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Diphtheria Market 2024-2033 : Industry Analysis, Size, Share, Growth And Forecast

Diphtheria Global Market Report 2024

Diphtheria Global Market Report 2024

"The Business Research Company recently released a comprehensive report on the Global Diphtheria Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The diphtheria market size has grown strongly in recent years. It will grow from $8.34 billion in 2023 to $8.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to vaccine development, immunization campaigns, increased awareness, healthcare infrastructure.

The diphtheria market size is expected to see strong growth in the next few years. It will grow to $11.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to emerging outbreaks, booster vaccination programs, global travel and migration, public health preparedness. Major trends in the forecast period include combination vaccines, telemedicine for vaccination, vaccine equity initiatives, public-private partnerships.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/diphtheria-global-market-report

Market Drivers and Trends:

The rising prevalence of bacterial infections is expected to propel the growth of the diphtheria market going forward. A bacterial infection is a sickness or condition attributed to bacterial growth or the toxins produced by bacteria that invade the body. Diphtheria is a serious infection caused by bacteria strains that suppress the immune system and promote the proliferation of Corynebacterium diphtheria. For instance, in November 2022, according to a report published by the European Centre for Disease Prevention and Control, a Sweden-based public health organization, the number of reported infections of Acinetobacter species resistant to various antimicrobial groups was over doubled (+121%) the average in the year 2021 and more than 35,000 people die from antimicrobial-resistant infections in the EU each year. Furthermore, the number of Klebsiella pneumonia cases increased by 31% in 2020 and another 20% in the year 2021. Therefore, the rising prevalence of bacterial infections will drive the diphtheria market.

Companies operating in the diphtheria market are developing innovative drugs and getting approvals to sustain their position in the market. For instance, in October 2022, GlaxoSmithKline plc, a UK-based pharmaceutical and biotechnology company, announced that the US Food and Drug Administration (FDA) approved BOOSTRIX (Tetanus Toxoid, Reduced Diphtheria Toxoid and Acellular Pertussis Vaccine, adsorbed; Tdap) for immunization throughout the third month of the pregnancy to help prevent pertussis (whooping cough) in infants younger than two months of age. The Tdap immunization administered during pregnancy gives the highest protection against whooping cough in the early months of life for newborns. Protective antibodies are transferred from mother to kid when pregnant women are immunized.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
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Major Key Players of the Market:

Pfizer Inc., Johnson & Johnson Co, Roche Holding AG, Merck & Co Inc., AbbVie Inc., Novartis AG, Sanofi SA, Bristol-Myers Squibb Co., AstraZeneca PLC, GlaxoSmithKline PLC, Eli Lilly and Company, Gilead Sciences Inc., Amgen Inc., Moderna Inc., BioNTech SE, Regeneron Pharmaceuticals Inc., Biogen Inc., Vertex Pharmaceuticals Inc., Serum Institute of India, Novavax Inc., Sinovac Biotech Ltd., Emergent BioSolutions Inc., Dynavax Technologies Corporation, Bharat Biotech International Limited, CureVac AG, Inovio Pharmaceuticals Inc., The Native Antigen Company.

Diphtheria Market 2024 Key Insights:

• The Diphtheria Market is expected to grow to $11.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
• Rising Prevalence Of Bacterial Infections Fuels Growth In The Diphtheria Market
• Companies Innovate And Gain FDA Approval For Diphtheria Prevention Drugs
• Asia-Pacific was the largest region in the diphtheria market in 2023. The regions covered in diphtheria market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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The Business Research Company
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Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

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Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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