The tetanus toxoid vaccine 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.
Tetanus Toxoid Vaccine 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 tetanus toxoid vaccine market size has grown strongly in recent years. It will grow from $4.74 billion in 2023 to $5.08 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increasing awareness, rising incidence of tetanus cases, and government initiatives for immunization programs.
The tetanus toxoid vaccine market size is expected to see strong growth in the next few years. It will grow to $6.74 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to increasing investments in research and development, and expanding distribution networks. Major trends in the forecast period include advancements in vaccine technology, emerging markets, launches of new products and services, and growing demand for vaccines.
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Scope Of Tetanus Toxoid Vaccine 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.
Tetanus Toxoid Vaccine Market Overview
Market Drivers –
The increasing pre term birth rates is expected to propel the growth of the tetanus toxoid vaccine market going forward. Preterm birth occurs when a baby is born before completing 37 weeks of gestation, potentially leading to various health challenges due to incomplete development. The preterm birth issue arises due to increased maternal age, lifestyle choices, medical interventions such as assisted reproductive technologies, maternal health conditions, and environmental factors. The rise in preterm birth rates drives the demand for tetanus toxoid vaccines as more newborns and infants require immunization to protect against tetanus and other preventable diseases. For instance, in January 2023, according to the Office for National Statistics, a UK-based governmental organization, the percentage of preterm live births saw a slight rise from 7.4% in 2020 to 7.5% in 2021. Therefore, the increasing pre term birth rates are driving the growth of the tetanus toxoid vaccine market.
Market Trends –
Major companies operating in the tetanus toxoid vaccine market are developing advanced vaccines, such as the wP-IPV-based pentavalent vaccine, to enhance their product offerings and meet the growing demand for comprehensive immunization solutions. wP-IPV-based pentavalent vaccines are a combination vaccine designed to protect against multiple diseases with a single injection. It uses inactivated bacteria and viruses to stimulate immunity without causing disease. For instance, in December 2023, Panacea Biotec Limited, an India-based biotechnology company, launched EasyFourPol, a fully-liquid wP-IPV-based pentavalent vaccine. This innovative vaccine protects against five life-threatening diseases, including Diphtheria, Tetanus, Pertussis, Polio, and invasive infections caused by Haemophilus Influenza Type B. EasyFourPol is a ready-to-use combination vaccine that eliminates the need for on-site preparation by healthcare workers, offering the same level of protection as single-antigen vaccines.
The tetanus toxoid vaccine market covered in this report is segmented –
1) By Vaccine Type: Tetanus Toxoid (TT), Diphtheria And Tetanus (DT), Tetanus And Diphtheria (Td), Diphtheria, Tetanus, And Pertussis (Dtap), Tetanus, Diphtheria, And Pertussis (Tdap), Pentavalent, Hexavalent, Other Types
2) By Age Group: Pediatric, Adult
3) By End-User: Hospitals And Clinics, Government Organizations, Other End-Users
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Regional Insights –
North America was the largest region in the tetanus toxoid vaccine market in 2023. The regions covered in the tetanus toxoid vaccine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the tetanus toxoid vaccine market are Sanofi S.A., Novartis AG, LG Chem Ltd., GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Merck KGaA, Astellas Pharma Inc., CSL Limited, Zoetis Inc., Meiji Holdings Company Ltd., Walvax Biotechnology, Shenzhen Kangtai Biological Products Co. Ltd., AJ Vaccines AS, PT Bio Farma, Serum Institute of India Pvt. Ltd., Bharat Biotech International Limited, Panacea Biotec Ltd., Amson Vaccines and Pharma Pvt Ltd., Incepta Vaccine Ltd., Mitsubishi Tanabe Pharma Corporation, BioNet-Asia Co. Ltd., Avalon Pharma Pvt. Ltd., Actiza Pharmaceutical Pvt. Ltd
Table of Contents
1. Executive Summary
2. Tetanus Toxoid Vaccine Market Report Structure
3. Tetanus Toxoid Vaccine Market Trends And Strategies
4. Tetanus Toxoid Vaccine Market – Macro Economic Scenario
5. Tetanus Toxoid Vaccine Market Size And Growth
…..
27. Tetanus Toxoid Vaccine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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