Positive Impact Of COVID 19 On Diphtheria, Tetanus and Pertussis (DTP) Vaccine Market
Key factors such as increased demand for DTaP vaccines and increased pertussis vaccine adoption worldwide drive the growth of the DTaP segment. In addition, high efficacy and increased demand in developing countries are expected to lead the market during the forecast period. In addition, introducing a new vaccine combination with DTaP provides opportunities for market participants.
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Based on the age segment, due to the increase in the global obesity population, the child segment is expected to grow at a significant annual average growth rate of 4.9% over the forecast period. Vaccines for adults appear to have high growth potential due to an increased incidence of infectious diseases in adults. In addition, the growth of research and development and strong product pipelines also appear to increase the growth of this segment over the forecast period.
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End-users have a large share of the DTP vaccine market in the hospital sector in 2019, and because these vaccines are faster to use in hospitals and shorter procedures. Hospitals are an integral part of the healthcare sector, serving as a major source of revenue generation and supporting research and innovation.
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Key findings from the study
• DTaP is expected to be one of the most profitable segments with a CAGR of 5.0% over the forecast period.
• The pediatric division has the largest share of the global DTP vaccine market in 2019, and is expected to grow at a CAGR of 4.9% over the forecast period.
• The United States dominated the North American DTP vaccine market and is expected to maintain this trend throughout the forecast period.
• India is expected to have the highest growth rate in the Asia Pacific DTP vaccine market, with an average annual growth rate of 6.6% over the forecast period.
• South Africa is expected to have the highest growth rate in the LAMEA DTP vaccine market and an average annual growth rate of 5.5% over the forecast period.
In 2019, North America is expected to dominate during the forecast period due to the high awareness and demand for DTaP vaccines and the presence of key key players along with R&D laboratories. In addition, the extensive availability of advanced systems complements the growth of the DTP vaccine market. However, the Asia-Pacific region is expected to show the highest CAGR during the forecast period due to increased awareness of countries such as India and China.
The major players in the DTaP vaccine market worldwide are AJ vaccine, Bionet-Asia, GlaxoSmithKline plc (GSK), Johnson & Johnson, Massbiologics, Meiji Holdings Co., Ltd. (KM biologics co., Ltd.), Merck & Co. , Inc., Panacea Biotec Ltd., Sanofi and Serum Institute of India Pvt. Corporation
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