Press release
Major Driver in Attenuvax Industry: Rising Measles Incidence Driving Growth In The Market
Attenuvax Market Share
Recently, the Attenuvax market has shown a size of $XX. It's projected to increase from $XX million in 2024 to $XX million in 2025, growing at a compound annual growth rate (CAGR) of $XX%. The expansion during the historic period is linked with the increasing occurrence of measles, governmental vaccination plans, collaborations with worldwide health bodies, augmentation in studies, and a decrease in logistic limitations.
In the coming years, the market size for Attenuvax is projected to witness an expansion at a compounded annual growth rate (CAGR) of $XX%. By 2029, the market is anticipated to reach a value of $XX million. Factors contributing to this growth during the prediction period include heightened incidences of pneumococcal, a surge in pediatric populace infections, the launch of numerous public health initiatives, and an increased emphasis on preventive healthcare. The forecast period will also be characterized by distinctive trends such as innovative product introductions, international partnerships for vaccines, escalated funding for vaccination programs, advancements in the domain of vaccine technology, and enhancements in pediatric healthcare.
What Are the Key Drivers Behind the Growth of the Attenuvax Market?
The surge in measles cases is projected to fuel the growth of the attenuvax market. Measles, a contagious viral illness predominantly affecting children and capable of leading to harsh complications, is on the rise due to lower vaccination rates, hesitation towards vaccines, global travel, diminishing herd immunity, deficient healthcare systems, and opposition to vaccination. Attenuvax addresses this issue by offering a highly potent vaccine, which furnishes immunity against the virus. This reduces infection risk, lessens symptom severity, and averts complications related to measles, thus reinforcing overall patient well-being and public health efforts. For example, in November 2024, the World Health Organization, a non-profit health group based in Switzerland, estimated about 107,500 global measles-related deaths in 2023. Furthermore, the US-based government agency, Centers for Disease Control and Prevention reported that in 2024, there were 16 measles outbreaks, with 70% of the cases (197 out of 280) related to the outbreak in comparison to 4 outbreaks in 2023 where 49% of the cases (29 out of 59) were outbreak-linked. Therefore, the escalating prevalence of measles is anticipated to stimulate the attenuvax market.
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Who Are the Major Industry Players Fueling Attenuvax Market Expansion?
Major companies operating in the attenuvax market include Merck & Co. Inc.
How Is the Segmentation of the Attenuvax Market Defined?
The attenuvax market covered in this report is segmented -
1) By Clinical Indication: Measles, Mumps, Rubella
2) By Distribution channel: Hospital Pharmacies, Drug stores, Retail Pharmacies, Vaccination Centre
3) By End Use: Hospitals, Clinics, Ambulatory Care, Home Care
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What Is the Leading Region in the Attenuvax Market?
North America was the largest region in the attenuvax market in 2024. The regions covered in the attenuvax market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Attenuvax Global Market Report?
- Market Size Analysis: Analyze the attenuvax Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the attenuvax 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 attenuvax market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the attenuvax market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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