As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The market for vaccine in the United States is being aided by the increasing research activities in genetic engineering and biotechnology to determine the genotype of antigens. This is also expected to increase the development of critical vaccines like parasitic and bacterial to prevent the risk of infection of chronic diseases, such as cancer, pulmonary obstructive chronic disease (PCOS), and acquired immunodeficiency syndrome (AIDS), among others. Moreover, the increasing clinical trials to determine the efficacy of vaccines and prevent the risk of side effects are expected to fuel the growth of the market. The surging use of the latest technologies, such as machine learning and artificial intelligence (AI), to automate various research activities while providing meaningful insights to accelerate vaccine development is projected to further propel the growth of the vaccine industry in the forecast period.
Pfizer Inc. (NYSE: PFE), one of the leading companies in the market, along with BioNTech, announced in September 2021 that the booster dose of the Pfizer-BioNTech COVID-19 vaccine is authorised by the Food and Drug Administration (FDA) of the United States for emergency use. The shot is authorised for individuals above or 65 years of age and at high risk of COVID-19 infection in individuals of 18-64 years with comorbidities or frequent exposure to the novel virus. The authorisation is based on the clinical data that support the clinical understanding that a booster shot provides enhanced protection against variants of SARS-CoV-2 to prevent fatality and complications in the case of COVID-19 infection. The companies are expected to supply boosters to the United States government through April 2022 under their supply agreement. Such developments are expected to aid the market growth.
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The major players in the United States vaccine market are GlaxoSmithKline plc, Merck & Co., Inc., Novartis AG, Pfizer Inc., Sanofi, AstraZeneca plc, and Johnson & Johnson Services, Inc., 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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