Covid-19 Impact on HPV Vaccines Market is Expected to Grow at an Impressive CAGR by 2026

SEP 23,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the HPV Vaccines Market.

The HPV Vaccines Market is projected to grow from USD 4.82 billion in 2020 to USD 11.79 billion by 2026 at a CAGR of over 16.1% during the forecast period.

Human papillomavirus (HPV) infection is one of the most common sexually transmitted infections which is caused by HPV-related cancers, such as genital and cervical cancers. HPV infection vaccines are primarily used to prevent genital warts, cervical cancer, anal cancer, and vaginal cancer. Three commercially available HPV prevention vaccines, such as Gardasil 9 and Gardasil by Merck and Cervarix developed by GSK Plc, are known to be highly effective in preventing HPV infection and genital precancerous lesions.

Market Dynamics
The rising prevalence of cervical cancer among women is a prime factor augmenting the demand for HPV vaccines.

  • Moreover, the growing need to reduce HPV infections further adds emphasis to the market growth in the near future.
  • Furthermore, the government bodies in numerous countries are focusing on imposing stringent policies for supplying vaccines to prevent the burden of this disease thus boosting the product demand.
  • However, these vaccines are short in supply and are available in limited amounts thus fails to cater to the rising need, thus affecting the market expansion.

Segment Analysis

Type Trends
By type, the global HPV vaccines market has been bifurcated into bivalent, polyvalent.

  • Under these, the polyvalent segment accounted for the highest market share in 2020 and is projected to grow at a moderate CAGR in the coming years.
  • This is mainly attributed to their low cost and performance efficiency and that they are highly popular especially in the developing countries of Asia Pacific, thus bolsters the segment growth.

Regional Trends
By region, the North American market witnessed the highest market share in 2020 and is estimated to register at a considerable CAGR during the review period. This is mainly attributed to the strong presence of well-established healthcare facilities, along with the ease in the availability of necessary resources. Moreover, people are aware of the presence of vaccines and related therapeutic procedures, thus augmenting the for vaccination and treatment, further boosting the regional growth.

Key Players:

  • Lumetrics (The U.S),
  • Marco (The U.S),
  • Voptica (Spain),
  • NIDEK (Japan),
  • Hanson Instruments (UK),
  • Alcon (Switzerland), Carl Zeiss (Germany),
  • Essilor (France), and Johnson & Johnson Visioncare Inc. (US).

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The HPV Vaccines Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors
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