Press release
Cervical Cancer Vaccine Market Size, Product Trends, Key Drivers, Share Analysis And Forecast To 2033
"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Cervical Cancer Vaccine Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $117.01 billion In 2028 At A CAGR Of 7.3%.
The cervical cancer vaccine market size has grown strongly in recent years. It will grow from $82.74 billion in 2023 to $88.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to awareness campaigns and education, government initiatives and vaccination programs, increased incidence of cervical cancer, healthcare provider recommendations, global efforts for women's health..
The cervical cancer vaccine market size is expected to see strong growth in the next few years. It will grow to $117.01 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to expansion of vaccination coverage, integration into routine immunization programs, advancements in hpv testing and screening, global advocacy for hpv vaccination, rising focus on adolescent vaccination.. Major trends in the forecast period include incorporation of new adjuvants, integration of digital health platforms, innovative vaccine development, public-private partnerships, educational campaigns and advocacy..
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Cervical Cancer Vaccine Market Major Segments
The cervical cancer vaccine market covered in this report is segmented -
1) By Type: Cervarix, Gardasil, Gardasil 9
2) By Distribution Channels: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
3) By End-Users: Hospital, Biotechnology Company, Academic And Research Organizations, Other End-Users
Key Driver - Surge In Prevalence Drives Growth Of Cervical Cancer Vaccine Market
The rising prevalence of cervical cancer cases is expected to propel the growth of the cervical cancer vaccine market going forward. Cervical cancer refers to a type of cancer that affects the lower part of the uterus (womb), the cervix, which connects to the upper part of the vagina. The rising number of cervical cancer cases is mostly driven by a lack of Human papillomavirus vaccines (HPV) vaccination, a lack of hygiene, and insufficient awareness and knowledge about cervical cancer. Cervical cancer vaccines are highly effective in preventing the development of cervical cancer by targeting the high-risk types of human papillomavirus (HPV). For instance, in January 2023, according to the American Cancer Society, a US-based nonprofit cancer advocacy organization, the number of cervical cancer cases reported in the US was 13,960. Therefore, the rising number of cervical cancer cases is driving the growth of the cervical cancer vaccine market.
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Prominent Trend - Pioneering Preventive Healthcare With Two-Dose Cervical Cancer Vaccine
Product innovation has emerged as a key trend gaining popularity in the cervical cancer vaccine market. Leading market players are focusing their resources on developing groundbreaking products to fortify their market presence. For instance, in May 2022, GlaxoSmithKline, a UK-based pharmaceutical company, received approval from the National Medical Products Administration (NMPA) for its two-dose vaccine schedule, Cervarix, for girls ages nine to fourteen to prevent cervical cancer. With the granted approval, Cervarix has become the first two-dose imported HPV vaccine for this age group in mainland China.
Cervical Cancer Vaccine Market Players
Major companies operating in the cervical cancer vaccine market report are Pfizer Inc., Johnson & Johnson, Merck & Co Inc., Novartis AG, Sanofi Pasteur, Bristol-Myers Squibb Company, GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Moderna Inc., BioNTech SE, CSL Limited, Daiichi Sankyo Company Limited, Sinovac Biotech Ltd., Bharat Biotech International Limited, Serum Institute of India (SII), Walvax Biotechnology Co Limited, Bavarian Nordic A/S, CureVac N.V, Profectus Biosciences Inc., Genexine Inc., Inovio Pharmaceuticals Inc., Aston Scientific Inc., Ultimovacs ASA, Nykode Therapeutics AS, Heat Biologics Inc., Northwest Biotherapeutics Inc., VBI Vaccines Inc., OncBioMune Pharmaceuticals Inc., Advaxis Inc., Immunovaccine Inc.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the cervical cancer vaccine market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cervical cancer vaccine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cervical Cancer Vaccine Market Report Structure
3. Cervical Cancer Vaccine Market Trends And Strategies
4. Cervical Cancer Vaccine Market - Macro Economic Scenario
5. Cervical Cancer Vaccine Market Size And Growth
…..
27. Cervical Cancer Vaccine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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