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Travel Vaccines Market Size, Forthcoming Trends, Growth Rate, Top Players And Forecast To 2032
Travel Vaccines Market Analysis
The Business Research Company's Travel Vaccines Global Market Report 2023 identifies increase in travel and tourism as the major driver for the travel vaccines market's growth in the forecast period. Travel and tourism refer to the movement of people or things, including vehicles like trains, boats, airplanes, and other conveyances, between various remote geographic areas. Travel vaccines are helpful for tourists and travelers by keeping them safe and healthy while they are traveling abroad.
The global travel vaccines market size is expected to grow from $4.07 billion in 2022 to $4.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.31%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 size of travel vaccines market is expected to reach $6.17 billion in 2027 at a CAGR of 8.77%.
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Major competitors in the travel vaccines market are Pfizer Inc., Johnson and Johnson, Merck & Co. Inc., Novartis AG, Sanofi SA, AstraZeneca PLC., GlaxoSmithKline plc, Moderna Inc., BioNTech Europe GmbH.
A key trend in the travel vaccines market includes product innovation. Major companies operating in the travel vaccine market are developing innovative vaccines to sustain their position in the market. For instance, in August 2022, Takeda Pharmaceutical Company Limited, a Japan-based pharmaceutical company, got the approval for QDENGA (Dengue Tetravalent Vaccine) (TAK-003), for the prevention of dengue sickness caused by any serotype in people aged six to 45 from Indonesia National Agency for Drug and Food Control. Regardless of a person's prior exposure to the disease, QDENGA showed three years after immunization that it remained to provide overall protection against dengue sickness and hospitalization.
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The travel vaccines market is segmented -
1) By Disease: Hepatitis A, Diphtheria, Pertussis, And Tetanus (DPT), Yellow Fever, Typhoid, Hepatitis B, Measles And Mumps, Rabies, Meningococcal, Other Diseases,
2) By Composition: Mono Vaccines, Combination Vaccines
3) By Booking Channel: Online Booking, In-Person Booking
4) By Application: Domestic Travel, Outbound Travel
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the travel vaccines market.
The Business Research Company's "Global Travel Vaccines 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 Travel Vaccines Market Include:
1. Executive Summary
2. Travel Vaccines Market Characteristics
3. Travel Vaccines Market Trends And Strategies
4. Travel Vaccines Market - Macro Economic Scenario
……
32. Global Travel Vaccines Market Competitive Benchmarking
33. Global Travel Vaccines Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Travel Vaccines Market
35. Travel Vaccines Market Future Outlook and Potential Analysis
36. Appendix
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