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How has the travel vaccines market grown in recent years?

There has been significant growth in the travel vaccines market in the past years. Its size is expected to increase from $4.73 billion in 2024 to $5.14 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.6%. Factors such as an increase in global travel, travel health measures implemented by the government, disease globalization, higher awareness levels among travelers, and growth in the travel and tourism sector have contributed to this historic growth.

How is the travel vaccines market size expected to evolve during the forecast period?

The market for travel vaccines is projected to significantly expand in the coming years, expectedly hitting a revenue of $7.49 billion in 2029, at a 9.9% compound annual growth rate (CAGR). This anticipated growth within the stated period is predominantly due to factors such as the increasing instances of corporate travel, new infectious diseases, government rules and entry obligations, amplified interest in unfamiliar destinations, and partnerships between governments and pharmaceutical firms. Some noteworthy trends within this future period involve customized vaccination approaches, broadening the market into regions not previously afflicted by certain diseases, implementation of digital health tech, regulatory backing, streamlined approvals, and inventive developments.

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Which key drivers are propelling the travel vaccines market’s growth?

The surge in travel and tourism is anticipated to stimulate the expansion of the travel vaccine industry. The term ‘travel and tourism’ discusses the commuting of individuals or objects, including modes of transport such as trains, boats, airplanes, and other vehicles, across different distant geographical regions. Travel vaccines play a crucial role in ensuring the health and safety of tourists and travelers when they venture overseas. For instance, the United Nations World Tourism Organization (UNWTO), an intergovernmental organization based in Spain promoting tourism, reported in January 2023 that more than 900 million tourists had ventured abroad in 2022. This number is twice the figure documented in 2021 and nevertheless, suggests a substantial 63% rise from the pre-pandemic levels. Thus, the rise in travel and tourism operations is facilitating the expansion of the travel vaccine market.

What are the market segments in the travel vaccines industry?

The travel vaccines market covered in this report is segmented –

1) By Disease: Hepatitis A, Diphtheria, Pertussis, And Tetanus (DPT), Yellow Fever, Typhoid, Hepatitis B, Measles And Mumps, Rabies, Meningococcal, Other Diseases,

2) By Composition: Mono Vaccines, Combination Vaccines

3) By Booking Channel: Online Booking, In-Person Booking

4) By Application: Domestic Travel, Outbound Travel

Subsegments:

1) By Hepatitis A: Inactivated Hepatitis A Vaccine, Combination Vaccines

2) By Diphtheria, Pertussis, And Tetanus (DPT): DTP Vaccine (Diphtheria, Tetanus, Pertussis), DTaP Vaccine (Diphtheria, Tetanus, And Acellular Pertussis)

3) By Yellow Fever: Live Attenuated Yellow Fever Vaccine, Booster Dosage Vaccines

4) By Typhoid: Inactivated Typhoid Vaccine, Live Attenuated Typhoid Vaccine

5) By Hepatitis B: Recombinant Hepatitis B Vaccine, Combination Vaccines

6) By Measles And Mumps: Measles, Mumps, And Rubella (MMR) Vaccine, Measles And Rubella (MR) Vaccine

7) By Rabies: Rabies Pre-exposure Prophylaxis (PrEP), Rabies Post-exposure Prophylaxis (PEP)

8) By Meningococcal: Meningococcal Conjugate Vaccine, Meningococcal B Vaccine

9) By Other Diseases: Japanese Encephalitis, Cholera, Influenza, Other Emerging Travel Vaccines

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Which leading companies are shaping the growth of the travel vaccines market?

Major companies operating in the travel vaccines market include Pfizer Inc., Johnson and Johnson, Merck & Co. Inc., Sanofi SA, GlaxoSmithKline plc, Biological E. Limited, Takeda Pharmaceutical Company Limited, Novavax Inc., Emergent BioSolutions UK, Serum Institute of India Pvt. Ltd., Dynavax Technologies, Bavarian Nordic A/S, Valneva SE, Panacea Biotec, Vabiotech, Inovio Pharmaceuticals, Bharat Biotech International Limited, Altimmune Inc., Bio Farma, Vaxart Inc.

What key trends are currently impacting the travel vaccines market’s development?

Product innovation is emerging as a significant trend in the travel vaccine market. Major players in this market are inventing novel vaccines to ensure their dominance. For example, Takeda Pharmaceutical Company Limited, a pharmaceutical company from Japan, attained approval for QDENGA (Dengue Tetravalent Vaccine) (TAK-003) in August 2022. This was granted by Indonesia’s National Agency for Drug and Food Control for the prevention of dengue disease brought on by any serotype in individuals between the ages of 6 and 45. Remarkably, even without previous exposure to the disease, QDENGA proved to retain overall protective effectiveness against dengue and subsequent hospitalization for three years after the immunization process.

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Which geographic areas are influencing the growth of the travel vaccines market?

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

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