HPV Market to Reach $10.8 Bn, Globally, by 2031 at 12.4% CAGR | Bharat Biotech., Novartis AG, Sanofi, Inovio Pharmaceuticals

According to the report, the global human papillomavirus vaccine market was estimated at $3.9 billion in 2021, and is anticipated to hit $10.8 billion by 2030, registering a CAGR of 12.4% from 2022 to 2030.

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Increase in the prevalence of HPV-related diseases drives the growth of the global human papillomavirus vaccine market. At the same time, rise in government expenditure on HPV vaccination programs has supplemented the market growth even more. Moreover, adequate increases in production capacity is expected to create lucrative opportunities in the industry.

The tetravalent segment to maintain the lion's share:

Based on type, the tetravalent segment accounted for more than three-fourths of the global human papillomavirus vaccine market share in 2021, and is anticipated to rule the roost by 2030. This is because the tetravalent human papillomavirus vaccine protects against HPV types 6, 11, 16, and 18 infections. The nonavalent segment, however, would cite the fastest CAGR of 13.9% throughout the forecast period.

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The public and private alliances segment to lead the trail:

Based on industry vertical, the public and private alliances segment held around two-fifths of the global human papillomavirus vaccine market revenue in 2021, and is expected to lead the trail by 2030. Various organizations and institutions, such as GAVI, are also attempting to improve vaccine use in disadvantaged countries by providing low-cost vaccines. As a result, these countries are significant growth hotspots in the vaccine market. These factors propel the segment's growth. The government entities segment, on the other hand, would manifest the fastest CAGR of 12.8% from 2021 to 2030.

North America to dominate by 2030:
Based on region, North America, held the major share in 2021, generating more than two-fifths of the global human papillomavirus vaccine market. Initiatives taken by the government for treating people infected with the human papilloma virus are predicted to be the major driving factor for the market. At the same time, the market across Asia-Pacific would grow at the fastest CAGR of 14.2% by 2030.

Prominent market players:

Johnson & Johnson
Merck & Co., Inc.
AstraZeneca Plc
Novartis AG
Serum Institute of India Pvt. Ltd.
GlaxoSmithKline Plc
Sanofi S.A.
Bharat Biotech
Inovio Pharmaceuticals, Inc.
Xenetic Biosciences, Inc.

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Key Benefits for Stakeholders:

This report provides a quantitative analysis of the human papillomavirus vaccine market share, segments, current trends, estimations, and dynamics along with human papillomavirus vaccine market analysis from 2021 to 2030 to identify the prevailing HPV vaccine market opportunities.

The market research is offered along with information related to key drivers, restraints, and opportunities.

Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.

In-depth analysis assists to determine the prevailing the human papillomavirus vaccine market growth and market opportunities.

Major countries in each region are mapped according to their revenue contribution to the global HPV vaccine market.

Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

The report includes the analysis of the regional as well as global human papillomavirus vaccine market trends, key players, market segments, application areas, and market growth strategies.

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