Nasal vaccines Market Overview:
The global nasal vaccines market is lucrative and is anticipated to register to boost growth with the progressing R&D, Coronavirus emergence, past paced clinical trials and increasing prevalence of other respiratory infections.
Surging cases of respiratory infections such as Streptococcus, Enterobacteriaceae, and viral such as Haemophilus influenza, Coronavirus, Adenovirus and others are propelling the nasal vaccines market growth. Also, the advantageous properties of nasal vaccines, increased compliance, key players and R&D progress are promoting the market growth.
Nasal vaccines emerges as a viable vaccine delivery alternate due to its non-invasiveness, better absorption in microvilli surface, protection from infection at entry site and elicits both mucosal systemic immune response. Drug manufacturers are working with the novel strategy of nasal vaccines development including live-attenuated-pathogen, adjuvants, nanoparticles, mucoadhesives, viruses-like-particles, DNA-vaccines and lipid-based-particulates.
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The key players of nasal vaccines market include
- Sanofi
- AstraZeneca
- Abbott
- GlaxoSmithKline
- Serum Institute of India
- Bharat Biotech
- Antares Pharma
- INJEX Pharma GmbH
- BioDiem
- PharmaJet and Crossject
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Key Segments:
The global nasal vaccines market is segmented into types, applications, dosage form and regions.
Types :
- Flu Vaccines
- COVID-19 Vaccines
- Other Vaccines
Applications :
- Adult
- Children
Dosage Form :
- Adult
- Children
Regional analysis includes
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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By applications, children lead the nasal vaccines application segment due to the high efficacy. Immunose™ FLU approved for influenza for children and FluMist nasal spray is more effective in children than adults. By dosage form, nasal spray vaccine dominates the nasal vaccines market with the giant market of influenza, Alzheimer’s disease, swine flu and adenovirus, also the rigorous R&D for COVID-19 vaccine development have a deliberated focus on nasal spray vaccines.
Regional Market Analysis:
Europe holds the largest global nasal vaccines market due to their advanced nasal vaccine delivery systems, high compliance, surging tolls of COVID-19 and other respiratory infections and government support. Europe has experienced diverse COVID-19 outbreaks, along with the increased investment into nasal vaccines R&D for COVID-19.
Asia-pacific region holds the significant global nasal vaccines market with the fastest growth attributed by the rigorous R&D, regional market players, the active collaboration of government and drug manufacturers to develop a vaccine for threatening viral pandemic, COVID-19 and others respiratory infections.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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