Respiratory Virus Vaccines R&D Focused on COVID-19 Efforts: Fact.MR

Respiratory Virus Vaccines R&D Focused on COVID-19 Efforts: Fact.MR

PR Newswire

NEW YORK, Feb. 18, 2021

NEW YORK, Feb. 18, 2021 /PRNewswire/ -- Award winning market research company has published a report on the global respiratory virus vaccines market. As per the study, R&D on respiratory vaccines is focused on COVID-19 at the moment, however, the long-term outlook remains positive. Learning from the impact of COVID-19, governments around the globe are focusing on developing adequate treatment options for respiratory vaccines.

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With over 110 million active cases globally, pharmaceutical companies are racing against time to introduce potential vaccine candidates. Breakthroughs have manifested themselves in the form of three final products: the Pfizer-BioNTech COVID-19 vaccine, COVAXINTM and Covishield. While inoculation procedures are underway across Europe and North America, the aforementioned candidates are anticipated to knock on the doors of all continents in the current financial year.

With worldwide supply chain disruptions experienced thraoughout 2020, leading manufacturers are seeking to diversify their supply chain bases. Since the past few decades, procurement from low-cost destinations comprised the primary expansion strategy for leading multinational firms. For instance, in 2020, Japan announced a US$ 2.2 billion fundraising to assist healthcare companies to shift their base away from China, followed by the US which deployed a similar tactic.

Countries such as Thailand, India, Vietnam and other South East Asian countries are the preferred destinations. Such initiatives are expected to assist respiratory virus manufacturers to enhance their research & development capacities in the long-run.

"The rapidly mutating nature of different virus species is leading to the emergence of numerous life-threatening respiratory diseases, with COVID-19 occupying center stage presently. This is prompting healthcare companies to augment their R&D capacities by initiating various clinical trials for new drug and vaccine candidates," says a Fact.MR analyst.  

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Key Takeaways from Fact.MR's Respiratory Virus Vaccines Market Study

Competitive Landscape

Prominent respiratory virus vaccine manufacturers profiled by Fact.MR include, but are not limited to, Bharat Biotech, CSL Limited, Sanofi, AstraZeneca, GlaxoSmithKline Plc., Merck & Co. Inc., Serum Institute of India Pvt. Ltd. and Sinovac Biotech Ltd. Continuous research and clinical trials to verify the efficacy of potential vaccine candidates are driving business prospects for the aforementioned providers.

Presently, all manufacturers have reoriented their priorities by accelerating research capacities to develop an effective vaccine to eradicate the COVID-19 pandemic. For instance, Bharat Biotech and Ocugen Inc. successfully inked a definitive agreement for commercializing COVAXINTM, an advanced stage whole-virion inactivated COVID-19 vaccine candidate, for the United States market in February 2021.

Likewise, AstraZeneca has developed the Covishield vaccine which was granted the emergency use authorization across the UK in December 2020. The vaccine, formerly known as AZD1222, has been approved for the active immunization of individuals 18 years or older, with two doses recommended within an interval of 4 to 12 weeks.

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More Valuable Insights on Respiratory Virus Vaccines Market

Fact.MR, in its new offering, presents an unbiased analysis of the global respiratory virus vaccines market. The study divulges essential insights on the respiratory virus vaccines market on the basis of type (inactivated/killed vaccines, live-attenuated vaccines, and recombinant vaccines), route of administration (intramuscular, intranasal, and subcutaneous), indication (influenza, measles, mumps & rubella, and COVID-19), age group (adults and pediatric), and end user (physician offices, hospitals, clinics, and pharmacies/ stores), across major regions of the world (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

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