The Hepatitis B Vaccine Market size was valued at USD 8.26 billion in 2023 and is estimated to reach USD 11.84 billion in 2031 with an emerging CAGR of 4.6% Over the forecast period of 2024-2031.
The Hepatitis B vaccination (HBV) offers protection against the HBV and is a very safe and effective vaccine. It is a viral infection that targets the liver and can lead to both short-term and long-term health issues. By lowering the burden of Hepatitis B-related illnesses, the development and launch of the Hepatitis B vaccination have had a substantial influence on world health. The market for the Hepatitis B vaccine has grown significantly over the years, driven by growing healthcare costs, increased public knowledge of the value of immunisation, and government efforts to stop the spread of the disease. Various vaccinations, including recombinant vaccines, vaccines generated from plasma, and combination vaccines, are available on the market. Recombinant vaccinations: The sort of Hepatitis B vaccines that are most frequently used are recombinant vaccines.
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In order to manufacture viral antigens that can elicit an immune response, they are made utilising genetic engineering techniques. These immunisations are both extremely reliable and secure. Hepatitis B vaccinations made from plasma: These vaccines are made from the plasma of people who have become immune to the hepatitis B virus. Due to worries about the possible transfer of additional blood-borne illnesses, these vaccinations are currently less often utilised. Combination vaccinations: Combination vaccines offer protection against a number of illnesses with only one dose. Some vaccinations, such as those for diphtheria, tetanus, pertussis, and Haemophilus influenzae type (Hib), mix the Hepatitis B vaccine with other vaccines. Combination vaccines are practical and aid in increasing vaccination rates. The rising frequency of Hepatitis B infection, routine immunisation programmes, and the increased focus on reducing mother-to-child transmission are some of the factors driving the market for the Hepatitis B vaccine. Worldwide immunisation campaigns against Hepatitis B have been launched by governments and organisations. The Hepatitis B vaccination is advised for all babies as part of their standard immunisation plan by the World Health Organisation (WHO).
DRIVERS
Raising consciousness Government programmes
Increasing frequency technological progress.
Growing public awareness of the dangers and effects of hepatitis B infection has raised demand for vaccination, which is propelling the market's expansion. To stop the spread of Hepatitis B, several countries have adopted vaccination programmers and laws, which has increased vaccination rates and expanded the market.
There is a great need for vaccinations to prevent Hepatitis B since the infection rate is so high in some areas, particularly in Asia and Africa. The development of more potent and secure Hepatitis B vaccinations as a result of technological advancements in vaccine development and manufacturing has increased market demand.
RESTRAIN
Cost restrictions.
Poor healthcare infrastructure Reluctance to get vaccines.
Hepatitis B vaccination programmers may be more difficult to access and adopt in low-income nations due to the price of the vaccines. Poor healthcare infrastructure, particularly in rural regions, might make it difficult to administer and distribute Hepatitis B vaccinations effectively.
The adoption and uptake of Hepatitis B vaccinations can be impacted by vaccine reluctance and false information, which can have an influence on market growth.
OPPORTUNITY
Developing nations & vaccinations in combination.
Focus on mother-to-child transmission as a top priority.
In emerging markets where Hepatitis B infection rates are high and immunization programmers are being improved, there is a large scope for market development. There is a chance to increase vaccination coverage and decrease the number of injections necessary with the development of combination vaccines that provide protection against a variety of illnesses, including Hepatitis B. Market expansion is possible with initiatives to stop mother-to-child transmission of Hepatitis B through prenatal immunization.
CHALLENGES
Management of the cold chain & Supply and dissemination of vaccines.
Capacity for vaccine production.
The correct storage and transportation of hepatitis B vaccinations under certain temperature requirements can be difficult, especially in environments with limited resources. Accessibility of Hepatitis B vaccinations might be hampered by the difficulty of ensuring an adequate supply of vaccines and effective delivery networks to reach outlying locations. Manufacturers may find it difficult to meet the demand for Hepatitis B vaccinations on a worldwide scale while maintaining adequate production capacity.
