Fighting Cervical Cancer: Breakthroughs in Vaccine Development and Adoption

"The Business Research Company recently released a comprehensive report on the Global Cervical Cancer 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 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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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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.

Cervical Cancer Vaccine Market 2024 Key Insights:

• 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%.
• Surge In Prevalence Drives Growth Of Cervical Cancer Vaccine Market
• Pioneering Preventive Healthcare With Two-Dose Cervical Cancer Vaccine
• North America was the largest region in the cervical cancer vaccine market in 2023

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This release was published on openPR.