Zika Virus Vaccines Market Expected to Reach $18,697 Million, by 2022, Globally

PORTLAND, Oregon and PUNE, India, January 18, 2017 /PRNewswire/ --

A new report published by Allied Market Research, titled, "Zika Virus Vaccines Market-Global Opportunity Analysis and Industry Forecast, 2017-2022", projects that in moderate growth scenario the potential market for Zika virus vaccines would reach $14,500 million in 2017 and is expected to reach $18,697 million by 2022, growing at a CAGR of 5.2% from 2017 to 2022. Key opportunities include the need for vaccines for immunization & prevention of further spread of Zika virus infection and for treatment of Zika-linked birth defects.

     (Logo: http://photos.prnewswire.com/prnh/20140911/647229)

Summary of the Zika Virus Vaccines Market Report can be accessed on the website at: https://www.alliedmarketresearch.com/zika-virus-vaccines-market

Zika virus belongs to Flavivirus, a genus of the viruses in the Flaviridae family, and it is transmitted via Aedes mosquito, blood transfusion, sex, and from an infected pregnant woman to her fetus. The infection of this virus can cause adverse effects such as neurological problems and congenital birth defects in the fetus.

 "Zika virus is affecting people staying in Zika-infested regions and also the infection is linked with many babies being born with underdeveloped brains." says Hemali Narkhede, Manager, Healthcare Research at Allied Market Research. She further adds, "This is attributed to the high risk of infection. Zika virus vaccines are gaining popularity, and FDA has passed priority review voucher system for it".

The outbreak of Zika virus infection in Latin American Countries, especially in Brazil, in last two years; its continuous spread in North America, Asia-Pacific, and Middle East & Africa; and lack of effective medicinal solutions for the prevention & treatment are major challenges faced by the healthcare and government agencies. To overcome these challenges, government agencies and various research institutes encourage and support pharmaceutical companies, in terms of investment and funding, for the development & manufacturing of related vaccines. These initiatives have given rise to a renewed interest among companies to invest and capitalize on the available opportunities. Multiple players are in process of vaccine development based on various techniques such as recombinant, live attenuated, whole inactivated, nucleic acids, and viral vectors.