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Respiratory Disease Vaccine Global Market 2024 - By Market Size, Share, Trends, Industry Insights Forecast To 2033
The Business Research Company's Respiratory Disease Global Market Report 2023 identifies increasing incidence of tuberculosis as the major driver for the Respiratory Disease market's growth in the forecast period. Tuberculosis (TB) is a type of respiratory disease caused by the bacterium Mycobacterium tuberculosis, which primarily affects the lungs and potentially impacts other organs and systems in the body, leading to various complications. The increasing incidence of tuberculosis can catalyze efforts to develop and distribute respiratory disease vaccines to reduce the spread of tuberculosis.
The respiratory disease vaccine market size has grown steadily in recent years. It will grow from $68.4 billion in 2023 to $69.99 billion in 2024 at a compound annual growth rate (CAGR) of 2.3%. The growth in the historic period can be attributed to rising prevalence of respiratory diseases, increased public vaccination awareness, public health initiatives, growing demand for effective and more tolerable vaccines. The respiratory disease vaccine market size is expected to see steady growth in the next few years. It will grow to $76.18 billion in 2028 at a compound annual growth rate (CAGR) of 2.1%.
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Major competitors in the Respiratory Disease market are Pfizer Inc., Johnson & Johnson Ltd., Merck & Co. Inc., Sanofi SA, AstraZeneca PLC.
A key trend in the Respiratory Disease market includes rising incidence of smoking. Smoking refers to the act of inhaling and exhaling the smoke produced by burning tobacco or tobacco-containing products that can cause various health risks, including tracheitis, heart disease, stroke, and cancer. Respiratory disease vaccines can provide a degree of protection against specific infections for individuals who smoke. For instance, in July 2022, according to Statistics Canada, a Canada-based government agency, cigarette production increased by 5.8% compared to June 2021. Also, the total number of cigarettes sold rose 1.3% from May 2022, reaching 1.4 billion in June 2022. Therefore, the rising incidence of smoking is driving the growth of the respiratory disease vaccine market.
Read More On The Global Respiratory Disease Market Report Here: https://www.thebusinessresearchcompany.com/report/respiratory-disease-vaccine-global-market-report
The Respiratory Disease market is segmented -
• By Type: Viral Vaccine, Bacterial Vaccine, Combination Vaccine
• By Infection: COVID-19, Influenza, Respiratory Syncytial Virus (RSV), Pneumonia, Other Infections
• By Age: Infant, Adolescent, Adult
• By End-User: Clinic, Hospital, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Respiratory Disease market.
The Business Research Company's "Global Respiratory Disease 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 Respiratory Disease Market Include:
1. Executive Summary
2. Respiratory Disease Vaccine Market Characteristics
3. Respiratory Disease Vaccine Market Trends And Strategies
4. Respiratory Disease Vaccine Market - Macro Economic Scenario
5. Global Respiratory Disease Vaccine Market Size and Growth
.................
32. Global Respiratory Disease Vaccine Market Competitive Benchmarking
33. Global Respiratory Disease Vaccine Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Respiratory Disease Vaccine Market
35. Respiratory Disease Vaccine Market Future Outlook and Potential Analysis
36. Appendix
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