Press release
Global Diphtheria Vaccine Market , Trends, Analysis, Opportunities, Share and Forecast – 2019-2025
Diphtheria Vaccine Market
Increasing investment in research and development activities, growing government and institutional support for the vaccination programs, and growing demand from the emerging economies are expected to develop new opportunities for global diphtheria, pertussis, and tetanus (DTaP) vaccine market for the forecast period.
The market of diphtheria vaccine market is expected to grow from USD 2.97 Billion in 2018 to USD 5.07 Billion by 2025, at a CAGR of 6.91% during 2019-2025
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The pertussis segment led the global DTaP vaccine market with a revenue of USD 1.44 billion in 2018. The growing incidence of childhood pertussis is the main driving factor behind the surge in the market share. The end-user segment is divided into hospitals, clinics, and vaccination centers. There has been a global push for bringing more and more children under the vaccination umbrella. World Bank, local governments along with CSR foundations taking forward this cause that is stimulating the growth of the market. Thus, the vaccination centers segment is expected to grow at the highest CAGR of 8.98% over the forecast period. The vaccination centers contained the large storage of vaccines supporting in a boost of this market growth.
The Asia Pacific region is expected to grow at the highest CAGR of 9.02% over the forecast period. This increased growth can be attributed to a huge number of infant population and rising awareness about the benefits of vaccination is anticipated to drive the regional growth of the Asia Pacific region in global diphtheria, pertussis, and tetanus (DTaP) vaccine market during the forecast period.
The prominent players in the diphtheria vaccine market are as follows; GlaxoSmithKline, Sanofi Pasteur, Wyeth (Pfizer), Merck Novartis, Beijing Tiantan Biological Products, Shanghai Institute of Biological Products, Wuhan Institute of Biological Products. Chengdu Institute of Biological Products, Changchun Changsheng Life Sciences.
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