The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s DTP vaccines market report forecasts the DTP vaccines market size to grow to $7.79 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.

Learn More On The DTP Vaccines Market Report 2023 – https://www.thebusinessresearchcompany.com/report/dtp-vaccine-global-market-report

DTP Vaccines Market Size Forecast
The global DTP vaccines market is expected to grow from $6.02 billion in 2022 to $6.39 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global DTP vaccines market size is expected to grow from $7.79 billion in 2027 at a CAGR of 5.1%.

Key DTP Vaccines Market Driver ­– Rise In Development Of DTP Vaccines Encouraged By Governments Globally
Countries such as India have the Universal Immunization Programme that aims to provide recommended vaccines against tuberculosis, polio, and other diseases including diphtheria, tetanus, and whooping cough for all Indian children. The country regularly conducts vaccination drives, which is expected to positively impact the growth of the market. These initiatives are expected to drive the growth of the market in the forecast period.

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Key DTP Vaccines Market Trend – Manufacturing DTP Combination Vaccines
Companies in the DTP vaccines market are increasingly investing in manufacturing DTP combination vaccines, which reduce the need for multiple vaccination shots for immunisation against infectious diseases. DTP combination vaccines such as tetravalent (DTP-HepB), pentavalent (DTP-HepB-Hib), and hexavalent (DTP-Hib-HepB-IPV) are available to provide the same protection as individual vaccine shots given separately.

DTP Vaccines Market Segment
1) By Product Type: DTaP, TD, Tdap
2) By Disease: Diphtheria, Pertussis, Tetanus.
3) By End User: Hospitals, Clinics, Vaccination Centers

DTP Vaccines Market Major Players and Strategies
Major players in the DTP vaccines market are Merck & Co., Sanofi, GSK, Lanzhou Institute of Biological Products, Novartis AG, Pfizer Inc., Johnson & Johnson, Seqirus, AJ Vaccines, and Bionet-Asia.

In May 2020, Merck acquired Thermis, a company focused on vaccines and immuno-modulation therapies for infectious diseases, for an undisclosed amount. Thermis is involved in the discovery, development, and production of vaccines with a sophisticated and versatile technology platform. Merck is expected to leverage the vaccine technology enhanced by Thermis, and the company will become a fully-owned subsidiary of Merck after the completion of this deal.

The DTP Vaccines Global Market Report 2023 covers regional data on DTP vaccines market size, DTP vaccines market trends and drivers, opportunities, strategies, and DTP vaccines market competitor analysis. The countries covered in the DTP vaccines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

DTP vaccines refer to a combination vaccine given intramuscularly to protect children under the age of 7 from diphtheria, tetanus, and whooping cough. It aids kids in acquiring resistance to the three bacterial illnesses, diphtheria, tetanus, and pertussis, which are all fatal.

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