Press release
Rising Awareness of Vector-Borne Diseases Fuels Growth in YF-Vax Market: A Key Factor Shaping the Future of the Yf-Vax Market in 2025
Yf Vax Market
Heightened awareness of vector-borne diseases is predicted to drive the YF-Vax market's expansion. Vector-borne diseases, including malaria, dengue, and Lyme disease, are carried by infected arthropods such as mosquitoes, ticks, and fleas, who transmit viruses, bacteria, or parasites to humans and animals. This type of illness is increasing due to factors like climate change, urban development, widespread global travel, and growing mosquito populations. Hence, further outbreaks are being reported. YF-Vax is effective in preventing yellow fever, one such vector-borne disease, triggering the immune system to produce antibodies against the virus, resulting in durable protection. To illustrate, data from the France-based World Organization for Animal Health in March 2024 reported 2,422 outbreaks of vector-borne diseases in 28 countries, with 697 outbreaks occurring in Europe, from 2023 to March 2024. Consequently, the rising awareness of vector-borne diseases is a significant factor in the growing YF-Vax market. Impact Of Escalating Healthcare Expenditure On The Yf-Vax Market
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What is the projected compound annual growth rate (CAGR) of the yf-vax market from 2025 to 2034, and what factors influence it?
The market for Yf-Vax has seen substantial growth in the past few years. The forecast suggests an increase from $6,280 million in 2024 to $6,780 million in 2025, indicating a compound annual growth rate (CAGR) of 7.8%. Factors such as a rise in international travel to regions where yellow fever is prevalent, coupled with increased public education around prevention and a heightened understanding of the significance of immunization in yellow fever transmission control, can all be associated with historical growth.
Strong expansion is anticipated in the Yf-Vax market size over the coming years, projected to reach a value of $9,120 million by 2029, marking a compound annual growth rate (CAGR) of 7.7%. This growth throughout the forecast period is attributable to the rising demand for vaccination in developing economies, progression in vaccine distribution networks, government-backed immunization initiatives, continuous enhancements in vaccine distribution infrastructures, and augmentations in vaccine formulas and accessibility. The forecast period will also witness significant trends such as product approvals, collaborations, and advancements in yellow vaccines.
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How are the latest trends influencing the growth of the yf-vax market?
The dominant trend in the Yf-Vax market involves strategizing partnerships to boost technological assimilation and broaden market influence. These strategic alliances usually denote the synergistic relationships between two or more firms that merge their resources, proficiencies, and efforts to attain shared targets or aims. As an illustration, in March 2022, The International Finance Corporation (IFC), based in the United States, joined hands with Institut Pasteur de Dakar (IPD), a manufacturer of yellow fever vaccines from Senegal for the establishment of a vaccine production unit in Senegal. The venture, costing $222 million, will receive funds from public, private, and grant finances. This novel factory will significantly upgrade IPD's capacity to manufacture vaccines, which has been historically concentrated on yellow fever. Its initial focus will be COVID-19 vaccines production, with intentions of widening to other vaccines over time. With full operative capacity, the facility targets to generate up to 300 million doses every year for Africa.
What are the major segments of the yf-vax market and their role in driving growth?
The yf-vaxmarket covered in this report is segmented -
1) By Vaccine Type: Live Attenuated Vaccines; Fractional Dose Vaccine
2) By Transmission Type: Sylvatic Yellow Fever; Intermediate Yellow Fever; Urban Yellow Fever
3) By Distribution Channel: Hospitals; Retail Pharmacies; Government Health Programs
4) By End User: Adult; Geriatric; Pediatric
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Which regions are key players in the growth of the yf-vax market?
North America was the largest region in the yf-vax market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the yf-vax market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the yf-vax market?
Major companies operating in the yf-vax market include Sanofi S.A.
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What Is Covered In The Yf-Vax Global Market Report?
•Market Size Forecast: Examine the yf-vax market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the yf-vax market for a structured understanding.
•Key Players Overview: Analyze major players in the yf-vax market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the yf-vax market.
•Segment Contributions: Evaluate how different segments drive overall growth in the yf-vax market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the yf-vax market.
•Industry Challenges: Identify potential risks and obstacles affecting the yf-vax market.
•Competitive Landscape: Review strategic developments in the yf-vax market, including expansions, agreements, and new product launches.
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