Rise in Drug Development Activities to Boost the Growth of the
Chickenpox Vaccine Market in Future
The global chickenpox (varicella) vaccine market is thriving on the back of
rise in drug development activities with the help of technological
advancements.
Increasing prevalence of chickenpox
Not every person is vaccinated against chickenpox which increases chances
of its occurrence. With increasing prevalence of chickenpox in people –
children and adults both, the need to get vaccinated increases which is
expected to propel the demand for chickenpox (varicella) vaccine in the
market.
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North- America is expected to grow significantly on the back of government
funding on healthcare facilities. Asia- Pacific is expected to grow at a high
rate owing to rising health concerns and continuous developments in the
healthcare sector. Latin America and Middle- East are expected to grow
significantly attributing to increase in consumption of life saving drugs.
The cost of these vaccines is high. With increasing technological
advancements in the medical sector, the cost of vaccines is expected to
increase. The cost of vaccines are high as the price of a vaccine is set keeping
in mind its importance, use, expenses for research and development
activities and other subsidiary activities which is expected to restraint the
growth of the chickenpox (varicella) vaccine market.