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The market for human papillomavirus (HPV) vaccine is being aided by the growing cases of HPV-related cancers and diseases. The introduction of various favourable government initiatives to reduce the burden of cancer and other diseases caused by HPV types is also surging the demand for human papillomavirus (HPV) vaccines. The increasing launches of gender-neutral human papillomavirus (HPV) vaccines are also bolstering the market growth. Furthermore, leading companies are increasingly initiating various research and development (R&D) activities to manufacture low-cost human papillomavirus (HPV) vaccines against cervical cancers. Hence, the availability of low-cost human papillomavirus (HPV) vaccines is expected to surge its demand in middle-and-low-income countries.
The emerging evidence regarding the efficacy of single-dose human papillomavirus (HPV) vaccines is driving the market. In addition, single-dose vaccines are cost-effective, less resource initiative, and easy to administer, due to which they are increasingly preferred. With the increasing focus for eliminating cervical cancers by introducing various programmes such as the Cervical Cancer Elimination Initiative by the WHO, the utilisation of human papillomavirus (HPV) vaccines is rising.
Merck & Co., Inc. (NYSE: MRK), one of the leading companies in the market, announced in June 2020 that an expanded indication for GARDASIL®9, a recombinant human papillomavirus 9-valent vaccine, has been approved by the Food and Drug Administration (FDA) of the United States. The approval for the indication may be contingent upon the description and verification of clinical benefit in a confirmatory trial. The approval of this vaccine for the prevention of HPV-related oropharyngeal and other neck and head cancers marks a significant step in the company’s mission to reduce the prevalence of HPV-related cancers.
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The major players in the global human papillomavirus (HPV) vaccine market are Merck & Co., Inc., GlaxoSmithKline plc., Johnson & Johnson Services, Inc., Serum Institute of India Pvt. Ltd., and Bavarian Nordic A/S, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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