IMPACT OF ONGOING RECESSION
The most common excuses given for not receiving a Hep B vaccination were lack of vaccine availability (32.6%), high vaccine cost (26.8%), worry about vaccine adverse effects (12.5%), lack of confidence in the quality of the vaccine (8.6%), awareness about vaccine locations (5.4%), and lack of time (2.9%). It is anticipated that the aggregate buying power would considerably affect emerging economies and is thought to be beneficial in many ways. The paper reveals how high inflation affects the long-term health of the global economy and offers information on the fiscal measures that may be taken to lessen its short-term effects on demand/supply, cash flow, and currency exchange. According to the Hepatitis B Vaccine Market research, there will be significant cost-push and demand-pull inflation in the future.
By Type
Single Antigen Vaccine
Combination Vaccine
By End users
Hospital
Clinics
Other
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin American
North America
Over the course of the forecast period, the North American market, which was valued at USD 3.2 billion in 2023, is anticipated to continue to dominate the worldwide market. Due to the rising prevalence of hepatitis B infections, the North American area now accounts for the biggest market share for hepatitis B vaccinations.
Europe
Europe is the second-most dominant area in terms of sales and market share. A sizable chunk of the hepatitis B vaccine industry was in Europe since European government authorities had implemented many regional action plans.
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The Major Players are GlaxoSmithKline, Gilead Science Inc., Merck & Co., Inc., Shenzhen Kangtai Biological Products Co., Ltd., Cyrus Poonawalla Group (Serum Institute of India Pvt.), Dynavax, Technologies Corporation, Sanofi, VBI Vaccines Inc., Meiji Group (KM Biologics), LG Chem Ltd., Indian Immunologicals Limited and others.
Sanofi:
Sanofi announced the acquisition of Bio Inc. in August 2021 in order to speed up the MRNA technology's adaptation for the study and creation of fresh vaccines. The company's R&D facility advanced as a result of this strategic purchase, and the pipeline of goods produced more effectively.
Gilead Science Inc:
Vir Biotechnology, Inc. and Gilead Science, Inc. worked together to create a novel combination medicine for the treatment of hepatitis B virus patients. This collaboration's primary goal is to assess several potential treatment combinations in the hopes of creating a new hepatitis B vaccine.
| Report Attributes | Details |
| Market Size in 2023 | US$ 8.26 Bn |
| Market Size by 2033 | US$ 11.84 Bn |
| CAGR | CAGR of 4.6% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Single Antigen Vaccine, Combination Vaccine) • By End users (Hospital, Clinics, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | GlaxoSmithKline, Gilead Science Inc., Merck & Co., Inc., Shenzhen Kangtai Biological Products Co., Ltd., Cyrus Poonawalla Group (Serum Institute of India Pvt.), Dynavax, Technologies Corporation, Sanofi, VBI Vaccines Inc., Meiji Group (KM Biologics), LG Chem Ltd., Indian Immunologicals Limited and others |
| Key Drivers | • Raising consciousness Government programmes • Increasing frequency technological progress. |
| Market Opportunities | • Developing nations & vaccinations in combination. • Focus on mother-to-child transmission as a top priority. |
Ans: The CAGR Growth rate of Hepatitis B Vaccine Market is approx. CAGR 4.6% for the forecast period of 2024-2031.
Ans: The projected market size of Hepatitis B Vaccine Market at USD 8.26 billion in 2023 and is poised to reach at 11.84 billion in 2031.
Ans: The major Key Players are GlaxoSmithKline, Gilead Science Inc., Merck & Co., Inc., Shenzhen Kangtai Biological Products Co., Ltd., Cyrus Poonawalla Group (Serum Institute of India Pvt.), Dynavax, Technologies Corporation, Sanofi, VBI Vaccines Inc., Meiji Group (KM Biologics), LG Chem Ltd., Indian Immunologicals Limited and others.
