RSV VACCINE MARKET
As per Roots Analysis, the global RSV vaccine market size is worth USD 1,149 million in the current year and is expected to be worth USD 731 million by 2040.
The opportunity for RSV vaccine market has been distributed across the following segments:
Type of Vaccine
- Subunit / Viral-like-Particle (VLP) Vaccines
- Live Attenuated Vaccines
- mRNA Vaccines
Route of Administration
- Intramuscular
- Other Routes
Target Patient Population
- Elderly Individuals
- Infants / Children
- Pregnant Individuals
Distribution Channel
- Pharmacies and Drug Stores
- Government / Institutional Suppliers
- Others
Key Geographical Regions
RSV VACCINE MARKET: GROWTH AND TRENDS
Respiratory Syncytial Virus (RSV) is a common virus spreading lower respiratory tract infections in infants, older adults, and immunocompromised individuals. This virus is recognized as a highly contagious respiratory pathogen, which contributes to severe illness and mortality across the globe. According to the WHO, around 33 million new cases of RSV infections are emerging annually in children under the age of five across the globe. This can be attributed to the lack of effective treatment options for RSV infections.
Currently, several preventive measures, such as over-the-counter medications, nasal sprays, and humidifiers are being used for the treatment of RSV infections. However, they only provide symptomatic relief, making vaccines a promising alternative that offers safe, effective and targeted treatment to patients. These vaccines have the potential to minimize hospitalization rates, complications, and mortality rates related to RSV infections as well as other respiratory illnesses, such as bronchitis and pneumonia.
Driven by technological advancements, including the use of mRNA and nanoparticle technology for developing RSV vaccines, these vaccines are providing long lasting immunity and effective treatment against RSV infections. Moreover, owing to the increased research and development efforts and rising number of clinical trials for RSV treatment, the demand for RSV vaccines is anticipated to rise, positioning the market for healthy growth in the forthcoming years.
RSV VACCINE MARKET: KEY INSIGHTS
The report delves into the current state of the RSV vaccine market and identifies potential growth opportunities within the industry. Some key findings from the report include:
- Presently, more than 70 RSV vaccines are being developed using various technologies; notably, over 60% of these vaccines are under investigation in different clinical trial phases.
- The rising demand for RSV vaccines has led to a notable increase in the vaccine pipeline, with around 65 vaccines currently under preclinical and clinical stages of development.
- A sizeable increase in the number of registered clinical trials has been observed in recent years; over 85% of the trials evaluating RSV vaccines have been sponsored by industry players.
- Since 2020, more than 330 patents have been filed / granted in the RSV vaccines domain; further, the majority of the patents were filed in North America (>50%).
- The growing prevalence of respiratory syncytial virus infections, coupled with the increasing pace of technological advancements is driving the RSV vaccines market and positioning it for steady growth in the foreseeable future.
- The overall opportunity within the RSV vaccine market is anticipated to be well distributed across various key geographical regions, types of vaccines, routes of administration, target patient populations and distribution channels.
RSV VACCINE MARKET: KEY SEGMENTS
Subunit / Viral-Like-Particle (VLP) Vaccines are Likely to Dominate the RSV Vaccine Market During the Forecast Period
Based on the types of vaccines, the global RSV vaccine market is segmented into subunit / viral-like-particle (VLP) vaccines, live attenuated vaccines and mRNA vaccines. Currently, the majority share of the RSV vaccine market is captured by subunit / Viral-Like-Particle (VLP) vaccines, owing to the strong immunogenic response produced by these vaccines since they are morphologically similar to their parent virus.
Vaccines Administered through Intramuscular Route are Likely to Hold the Largest Share of the RSV Vaccine Market during the Forecast Period
Based on the route of administration, the global RSV vaccine market is distributed across intramuscular and other routes. Currently, the vaccines administered through the intramuscular route are likely to dominate the overall market. This can be attributed to their high bioavailability, which ensures efficient absorption, along with reduced side effects, making them a safer and more effective option for patients.
By Target Patient Population, RSV Vaccines Developed for Elderly Individuals are Likely to Dominate the Market during the Forecast Period
Based on the target patient population, the global RSV vaccine market is segmented into elderly individuals, infants / children and pregnant individuals. The current RSV vaccine market is likely to be dominated by elderly individuals' segment. This can be attributed to the fact that elderly individuals are highly susceptible to respiratory diseases, specifically during RSV season.
