A research report on the HPV Vaccines Market has recently been published by Stratview Research, which addresses the significant changes in the HPV Vaccines Market. The study's purpose is to recognize recent market sizes for various segments and countries, as well as forecast values for the coming years. This research gives an analytical review of the market’s present trend and future estimates in order to find additional opportunities. The report is meant to provide both qualitative and quantitative aspects of the market in each of the areas and countries studied.

Market Insights

The HPV vaccines market was estimated at USD 5.6 billion in 2021 and is likely to grow at a CAGR of 16.1% during 2022-2028 to reach USD 15.94 billion in 2028.

What is human papillomavirus (HPV)?

Human papillomavirus (HPV) infection is one of the most common sexually transmitted infections which is caused by HPV-related cancers, such as genital and cervical cancers. HPV infection vaccines are primarily used to prevent genital warts, cervical cancer, anal cancer, and vaginal cancer. Three commercially available HPV prevention vaccines, such as Gardasil 9 and Gardasil by Merck and Cervarix developed by GSK Plc, are known to be highly effective in preventing HPV infection and genital precancerous lesions.

COVID-19 IMPACT

The outbreak of the COVID-19 virus had a devastating impact on the HPV vaccine industry. The healthcare industry is currently facing major challenges as it is unable to provide proper medical facilities to cater to the ever-growing coronavirus patient pool. With the stringent imposition of lockdown and social distance regulations, there were limited check-ups of women suffering from sexually transmitted diseases. During the pandemic period in 2020, around 342,000 women lost their lives due to cervical cancer. Thus, a poor healthcare system due to limited medical professionals and funding affected the market growth.

Profiling Key Companies –

• Lumetrics (The U.S),
• Marco (The U.S),
• Voptica (Spain),
• AMICO GROUP (UAE),
• NIDEK (Japan),
• Hanson Instruments (UK),
• Alcon (Switzerland), Carl Zeiss (Germany),
• Essilor (France), and Johnson & Johnson Visioncare Inc. (US).

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• Assessment of the market
• Competitive Landscape
• COVID Impact Analysis
• Value Chain Analysis
• Historic Data, Estimates, and Forecast
• Company Profiles
• Global and Regional Dynamics
• Future Business Scope & Opportunities Forecast

Market Dynamics

The rising prevalence of cervical cancer among women is a prime factor augmenting the demand for HPV vaccines.

• Moreover, the growing need to reduce HPV infections further adds emphasis to the market growth in the near future.
• Furthermore, the government bodies in numerous countries are focusing on imposing stringent policies for supplying vaccines to prevent the burden of this disease thus boosting the product demand.
• However, these vaccines are short in supply and are available in limited amounts thus failing to cater to the rising need, thus affecting the market expansion.

Segment Analysis

By type, the HPV vaccines market has been bifurcated into bivalent, polyvalent.

• Under these, the polyvalent segment accounted for the highest market share in 2021 and is projected to grow at a moderate CAGR in the coming years.
• This is mainly attributed to their low cost and performance efficiency and that they are highly popular, especially in the developing countries of Asia Pacific, thus bolstering the segment growth.

By region, the North American market witnessed the highest market share in 2021 and is estimated to register at a considerable CAGR during the review period. This is mainly attributed to the strong presence of well-established healthcare facilities, along with the ease in the availability of necessary resources. Moreover, people are aware of the presence of vaccines and related therapeutic procedures, thus augmenting the for vaccination and treatment, further boosting regional growth.

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Critical Questions Answered in the Report

• What are the key trends in the HPV Vaccines Market?
• How the market (and its various sub-segments) has grown in the last five years and what growth trajectory will it follow in the next five years?
• On what scale has COVID-19 impacted the HPV Vaccines Market?
• What are some key strategies adopted by the market leaders in the HPV Vaccines Market?
• How much share of the HPV Vaccines Market do the top players own?

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