- The key vendors in the Global Hepatitis B Vaccines market are GlaxoSmithKline plc, Merck & Co. Inc. and Sanofi Pasteur SA.
London, 26 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Hepatitis B Vaccines Market 2014-2018. The market is expected to post a CAGR of 4.0 percent during 2013-2018. The market is expected to grow during the forecast period because of the launch of vaccines with high seroconversion rates in high-risk adults.
Hepatitis B is an inflammatory condition that occurs as a result of infection with hepatitis B virus, which is an enveloped virus belonging to the Hepadnavirus family. The virus interferes with the normal functioning of liver cells and leads to inflammation of the liver.
The age of a person at the time of infection and the infecting dose of the virus are important factors that determine the severity of acute or chronic hepatitis B. Most patients suffering from acute hepatitis B recover spontaneously without significant consequences. Hepatitis B infection can be prevented by immunization with hepatitis B vaccines. The progression of hepatitis B infection from acute phase to chronic phase depends on the age of the individual at the time of infection. The chronic phase is characterized by the presence of hepatitis B virus for more than six months.
“The market is expected to grow during the forecast period because of the launch of vaccines with high seroconversion rates in high-risk adults,” says Faisal Ghaus, Vice President of TechNavio Research.
“Moreover, the increased adoption of combination vaccines is being expected in the market. These vaccines reduce the chances of missing immunization.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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