DALLAS, July 21, 2015 /PRNewswire/ --
According to the new market research report The "Vaccine Market by Technology (Live Attenuated, Toxoid, Conjugate, Subunit, Synthetic, Dendritic Cell, Inactivated), Type (Preventive, Therapeutic), End User (Pediatrics, Adults), Disease Indication (Infectious Disease, Cancer, Allergy) - Forecasts to 2019", published by MarketsandMarkets, the global Vaccines Market is expected to reach $57,885.4 Million by 2019 from $33,140.6 Million in 2014, at a CAGR of 11.8% from 2014 to 2019.
Browse 145 Market Data Tables and 65 Figures spread through 220 Pages and in-depth TOC on "Vaccine Market"
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The Vaccines Market is fragmented due to the presence of a few big players and several small players. Prominent players in the Vaccines Market include Bavarian Nordic (Denmark), CSL Limited (Australia), Emergent BioSolutions Inc. (U.S.), GlaxoSmithKline, plc. (U.K.), Johnson and Johnson (U.S.), MedImmune, LLC (U.S.), Merck and Company (U.S.), Novartis AG (Switzerland), Pfizer, Inc. (U.S.), and Sanofi Pasteur (France).
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GlaxoSmithKline, plc. dominated the Vaccines Market in 2013. The company focuses on both organic as well as well as inorganic growth strategies for enhancing its market position. In April 2014, GlaxoSmithKline signed an agreement with Novartis AG (Switzerland) to acquire the vaccine division of Novartis. This acquisition helped GlaxoSmithKline to become a leader in the Vaccines Market by adding various Novartis vaccine products to its product portfolio. The company is innovation centric and invests heavily in R&D for maintaining its market share. In this regard, in 2013, the company invested $775.2 million in R&D.
The key strategies followed by most companies in the Vaccines Market are acquisitions; regulatory approvals; and agreements, collaborations, and partnerships. The strategy of agreements, collaborations, and partnerships accounted for the largest share of the overall growth strategies mapped from 2012 to 2014. Some of the leading players that adopted this strategy include GlaxoSmithKline, plc. (U.K.), Merck and Company (U.S.), Novartis AG (Switzerland), and Sanofi Pasteur (France). Regulatory approvals accounted for the second-largest share of the overall growth strategies adopted by players in the market.
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