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

As per The Business Research Company’s Human Papillomavirus (HPV) Vaccine Global Market Report 2023, the human papillomavirus (HPV) vaccine market is expected to show significant growth in the forecast period.

Key insights from the human papillomavirus (HPV) vaccine market forecast include:

1. Market Size

The global HPV vaccine market is projected to increase from $4.47 billion in 2022 to $5.12 billion in 2023, with a 14.6% CAGR. By 2027, the market size is anticipated to reach $8.5 billion, growing at a 13.5% CAGR.

2. Major Driver

The rising incidence of HPV-related diseases propels the HPV vaccine market’s growth. In February 2023, the National Cancer Institute reported an expected 13,960 American women to be diagnosed with aggressive cervical cancer, with 4,310 fatalities in the US. Additionally, there were 7.7 new cases of cervical cancer per 100,000 women annually, with a death rate of 2.2 per 100,000 females. Hence, the increased prevalence of HPV-related diseases contributes to the HPV vaccine market’s expansion.

View More On The Human Papillomavirus (HPV) Vaccine Market Report 2023 – https://www.thebusinessresearchcompany.com/report/human-papillomavirus-hpv-vaccine-global-market-report

3. Key Trend

Product innovations are a key trend gaining popularity in the human papillomavirus (HPV) vaccine market. Companies operating in the human papillomavirus (HPV) vaccine market are adopting new technologies to sustain their position in the market. For Instance, In January 2023, the Serum Institute of India, an India-based biotechnology and biopharmaceuticals company, launched CERVAVAC, the first quadrivalent Human Papillomavirus vaccine (qHPV) created entirely by Indian scientists. The Government of India intends to immunize girls between 9 and 14 against cervical cancer, making it an affordable and cost-effective vaccine.

4. Largest Region

North America was the largest region in the human papillomavirus (HPV) vaccine market in 2022.

5. Major Players

Major players in the human papillomavirus (HPV) vaccine market are Johnson & Johnson Co, Merck & Co Inc., Novartis AG, Sanofi SA, GlaxoSmithKline Plc, AstraZeneca Pharma Ltd., Astellas Pharma Inc., CSL Limited, UCB SA, Serum Institute of India Pvt Ltd., Beijing Wantai Biological Pharmacy Enterprise Co Ltd., Emergent BioSolutions Inc., Bharat Biotech International Ltd., Walvax Biotechnology Co Ltd., Bavarian Nordic AS, Biofarma Co, Vaccitech Plc, Inovio Pharmaceuticals Inc., R-Pharm LLC, and PathoVax LLC.

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Key Human Papillomavirus (HPV) Vaccine Market Segments

The global human papillomavirus (HPV) vaccine market is segmented –
1) By Type: Tetravalent, Nonavalent, Bivalent
2) By Disease Indication: Cervical Cancer, Anal Cancer, Vulvar And Vaginal Cancer, Penile Cancer, Oropharyngeal Cancer, Other Indications
3) By Distribution Channel: Hospital And Retail Pharmacies, Government Suppliers, Other Channels
4) By Industry Vertical: Public And Private Alliance, Government Entities, Physicians, Other Industries

The Human Papillomavirus (HPV) Vaccine Global Market Report 2023  provides an in-depth analysis on the human papillomavirus (HPV) vaccine market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the human papillomavirus (HPV) vaccine 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.

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