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What CAGR is Anticipated for the Adult Vaccines Market During the Forecast Period, and Why?

Over the past few years, the adult vaccines market has experienced robust growth. The market is expected to expand from $22.82 billion in 2024 to $24.49 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. This growth during the historic period can be ascribed to factors such as the expanding aged population, government-led vaccination initiatives, rising consciousness about preventive healthcare, advancements and innovation in vaccine development, and public health awareness campaigns.

The market size for adult vaccines is projected to witness robust growth in the coming years, with a forecast to reach $35.22 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 9.5%. This forecast period growth is attributable to factors such as the rise of new infectious diseases, heightened focus on immunization registries, the escalating threat of antimicrobial resistance, global strategies for pandemic readiness, a shift towards individually tailored vaccines, and an increased emphasis on maternal immunization. The anticipated trends during this forecast period encompass the incorporation of digital health, technological progression in vaccine manufacturing, collaborations between government bodies and pharmaceutical firms, advancements in vaccine delivery methods, and broadening immunization initiatives.

How Are the key drivers Contributing to the Expansion of the adult vaccines Market?

The rise in contagious illnesses is propelling the expansion of the adult vaccination market. These are illnesses that can easily be transmitted from one person to another. Vaccinations are a potent tool in the fight against these diseases, providing individuals with immunity. For instance, the US-based national public health agency, the Centers for Disease Control and Prevention, reported in March 2023 that the number of tuberculosis cases in the United States rose to 8,300 in 2022, an increase from the 7,874 cases in 2021. The incidence of TB also slightly rose to 2.5 per 100,000 individuals in 2022, compared to the 2.4 in 2021. As a result, the rising prevalence of contagious diseases is a significant driver in the growth of the adult vaccine market.

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Which Companies Are Poised to Shape the Future of the Adult Vaccines Market?

Major companies operating in the adult vaccines market include:

• GlaxoSmithKline PLC_x000D_

• Merck & Co_x000D_

• Sanofi Pasteur_x000D_

• Pfizer Inc_x000D_

• Commonwealth Serum Laboratories Limited_x000D_

What Are the Latest Innovations and Trends Influencing the Adult Vaccines Market?

The emergence of product innovations is a primary trend catching on in the adult vaccines market. Mainstream businesses in this market are rolling out novel products to maintain their market stance. For example, in August 2022, GSK, a biopharmaceutical firm located in the UK, and IQVIA, an international provider of superior analytics, technology solutions, and clinical research services based in India, introduced Vaccine Track. This data-driven platform aims to boost adult vaccination within communities across the country. This tool aims to offer up-to-date and applicable information on patterns to prioritize and improve public health initiatives.

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How Are the Key Segments of the Adult Vaccines Market Impacting Its Expansion and Revenue Streams?

The adult vaccines market covered in this report is segmented –

1) By Vaccine Type: Monovalent, Multivalent

2) By Technology: Live Attenuated Vaccines, Inactivated Viral Or Bacterial Vaccines, Toxoid Vaccines, Recombinant Vaccines, Conjugate Vaccines

3) By Application: Influenza, DPT, Human Papillomavirus, Zoster, Pneumococcal, Hepatitis

4) By End Users: Healthcare Firms, Hospitals

Subsegments:

1) By Monovalent: Single Antigen Vaccines, Specific Disease Vaccines

2) By Multivalent: Combination Vaccines, Multi-Antigen Vaccines

What Regions Are Contributing Significantly to the Growth of the Adult Vaccines Market?

North America was the largest region in the adult vaccines market in 2024. Asia-Pacific is expected to be the fastest-growing region in the adult vaccines market during the forecast period. The regions covered in the adult vaccines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Key Elements Shape the Definition of the Adult Vaccines Market?

Adult vaccines refer to the vaccines that are used to induce an immune response against a disease causing pathogen in adults. These vaccines are used for preventing and treating diseases. Vaccines lessen the severity of illness in individuals who are more vulnerable, such as those with chronic health conditions or weakened immune systems.

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