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A vaccine refers to a biological preparation designed to deliver active acquired immunity against a specific infectious or malignant disease. These products train the immune system to generate antibodies to fight against serious and often deadly diseases. The rising burden of infectious diseases and growing recognition of the benefits of vaccination are contributing to the market demand. Further, the increasing public-private partnerships and the presence of robust regulatory support are poised to bolster the market growth. Moreover, an increase in the government programs that enable routine immunization of newborns and children is projected to impact the market dynamics.
Infectious diseases pose a significant challenge to public health in India due to factors such as poor sanitation and lack of clean drinking water. Recent data reveals around 1.2 billion people in India are prone to falling sick owing to communicable diseases. The increasing prevalence of infectious diseases, such as tuberculosis and malaria, is a key factor driving the demand for vaccines in India. Additionally, the growing focus on preventive healthcare and the rise in government awareness campaigns are leading to higher vaccination rates and are expected to augment the market demand in the forecast period.
Based on type, the market segmentation includes monovalent and multivalent vaccines. Monovalent vaccines, such as the measles vaccine, consist of a single strain of a single antigen and thus protect against a single microorganism or antigen. On the other hand, multivalent vaccines comprise two or more serotypes of the same antigen and are often more protective and immunogenic compared to monovalent vaccines.
The market report also offers insights based on disease type, technology, patient type, route of administration, and end user.
The market report offers insight into various geographical locations in India, including North India, South India, East India, and West India. The Northern region of India is a major market for vaccines owing to the high population density in states like Uttar Pradesh and Rajasthan, propelling the demand for adult and pediatric vaccines. The rise in the number of government-funded immunization programs also supports the market expansion in the region. Moreover, the increasing focus on improving healthcare access and infrastructure is anticipated to bolster the market demand in the region.
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