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Polio Vaccines Market Size is Expected to Reach USD 1.4 billion, Augmenting at a CAGR of 5.0% by 2034: Transparency Market Research Inc.
Polio Vaccines Market
Polio Vaccines Market (소아마비 백신 시장) is expected to grow at a CAGR of 5.0% from 2024 to 2034 and reach US$ 1.4 Bn by the end of 2034
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Overview of Polio Vaccines Market
The global polio vaccines market is driven by initiatives from governments and organizations like the World Health Organization (WHO) and UNICEF aiming to eliminate polio. The market is segmented by type (OPV and IPV), distribution channel (government immunization programs, private clinics, and hospitals), and geographical regions.
Top Companies:
Sanofi S.A.
GSK plc
Bharat Immunologicals and Biologicals Corporation Limited (BIBCOL)
Serum Institute of India
Panacea Biotec
Beijing Tiantan Biological Products Corp
Bio-Med Healthcare Products Pvt. Ltd.
Halffkine Bio-Pharmaceuticals
Sinovac Biotech Ltd.
Pfizer Inc.
Recent Developments in Polio Vaccines Market
Recent advancements and trends in the polio vaccines market include:
Switch from OPV to IPV: Due to the rare risk of vaccine-derived polio, there is a global shift from OPV to IPV, which contains inactivated virus and poses no risk of vaccine-derived infection.
Novel OPV (nOPV): Development and deployment of novel OPV (nOPV) designed to be more genetically stable and reduce the risk of vaccine-derived poliovirus outbreaks.
Combination Vaccines: Increasing use of combination vaccines that include IPV along with other childhood vaccines to improve immunization coverage and convenience.
Cold Chain Innovations: Advancements in cold chain logistics to ensure the potency and efficacy of polio vaccines in remote and underserved regions.
Global Eradication Initiatives: Strengthening global eradication initiatives, such as the Global Polio Eradication Initiative (GPEI), to enhance surveillance, vaccination coverage, and response to outbreaks.
Drivers of Market Growth
Several factors contribute to the growth of the polio vaccines market:
Government and NGO Initiatives: Strong support and funding from governments and non-governmental organizations to achieve polio eradication through mass immunization campaigns.
Increased Immunization Coverage: Efforts to increase immunization coverage, especially in low-income and high-risk regions, to prevent polio outbreaks.
Technological Advancements: Advancements in vaccine development and manufacturing technologies improving the efficacy, safety, and stability of polio vaccines.
Public Awareness: Growing public awareness about the importance of polio vaccination in preventing the disease and contributing to global eradication efforts.
International Collaborations: International collaborations and partnerships aimed at enhancing polio vaccination efforts, surveillance, and outbreak response.
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Conclusion
The polio vaccines market is poised for significant growth, driven by government and NGO initiatives, increased immunization coverage, technological advancements, public awareness, and international collaborations. Innovations in nOPV, combination vaccines, cold chain logistics, and global eradication initiatives are enhancing the potential and effectiveness of polio vaccination efforts.
Market Key Segments
Type
Inactivated Polio Vaccine (IPV)
Oral Polio Vaccine (OPV)
Application
Public
Private
End-user
Hospitals & Clinics
Public Services
Others
By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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