Lewes, DE -- (ReleaseWire) -- 03/27/2014 -- The global hepatitis B virus (HBV) vaccine market value will experience modest growth over the coming years, climbing from approximately $959.9 million in 2012 to $1.19 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 2.2%, according to a new report.
The latest report states that out of the eight major markets — the US, Canada, France, Germany, Italy, Spain, the UK and Japan — the majority of HBV vaccine sales will take place in the US, which will boast a higher CAGR of 3.4% and expand its market share from 55% to 61.7% during the forecast period. The US will be followed by Canada and the five European countries, with expected CAGRs of 1% and 0.5%, respectively.
According to research, the growth in HBV vaccine sales will result from the launch of Dynavax Technologies’ Heplisav and Sanofi Pasteur MSD’s Hexyon, with peak-year sales anticipated to reach $85 million and $520 million, respectively.
Christopher Pace, Ph.D., Analyst covering Infectious Diseases, says: “Dynavax hopes to leverage Heplisav’s superior immunogenicity and dosing regimen to increase HBV vaccine uptake in the adult market. On the other hand, Sanofi Pasteur MSD is positioning Hexyon to be the first fully liquid pediatric hexavalent vaccine.”
However, research believes that inadequate HBV vaccination coverage rates in certain high-risk populations represents one of the most important unmet needs in the marketplace.
Pace says: “In the pediatric segment, companies are leveraging combination vaccines to increase HBV vaccine uptake, while improved dosing regimens are necessary to increase vaccination coverage rates in adults.
“For both children and adults, these companies must ensure that physicians understand immunization recommendations and are able to effectively identify patients. Overall, ensuring high coverage rates will be essential to the commercial success of HBV vaccines during the forecast period.”
This report provides an overview of hepatitis B virus (HBV), including etiology, general symptoms from infection, and country-specific immunization recommendations and vaccination coverage data. It also gives annualized HBV vaccine market revenue, annual cost of vaccination and treatment usage pattern data from 2012 to 2022.
Read more about this report: http://mrr.cm/ZU3
Browse more detailed reports in our diseases section at: http://www.marketresearchreports.com/diseases
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