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What key factors are powering the surge in the priorix market right now?

The market size for Priorix has witnessed a HCAGR of XX in the past few years. The prediction is for it to expand from $XX million in 2024 to $XX million in 2025, with a compound annual growth rate (CAGR) of XX%. The historical growth can be accredited to factors like the placement of Priorix in the national immunization timetable, repeated instances of disease outbreaks, emphasis on combination vaccines, a rising need for affordable vaccines, and the high effectiveness of Priorix.

How fast Is the priorix market expected to grow, and what’s its future value?

The market size for priorix is projected to witness a significant expansion of XX (FCAGR) in the upcoming years, reaching a balanced value of $XX million in 2029 with a CAGR of XX%. Several factors, including growing acceptance of WHO’s immunization guidelines, increased school-based vaccinations, broadening of retail pharmacy-based immunization services, focus on localized manufacturing, and an uptick in global fundings can be credited for forecasted growth. Future trends primarily incorporate collaborative efforts for vaccine distribution, application of AI for monitoring immunization gaps, transition towards more localized vaccine production, digital tools incorporation for tracking vaccinations, and the progression of temperature-resistant vaccine formulations.

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What are the leading drivers of growth in the priorix market?

The increase in mumps occurrence is anticipated to drive the growth of the priorix market in the future. Mumps, a highly infectious viral disease causing considerable swelling of the salivary glands particularly the parotid glands under the ears, is on the rise. The increase in instances of mumps can be attributed to the diminishing immunity from vaccinations given during childhood, inadequate vaccine coverage, and a rise in outbreaks in places where people congregate like schools and colleges. Priorix is employed to prevent mumps by equipping the body with active immunity against the mumps virus, which forms a part of a combination vaccine. It spurs the body’s immune system to generate antibodies which lessen the risk of infection and aid in managing outbreaks. For instance, data from the Centers for Disease Control and Prevention, a US-based government organization, showed that the mumps cases in the US increased from 386 in 2022 to 436 in 2023. Consequently, the increase in instances of mumps is the driving factor for the priorix market.

What are the key segments defining the priorix market?

The priorix market covered in this report is segmented –

1) By Formulation: Lyophilized (Freeze-dried); Liquid

2) By Indication: Measles; Mumps; Rubella

3) By Age Group: Infants (0-12 months); Children (1-5 years)

4) By End Users: Pediatric Patients; Healthcare Providers

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Who are the key players steering the development of the priorix market?

Major companies operating in the priorix market are GSK plc

What emerging trends are influencing the growth of the priorix market?

One noticeable trend in the Priorix market is its regulatory acceptance for the prevention of diseases like measles, mumps, and rubella. This clearance provides an extra preventative measure against these highly infectious health risks, which are still major global health concerns. For example, in June 2022, UK-based pharmaceutical and bio-technology firm, GSK plc, announced that the US Food and Drug Administration (FDA) granted approval for Priorix. This live vaccine is used to prevent measles, mumps, and rubella in individuals who are 12 months and older. The administration of Priorix involves a two-part series. The first dose is generally given between 12 to 15 months of age and the second dose is administered in between 4 to 6 years of age. Moreover, it can be used as a follow-up dose for individuals who have already received their first dosage of another MMR vaccine.

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Which regions are most influential in expanding the priorix market?

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

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