Travelers Vaccine Industry Research Market Size By Composition, By Target Disease, By Geographic Scope And Forecast


Posted May 26, 2021 by jennysmith22119

Some of the key contributing factors propelling the growth of the Global TravelersVaccine Industry Research Market are the growing tourism industry and a rise ininstances of travel-related diseases.

 
Travelers Vaccine Industry Research Market SizeAnd Forecast
TravelersVaccine Industry Research Market is growing at a faster pace with substantialgrowth rates over the last few years. It is estimated that the market will growsignificantly in the forecasted period i.e. 2021 to 2028.

Some of the key contributing factors propelling the growth of the Global TravelersVaccine Industry Research Market are the growing tourism industry and a rise ininstances of travel-related diseases. The Global Travelers Vaccine IndustryResearch Market report provides a holistic evaluation of the market. The reportoffers a comprehensive analysis of key segments, trends, drivers, restraints,competitive landscape, and factors that are playing a substantial role in themarket.

GlobalTravelers Vaccine Industry Research Market Definition
Avaccine is a preparation used to stimulate the production of antibodies andprovide immunity against one or multiple diseases. Vaccines are made from aweakened or killed form of microbes and can be prophylactic or therapeutic. Theefficacy of the vaccine is dependent on disease pathophysiology, the scheduleof the vaccination, and genetic predisposition among others. The prevalence ofinfectious diseases is very specific in a specific region. Moreover, vaccinesare widely used as a preventive measure against the known infectious diseases.The travelers are educated to follow the region-specific immunization plan.

Theprevalence of contagious diseases is very specific in a specific region.Travelers vaccine, also known as travel immunizations, are the vaccines thattourists get before they travel to other parts of the world that can protectthem from potentially dangerous diseases. Travelers vaccines contain a weakenedor killed form of bacteria or viruses that trains the body’s immune system sothat it can prevent diseases by producing antibodies. Travel vaccinationprovides immunization by minimizing the risk of getting ill while traveling.Vaccines are commonly given by injections, but some are given orally as well.

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GlobalTravelers Vaccine Industry Research Market Overview
Therapid growth in the tourism industry and increase in the incidence oftravel-related diseases is an important driver for the Global Travelers VaccineIndustry Research Market. The number of international tourist arrivalsworldwide has increased manifolds in recent years. Many such travelers travelfrom developed countries to regions with endemic diseases. This accelerates thedemand for vaccines and is expected to further propel the Global TravelersVaccine Industry Research market growth. Other important drivers are thetechnological advancements and increasing instances of life-threateningcontagious diseases and the growing number of awareness programs aboutvaccines.

Regulatoryauthorities across the world are increasingly mandating the vaccination oftravelers before going to disease-prone regions. Thus, travel vaccines have nowbecome an essential item in the checklist of an international traveler. This isexpected to provide new profitable opportunities leading to the growth of theGlobal Travelers Vaccine Industry Research market. Increasing investment in thedevelopment of new vaccines by pharmaceutical players and the development ofcombination vaccines also adds to the growth prospects. Other opportunities liein the technological advancements and rising risks of travel-related ailmentssuch as Hepatitis A & E, yellow fever, swine influenza, and Ebola fever.Thus, there are ample growth opportunities for the market. However, there aresome restraints like the strict regulatory processes, high experimental cost,and lack of skilled resources for the production of vaccines which can hinderthe growth of the traveler vaccine industry research market.

GlobalTravelers Vaccine Industry Research Market: Segmentation Analysis
TheGlobal Travelers Vaccine Industry Research Market is segmented based onComposition, Target Disease, and Geography.

TravelersVaccine Industry Research Market by Composition
•Mono Vaccines
• Combination Vaccines

Interms of composition, combination vaccines account for the majority of themarket share as they are administered to travelers in order to protect againstmultiple diseases.

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TravelersVaccine Industry Research Market by Target Disease
•Influenza
• Hepatitis A
• Typhoid
• Yellow Fever
• DPT
• Others

Interms of target disease, hepatitis A represents a major segment, whichdominates the market. It is a viral disease that can be contracted throughdirect contact with an infected person or the consumption of contaminated foodand water.

TravelersVaccine Industry Research Market by Geography
•North America
• Europe
• Asia Pacific
• Rest of the world

NorthAmerica is expected to lead the Global Travelers Vaccine Industry Researchmarket by geography due to the increased funding in research and development activitiesfor the development of vaccines. Also, a large number of players in the regionare bringing in a superior range of travel vaccines. The Asia Pacific region isalso an emerging market for travelers vaccine market research owing to theup-gradation of healthcare infrastructure and rising government expenditurestowards vaccine research.

KeyPlayers in the Travelers Vaccine Industry Research Market
The“Global Travelers Vaccine Industry Research Market” study report will providevaluable insight with an emphasis on the global market. The major players inthe market are GlaxoSmithKline,Sanofi, Merck and Co. Inc., Novartis AG, Pfizer Inc, Kedrion Biopharma, VaxinInc., AstraZeneca, and Abbott Laboratories.

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Last Updated May 26, 2021