines Markets
- 1. Market Overview
- 1. Introduction
- 2. Market Engineering Measurements
- 3. Market Segmentation
- 4. Research Methodology
- 2. SWOT Analysis and Revenue Forecasts
- 1. SWOT Analysis
- 2. Revenue Forecasts
- 3. Market Challenges and Strategies
- 1. Market Challenges
- 2. Strategic Recommendations
- 4. Frost and Sullivan Awards
- 1. Growth Strategy Leadership of the Year Award
- 2. Product Innovation of the Year Award
- 3. North American Vaccines Markets
- 1. Market Overview
- 1. Introduction
- 2. Market Engineering Measurements
- 2. Market Drivers Restraints and Trends
- 1. Market Drivers
- a. Positive Economic Impact of Vaccination Encourages Immunization
Programs
- b. Wider Media Coverage on Emerging Diseases and Increased Threat of
Outbreaks Drives Vaccination Programs
- c. Combination Vaccines Reduce Number of Physician Visits and Risk
of Missed Shots and Encourages Vaccination
- d. Launch of New Rotavirus and HPV Vaccines likely to Drive Growth
of Market
- e. Novel Delivery Platforms and Technologies Encourage Usage of
Vaccines
- 2. Market Restraints
- a. High Barriers to Entry of New Vaccine Manufacturers Restrains
Growth
- b. High Cost of Clinical Trials for Already Existing Vaccines
Discourages Introduction in U.S
- c. Anti-Vaccination and Misinformation Groups Create Negative Image
for Vaccines
- d. Imbalance Between Vaccine Manufacturing Costs and Selling Prices
Creates Fragility in Vaccine Supply
- e. Success of Immunization Programs Creates Problems for Physicians
and Patients
- 3. Market Trends
- 3. Revenue Forecast and Competitive Structure
- 1. Revenue Forecasts
- 2. Competitive Structure
- 4. European Vaccines Markets
- 1. Market Overview
- 1. Introduction
- 2. Market Engineering Measurements
- 2. Market Drivers Restraints and Trends
- 1. Market Drivers
- a. Strong Local Presence of Leading Vaccine Manufacturers Drives
Growth
- b. Huge Unmet Medical Need in Non-Pediatric Segment Presents
Opportunity for Market Expansion
- c. Launch of Human Papilomavirus Virus and Rotavirus Vaccine Drives
Market Expansion
- d. Expanded Use of Prevnar and Launch of Streptorix Propels Usage
and Drives Expansion
- e. Threat of Flu Pandemic drives Demand for Flu Vaccines
- 2. Market Restraints
- a. Highly Fragmented and Heterogeneous Local Markets Creates
Barriers for Vaccine Manufacturers
- b. Price Caps on Vaccines Lowers Margins for Manufacturers
- c. Increasing Cost of Manufacturing and Clinical Trials Restrains
Expansion Activities
- 3. Market Trends
- 3. Revenue Forecast and Competitive Structure
- 1. Revenue Forecasts
- 2. Competitive Structure
- 5. Rest-of-World Vaccines Markets
- 1. Market Overview
- 1. Introduction
- 2. Market Engineering Measurements
- 2. Market Drivers Restraints Trends
- 1. Market Drivers
- a. Huge Population Base offers Immense Growth Potential
- b. Increasing Private-Public Partnerships Encourage Immunization
Programs
- c. Rising Economic Prowess of Developing Countries Encourages
Healthcare Initiatives
- d. High Birth Rates Ensure Consistent Demand for Pediatric Vaccines
- 2. Market Restraints
- a. Delivery of Vaccines in the Absence of a Structured Healthcare
System is likely to Restrain Growth
- b. Limited Public Awareness Among the Illiterate Curbs Immunization
Programs
- c. The Lack of Infrastructure to Handle Storage and Supply of
Vaccines Deters Growth
- d. Rising Manufacturing Costs Coupled with Limited Resources Creates
Cost Pressures for Manufacturers
- 3. Market Trends
- 3. Revenue Forecast and Competitive Structure
- 1. Revenue Forecasts
- 2. Competitive Structure
- 6. Decision Support Databases
- 1. Global Disease Profile
- 1. Diphtheria Incidences
- 2. Haemophilius Influenza B Incidences
- 3. Hepatitis B Incidences
- 4. Measles Incidences
- 5. Mumps Incidences
- 6. Rubella Incidences
- 7. Pertussis Incidences
List of Figures
Chapter 2
- Vaccines Market: SWOT Analysis (World), 2006-2012
- Vaccines Market: Revenue Forecasts (World), 2002-2012
- Vaccines Market: Market Share Trends of Major Market Participants (World),
2002-2005
- Vaccines Market: Percent of Revenues by Geographic Region (World),
2002-2012
- Vaccines Market: Impact of Top Industry Challenges (World), 2006-2012
- Vaccines Market: Challenges and Corresponding Strategies (World), 2006-2012
Chapter 3
- Vaccines Market: Market Drivers Ranked in Order of Impact (North America),
2006-2012
- Vaccines Market: Market Restraints Ranked in Order of Impact (North
America), 2006-2012
- Vaccines Market: Revenue Forecasts (North America), 2002-2012
- Vaccines Market: Competitive Structure (North America), 2005
Chapter 4
- Vaccines Market: Market Drivers Ranked in Order of Impact (Europe),
2006-2012
- Vaccines Market: Market Restraints Ranked in Order of Impact (Europe),
2006-2012
- Vaccines Market: Revenue Forecasts (Europe), 2002-2012
- Vaccines Market: Competitive Structure (Europe), 2005
Chapter 5
- Vaccines Market: Market Drivers Ranked in Order of Impact (Rest-of-World),
2006-2012
- Vaccines Market: Market Restraints Ranked in Order of Impact
(Rest-of-World), 2006-2012
- Vaccines Market: Revenue Forecasts (Rest-of-World), 2002-2012
- Vaccines Market: Competitive Structure (Rest-of-World), 2005