Press release
Mumps Vaccine (MumpsVax) Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Mumps Vaccine MumpsVax
The amplified incidence of infectious diseases is anticipated to spur the growth of the mumpsvax market. Pathogenic microorganisms like viruses, bacteria, fungi or parasites cause infectious diseases, which can transmit from person to person or through a contaminated environment. The spread of these diseases is influenced by factors like urbanization, climate change, globalization, changes in human demographics and behavior, triggering the propagation and emergence of pathogens. Mumpsvax, a mumps vaccine, is primarily utilized to prevent infection caused by the mumps virus, often part of the MMR (measles, mumps, rubella) vaccination. For example, in August 2024, a report issued by the UK Health Security Agency reported that West Midlands reported the highest number of measles cases (160 cases, 44%), followed by London with 122 cases (33%). Children below 10 years constituted 63% of the total cases, 232 in number. The end of the year saw an upward trajectory with 157 new cases in December, a spike from 45 cases in November. Heightened healthcare expenditure is projected to catalyze the growth of the mumpsvax market. Healthcare expenditure constitutes the aggregate amount allocated to health care products and services, including personal health care, preventative services, and public health activities. This expenditure is ascending, influenced by factors like an aging population, chronic diseases, advanced medical technology, high medication prices, inefficient payment models and higher demand for services. A surge in healthcare expenditure echoes on the mumpsvax market by augmenting funding for vaccination campaigns, improving accessibility of the vaccine that enhances public health outcomes via increased immunization rates against mumps.
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How will the growth rate of the mumps vaccine (mumpsvax) market shape industry trends by 2034?
The market for the mumps vaccine (mumpsvax) has seen substantial growth recently. The market size is projected to surge from $2,057.93 million in 2024 to $2,210.59 million in 2025, reflecting a compound annual growth rate (CAGR) of 7.4%. The ascent during the historical phase is credited to an uptick in childhood vaccination rates, a surge in global health campaigns, rising public faith in vaccines, enhanced travel consciousness, and amplified immunization drives.
A significant expansion is predicted in the mumps vaccine (mumpsvax) market in the coming years, with its size likely to reach $2,902.21 million in 2029, experiencing a 7.0% compound annual growth rate (CAGR). The anticipated growth during this period can be connected to the increased prevalence of diseases that can be avoided through vaccination, enhanced awareness about adult immunization, escalating health mindfulness, the rise in immunization agendas, and additional global health drives. The forecast period is set to witness major developments such as bespoke vaccination methodologies, incorporation of digital health, improved observation systems, research and development in adult immunization, and the adoption of artificial intelligence.
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Which primary segments of the mumps vaccine (mumpsvax) market are driving growth and industry transformations?
The mumps vaccine (mumpsvax)market covered in this report is segmented -
1) By Product Type: Monovalent; Combinational; Divalent; Trivalent; Other Product Types
2) By Age Group: Pediatric; Adult
3) By Distribution Channels: Hospital pharmacies; Drug Stores; Retail Pharmacies
4) By End-User: Pediatric Clinic; Hospitals; Non-Governmental Organization (NGOs); Other End-Users
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Which geographical regions are pioneering growth in the mumps vaccine (mumpsvax) market?
North America was the largest region in the mumps vaccine (mumpsvax) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mumps vaccine (mumpsvax) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the mumps vaccine (mumpsvax) market landscape?
Major companies operating in the mumps vaccine (mumpsvax) market include Merck & Co. Inc., GlaxoSmithKline plc
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What Is Covered In The Mumps Vaccine (MumpsVax) Global Market Report?
•Market Size Forecast: Examine the mumps vaccine (mumpsvax) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the mumps vaccine (mumpsvax) market for a structured understanding.
•Key Players Overview: Analyze major players in the mumps vaccine (mumpsvax) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the mumps vaccine (mumpsvax) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the mumps vaccine (mumpsvax) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the mumps vaccine (mumpsvax) market.
•Industry Challenges: Identify potential risks and obstacles affecting the mumps vaccine (mumpsvax) market.
•Competitive Landscape: Review strategic developments in the mumps vaccine (mumpsvax) market, including expansions, agreements, and new product launches.
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