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2022
Mumps Vaccine Market

Mumps Vaccine Market, by Age Group (Pediatric and Adult) and Distribution Channel (Hospitals Pharmacies, Drug Stores, and Retail Pharmacies): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Mar 2022 | 35 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Measles, Mumps, and Rubella (MMR) vaccinations are a mixture of live viruses that are injected. The live viruses are inactivate and cannot reproduce in human cells while the immune system responds and defends against the infection. The MMR vaccine has a long-term effect. The MMR vaccine causes fever, rash, cough, body pain, headache, nausea and severe consequences such as ovaries and testicles infection, deafness, and in rare cases it leads to death.

The first dosage of the MMR vaccine is given to babies between ages of 12 and 15 months while the second dose is given between ages of 3 and 4 years. The virus replicates in the respiratory system and spreads to others via respiratory secretions in enclosed spaces such as schools and offices via aerosolized droplets. The typical onset of symptoms, which is mainly fever, occurs 10-12 days after the infection. Individuals on immunosuppressive medications, on the other hand, should not receive MMR immunizations since the virus can proliferate and cause illnesses.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Product Type, Application, End User, and Region

   Companies Covered

MedImmune, Johnson & Johnson Private Limited, Merck & Co., Inc., Sanofi, Serum Institute of India Pvt. Ltd., Bavarian Nordic, Astellas Pharma India Private Limited, CSL Limited, Emergent BioSolutions Inc., and GlaxoSmithKline plc.

 

COVID-19 Impact Analysis

The current COVID-19 pandemic is growing and spreading at an alarming rate globally. However, the infection rate has varied widely among countries, and it is believed that this variation may be related to the immunization programme implemented in each country. For example, Gold's epidemiological research found that the frequency of COVID-19 cases is lower in nations where live virus vaccines, such as measles, mumps, rubella (MMR), are routinely administered to all age groups, including the adult population. Massive attempts are currently being made to create a vaccine against the virus in order to control the pandemic. Because of the potential difficulties in developing a new vaccine targeting SARS-CoV-2, there also is an increase in interest in repurposing existing vaccinations. As a result, COVID-19 has a favorable impact on the global mumps vaccine market.

Top Impacting Factors

  • The surge in the number of patients with the autoimmune disease increased focus on immunization programs and the increase in vaccine awareness among consumers will drive the mumps vaccine market globally. 
  • The increase in the number of cases and the prevalence of measles, mumps, and rubella (MMR) drives the mumps vaccine market.
  • The high prevalence of pneumococcal infections, stringent regulations, and patient safety are expected to drive market expansion during the forecast period.
  • Furthermore, the expansion of healthcare providers in emerging markets provides an opportunity for vaccine manufacturers that propels the market growth.
  • The increase in usage of MMR vaccination globally to prevent COVID-19 and combination vaccines drive the mumps vaccine market.
  • However, the high cost of vaccine development, a lack of information, and vaccination availability in rural areas are factors that are expected to hamper the growth of the global mumps vaccine market during the forecasted years.

Market Trends

New Product Launches to Flourish Mumps Vaccine Market

In June 2020, Merck & Co., Inc. announced the completion of the acquisition of Themis, a privately-held company focused on vaccines and immune-modulation therapies for infectious diseases and cancer. The U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and Merck received merger control clearance from the Austrian Federal Competition Authority. An initial focus of this agreement is acceleration of the development of a measles vector-based SARS-CoV-2 vaccine candidate. This candidate is currently in pre-clinical development, and clinical studies are planned to start later in 2020.
 

Key Benefits of Report

  • This study presents the analytical depiction of the mumps vaccine along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the mumps vaccine market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the mumps vaccine market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the mumps vaccine market.
  • The report provides a detailed mumps vaccine market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in Mumps Vaccine Market Report

  • Who are the leading market players active in the mumps vaccine market?
  • What current trends will influence the mumps vaccine market in the next few years?
  • What are the driving factors, restraints, and opportunities in the mumps vaccine market?

Key Market Segments

Segments Sub-segments
Age Group
  • Pediatric
  • Adult
Distribution channel
  • Hospitals Pharmacies
  • Drug Stores
  • Retail Pharmacies
Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 
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