Pharmaceuticals
Prophylactic Hepatitis B Virus Vaccines Market

Prophylactic Hepatitis B Virus Vaccines Market

Prophylactic Hepatitis B Virus Vaccines Market: Global Industry Analysis and Forecast 2016 - 2024

ID: PMRREP10571

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Author : Abhijeet Surwase

Introduction

Hepatitis B virus (HBV) is disease related to the liver. Hepatitis B virus (HBV) infection results in deaths due to liver cancer and liver failure. The hepatitis B vaccine is available for all age groups to prevent HBV infection. The disease is caused due to transmission of Hepatitis B virus (HBV) through contact with body fluids, blood and semen of an infected person.

Hepatitis B disease can cause acute and later may turn to chronic disease if not treated at early stage. In 2015, WHO estimated that 240 Mn people are infected with chronic hepatitis B virus. Every year more than 780,000 deaths occur due to complexity of hepatitis B viral infection.

This infection caused by chronic hepatitis B virus develops fulminant hepatitis B (autoimmune disorder), liver cirrhosis, hepatocellular carcinoma (liver cancer), liver failure which can be treated by a liver transplant. The Global Alliance for Vaccines and Immunization (GAVI) provides direction and support to prevent transmission through vaccination. However, there is a significant decrease in incidence of hepatitis B virus infection after introduction of hepatitis B vaccine.

The prophylactic hepatitis B virus vaccines market is expected to grow remarkably during the forecast period due to increasing prevalence and incidence of hepatitis B infection, increasing public awareness (Patient Education Programs), government initiatives for promotion and creating awareness about prophylactic hepatitis B vaccines.

However, factors such as side effects of the vaccine, high costs incurred during research and development and macro-economic factors like stringent regulations can affect the market adversely.