Typhoid Vi Polysaccharide Vaccine Market Growth Potential: Key Insights for 2024-2033
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How Will the Typhoid Vi Polysaccharide Vaccine Market Grow from 2024 to 2033?
Rapid growth has been observed in recent years in the typhoid vi polysaccharide vaccine market size. It is projected to expand from $4.98 billion in 2023 to $5.84 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 17.3%. The historic period’s growth is credited to factors such as disease prevalence, international health drives, vaccinations for travelers, government-led immunization programs, and the efficacy and safety of the vaccine.
In the coming years, the market for the typhoid vi polysaccharide vaccine is projected to experience swift expansion. By 2028, it is anticipated to escalate to $11.28 billion, at a compound annual growth rate (CAGR) of 17.9%. The surge during the forecast period can be credited to the broadening of immunization agendas, increased focus on global health policy, epidemiological surveillance, an uptick in demand regarding travel medicine, along with environmental and societal influences. Key trend predictions during the forecast period encompass research and development investments, administrative backing, epidemiological research, and an increase in public health consciousness.
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What Aspects Are Influencing the Growth Rate of the typhoid vi polysaccharide vaccine Market?
An increase in the incidence of typhoid is anticipated to fuel the development of the typhoid VI polysaccharide vaccine market in the future. Typhoid, a potentially lethal infection, is caused by the bacteria Salmonella typhi and it generally transmits via contaminated food or beverages. The typhoid Vi polysaccharide vaccine is utilized to protect adults and children aged 2 years and older from typhoid fever induced by Salmonella enterica serovar Typhi, or S. Typhi. As per a report published by the Centers for Disease Control and Prevention (CDC) – a US-based national public health agency – in March 2021, it was assumed that around 5,700 Americans were affected annually by Salmonella Typhi, with approximately 620 needing hospital care. With 11 to 21 million cases globally and 200,000 deaths annually, typhoid fever is prevalent, thereby stimulating the advancement of the typhoid Vi polysaccharide vaccine market.
What Key Segments Exist Within the Typhoid Vi Polysaccharide Vaccine Market?
The typhoid vi polysaccharide vaccine market covered in this report is segmented –
1) By Type: Child, Adult
2) By Route of Administration: Oral, Parenteral
3) By Application: Government Institution, Private Sector, Other Applications
What Trends Are Redefining Consumer Expectations in the Typhoid Vi Polysaccharide Vaccine Market?
Forming strategic alliances is becoming increasingly trendy in the typhoid Vi polysaccharide vaccine industry. Major firms in this sector are entering into collaborations to boost their standing in the typhoid Vi polysaccharide market. Example of this is the partnership between The International Vaccine Institute, a South Korea-based international organization dedicated to addressing global health concerns like cholera, typhoid, shigella, and salmonella, and Moderna, a biopharmaceutical company based in the United States, in July 2022. This collaboration resulted in the creation of the world’s first cost-friendly oral cholera vaccine and a novel typhoid conjugate vaccine.
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What Are the Leading Regions in the Typhoid Vi Polysaccharide Vaccine Market Expansion?
Asia-Pacific was the largest region in the typhoid Vi polysaccharide vaccine market share in 2023. The regions covered in the typhoid vi polysaccharide vaccine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Typhoid Vi Polysaccharide Vaccine Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the typhoid vi polysaccharide vaccine market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Typhoid Vi Polysaccharide Vaccine Market Include
1. Typhoid Vi Polysaccharide Vaccine Market Executive Summary
2. Typhoid Vi Polysaccharide Vaccine Market Segments
3. Typhoid Vi Polysaccharide Vaccine Market Size And Template Market Growth Rate
4. Key Typhoid Vi Polysaccharide Vaccine Market Trends
5. Major Typhoid Vi Polysaccharide Vaccine Market Drivers
……
25. Key Mergers And Acquisitions In The Typhoid Vi Polysaccharide Vaccine Market
26. Top Typhoid Vi Polysaccharide Vaccine Companies
27. Typhoid Vi Polysaccharide Vaccine Market Opportunities And Strategies
28. Typhoid Vi Polysaccharide Vaccine Market, Conclusions And Recommendations
29. Appendix
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