Yellow Fever Vaccine Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Yellow Fever Vaccine Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LANDON, GREATER LANDON, UNITED KINGDOM, September 16, 2024 /EINPresswire.com/ -- The yellow fever vaccine market has experienced robust growth in recent years, expanding from $4.32 billion in 2023 to $4.54 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to the initiation of global immunization campaigns, implementation of international health regulations, mass vaccination campaigns, and advances in vaccine production technology.
What Is The Estimated Market Size Of The Global Yellow Fever Vaccine Market And Its Annual Growth Rate?
The yellow fever vaccine market is projected to continue its strong growth, reaching $5.56 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to increased collaboration and partnerships, integration with routine vaccination schedules, surveillance and monitoring, increasing involvement of the private sector, and adoption of digital technologies for vaccine tracking.
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Growth Driver of The Yellow Fever Vaccine Market
Increasing international travel is expected to propel the growth of the yellow fever vaccine market going forward. International travel refers to the movement of individuals across country borders for purposes such as tourism, business, or personal reasons. International travel is rising due to increased global connectivity, economic growth, and the relaxation of travel restrictions post-pandemic. The yellow fever vaccine is required or recommended for travelers visiting regions where yellow fever is endemic to prevent infection and comply with international health regulations.
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Which Market Players Are Driving The Yellow Fever Vaccine Market Growth?
Key players in the yellow fever vaccine market include Merck and Co Inc., Sanofi S.A., GSK plc, Takeda Pharmaceutical Company, Lonza Group Ag, WuXi Biologics, Novavax Inc., Beijing Tiantan Biological, Bavarian Nordic A/S, Valneva SE, Biological E. Limited, Bio-Manguinhos, Instituto Butantan, Bio Farma, Panacea Biotec, Biovac, Institut Pasteur de Dakar, Ology Bioservices, Gavi, Wuhan Institute of Biological Products, PnuVax Incorporated, iBio Inc.
What Are The Key Trends That Influence Yellow Fever Vaccine Market Share Analysis?
Major companies operating in the yellow fever vaccine market are focusing on developing effective next-generation yellow fever vaccines, such as the T-cell adaptive booster vaccine, to meet an increasing global vaccine demand. A T-cell adaptive booster vaccine is a type of vaccine designed to enhance the immune system's memory T-cell response, providing prolonged and robust immunity against specific pathogens.
How Is The Global Yellow Fever Vaccine Market Segmented?
1) By Product: Powder, Liquid
2) By Treatment Type: Pain Management Drugs, Oral Rehydration
3) By Application: Routine Immunization, Travelers, Other Applications
4) By End-User: Hospitals, Diagnostic Centers, Point Of Care Centers, Other End Users
Geographical Insights: North America Leading The Yellow Fever Vaccine Market
North America was the largest region in the yellow fever vaccine market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the yellow fever vaccine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Yellow Fever Vaccine Market Definition
The yellow fever vaccine is a live, attenuated viral vaccine used to prevent yellow fever, a serious viral infection transmitted by mosquitoes. It is typically administered as a single dose and provides long-lasting immunity, often lifelong. The vaccine is especially important for people living in or traveling to endemic areas.
Yellow Fever Vaccine Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
•Macroeconomic factors affecting the market in the short and long run
•Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global yellow fever vaccine market report covering trends, opportunities, strategies, and more
The Yellow Fever Vaccine Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on the yellow fever vaccine market size, yellow fever vaccine market drivers and trends, yellow fever vaccine market major players, yellow fever vaccine competitors' revenues, yellow fever vaccine market positioning, and yellow fever vaccine market growth across geographies. The yellow fever vaccine market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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