Press release
Tetanus Toxoid Vaccine Market Set to Reach $7.22 Billion by 2029 with 7.23% Yearly Growth
Tetanus Toxoid Vaccine
The rising preterm birth rates are expected to drive the growth of the tetanus toxoid vaccine market. Preterm births, occurring before 37 weeks of gestation, present health challenges for newborns. Factors such as increased maternal age, lifestyle choices, and medical interventions contribute to higher preterm birth rates. This rise drives demand for tetanus toxoid vaccines to protect infants from tetanus and other preventable diseases. In December 2022, Tommy's reported an increase in premature births in the UK, from 7.5% in 2021 to 7.9% in 2022. This trend is contributing to the growth of the tetanus toxoid vaccine market.
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What Is the projected market size and growth rate for the tetanus toxoid vaccine market?
The tetanus toxoid vaccine market has shown strong growth in recent years. It is expected to grow from $5.08 billion in 2024 to $5.46 billion in 2025, at a CAGR of 7.5%. Growth drivers include greater awareness, the increasing incidence of tetanus cases, and government initiatives to expand immunization programs.
The tetanus toxoid vaccine market is expected to reach $7.22 billion by 2029 at a CAGR of 7.2%. Growth is driven by increased R&D investments and expanding distribution networks. Trends include vaccine technology advancements, emerging markets, new product launches, and growing vaccine demand.
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What new trends are reshaping the tetanus toxoid vaccine market and its opportunities?
Companies in the tetanus toxoid vaccine market are developing advanced vaccines like the wP-IPV-based pentavalent vaccine to meet the demand for comprehensive immunization solutions. These vaccines protect against multiple diseases with a single injection. For example, in December 2023, Panacea Biotec Limited, an Indian biotech company, launched EasyFourPol, a fully-liquid wP-IPV-based pentavalent vaccine. This vaccine protects against five serious diseases and eliminates the need for on-site preparation, offering the same protection as single-antigen vaccines.
What major market segments define the scope and growth of the tetanus toxoid vaccine market?
The tetanus toxoid vaccine market covered in this report is segmented -
1) By Vaccine Type: Tetanus Toxoid (TT), Diphtheria And Tetanus (DT), Tetanus And Diphtheria (Td), Diphtheria, Tetanus, And Pertussis (Dtap), Tetanus, Diphtheria, And Pertussis (Tdap), Pentavalent, Hexavalent, Other Types
2) By Age Group: Pediatric, Adult
3) By End-User: Hospitals And Clinics, Government Organizations, Other End-Users
Subsegments:
1) By Tetanus Toxoid (TT): Adult Tetanus Toxoid Vaccine, Pediatric Tetanus Toxoid Vaccine
2) By Diphtheria And Tetanus (DT): Pediatric Diphtheria And Tetanus Vaccine, Adult Diphtheria And Tetanus Vaccine
3) By Tetanus And Diphtheria (Td): Booster Td Vaccines, Td Vaccines For Adults, Td Vaccines For Pregnant Women
4) By Diphtheria, Tetanus, And Pertussis (Dtap): Pediatric Dtap Vaccine, Dtap Combination Vaccine For Infants
5) By Tetanus, Diphtheria, And Pertussis (Tdap): Tdap Vaccine For Adolescents, Tdap Vaccine For Adults
6) By Pentavalent: Pentavalent Vaccine For Infants (Including Diphtheria, Tetanus, Pertussis, Hepatitis B, And Hib)
7) By Hexavalent: Hexavalent Vaccine For Infants (Including Diphtheria, Tetanus, Pertussis, Hepatitis B, Hib, And Polio)
8) By Other Types: Combination Vaccines With Additional Antigens, Vaccines For Specific Population Groups (Pregnant Women, Travelers)
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What regions are leading the charge in the tetanus toxoid vaccine market?
North America was the largest region in the tetanus toxoid vaccine market in 2024. The regions covered in the tetanus toxoid vaccine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the tetanus toxoid vaccine industry growth?
Major companies operating in the tetanus toxoid vaccine market are Sanofi S.A., Novartis AG, LG Chem Ltd., GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Merck KGaA, Astellas Pharma Inc., CSL Limited, Zoetis Inc., Meiji Holdings Company Ltd., Walvax Biotechnology, Shenzhen Kangtai Biological Products Co. Ltd., AJ Vaccines AS, PT Bio Farma, Serum Institute of India Pvt. Ltd., Bharat Biotech International Limited, Panacea Biotec Ltd., Amson Vaccines and Pharma Pvt Ltd., Incepta Vaccine Ltd., Mitsubishi Tanabe Pharma Corporation, BioNet-Asia Co. Ltd., Avalon Pharma Pvt. Ltd., Actiza Pharmaceutical Pvt. Ltd
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What Is Covered In The Tetanus Toxoid Vaccine Global Market Report?
•Market Size Forecast: Examine the tetanus toxoid vaccine market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the tetanus toxoid vaccine market for a structured understanding.
•Key Players Overview: Analyze major players in the tetanus toxoid vaccine market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the tetanus toxoid vaccine market.
•Segment Contributions: Evaluate how different segments drive overall growth in the tetanus toxoid vaccine market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the tetanus toxoid vaccine market.
•Industry Challenges: Identify potential risks and obstacles affecting the tetanus toxoid vaccine market.
•Competitive Landscape: Review strategic developments in the tetanus toxoid vaccine market, including expansions, agreements, and new product launches.
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