The multivalent vaccines global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Multivalent Vaccines Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The multivalent vaccines market size has grown strongly in recent years. It will grow from $7.63 billion in 2023 to $8.37 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to rising public awareness for vaccination, increasing government support, increasing demand for pediatric multivalent vaccines, increasing funding for vaccine research, and rising demand for multivalent vaccines.
The multivalent vaccines market size is expected to see strong growth in the next few years. It will grow to $12.16 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to the rising incidence of infectious illnesses, increasing numbers of geriatric population, increasing government and private sector investment, growing focus on vaccine safety and effectiveness, and growing focus on therapeutic vaccines. Major trends in the forecast period include greater emphasis on combination vaccines, integration of digital health technologies, development in mRNA technology, development of personalized vaccines, and increase in research activities.
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Scope Of Multivalent Vaccines Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Multivalent Vaccines Market Overview
Market Drivers –
The rising incidences of infectious diseases are expected to propel the growth of the multivalent vaccines market going forward. Infectious diseases are illnesses caused by pathogens such as bacteria, viruses, fungi, or parasites that spread through direct contact or contaminated surfaces, air, or water and can range from mild to severe. Global travel accelerates the spread of infectious diseases by allowing pathogens to quickly cross borders and infect new populations. Multivalent vaccines provide wider protection in infectious diseases by targeting multiple pathogen strains in one dose, cutting down the need for separate shots. This broad coverage boosts herd immunity and lowers disease prevalence, enhancing public health. For instance, in April 2024, according to the report published by TravelHealthPro, a UK-based website supported by the UK Health Security Agency, the UK reported 2,004 malaria cases in 2023, marking an increase from the 1,369 imported cases reported in 2022. Therefore, the rising incidences of infectious diseases are driving the growth of the multivalent vaccines market.
Market Trends –
Major companies operating in the multivalent vaccines market are focused on developing advanced pentavalent vaccines to improve overall public health outcomes by offering broader protection in a single dose. A pentavalent vaccine is a multivalent vaccine designed to protect against five distinct pathogens or strains. Combining these protections into a single vaccine simplifies immunization schedules and enhances overall vaccine coverage. For instance, in December 2023, Panacea Biotec Ltd., an India-based biotechnology company, launched EasyFourPol. This vaccine is the world’s first fully liquid vaccine, protecting against five serious diseases such as diphtheria, tetanus, pertussis, polio, and invasive infections from Haemophilus influenzae Type B. This ready-to-use combination vaccine eliminates the need for preparation by healthcare workers, streamlining the vaccination process. It offers the same level of protection as single-antigen vaccines, reduces the number of clinic visits for children, and lowers overall immunization costs. Additionally, it enhances vaccination efficiency and minimizes environmental impact by reducing the need for vials, syringes, and packaging.
The multivalent vaccines market covered in this report is segmented –
1) By Type: Conjugate Vaccines, Inactivated And Subunit Vaccines, Live Attenuated Vaccines, Toxoid Vaccines, Recombinant Vaccines
2) By Disease: Influenza, Pneumonia, Hepatitis, Meningitis, Rotavirus
3) By Route Of Administration: Oral, Injectable
4) By Age Group: Pediatrics, Adults, Geriatrics
5) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
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Regional Insights –
North America was the largest region in the multivalent vaccines market in 2023. The regions covered in the multivalent vaccines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the multivalent vaccines market are Pfizer Inc., Merck & Co. Inc., Sanofi SA, AstraZeneca plc, Abbott Laboratories, Novartis AG, GlaxoSmithKline plc, Boehringer Ingelheim International GmbH, Moderna Inc., BioNTech SE, Zydus Lifesciences Limited, CSL Seqirus, Sinovac Biotech Ltd., GC Biopharma corp., Emergent BioSolutions Inc., Serum Institute of India Pvt. Ltd., Indian Immunologicals Ltd., Bavarian Nordic, Panacea Biotec Ltd., WestVac Biopharma Co. Ltd., VBI Vaccines Inc.
Table of Contents
1. Executive Summary
2. Multivalent Vaccines Market Report Structure
3. Multivalent Vaccines Market Trends And Strategies
4. Multivalent Vaccines Market – Macro Economic Scenario
5. Multivalent Vaccines Market Size And Growth
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27. Multivalent Vaccines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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