The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Yellow Fever Vaccine Global Market Report 2023, the yellow fever vaccine market is expected to show significant growth in the forecast period.

The yellow fever vaccine market has shown strong growth in recent years, and this trend is expected to continue. Several factors are driving this growth, from increased international travel to advances in vaccine production technology.

Current Market Size and Growth

• 2023 Market Size: $4.32 billion
• 2024 Market Size (Projected): $4.54 billion
• CAGR: 5.1%

Key Drivers

• Global Immunization Campaigns: Mass vaccination efforts have significantly increased vaccine uptake.
• International Health Regulations: Stricter rules have made vaccination mandatory in certain regions.
• Technological Advances: Innovations in vaccine production have made vaccines more effective and accessible.

Future Market Growth and Trends
The yellow fever vaccine market is set to grow steadily over the next few years, reaching a projected $5.56 billion by 2028.

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Forecasted Growth (2024-2028)

• CAGR: 5.2%
• 2028 Market Size (Projected): $5.56 billion

Growth Drivers

• Collaboration and Partnerships: Increased partnerships between public and private sectors.
• Routine Vaccination Integration: Yellow fever vaccines are becoming part of standard vaccination schedules.
• Surveillance and Monitoring: Enhanced efforts to track and monitor vaccination coverage.
• Private Sector Involvement: Growing role of private companies in vaccine distribution.
• Digital Technologies: Adoption of digital tools for vaccine tracking and distribution.

Emerging Trends

• Vaccine Format Diversification: Development of new vaccine formats to meet diverse needs.
• Pandemic Preparedness: Strengthening of vaccine infrastructure for potential future pandemics.
• Regulatory Changes: Evolving regulations to ensure safety and efficacy.
• Healthcare Infrastructure: Improvements in healthcare systems to support wider vaccine access.
• Consumer Education: Increased efforts to raise awareness about the importance of vaccination.

Impact of International Travel on Market Growth
The rise in international travel has significantly boosted the yellow fever vaccine market.

International Travel as a Growth Driver

• Travel Trends: Post-pandemic recovery has led to a surge in international travel.
• Tourism Statistics: 1.286 billion international tourists in 2023, up from 960 million in 2022.
• Vaccine Requirement: Yellow fever vaccination is required for travel to endemic regions.

Major Players in the Global Market
Several key companies dominate the yellow fever vaccine market, leveraging their expertise in vaccine production and distribution.

Leading Companies

• Merck & Co Inc.
• Sanofi S.A.
• GSK plc
• Takeda Pharmaceutical Company
• Lonza Group AG

Innovations in Vaccine Development
Companies are focusing on next-generation vaccines to enhance global yellow fever immunity.

T-Cell Adaptive Booster Vaccines

• Emergex Vaccines Holding Limited: Partnered with ATCC to introduce T-cell adaptive vaccines.
• Vaccine Mechanism: These vaccines enhance memory T-cell response, providing long-lasting immunity.
• Focus on Cellular Immunity: Greater emphasis on cellular responses rather than just antibody production.

Strategic Acquisitions in the Market
Mergers and acquisitions are playing a crucial role in the market’s development.

Emergex’s Acquisition of Zosano Pharma Inc.

• Acquisition Details: In October 2022, Emergex acquired Zosano Pharma Corporation.
• Strategic Benefits: Expanded technological capabilities in transdermal delivery systems.
• Impact on Vaccine Development: Accelerated development of innovative vaccines, including those for yellow fever.

Regional Insights
The yellow fever vaccine market shows varying dynamics across different regions.

Regional Market Leaders

• North America: Largest market in 2023.
• Asia Pacific: Expected to be the fastest-growing region during the forecast period.

Conclusion
The yellow fever vaccine market is on a steady growth trajectory, driven by increased international travel, technological advancements, and strategic collaborations. With ongoing innovations and regional expansions, the market is well-positioned for continued success in the coming years.

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