Discover trends, market shifts, and competitive outlooks for the malaria vaccines industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Is the Estimated Market Size of the Malaria Vaccines Market In 2029?

The size of the malaria vaccines market has seen a substantial rise recently, and it is projected to expand from $4.7 billion in 2024 to $6.3 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 34.0%. The historic surge is linked to a high incidence of malaria, coordinated efforts aimed at global health, the allocation of funds and grants, efforts towards malaria control, government backing, and policy frameworks.

The size of the malaria vaccines market is projected to increase enormously in the upcoming years, reaching $20.65 billion by 2029 with a compound annual growth rate (CAGR) of 34.5%. The surge expected in the forecast period can be credited to global eradication efforts, extensive access schemes, escalated vaccine coverage, global vaccine collaborations, and effects of climate change. Key trends seen in the forecast period comprise of tech-innovations, partnerships between the public and private sector, international cooperation, and enhancements in vaccine technology.

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What Are the Primary Drivers Supporting the Market Growth of the Malaria Vaccines Market?

The predicted increase in mosquito-borne diseases is set to stimulate the expansion of the malaria vaccine market in the future. Mosquito-related diseases cover a wide range of illnesses spread via the bites of infected mosquitoes. The malaria vaccine, specifically the RTS, S/AS01 (RTS, S) vaccine, serves to counteract and lessen the effects of mosquito-transmitted diseases by preparing the immune system to recognize and combat the parasite. For example, a report by the World Health Organization, a Switzerland-based intergovernmental organization, in November 2023 estimated that there were 249 million cases of malaria worldwide in 2022, an increase of 5 million cases from 2021. Additionally, Pakistan recorded an estimated 2.6 million cases in 2022, a significant increment from the 500,000 cases in 2021. Consequently, the escalation in mosquito-related disease incidents is propelling the growth of the malaria vaccine market.

Which Primary Segments of the Malaria Vaccines Market Are Driving Growth and Industry Transformations?

The malaria vaccines market covered in this report is segmented –

1) By Agent: Plasmodium Falciparum, Plasmodium Vivax, Anopheles Species

2) By Vaccine Type: Pre-Erythrocytic, Erythrocytic, Multi-antigen, Other Vaccines

3) By Route Of Administration: Intramuscular, Subcutaneous, Intradermal, Other Routes

4) By Distribution Channel: Public, Private

Subsegments:

1) By Plasmodium Falciparum: RTS,S/AS01 Vaccine, Other Experimental Vaccines

2) By Plasmodium Vivax: Candidate Vaccines In Development, Combination Vaccines

3) By Anopheles Species: Transmission-Blocking Vaccines, Vector Control Approaches

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Which Regions Are Key Players in the Growth of the Malaria Vaccines Market?

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

What Are the Most Significant Market Trends in the Malaria Vaccines Market?

Leading firms in the malaria vaccine market are creating unique products such as vaccines specifically for children’s malaria. This is being done in order to expand their customer base, enhance sales, and boost their revenue. The vaccines for mosquito-borne diseases are essentially immunological concoctions aimed at providing protection against diseases spread by mosquitoes. They are essentially pediatric vaccines aimed at combating Plasmodium falciparum, which is globally the most lethal malaria parasite and predominantly found in Africa. For instance, Malawi, an East African country, in collaboration with the World Health Organization, a Switzerland-based intergovernmental organization, initiated the first children’s malaria vaccine in Africa in November 2022. The RTSS vaccine, designed specifically for youngsters, has the unique ability to lower mortality rates from the mosquito-transmitted disease. Despite having only a 30% efficacy rate, the vaccine, which has been piloted tested on over a million children in Ghana, Kenya, and Malawi, has generated hope as it could potentially save the lives of the 400,000 individuals who die from malaria each year.

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What Parameters Are Used to Define the Malaria Vaccines Market?

Malaria vaccines are specific vaccines designed to prevent malaria, a potentially deadly mosquito-borne infectious disease caused by parasites from the Plasmodium genus. These vaccines aim to provide immunity against the plasmodium parasites that cause malaria.

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