By Type of Material, Stainless Steel Segment is Likely to Dominate the Market During the Forecast Period
Based on the distribution channel, the global RSV vaccine market is segmented into pharmacies and drug stores, government / institutional suppliers and others. Notably, the pharmacies and drug stores segment are likely to dominate the RSV vaccine market during the forecast period. This can be attributed to their convenience and widespread accessibility, along with the rising authorization of pharmacists to administer vaccines which has contributed to increased vaccination rates.
North America Accounts for the Largest Share of the Market
Based on key geographical regions, the market is segmented into North America and Europe. In the current scenario, North America is likely to capture the largest market share which can be attributed to the growing incidences of respiratory infections, robust regulatory frameworks, and advanced healthcare infrastructure in this region.
Example Players in the RSV Vaccine Market
- AIM Vaccine
- Beijing Advaccine Biotechnology
- CureVac
- Daiichi Sankyo
- GlaxoSmithKline
- Icosavax (A company of AstraZeneca)
- Johnson & Johnson
- KM Biologics
- MedImmune (A part of AstraZeneca)
- Moderna
- Pfizer
- Sanofi
- SK Bioscience
RSV VACCINE MARKET: RESEARCH COVERAGE
The report on the RSV vaccine market features insights on various sections, including:
- Market Sizing and Opportunity Analysis: An in-depth analysis of the RSV vaccine market, focusing on key market segments, including [A] type of vaccine, [B] route of administration, [C] target patient population, [D] distribution channel, and [E] key geographical regions and [F] leading players.
- Market Impact Analysis: A thorough analysis of various factors, such as drivers, restraints, opportunities, and existing challenges that are likely to impact market growth.
- RSV Vaccines Market Landscape: A comprehensive evaluation of various RSV vaccines, based on several relevant parameters, such as [A] stage of development, [B] route of administration, [C] type of vaccine, [D] type of protein targeted, [E] type of immunization, and [F] target patient population. This section also includes an evaluation of the companies engaged in developing RSV vaccines, based on several relevant parameters, such as [A] year of establishment, [B] company size, [C] location of headquarters.
- Product Competitiveness Analysis: An insightful competitiveness analysis of various RSV vaccines based on various relevant parameters, such as [A] developer strength, [B] product competitiveness, and [C] portfolio diversity.
- Company Profiles: Elaborate profiles of prominent RSV vaccine developers across various geographies, including North America, Europe, Asia-Pacific, providing details on [A] company overview, [B] financial information (if available), [C] product portfolio, [D] recent developments and [E] an informed future outlook.
- Clinical Trial Analysis: A detailed assessment of clinical trials that have been published for various types of RSV vaccines, based on various relevant parameters, such as [A] trial registration year, [B] trial status, [C] trial phase, [D] study design, [E] type of sponsor / collaborator, [F] gender, [G] target patient population, [H] leading players and [I] geography.
- Patent Analysis: An in-depth analysis of patents filed / granted till date in the RSV vaccine domain, based on various relevant parameters, such as [A] type of patent, [B] publication year, [C] patent application year, [D] CPC symbols, [E] patent jurisdiction, [F] type of applicant, [G] leading industry players, [H] leading industry players, [I] patent benchmarking, [J] patent age, and [K] patent valuation analysis.
- FDA Approval Strategies: A detailed overview of various competitive strategies that can be incorporated by the RSV vaccine developers in order to expedite the FDA approval process of their proprietary vaccines. The section also provides information on several stakeholders undertaking various initiatives, including awards / grants, partnerships, and expanding intellectual properties.
KEY QUESTIONS ANSWERED IN THIS REPORT
- How many companies are currently engaged in this market?
- Which are the leading companies in this market?
- What factors are likely to influence the evolution of this market?
- What is the current and future market size?
- What is the CAGR of this market?
- How is the current and future market opportunity likely to be distributed across key market segments?
- What is the patent filing activity trend in the market?
REASONS TO BUY THIS REPORT
- The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
- Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
- The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.
ADDITIONAL BENEFITS
- Complimentary Excel Data Packs for all Analytical Modules in the Report
- 10% Free Content Customization
- Detailed Report Walkthrough Session with Research Team
- Free Updated report if the report is 6-12 months old or older