Ans: The high incidence of hepatitis B infection, along with the expanding population at risk, particularly newborns and healthcare professionals, is responsible for the north American hepatitis B vaccine market over 40.8% revenue share in 2022 and is projected to increase at a significant rate through 2030.
Ans: It is anticipated that widespread product approvals and high demand for mass immunization would accelerate the adoption of these products.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Ongoing Recession
4.1.1 Introduction
4.1.2 Impact on major economies
4.1.2.1 US
4.1.2.2 Canada
4.1.2.3 Germany
4.1.2.4 France
4.1.2.5 United Kingdom
4.1.2.6 China
4.1.2.7 Japan
4.1.2.8 South Korea
4.1.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Hepatitis B Vaccine Market Segmentation, By Type
8.1 Single Antigen Vaccine
8.2 Combination Vaccine
9. Hepatitis B Vaccine Market Segmentation, By End-User
9.1 Hospital
9.2 clinics
9.3 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Hepatitis B Vaccine Market, by country
10.2.2North America Hepatitis B Vaccine Market by Type
10.2.3 North America Hepatitis B Vaccine Market by End-User
10.2.4 USA
10.2.4.1 USA Hepatitis B Vaccine Market by Type
10.2.4.2 USA Hepatitis B Vaccine Market by End-User
10.2.7 Canada
10.2.7.1 Canada Hepatitis B Vaccine Market by Type
10.2.7.2 Canada Hepatitis B Vaccine Market by End-User
10.2.8 Mexico
10.2.8.1 Mexico Hepatitis B Vaccine Market by Type
10.2.8.2 Mexico Hepatitis B Vaccine Market by End-User
10.3 Europe
10.3.1 Europe Hepatitis B Vaccine Market by Country
1.3.3.2 Europe Hepatitis B Vaccine Market by Type
10.3.3 Europe Hepatitis B Vaccine Market by End-User
10.3.6 Germany
10.3.6.1 Germany Hepatitis B Vaccine Market by Type
10.3.6.2 Germany Hepatitis B Vaccine Market by End-User
10.3.7 UK
10.3.7.1 UK Hepatitis B Vaccine Market by Type
10.3.7.2 UK Hepatitis B Vaccine Market by End-User
10.3.8 France
10.3.8.1 France Hepatitis B Vaccine Market by Type
10.3.8.2 France Hepatitis B Vaccine Market by End-User
10.3.9 Italy
10.3.9.1 Italy Hepatitis B Vaccine Market by Type
10.3.9.2 Italy Hepatitis B Vaccine Market by End-User
10.3.10 Spain
10.3.10.1 Spain Hepatitis B Vaccine Market by Type
10.3.10.2 Spain Hepatitis B Vaccine Market by End-User
10.3.11 The Netherlands
10.3.11.1 Netherlands Hepatitis B Vaccine Market by Type
10.3.11.2 Netherlands Hepatitis B Vaccine Market by End-User
10.3.12 Rest of Europe
10.3.12.1 Rest of Europe Hepatitis B Vaccine Market by Type
10.3.12.2 Rest of Europe Hepatitis B Vaccine Market by End-User
10.4 Asia-Pacific
10.4.1 Asia Pacific Hepatitis B Vaccine Market by Country
10.4.2 Asia Pacific Hepatitis B Vaccine Market by Type
10.4.3 Asia Pacific Hepatitis B Vaccine Market by End-User
10.4.6 Japan
10.4.6.1 Japan Hepatitis B Vaccine Market by Type
10.4.6.2 Japan Hepatitis B Vaccine Market by End-User
10.4.7 South Korea
10.4.7.1 South Korea Hepatitis B Vaccine Market by Type
10.4.7.2 South Korea Hepatitis B Vaccine Market by End-User
10.4.8 China
10.4.8.1 China Hepatitis B Vaccine Market by Type
10.4.8.2 China Hepatitis B Vaccine Market by End-User
10.4.9 India
10.4.9.1 India Hepatitis B Vaccine Market by Type
10.4.9.2 India Hepatitis B Vaccine Market by End-User
10.4.10 Australia
