Typhoid Vi Polysaccharide Vaccine Market Trends, Top Companies, Share, Growth And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Typhoid Vi Polysaccharide Vaccine 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.

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According to The Business Research Company's, The typhoid vi polysaccharide vaccine market size has grown rapidly in recent years. It will grow from $4.98 billion in 2023 to $5.84 billion in 2024 at a compound annual growth rate (CAGR) of 17.3%. The growth in the historic period can be attributed to disease prevalence, global health initiatives, traveler vaccination, government immunization efforts, vaccine efficacy and safety.

The typhoid vi polysaccharide vaccine market size is expected to see rapid growth in the next few years. It will grow to $11.28 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%. The growth in the forecast period can be attributed to expanded immunization programs, global health policy focus, epidemiological surveillance, rising demand in travel medicine, environmental and social factors. Major trends in the forecast period include r&d investments, regulatory support, epidemiological studies, public health awareness.

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Market Drivers and Trends:

Growing immunization campaigns is expected to propel the growth of the typhoid Vi polysaccharide vaccine market going forward. Immunization campaigns refer to delivery strategy used to quickly reach large numbers of individuals with one or more vaccines, typically conducted at the national or sub-national level . Immunization campaigns are essential for the effective deployment and utilization of the typhoid Vi Polysaccharide Vaccine, especially in regions where typhoid fever poses a significant public health challenge. For instance, in April 2022, with support from Gavi, the Vaccine Alliance, a public-private global health partnership, World Health Organization, a Switzerland-based intergovernmental organization, United Nations International Children's Emergency Fund, a US-based Humanitarian aid organization and other partners, the Government of Nepal launched a new vaccine campaign introducing Typhoid Conjugate Vaccine (TCV) into the routine immunisation programme across the country. The 3-week campaign, which will run from 8th April to 1st May 2022, aims to reach all children between 15 months and 15 years to quickly achieve wider protection from typhoid, increase the impact of the vaccine introduction and combat the rise of antimicrobial resistance. Over 50,000 vaccination sites have been established across rural and urban settings in the country, including schools. Therefore, growing immunization campaigns is driving the growth of the typhoid Vi polysaccharide vaccine market.

Strategic partnerships are a key trend gaining popularity in the typhoid Vi polysaccharide vaccine market. Major companies operating in the typhoid Vi polysaccharide vaccine market are entering into partnerships to strengthen their position in the typhoid Vi polysaccharide market. For instance, in July 2022, The International Vaccine Institute, a South Korea-based international organization focused on infectious diseases of global health importance such as cholera, typhoid, shigella, and salmonella, partnered with Moderna, a US-based biopharmaceutical company. This partnership led to the world's first affordable oral cholera vaccine and a new-generation typhoid conjugate vaccine.

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Major Key Players of the Market:

Sanofi Pasteur SA, GlaxoSmithKline plc, Merck & Co. Inc., Pfizer Inc., Johnson & Johnson Private Limited, AstraZeneca plc, Takeda Pharmaceutical Company Limited, Sun Pharmaceutical Industries Ltd., Mallinckrodt Pharmaceuticals, Emergent Biosolutions Inc., PT Bio Farma, Bharat Biotech International Limited, Teva Pharmaceutical Industries Ltd., Novartis AG, Mylan NV, Serum Institute of India Pvt. Ltd., Biological E. Limited, Panacea Biotec Ltd., Shantha Biotechnics Pvt. Ltd., Cadila Healthcare Ltd., Merck Sharp & Dohme Corp., AstraZeneca Limited, Boryung Pharmaceutical Co., Bio-Med Pvt. Ltd., LG Chem, SK Chemicals Co. Ltd., Crucell Switzerland AG, Hualan Biological Engineering Inc., Indian Immunologicals Limited

Typhoid Vi Polysaccharide Vaccine Market 2024 Key Insights:

• The typhoid vi polysaccharide vaccine market size is expected to see rapid growth in the next few years. It will grow to $11.28 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%.
• Escalating Typhoid Prevalence Fuels Expansion In The Typhoid Vi Polysaccharide Vaccine Market
• International Vaccine Institute's Dynamic Partnerships With Moderna And Gsk Fuel Advances In Typhoid Vi Polysaccharide Vaccine Market
• Asia-Pacific was the largest region in the typhoid Vi polysaccharide vaccine market share in 2023

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