China Vaccine Market Analysis

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  • Type: Common Disease Area
  • Published : April 2021
  • Region: Asia
  • Country: China
  • Report ID : 1671

  • Format: PPT, PDF

China Vaccine Market: Segmented by Technology (Conjugate Vaccine, Inactivated and Subunit Vaccines, Live Attenuated Vaccines, Recombinant, and Toxoids Vaccines) and by Route of Administration (Intramuscular and Subcutaneous Administration, Oral Administration, and Others) – Growth, Trends, and Forecasts (2019 – 2028)

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Report Overview

The China vaccine market size stood at around USD 6.375 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

China is one of the world’s most populous countries, and the recent uplifting of its one-child policy has consequently shifted the demographic of the country, making it a vaccination industry lucrative market for healthcare manufacturers. To strengthen the healthcare system for new-borns and children to the age of 14, the government has attempted to make the most common vaccinations like DTP (Diphtheria, tetanus, pertussis), MMR (Measles, Mumps, and Rubella), hepatitis A and B, meningococcal and polio vaccines compulsory and readily accessible.

China’s vaccine market is divided into public and private vaccine markets. The public market is classified by Category 1 whereas and Private vaccines included in Category 2. Vaccines in the public market are regulated by the PRC government and generally given free of cost by the provincial CDC whereas the private vaccine market is dominating by private vaccine companies. As a result, private vaccine prices are higher. China’s vaccine market has faced several scandals in the past couple of years which certainly hinder the vaccine market growth.

Market Drivers

The factors contributing to or driving the growth of the Vaccine market in China are the advancement in the quality of vaccines, the Growing number of aging populations, increased awareness among the consumers regarding healthcare, Government policies, and expenditure for the development of vaccines. Also, the Affordability of vaccines by the end consumers and & expertise in the raw materials contribute to the development of Vaccine market size in China.

R&D capabilities, stringent quality management system, long development time frame, and large intensive capital requirement can be considered as the challenges for the growth of the vaccine market in China.

 

1. China Vaccine Market Overview……………………………………………………………..
A. Market Size
2. Market Growth Drivers………………………………………………………………….
A. Increasing Geriatric population
B. Government policies and expenditures
C. Affordability of vaccines in China & expertise in the raw materials
3. Vaccine by Disease Area……………………………………………………………….
A. Pneumococcal
B. Influenza
C. DTP
D. Rotavirus
E. TT
F. Polio
G. MMR
H. Varicella
I. Dengue
J. TB
K. Shingles
L. Rabies
4. Vaccine Market Segmentation………………………………………………………………
A. By Technology
I. Conjugate vaccines
II. Inactivated and subunit vaccines
III. Live attenuated vaccines
IV. Recombinant vaccines
V. Toxoid vaccines
B. By Route of administration
I. Intramuscular and subcutaneous administration
II. Oral administration
III. Others
5. Vaccines Major Products Market Share……………………………………………
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………..
A. GSK Company overview, Product & Services, Strategies & Financials
B. MSD Company overview, Product & Services, Strategies & Financials
C. Pfizer Company, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape…………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth………………………………………………………
A. New Trends and Development of the vaccine market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Technology:

The Vaccine market in China is divided into conjugate vaccines which combine a weak antigen with a strong antigen as a carrier to minimize the effect. Other vaccines which work on different technology are inactivated and subunit vaccines, live attenuated vaccines, recombinant vaccines, and toxoids vaccines. The technology or the mechanism in which this act is different from others and hence is segmented as technology.

By Route of Administration:

Based on the route of administration, the vaccine is injected into the body depending on the different ways. The first way is intramuscular and subcutaneous administration, oral administration, and lastly the other possible routes of administrations.

Top 5 Major Players

The vaccine market in China is majorly segmented into local and global players. The major global players of this market are GSK, MSD, Pfizer, Sanofi Pasteur, and Novartis, While the local market which dominates in these segments are Changsheng, Zhifei, Kangtai, Walvax, etc.

 

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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