Pertussis Vaccine Market Report Overview
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The global pertussis vaccine market size was USD 5187.9 million in 2021 and is expected to reach USD 7339.05 million in 2031, exhibiting a CAGR of 3.5% during the forecast period.
The respiratory disease pertussis, sometimes referred to as whooping cough, affects the nose and throat. Although it has been present for centuries, vaccinations can prevent it. The whooping cough-causing Borrelia bacteria are protected from by the pertussis vaccination, which is administered intravenously. It has a toxin that has been rendered inactive but is still found in Bordetella pertussis cells. The respiratory infection pertussis, usually known as whooping cough, is brought on by the bacteria Bordetella pertussis. Numerous quick coughing fits accompanied by an inspiratory whoop and vomiting following coughing fits are among the symptoms.
Adults can also have the DTP vaccine if they want to strengthen their immunity or if they are prone to diphtheria. Similar to this, pregnant women must receive a dose of the DTP vaccine throughout the last trimester of pregnancy to ensure that the unborn child continues to be protected from the diseases.
COVID-19 Impact: Shift Of Focus By CORONA Causes Market Growth To Be Hampered
The global COVID-19 pandemic has been unprecedented and staggering, with pertussis vaccine market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
The dynamics of the market were altered by the COVID-19 epidemic. Since the focus changed from routine immunizations to COVID-19 vaccines in recent years, there has been a minor decline in the market for conventional vaccines. A significant amount of work has gone into creating novel medications and vaccines to combat the virus. Following several weeks of investigation, businesses have begun developing medications and therapies to combat the virus.
Latest Trends
"Pharmaceutical Businesses' Initiatives For Expanding And Growing The Market"
Due to rising public awareness of the benefits of DTP vaccines worldwide, particularly in developing countries, the market for DTP vaccines is predicted to expand steadily throughout the projected period.
Increased efforts by pharmaceutical companies to improve vaccine R&D are projected to support the market growth for DTP vaccines. Additionally, cooperation among those involved in the vaccine business is crucial in order to combine all available product development strategies and raise the likelihood that immunization will be made widely available.
Pertussis Vaccine Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into Whole-cell Vaccines, Acellular Vaccines. Whole-cell Vaccines will be anticipated to be the leading segment.
- By Application Analysis
Based on application, the market can be divided into 12 Months Below, 12 Months Above. 12 Months Below vaccines will dominate the market.
Driving Factors
"Increasing Incidence Of Newly Discovered And Rediscovered Infectious Diseases"
Living in more densely populated places, travelling much more frequently and over longer distances than in the past, and increasing human-wildlife contact raise serious concerns about the potential for new infectious diseases to spread quickly and trigger pandemics over the world. Additionally, there is a chance that illnesses could spread after being purposefully introduced into an animal, human, or plant population for malicious objectives. Future pandemics and outbreaks could be even deadlier than COVID-19, experts have warned. In the upcoming years, there will continue to be an increasing need for vaccines due to the increasing prevalence of these contagious diseases. In order to assure stronger R&D funding initiatives, a solid pipeline, and new vaccine opportunities for wide population segments and promote market growth, variables including the advent of new diseases are necessary.
"Increasing Awareness Spurs Market Growth"
A viral illness called pertussis produces intense, uncontrollable coughing that makes you throw up and has trouble breathing. For young children, this illness may pose a life-threatening concern. Despite the availability of immunizations, this infection has considerably grown over the last few years because parents and guardians are less aware of the benefits of pertussis vaccination. Factors like improving vaccination rates and increased vaccination knowledge in developing nations worldwide.
A major element for market expansion is the rising incidence of immunization, particularly for kids to maintain a healthy lifestyle. The market for pertussis vaccines is expanding as a result of the rising birthrate everywhere in the world.
Restraining Factors
"High Expense Of Developing Vaccines Affects Market Growth"
The process of developing vaccines requires a significant amount of capital. The cost of storing and shipping vaccinations is higher than that of any other pharmaceutical product because they need specific facilities and monitoring systems. The effectiveness and quality of vaccines can suffer from inadequate storage and delivery infrastructure. From in vitro research to marketing, the development process takes 10 to 15 years and costs between US$800 million and US$1 billion. Additionally, because vaccine research has a poor success rate, businesses struggle to control operational expenses and secure initial investments. Therefore, the high cost of vaccine production and storage is limiting market expansion.
Pertussis Vaccine Market Regional Insights
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"North America to Dominate Market Share During 2023-2031"
The market is essentially divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa based on region. North America held the highest share of the market in 2020. The market in North America is driven by elements including required reporting and an increase in the occurrence of infectious diseases. The markets in Europe and Asia Pacific are next to the North American market.
Due to the region's quick population expansion, rising vaccination rates, and rise in infectious disease prevalence, growth in Asia Pacific is anticipated to be faster than elsewhere. These factors are anticipated to drive the need for pertussis vaccines. Thailand has 99% of the pertussis vaccine coverage in the Asia Pacific region, followed by Japan and China with 98% and 97%, respectively.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Sanofi Pasteur (France)
- GSK (U.K.)
- Mitsubishi Tanabe Pharma (Japan)
- Wuhan Institute of Biological Products (China)
- Walvax Biotechnology
- Minhai Biotechnology (China)
- KM Biologics (Japan)
- Chengdu Institute of Biological Products (China)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 5187.9 Million in 2021 |
Market Size Value By |
US$ 7339.05 Million by 2031 |
Growth Rate |
CAGR of 3.5% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global Pertussis Vaccine Pertussis Vaccine Market expected to touch by 2031?
The global pertussis vaccine market is expected to touch USD 7339.05 million by 2031.
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What CAGR is the Pertussis Vaccine Market expected to exhibit during - 2031?
The Pertussis Vaccine Market is expected to exhibit a CAGR of 3.5% over - 2031.
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Which are the driving factors of the Pertussis Vaccine Pertussis Vaccine Market?
A major element for Pertussis Vaccine Market expansion is the rising incidence of immunization, particularly for kids to maintain a healthy lifestyle. The market for pertussis vaccines is expanding as a result of the rising birthrate everywhere in the world.
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Which are the top companies operating in the Pertussis Vaccine Pertussis Vaccine Market?
Sanofi Pasteur, GSK, Mitsubishi Tanabe Pharma, Wuhan Institute of Biological Products, Walvax Biotechnology, Minhai Biotechnology, KM Biologics, and Chengdu Institute of Biological Products are the key Pertussis Vaccine Market players