Press release
Leading Growth Driver in the Engerix-B Market in 2025: Rising Prevalence Of Hepatitis B Virus Infection Driving Growth In The Market Driver's Influence
Engerix-B Market
Rapid expansion is witnessed in the Engerix-B market with a HCAGR of $XX in recent years. The market value is expected to rise from $XX million in 2024 to $XX million in 2025, exhibiting a compound annual growth rate (CAGR) of $XX%. The historical growth of this market has been driven by factors such as the rising incidence of hepatitis B, expansive government vaccination initiatives, amplified awareness of hepatitis B, enhancements in healthcare facilities, and increasing global travel and migration trends.
Predictions indicate that the market size of Engerix-B will experience an augmentation of $XX in the impending years, escalating to a value of $XX million by 2029 with a Compound Annual Growth Rate (CAGR) of $XX%. The foreseen growth in this period is attributed to numerous factors including the expansion of vaccine access in emerging markets, government-supported immunization programs, an accentuating emphasis on preventive healthcare and vaccination and an escalating awareness of chronic hepatitis B. The forecast period also showcases significant trends such as the increasing inclination towards combination vaccines, the growing use of digital health technologies in vaccine administration, the application of novel delivery systems, and government-led mass immunization initiatives and awareness campaigns, alongside rising governmental initiatives and policies.
What Are the Forces Behind the Rapid Growth of the Engerix-B Market?
The increasing occurrence of hepatitis B virus (HBV) infection is anticipated to boost the engerix-B market's expansion in the future. HBV infection, caused by HBV itself, is a serious condition that could lead to chronic disease, detrimental effects on the liver, and a heightened probability of liver cancer. Contributing factors to HBV infection's proliferation include unprotected sex, contact between blood, inadequate immunization, and weakened immune system. The composition of Engerix-B includes a harmless variant of the HBV surface antigen that prompts the immune system to secure protection against the virus, providing enduring immunity, thereby lowering the possibility of HBV infection and related complications. For example, the New York State Department of Health, a US government arm, reported an 11% rise in cases of chronic hepatitis B in 2022 compared to 2021, with 1,984 new incidents in November 2023. Hence, the escalating occurrence of HBV infections is fuelling the surge of the engerix-B market.
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Who Are the Dominant Companies Influencing Engerix-B Market Trends?
Major companies operating in the engerix-b market include GlaxoSmithKline plc.
What Are the Different Segmentations in the Engerix-B Market?
The engerix-b market covered in this report is segmented -
1) By Indication: Prevention Of Hepatitis B Virus (HBV) Infection, Chronic Hepatitis B Prevention, Healthcare Workers And High-Risk Populations, Post-Exposure Prophylaxis
2) By Distribution Channel: Hospitals, Clinics, Vaccination Centers, Pharmacies
3) By End-Use: Private Healthcare Providers, Long-Term Care Facilities, Educational Institutions
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Which Region Is at the Forefront of the Engerix-B Market?
North America was the largest region in the engerix-B market in 2024. The regions covered in the engerix-b market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Engerix-B Global Market Report?
- Market Size Analysis: Analyze the engerix-b Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the engerix-b 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 engerix-b market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the engerix-b market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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