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Unveiling the Massive Scope: An In-Depth Analysis of the Global Pentavalent Market Size || Sanofi, GlaxoSmithKline PLC., Bristol-Myers Squibb Company, Maiden Pharmaceuticals Limited
Pentavalent Market
The Business Research Company's Pentavalent Global Market Report 2023 identifies the rising prevalence of diphtheria is the major driver for the pentavalent market's growth in the forecast period. Corynebacterium diphtheriae is a bacterium that causes the severe, extremely contagious disease known as diphtheria. Diphtheria causes severe difficulties with eating and breathing, as well as the possibility of skin ulcers. The pentavalent vaccine protects children from Diphtheria diseases by a pentavalent immunization in a 3-dose schedule, as a result, the rising prevalence of diphtheria increased the demand for pentavalent vaccines. For instance, in 2022, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, an unusually high number of reported cases of diphtheria were recorded through the International Health Regulations (IHR) reporting process, primarily in the months of June and August 2022.
The global pentavalent market size is expected to grow from $2.43 billion in 2022 to $2.55 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global pentavalent market size is expected to reach $2.98 billion in 2027 at a CAGR of 4%.
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Major competitors in the pentavalent market are Sanofi, GlaxoSmithKline PLC., Bristol-Myers Squibb Company, Maiden Pharmaceuticals Limited, Shandong Xinhua Pharmaceutical Co.,Ltd., Albert David Limited, Serum Institute of India Pvt. Ltd., Panacea Drugs Pvt. Ltd.
A key trend in the pentavalent market includes product innovation. Major companies operating in the pentavalent market are developing innovative products to strengthen their position in the market. For instance, in December 2022, Pfizer, a US-based pharmaceutical company, operating in the pentavalent vaccines market got approval from The United States Food and Drug Administration, a US-based federal agency of the Department of Health and Human Services, for Pfizer's Investigational Pentavalent Meningococcal Vaccine Candidate (MenABCWY) in Adolescents, indicated for the prevention of meningococcal disease in individuals aged10 to 25.
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https://www.thebusinessresearchcompany.com/report/pentavalent-global-market-report
The pentavalent market is segmented -
• By Type: Sodium Stibogluconate, Meglumine Antimoniate
• By Formulation Type: Lyophilized, Liquid
• By Application: Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the pentavalent market.
The Business Research Company's "Global Pentavalent Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Pentavalent Market Include:
1. Executive Summary
2. Pentavalent Market Characteristics
3. Pentavalent Market Trends And Strategies
4. Pentavalent Market - Macro Economic Scenario
5. Pentavalent Market Size And Growth
……………
27. Pentavalent Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pentavalent Market
29. Pentavalent Market Future Outlook And Potential Analysis
30. Appendix
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