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Typhoid Fever Vaccines Market is Projected to Reach US$ 525.32 million by 2027

06-24-2022 11:15 AM CET | Health & Medicine

Press release from: The Insight Partners

Typhoid Fever Vaccines Market is Projected to Reach US$ 525.32

According to our new market research study on "Typhoid fever vaccines Market to 2027 - Global Analysis and Forecast - by vaccine type and route of administration," the market is expected to reach US$ 525.32 million by 2027 from US$ 262.81 million in 2019. The market is estimated to grow with a CAGR of 9.3% from 2020 to 2027. The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth.

The scope of the Typhoid fever vaccines market includes procedure Typhoid fever vaccines type, route of administration, and region. The market for Typhoid fever vaccinesis analyzed based on regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the Typhoid fever vaccines market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the globe.

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Leading Typhoid Vaccines Market market Players:

Shanghai institute of biological products co., ltd., Bharat Biotech, Sanofi, GlaxoSmithKline, Paxvax Inc., PT Bio Farma, BIO-MED, Prokarium Ltd., Scandinavian Biopharma are among the leading companies operating in the Typhoid fever vaccines market.

Typhoid is an infectious diseases caused due to contaminated food and water. Typhoid is a bacterial infection that can lead to a high fever and it is caused by the bacteria Salmonella typhi. This disease is rare in developed countries and vaccines are recommended in the areas where the disease is prevalent. There are two types of vaccines to prevent typhoid fever. One is an inactivated (killed) vaccine and the other is a live, attenuated (weakened) typhoid fever vaccine. Inactivated typhoid vaccine is administered as an injection.

Segmentation:

Based on vaccine type, the market is segmented in to live attenuated vaccine, capsular polysaccharide vaccines, conjugate vaccine, and others.In 2019, the capsular polysaccharide vaccines segment accounted for the highest share of the market. Growth of this segment is attributed to the effectiveness associated with in preventing infections and increasing patient pool across the globe. The Live Attenuated Vaccine segment is likely to register highest CAGR in the global Typhoid fever vaccines market during the forecast period.

Global Typhoid fever vaccines Market, based on route of administration, the Typhoid fever vaccines market is segmented into oral and injections. The injectable segment held the largest share of the market in 2019, whereas the oral segment is anticipated to register the highest CAGR of 10.1% in the market during the forecast period.

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COVID-19 pandemic has become the most significant challenge across the world. This challenge will be frightening especially in developing countries across the globe as it will lead to reducing imports due to disruptions in global trade, which further increases the shortages of medical supplies and other goods, resulting in a considerable price increase. The World Health Organization and UNICEF warned an alarming decline in the number of children receiving life-saving vaccines around the world. This is due to disruptions in the delivery and uptake of immunization services caused by the COVID-19 pandemic. In 2019, UNICEF procured an estimated 2.43 billion doses of vaccines to around 100 countries to reach around 45% of the world's children below the 5-year-old age group.

Typhoid fever vaccines Type-BasedInsights
Global Typhoid fever vaccines Market, based on Typhoid fever vaccines type, the Typhoid fever vaccines market is segmented into live attenuated vaccine, capsular polysaccharide vaccines, conjugate vaccine, and others. In 2019, the capsular polysaccharide vaccinessegment accounted for the highest share of the market. Growth of this segment is attributed to the effectiveness associated with in preventing infectionsand increasing patient pool across the globe. The Live Attenuated Vaccine segment is likely to register highest CAGR in the global Typhoid fever vaccines market during the forecast period.

Route of administration-BasedInsights
Global Typhoid fever vaccines Market, based on route of administration, the Typhoid fever vaccines market is segmented into oral and injections. The injectable segment held the largest share of the market in 2019, whereas the oral segment is anticipated to register the highest CAGR of 10.1% in the market during the forecast period.

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Our research and insights help our clients anticipate upcoming revenue compartments and growth ranges. This will help our clients invest or divest their assets.

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It is extremely vital to have an impartial understanding of market opinions for a strategy. Our insights provide a keen view on the market sentiment. We keep this reconnaissance by engaging with Key Opinion Leaders of a value chain of each industry we track.

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Our research ranks investment centers of market by considering their future demands, returns, and profit margins. Our clients can focus on most prominent investment centers by procuring our market research.

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Our research and insights help our clients identify compatible business partners.

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Typhoid Vaccines Market Segmented by Region/Country: North America, Europe, AsiaPacific, Middle East & Africa, and Central & South America

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If you have any queries about this report or if you would like further information, please

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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