Preventive Vaccines Market Size, Share, Analysis, Growth
Insight, Trends and Future Forecast - 2031
The global preventive vaccines market is expected to grow at
a significant CAGR during the forecast period (2024-2031). In some disease
sectors, such as polio, the preventive vaccinations industry has matured,
whereas, in others, it has yet to be established in the market. Despite these
disparities in each segment, the market continues to grow, owing to variable
degrees of rising demand for vaccination for different diseases throughout
time. The increasing prevalence of infectious diseases, technological
innovations in preventive vaccines, higher financing from government and
international organizations, and increased awareness of preventative care are
all contributing to the growth of the global preventive vaccines market.
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Healthcare costs, on the other hand, are skyrocketing, and
the trend is toward prevention. Vaccination costs have risen from single digits
to triple digits a few times in the last two decades, posing severe challenges
for doctors and their patients, as well as putting pressure on public health
funds. Infectious diseases are widely regarded as the world's deadliest
killers, posing some of the world's most serious health and security risks.
Infectious infections are among the biggest causes of mortalities around the
world. Hepatitis A is a dangerous infection that is even found in developed
countries such as the US.
According to the Centers for Disease Control and Prevention
(CDC) 2019 figures, the incidence of hepatitis has risen in recent years.
According to the study, the frequency climbed from 0.4 per 100,000 in 2014 to
1.0 in 2017. This has led the government efforts aimed at slowing the disease's
spread. Hepatitis A vaccine is made up of dead hepatitis A viruses that
stimulate the immune system to create antibodies against the infection.
Antibodies begin to develop shortly after the first dose in most vaccination
recipients, however, it takes 2 to 4 weeks for them to reach protective levels.
To ensure long-term protection, a second dose of the vaccination should be
given at least six months following the first. The rising prevalence of
hepatitis A, as well as the availability of preventive vaccinations, are
projected to drive market growth.
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Market Coverage
Competitive Landscape: Blistex Inc.; Church
& Dwight Co, Inc.; 3M; Colgate Palmolive Company; GlaxoSmithKline, Plc; and
Bristol-Myers Squibb Co., among others.
Key questions addressed by the report
o Recovery
Timeline
o Deviation
from pre-COVID forecast
o Most
affected region and segment
Global Preventive Vaccines Market Report Segmentation
By Vaccine Type
•
Live/Attenuated Vaccines
•
Inactivated Vaccines
•
Subunit Vaccines
•
Toxoid Vaccines
•
Others
By Disease Type
•
Pneumococcal
•
Poliovirus
•
Hepatitis
•
Influenza
•
Cervical Cancer
•
Zoster
•
Measles
•
Mumps
•
Rubella (MMR)
•
Others
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