Market reports on India presents the latest report on “Indian Vaccine Market Report and Forecast [2015-2019] ”
http://www.marketreportsonindia.com/life-sciences-market-research-reports-13523/vaccine-india.html The Indian vaccine industry began as a network of state owned manufacturers supplying basic childhood vaccines to the national immunization programme.
26th Dec 2015, – Navi Mumbai, India: Market reports on India presents the latest report on “Indian Vaccine Market Report and Forecast [2015-2019]”. The country also lags behind its global peers in terms of vaccine coverage with a significant number of lives lost due to vaccine preventable deaths.
The market for vaccines in India shows immense potential. The country has not only been self-sufficient in meeting its domestic requirements but has also emerged as a leading global exporter of vaccines across the world. The Indian vaccine industry began as a network of state owned manufacturers supplying basic childhood vaccines to the national immunization programme.In recent decades, however, a number of privately owned firms have emerged which have completely transformed the industry landscape.Their biggest success factor is similar to the approach that has been followed by Indian generic pharmaceutical manufacturers. This modelinvolved concerted efforts to develop vaccines for not only tropical neglected diseases, but also cheaper alternatives of vaccines that are already available in the West.
Despite its recent growth, however, the Indian vaccine industry still has a number of challenges to address. The market remains small (currently accounts for less than 2% of the global market) and underpenetrated compared to the developed countries.The country also lags behind its global peers in terms of vaccine coverage with a significant number of lives lost due to vaccine preventable deaths.Nevertheless, despite these challenges the situation appears bright for vaccine manufacturers. The country has around...