Mumps Vaccine Market Is AT A CAGR of 6.4% During 2022-2032 | Sanofi, Serum Institute , Bavarian Nordic, Astellas Pharma

The global mumps vaccine market was valued at USD 2.0 billion in 2022 and it is anticipated to grow further till USD 3,7 billion by 2032, at a CAGR of 6.4% during the forecast period.

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The immunizations used to prevent the mumps virus infection are known as mumps vaccines. The MMR vaccine, which is administered intravenously, is the vaccine of choice to protect against mumps infection. The live attenuated viruses of the three illnesses are used in this injection-based vaccine. Children under the age of 12 months and adults who are not at a high risk of exposure and transmission receive one dose of the MMR vaccination. Children between the ages of 2 and 18 as well as adults who run the risk of contracting the mumps are advised to have two doses of the vaccine.

Market Driver & Trends

Due to the large number of customers who are health-conscious, the pharmaceutical sector is growing and innovating to produce vaccines, which opens up opportunities for the mumps vaccine market to expand. The availability of increasing healthcare infrastructure, an increase in unmet healthcare demands, an increase in the occurrence of infectious diseases like the mumps diseases, and a surge in demand for mumps vaccines are all predicted to contribute to the growth of the mumps vaccine market.

Furthermore, the desire for better healthcare services, considerable government investments in enhancing the infrastructure for healthcare, and the growth of the medical tourism sector in emerging nations are all contributing to the significant growth of the global market for measles vaccines.

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Major Players in the Global Mumps Vaccines Market

The key players studied in the report are MedImmune, Johnson & Johnson, Merck & Co., Inc., Sanofi, Serum Institute of India, Bavarian Nordic, Astellas Pharma India, CSL Limited, Emergent BioSolutions, and GlaxoSmithKline among others.

COVID-19 Impact

The global mumps vaccination market is expected to experience a decline due to the COVID-19 outbreak. Immunization is one of the most effective public health measures for the prevention of disease, which has decreased in recent years, according to the World Health Organization (WHO). Global vaccination rates have decreased as a result of the COVID-19 pandemic and related illnesses, and 25 million children will not have had their vaccinations in 2021.

Additionally, COVID-19 has endangered campaigns to raise awareness of viral illnesses including the mumps, measles, and rubella as a result of the healthcare industry focusing its resources and attention on COVID-19. Additionally, the government's support for vaccination campaigns and financing decreased as a result of the increased funding for COVID-19.

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Global Mumps Vaccine Market Segmentation

By Age Group

Pediatric
Adult

By Distribution Channel

Hospitals & Clinics
Vaccination Centers

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This release was published on openPR.