Stringent Government Recommendations to Augment Demand for Vaccines in the U.S. for Humans and Animals Transparency Market Research has recently announced the publication of a new market research study, titled “U.S. Vaccine Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020�. According to the research report, the U.S. vaccine market is anticipated to exhibit a 4.30% CAGR between 2014 and 2020. The market research report on the U.S. vaccine market is an effort to provide a comprehensive analysis including market overview, product segmentation, market trends, and vendor analysis.
Over the past few years, the U.S. vaccine market has gained traction and is anticipated to be amongst the fastest-growing markets in the U.S. healthcare sector. Vaccination has been a significant public health aid and has saved lives of millions of adults, animals, and children. Various studies show that the current immunization schedules prevent about 14 million infection cases, rescues nearly 33,000 lives, and saves tens of billions of dollars in healthcare expenditure per year. The demand for vaccines is increasing every year, thanks to the government initiatives. According to a survey by the National Immunization Survey-Teen (NIS-Teen), from 2013 to 2014, vaccination coverage among adolescents aged 13-17 years have increased from 76.6% to 79.3% for meningococcal conjugate (MenACWY) vaccine dose and from 84.7% to 87.6% for tetanus-diphtheria-acellular pertusis (Tdap) vaccine dose. As per a report by Transparency Market Research (TMR), the U.S. vaccine market is estimated to expand at a CAGR of 4.3% from 2014 to 2020. TMR analysts state that the consistent efforts of government and various NGOs in controlling diseases such as tetanus rubella, and measles is likely to spur the demand for vaccines. Research Report: http://www.transparencymarketresearch.com/us-vaccine-market.html Which factors are likely to boost the growth of the U.S. vaccine market? The U.S. vaccine market is broadly categorized into human and animal vaccines. The human vaccine segment is anticipated to expand owing to increasing awareness regarding vaccination among healthcare providers as well as common masses. Vaccination lowers the impact of serious and fatal side effects, thereby fuelling the demand for these vaccines. Another factor boosting the growth of the U.S. human vaccine market is the strict recommendations by federal government and physicians for immunization against certain diseases.