Press release
Global Quadrivalent Market: Projections, Key Trends, and Growth Drivers for 2024-2029
Global Quadrivalent Market
What Is The Projected Market Size Of The Global Quadrivalent Market And Its Growth Rate?
The quadrivalent market is set for significant expansion in the coming years:
- The market growth is attributed to factors like disease complexity, educational initiatives, past health events, and technological progress.
- The market is projected to grow from $8.87 billion in 2024 to $9.61 billion in 2025, representing a CAGR of 8.2%.
- Continuing its growth trajectory, the quadrivalent market size is expected to reach $14.22 billion by 2029 at a CAGR of 10.3%.
- Key drivers for this substantial growth include global health events, competitive dynamics, educational campaigns, regulatory changes, and evolving disease patterns.
What Is Driving The Growth In The Quadrivalent Market?
The quadrivalent market is seeing significant growth due to the rising prevalence of chronic and infectious diseases. Quadrivalent vaccines play a crucial role in preventing morbidity and mortality from serious infections, and are increasingly being utilized for chronic diseases where infectious agents contribute to carcinogenesis. Recent data from the CDC demonstrates that a higher overall positivity rate and larger proportion of influenza B cases over time, indicating a pressing need for effective prevention strategies such as quadrivalent vaccines. Therefore, the increasing burden of chronic and infectious diseases is fueling the quadrivalent market's growth.
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Who Are the Key Players Driving Quadrivalent Market Growth?
Leading companies in the quadrivalent market include:
- AstraZeneca Plc
- Serum Institute of India Private Limited
- Sanofi S.A.
- GlaxoSmithKline Plc
- CSL Limited
- Bharat Biotech International Limited
- Hualan Biological Engineering Inc.
- Merck & Co. Inc.
- Johnson & Johnson Services Inc.
- Pfizer Inc.
- Bio Med Pvt. Ltd.
- Walvax Biotechnology Co. Ltd.
- Chongqing Zhifei Biological Products Co. Ltd.
- Emergent BioSolutions Inc.
- Biological E. Limited
- GSK Biologicals SA
- Institute of Vaccines and Biological Products Chinese Academy of Medical Sciences
- Wuhan Institute of Biological Products Co. Ltd.
- Beijing Tian Tan Biological Products Co. Ltd.
- Shanghai Zhijiang Bio-pharm Co. Ltd.
- Bio Farma
- Butantan Institute
- Pasteur Institute of India
- China National Biotec Group Co. Ltd. (CNBG)
What Are The Key Trends In The Quadrivalent Market?
Key trends shaping the future of the quadrivalent market are:
- Disease prevalence
- Changing regulatory environment
- Evolving healthcare infrastructure
- Growing consumer awareness and education
- Emerging competitive landscape
What Are The Segments Of The Global Quadrivalent Market?
The global quadrivalent market is segmented into:
- Type: Intradermal Shot, Intramuscular Injection, Nasal Spray
- Technology: Conjugated, Live, Inactivated, Recombinant, Toxoid, Other Technologies
- Disease: Cancer, Hepatitis, Pneumococcal Disease, COVID-19, Influenza, Human Papilloma Virus, Meningococcal Disease, Polio, Rotavirus, Other Diseases
- Age Group: Pediatric, Adult
- Distribution Channel: Hospital And Pharmacy, Government Suppliers, Other Channels (NGOs)
Which Region Leads The Quadrivalent Market?
North America was the largest region in the quadrivalent market in 2024. Other regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Quadrivalent Market Global Market Report?
- Market Size Analysis: Analyze the Quadrivalent Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Quadrivalent Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Quadrivalent Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Quadrivalent Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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