|By Marketwire .||
|September 27, 2012 12:29 PM EDT||
NEW YORK, NY -- (Marketwire) -- 09/27/12 -- For the first time in a decade, sales of vaccines declined, according to Kalorama Information. The Healthcare market research publisher notes that a weak flu season last year which resulted in a decline in influenza vaccine sales, along with some other product changes, led to a 30% decline in the market to $19.8 billion in 2011, down from $24.1 billion in 2010. However, Kalorama projects that the world vaccines market will quickly rebound -- increasing at a compound annual rate of 8.9% during 2011-2016, as forecasted in its report: Vaccines 2012 World Market Analysis, Key Players, Trends, Pediatric and Adult Segments.
"What goes up must come down and so it is with vaccine sales," said Bruce Carlson, publisher of Kalorama Information. "We should be clear that our estimate reflects overall vaccine sales, and these results mostly have to do with influenza and a few other categories and do not change the overall trend that pharmaceutical companies are heavily interested in vaccines as part of their growth strategies."
The report said that while sales of adult influenza vaccines had been strong in 2009 and 2010 due to government stockpiling -- and in some cases, over-purchasing -- of new avian and swine flu vaccines, sales have since returned to earlier, pre-pandemic levels. All of the major flu vaccine manufacturers reported significant declines from 2010.
The severity of flu seasons can vary significantly from year to year. In May 2012, the CDC announced in its FluView report that the 2011-2012 flu season had been mild, beginning late across most of the United States. Influenza in the United States typically starts to increase in late December or early January and peaks in February. This past season, flu remained low through February and did not reach baseline until mid-March, never exceeding baseline during the season.
Kalorama Information details 14 segments of vaccines in its yearly market research report on vaccine sales. According to the report, the majority of these categories grew last year and will continue to show positive growth rates.
"There are several areas of vaccines that have bucked the overall market trend and increased in 2011, and we detail these in our report," Carlson said. "There is also a considerable amount of R&D in vaccines, which we detail as well."
Kalorama Information's Vaccines 2012 World Market Analysis, Key Players, Trends, Pediatric and Adult Segments contains a complete overview of the vaccine market in 14 segments, includes profiles and competitive analysis of the key players, and a discussion of issues and trends facing the industry.
About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog.