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In-Depth Analysis Of The Global Dengue Vaccine Market: Key Drivers, Trends, Growth Opportunities, And Forecast
Global Dengue Vaccine Market
The global dengue vaccine market reached a value of nearly $0.408 billion in 2024, having grown at a compound annual growth rate (CAGR) of 174.86% since 2019. The market is expected to grow from $0.408 billion in 2024 to $0.987 billion in 2029 at a rate of 19.32%. The market is then expected to grow at a CAGR of 16.77% from 2029 and reach $2.143 billion in 2034.
What strategies are being adopted by key players in the Dengue vaccines market?
The key players in the market are adopting extensive strategies in the Dengue vaccines market such as:
• Expanding manufacturing capabilities through strategic collaborations
• Enhancing production capacity via key partnerships
• Strengthening manufacturing processes through strategic alliances
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To take advantage of opportunities, The Business Research Company suggests that Dengue vaccines companies enhance offerings:
• Prioritizing the development of innovative diagnostic kits for early detection and improved accuracy of dengue infections
• Enhancing diagnostic capabilities to enable timely treatment of dengue
• Focusing on strategic investments to expand product portfolios
• Aiming to enhance vaccine efficacy and improve global accessibility
• Embracing strategic partnerships to advance the development of next-generation vaccines
What Are Dengue vaccines: Market Overview?
A dengue vaccine is a biological preparation designed to protect individuals against dengue fever, a viral infection caused by the dengue virus (DENV). This virus is transmitted primarily through the bite of infected Aedes mosquitoes, especially Aedes aegypti. Dengue fever causes a range of symptoms, from mild flu-like illness to severe complications such as dengue hemorrhagic fever and dengue shock syndrome, which can be life-threatening.
Dengue vaccines are utilized primarily by individuals living in or traveling to dengue-endemic areas, including Africa, Asia, Central and South America. Governments, healthcare providers, non-governmental organizations and international bodies such as the World Health Organization (WHO) are key users, often implementing mass immunization campaigns or integrating the vaccine into national immunization schedules. The vaccine is complementary to vector control programs such as mosquito nets, insecticides and community-level sanitation efforts.
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Who Are The Major Companies Operating In The Global Dengue vaccines Market?
The top ten competitors in the market made up to 100.0% of the total market in 2023. Takeda Pharmaceutical Company Limited was the largest competitor with a 90.85% share of the market, followed by Sanofi SA with 9.15%.
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