Analyzing Measles Vaccine Market: Global Industry Perspective and Forecast (2024 to 2031)

Market Overview and Report Coverage

Measles Vaccine is a vaccine that protects against the measles virus, a highly contagious respiratory infection that causes fever, rash, cough, runny nose, and inflamed eyes. Vaccination is the most effective way to prevent the spread of measles and its potentially serious complications.

The future outlook of the Measles Vaccine Market is promising, with a projected growth at a CAGR of % during the forecasted period. This growth is fueled by the increasing awareness about the importance of vaccination, rising prevalence of measles infections, and government initiatives to promote immunization programs.

Current market trends show a focus on developing improved measles vaccines with enhanced efficacy and safety profiles. Companies are also investing in research and development to create combination vaccines that protect against multiple diseases, including measles.

Overall, the Measles Vaccine Market is expected to continue growing as vaccination continues to be a key strategy in public health efforts to control and eliminate infectious diseases like measles.

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Market Segmentation

The Measles Vaccine Market Analysis by types is segmented into:

• Mumps Measles Rubella Vaccine, Live (MMR-II)
• Mumps Measles Rubella and Varicella Virus Vaccine (Proquad)

The measles vaccine market includes different types of vaccines such as Mumps Measles Rubella Vaccine, Live (MMR-II) and Mumps Measles Rubella and Varicella Virus Vaccine (Proquad). MMR-II is a combination vaccine that protects against measles, mumps, and rubella, while Proquad also includes varicella virus protection. Both vaccines are administered to prevent the spread of these contagious viral diseases, especially among children. They are considered essential in maintaining public health and preventing outbreaks.

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The Measles Vaccine Market Industry Research by Application is segmented into:

• Children
• Adults

The measles vaccine is widely used in both children and adults markets to provide immunity against the measles virus. In children, the vaccine is administered as part of routine immunization schedules to prevent outbreaks and protect public health. In adults, particularly those who may not have been vaccinated as children or may have lost immunity over time, the vaccine is recommended to prevent complications and transmission of the virus. Overall, the measles vaccine is crucial for maintaining high levels of immunity in the population.

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In terms of Region, the Measles Vaccine Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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What are the Emerging Trends in the Global Measles Vaccine market?

The global measles vaccine market is seeing a trend towards an increased focus on vaccination campaigns and initiatives to eliminate measles outbreaks, particularly in developing countries. There is also a growing demand for combination vaccines that offer protection against multiple diseases, including measles. Additionally, technological advancements in vaccine development and production processes are driving innovation in the market. The rise in public awareness about the importance of vaccination in preventing infectious diseases like measles is expected to further propel the growth of the market. Furthermore, governments and organizations are investing in immunization programs to achieve widespread measles vaccination coverage.

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Major Market Players

The measles vaccine market is dominated by key players such as GlaxoSmithKline (GSK), Sanofi Pasteur, Merck, Novartis, Pfizer, Serum Institute of India, China National Biotech Group, Bavarian Nordic, Emergent Biosolutions, MedImmune, Johnson & Johnson, and CSL Limited.

GSK is one of the leading players in the market, with a strong presence in the measles vaccine segment. The company has been focusing on product innovation and geographic expansion to enhance its market presence. Sanofi Pasteur is another major player in the market, known for its extensive portfolio of vaccines, including measles vaccines. Merck is also a key player in the measles vaccine market, with a wide range of products and a strong distribution network.

In terms of market growth, the measles vaccine market is expected to witness significant growth in the coming years, driven by the increasing prevalence of measles and the growing emphasis on vaccination programs. The market is also witnessing a trend towards the development of new and improved vaccines that offer better protection against measles.

In 2020, GSK reported measles vaccine sales revenue of around $ billion, while Sanofi Pasteur reported sales revenue of approximately $1.3 billion. Merck also reported sales revenue of about $1.1 billion from its measles vaccine segment.

Overall, the measles vaccine market is highly competitive, with key players investing in research and development to enhance their product portfolios and gain a competitive edge in the market. The market is also characterized by partnerships, collaborations, and acquisitions among players to strengthen their market position and expand their reach in emerging markets.

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