Typhoid Vi Polysaccharide Vaccine Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
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What CAGR Will the Typhoid Vi Polysaccharide Vaccine Market Achieve During 2025–2034, and What Does It Indicate?
The market for the typhoid vi polysaccharide vaccine has witnessed a fast-paced expansion in the last few years. Its value is expected to climb from $5.78 billion in 2024 to $6.77 billion in 2025, reflecting a compound annual growth rate (CAGR) of 17.1%. Factors contributing to the growth in the historic period include the prevalence of the disease, worldwide health campaigns, vaccinations for travelers, government-led immunization programs, and the vaccine’s effectiveness and safety.
In the coming years, the market size for the typhoid vi polysaccharide vaccine is projected to experience a fast-paced expansion, surging to a whopping $13.36 billion by 2029, with a compound annual growth rate (CAGR) of 18.5%. The swelling growth during the forecast period can be linked to broadened vaccination initiatives, worldwide emphasis on healthcare policies, monitoring of disease patterns, elevated demand in the field of travel medicine and both environmental and societal influences. The key trends to look out for within this forecast period comprise of investments in research and development, regulatory backing, epidemiological research, and heightened public cognizance about health.
What Industry-Specific Factors Are Fueling the Growth of the typhoid vi polysaccharide vaccine Market?
The growth of the typhoid VI polysaccharide vaccine market is set to be fueled by an increasing prevalence of typhoid. Typhoid, a potentially deadly infection, is caused by the Salmonella typhi bacteria and is primarily spread through contaminated food and beverages. The typhoid Vi polysaccharide vaccine works to protect adults and children over the age of 2 from typhoid fever, which is provoked by the Salmonella enterica serovar Typhi, or S. Typhi. Data released by the UK Health Security Agency, a government organization based in the UK, in August 2024 suggests a rise in laboratory-confirmed symptomatic cases of enteric fever in England, Wales, and Northern Ireland from 2021 to 2022. This includes an increase of S. Typhi cases from 108 to 313, S. Paratyphi A from 31 to 135, and S. Paratyphi B from 13 to 18. As a result of this increased prevalence of typhoid, the market for the typhoid Vi polysaccharide vaccine is flourishing.
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Who Are the Key Firms Paving the Way for Growth in the Typhoid Vi Polysaccharide Vaccine Market?
Major companies operating in the typhoid vi polysaccharide vaccine market are:
• Sanofi S.A._x000D_
• GlaxoSmithKline PLC_x000D_
• Merck & Co. Inc._x000D_
• Pfizer Inc._x000D_
• Johnson & Johnson Private Limited_x000D_
What Are the Most Influential Trends Currently Shaping the Typhoid Vi Polysaccharide Vaccine Market?
The formation of strategic collaborations is a prominent trend that is increasingly emerging within the typhoid Vi polysaccharide vaccine market. To solidify their market standing, notable companies within the typhoid Vi polysaccharide vaccine arena are resorting to partnership strategies. For example, in July 2022, the International Vaccine Institute, assigned to combating globally significant infectious diseases like cholera, typhoid, shigella, and salmonella and based in South Korea, joined forces with Moderna, a biopharmaceutical firm from the US. This alliance resulted in the creation of the first cost-effective oral cholera vaccine and newly-developed typhoid conjugate vaccine.
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What Are the Major Segments of the Typhoid Vi Polysaccharide Vaccine Market and Their Role in Driving Growth?
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
Subsegments:
1) By Child: Pediatric Formulations, Age-Specific Dosages
2) By Adult: Standard Adult Formulations, High-Risk Population Formulations
Which Regions Are Essential for the Growth of the Typhoid Vi Polysaccharide Vaccine Market?
Asia-Pacific was the largest region in the typhoid Vi polysaccharide vaccine market share in 2024. 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.
How Is the Scope and Reach of the Typhoid Vi Polysaccharide Vaccine Market Defined?
Typhoid VI polysaccharide vaccine refers to the recommendation of active immunization for people aged two and up, concerning the prevention of typhoid fever caused by Salmonella typhi.
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