Hungarian Vaccines Market - Forecast(2024 - 2030)

Vaccines are biological formulations taken to improve immunity against a specific disease. Vaccines are manufactured from weakened or killed disease-causing microorganisms. A vaccine recognizes the foreign invaders and releases the antibodies to destroy them and it also provides immunity against that particular disease in the future. Based on technology, the Hungarian vaccines market is segmented into live attenuated vaccines, inactivated vaccines, and Subunit & Recombinant vaccines. The market is also segmented based on disease indication and end user. The Hungarian vaccines market is estimated to grow at a CAGR of 4.55% during the forecast period2018--2023.  

Vaccines are given to prevent the occurrence of diseases. Vaccines are considered one of the most cost-effective as well as preventive methods available to reduce mortality and morbidity after clean drinking water. It reduces hospitalization costs and healthcare expense. Huge reduction in number of hospitalization in the developed countries and increased mortality rate in developing countries have been observed due to vaccination against infectious diseases. On the basis of technology, the live attenuated vaccines segment dominates the market and is estimated to grow at a CAGR of 4.32%. Based on disease indication, the Influenza segment is projected to grow at the highest CAGR during the forecast period. 

The Hungarian Vaccines Market is largely driven by the growing number of key manufacturers of vaccines. Rising prevalence of chronic diseases in Hungary is also one of the factors for market growth. Increasing government initiatives to create more awareness about vaccination is another major driver for the growth of the vaccines market in Hungary. Due to government initiatives, there is also a provision for free vaccinations for obligatory vaccines. 

High cost of non-obligatory vaccines in Hungary is one of the factors constraining the growth of the vaccines market in Hungary. Complex manufacturing process is also one of the challenges for the country’s vaccines market. 

 

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on volume shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Hungarian Vaccines market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of vaccines by technology and vaccines by disease indication.

By Technology: Live Attenuated Vaccines, Inactivated and Subunit Vaccines, Toxoid Vaccines. Conjugate Vaccines and Recombinant Vaccines

By Disease Indication: Pneumococcal Disease, DTP, Influenza, Human Papilloma Virus, Meningococcal Disease, Polio, and Rotavirus

By End User: Adults and Pediatrics

Some of the key players in this market are Pfizer, Sanofi Pasteur, GlaxoSmithKline plc, and Merck & Co., .

Acquisitions was the dominant strategy adopted by the prominent players of Global Vaccines Market crediting up to 52% of the share of the total market followed by product launch.

GSK is expanding vaccine production in Hungary. The Hungarian vaccine unit will manufacture Infranix and Synflorix.

1. Is the market for Hungarian Vaccines Market growing? How long will it continue to grow and at what rate? 

2. Which type of Vaccine presents the major growth opportunities? 

3. Is there a possibility for change in the market structure over time? 

4. Are additional developments needed for the existing product offerings or do the existing products meet the customer demands? 

5. What is the current status of the Hungarian Vaccines Market? 

6. Which are the major relevant technology segments within the Hungarian Vaccines Market?

7. Which type of disease will witness heavy growth in the Hungarian Vaccines Market? 

8. What are the short-term, long-term, and medium-term growth drivers for the market? 

9. What are the short-term, medium-term, and long-term challenges for the market? 

10. What are the short-term, medium-term, and long-term opportunities for the market 

11. Who are the top players/companies of the market? 

12. What are the recent innovations in the market? 

13. How many patents have been filed by the leading players? 

14. What are the types of patents filed by the leading players? 

15. What is the futuristic scenario for the adoption of Vaccines? 

16. What is our Vision 2030 for the Hungarian Vaccines Market?

The Hungarian Vaccines Market size is evaluated based on the number of products per organization type along with the varying price points pertaining to specific applications. These were identified as key informational conjectures for market estimation in 2017/2018.

The Hungarian Vaccines Market share is thoroughly checked against all data points that have been incorporated and rechecked against various data sources. Various C-level executives and key opinion leaders are contacted for verification of the data.

The Hungarian Vaccines Market forecast and growth rate are achieved by applying the time series forecasting methodology on the various factors. The market forecast and growth rate are further backed with historical trends of the market along with a regressive mathematical model that assesses the value based on factors such as capital expenditure, equipment lifespan, R&D investments, and so on.

The Hungarian Vaccines Market demand has been researched taking into account the prominent economies across the different cities to understand their corresponding impact on the market.

The Hungarian Vaccines Market drivers are evaluated for short-term, medium-term, and long-term based on the different market dynamics impacting the market.

The Hungarian Vaccines Market challenges are evaluated for short-term, medium-term, and long-term based on the different market dynamics impacting the market.

The Hungarian Vaccines Market outlook provides a brief overview of the market performance and anticipated change in market dynamics. 

The Hungarian Vaccines Market analysis also involves the identification of new companies that have entered the market scenario and their impact on the market dynamics in the future.