Travel Vaccines Market Key Highlights:
- Market Size (2024): USD 5,958 Million
- Projected Market Size (2034): USD 12,863 Million
- CAGR (2024-2034): 8%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Travel Vaccines Market Definition
The travel vaccines market is expanding due to the increasing international travel by the population around the globe due to globalization and accessibility to travel everywhere. However, the risk of getting infected due to various diseases has increased owing to exposure to the various parts of the world. To avoid this, travelers are becoming aware of varying healthcare standards and disease prevalence, making vaccination a mandatory precaution. This trend is again bolstered by the increasing leisure travel, international students studying abroad, business travel, etc. Also, government initiatives and stringent regulations play a critical role in market expansion. Many countries recognize the preventive measures for travellers; hence, regulations are made for entering and exiting the country, especially for countries where disease risk is well known. The international health regulations by the WHO require proof of yellow fever vaccination for travelers visiting certain countries. Some governments subsidy vaccinations for their citizens as a part of public health initiatives.
However, the major restraining factor for the global travel vaccines market is the volatile and changing nature of infectious diseases. These diseases are not stable; they change over time since they mutate and change their nature. Hence, it's necessary to combat them with advanced solutions. The awareness about the changing pattern of viruses has led researchers to innovate new formulations, further creating significant opportunities for the travel vaccines market.
Travel Vaccines Market Segmentation:
By Type
- Cholera
- Rabies Vaccine
- Hepatitis
- Typhoid
By Application
Travel Vaccines Market Companies:
- GSK
- Sanofi
- Merck
- Pfizer
- Jintan
- CSL
- MedImmune LLC
- J&J(Crucell)
- China National Biotec
- Tiantan
- Hualan
- Kangtai
- Hissen
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