10.4.10.1 Australia Hepatitis B Vaccine Market by Type
10.4.10.2 Australia Hepatitis B Vaccine Market by End-User
10.4.11 Rest of Asia-Pacific
10.4.11.1 APAC Hepatitis B Vaccine Market by Type
10.4.11.2 APAC Hepatitis B Vaccine Market by End-User
10.5 The Middle East & Africa
10.5.1 The Middle East & Africa Hepatitis B Vaccine Market by Country
10.5.2 The Middle East & Africa Hepatitis B Vaccine Market by Type
10.5.3 The Middle East & Africa Hepatitis B Vaccine Market by End-User
10.5.6 Israel
10.5.6.1 Israel Hepatitis B Vaccine Market by Type
10.5.6.2 Israel Hepatitis B Vaccine Market by End-User
10.5.7 UAE
10.5.7.1 UAE Hepatitis B Vaccine Market by Type
10.5.7.2 UAE Hepatitis B Vaccine Market by End-User
10.5.8 South Africa
10.5.8.1 South Africa Hepatitis B Vaccine Market by Type
10.5.8.2 South Africa Hepatitis B Vaccine Market by End-User
10.5.9 Rest of Middle East & Africa
10.5.9.1 Rest of Middle East & Asia Hepatitis B Vaccine Market by Type
10.5.9.2 Rest of Middle East & Asia Hepatitis B Vaccine Market by End-User
10.6 Latin America
10.6.1 Latin America Hepatitis B Vaccine Market by Country
10.6.2 Latin America Hepatitis B Vaccine Market by Type
10.6.3 Latin America Hepatitis B Vaccine Market by End-User
10.6.6 Brazil
10.6.6.1 Brazil Hepatitis B Vaccine Market by Type
10.6.6.2 Brazil Africa Hepatitis B Vaccine Market by End-User
10.6.7 Argentina
10.6.7.1 Argentina Hepatitis B Vaccine Market by Type
10.6.7.2 Argentina Hepatitis B Vaccine Market by End-User
10.6.8 Rest of Latin America
10.6.8.1 Rest of Latin America Hepatitis B Vaccine Market by Type
10.6.8.2 Rest of Latin America Hepatitis B Vaccine Market by End-User
11. Company profile
11.1 Eli Lilly and Company,
11.1.1 Market Overview
11.1.2 Financials
11.1.3 Treatment/Services/Offerings
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Celgene Corporation
11.2.1 Market Overview
11.2.2 Financials
11.2.3 Treatment/Services/Offerings
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 F. Hoffmann-La Roche AG
11.3.1 Market Overview
11.3.2 Financials
11.3.3 Treatment/Services/Offerings
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Amgen Inc.
11.4.1 Market Overview
11.4.2 Financials
11.4.3 Treatment/Services/Offerings
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Novartis AG.
11.5.1 Market Overview
11.5.2 Financials
11.5.3 Treatment/Services/Offerings
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Pharmacy Biotech Inc.
11.6.1 Market Overview
11.6.2 Financials
11.6.3 Treatment/Services/Offerings
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Clovis Oncology.
11.7.1 Market Overview
11.7.2 Financials
11.7.3 Treatment/Services/Offerings
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Teva Pharmaceutical Industries Ltd.
11.8.1 Market Overview
11.8.2 Financials
11.8.3 Treatment/Services/Offerings
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Merck & Co., Inc.
11.9.1 Market Overview
11.9.2 Financials
11.9.3 Treatment/Services/Offerings
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Pfizer, Inc.
11.10.1 Market Overview
11.10.2 Financials
11.10.3 Treatment/Services/Offerings
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
13. Use Case and Best Practices
14. Conclusion
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