The Chickenpox Vaccine Global Market Report 2023, provides comprehensive information on the chickenpox vaccine market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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According to The Business Research Company’s Chickenpox Vaccine Global Market Report for the year 2023, there are noteworthy insights into the global chickenpox vaccine market. Forecasts indicate a significant growth trajectory, with the market size set to appreciate from $3.15 billion in 2022 to a projected $3.35 billion in 2023, underpinned by a robust compound annual growth rate (CAGR) of 6.3%.
However, in the backdrop of this promising growth, the specter of the Russia-Ukraine war casts a shadow over the global economic recovery journey post the COVID-19 pandemic. The ongoing conflict has imposed disruptive challenges, at least in the short term, with the issuance of economic sanctions on multiple countries. Furthermore, the war has induced substantial increases in commodity prices and substantial disruptions in global supply chains, collectively leading to inflationary pressures spanning goods and services across various markets worldwide.
As we project our outlook towards 2027, the chickenpox vaccine market maintains its upward trajectory, with an expected market size of $4.20 billion. This progress is characterized by a CAGR of 5.8%, signifying the continued resilience and adaptability of the industry amidst intricate global economic dynamics. Stakeholders within the chickenpox vaccine market should maintain a vigilant stance, consistently monitoring and navigating the evolving economic challenges and opportunities presented within this dynamic sector.
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Novel drug developments are the key trend gaining popularity in the chickenpox vaccine market. Major companies operating in the market are developing novel drugs with improved efficacy, innovative derivatives, and others to sustain their position in the market. For instance, in November 2022, Sinovac Biotech Ltd., a China-based company focused on research, development, and manufacturing of vaccines, stated that the World Health Organization (WHO) granted it prequalification for its live attenuated chickenpox (varicella) vaccine, which is the world’s first varicella vaccine to receive prequalification. The Oka strain is the source of the varicella vaccine, which is produced in the exclusive Human Diploid Cell (SV-1 strain) of SINOVAC. This cell is created by cultivating and harvesting the virus, adding stabilizers, and freeze-drying it. A phase III efficacy trial found that the seroconversion rate of the vaccine-embedded children group, aged 1 to 12 years old, was 97.1%; the vaccine’s efficacy against varicella and against breakthrough varicella was 87.1% and 89.2%, respectively. The vaccine offers 100 percent defense against mild and serious conditions.
The chickenpox vaccine market is segmented:
1) Chickenpox Vaccine Market By Vaccine: Monovalent varicella vaccine, Combination varicella vaccine
2) Chickenpox Vaccine Market By Application: Mumps, Measles, Rubella, And Varicella Immunization, Herpes Zoster Immunization, Chickenpox Vaccination
3) Chickenpox Vaccine Market By End-Users: Hospitals, Clinics, Other End-Users
Top Major Players
Takeda Pharmaceutical Company Limited
North America was the largest region in the chickenpox vaccine market in 2022.
The table of contents in TBRC’s chickenpox vaccine market report includes:
1. Executive Summary
2. Chickenpox Vaccine Market Characteristics
3. Chickenpox Vaccine Market Trends And Strategies
4. Chickenpox Vaccine Market – Macro Economic Scenario
5. Chickenpox Vaccine Market Size And Growth
………
26. Africa Chickenpox Vaccine Market
27. Chickenpox Vaccine Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Chickenpox Vaccine Market
29. Chickenpox Vaccine Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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