The global Malaria Vaccine Market is valued at USD 394.4 Million in 2021 and is expected to reach USD 887.8 Million by 2028 with a CAGR of 12.3% over the forecast period.
Global Malaria Vaccine Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Increasing prevalence of malaria, rising number of clinical trials for malarial vaccines and growing number of government initiatives for controlling the spread of malaria are major factors driving the growth of the Global Malaria Vaccines Market within the forecast period.
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Scope of Global Malaria Vaccine Market Report:-
Malaria is a life-threatening disease caused by parasites that are transmitted to people through the bites of infected female Anopheles mosquitoes. It is preventable and curable. The major symptom of malaria are; high fever, weakness and chills. A malaria vaccine is use to prevent malaria. The disease is common in subtropical regions Sub-Saharan Africa, South and Southeast Asia, Pacific Islands and Central America and northern South America. Malaria can be deadly, predominantly when caused by the plasmodium species common in Africa. The research on developing malarial vaccine has been going since 1960s. However, October 6th, 2021; will be remarkable day for in the development of malaria vaccines, as Mosquirix vaccine is approved by World Health Organization (WHO). Also, research on other malaria vaccines is still going on. The malarial vaccine is safe and cost effective.
The Covid-19 pandemic has also impacted on the global malaria vaccine market. During COVID-19 pandemic, research and development activities for malaria vaccine were slowed down because of entire focus of medical and healthcare was shifted on Covid- vaccine development. Due to the supply chain disruptions and travelling restrictions, there was a lack of raw material for vaccine development and which has affected the market growth during pandemic.
Global Malaria Vaccines Market Segmentation:-
The global malaria vaccine market is segmented on the basis of by the type of agent, type, end-user, and region & country level. On the basis of agent type, the market is segmented into plasmodium falciparum, plasmodium vivax and anopheles’ species. On the basis of type, the market is segmented into the pre-erythrocytic vaccines, erythrocytic vaccine and multi-antigen vaccine. On the basis of end-users, the global malaria vaccines market is segmented into hospitals, clinics and community centers.
By Agent Type:
- Plasmodium Falciparum
- Plasmodium Vivax
- Anopheles Species
- Pre-Erythrocytic Vaccine
- Erythrocytic Vaccine
- Multi-antigen Vaccine
- Community Centers
Key Players of Global Malaria Vaccines Market Report-
Some of the key players of global malaria vaccines market are
- CellFree Sciences Co. Ltd.
- Sanaria Inc
- Nobelpharma Co
- VLP Therapeutics LLC
- Cadila Healthcare Ltd.
- Genome ReS Ltd.
- GlaxoSmithKline plc.
News: BioNTech Aimed to Develop mRNA-Based Malaria Vaccine
On July 27th, 2021; BioNTech built its achievement in Covid-19 by fostering the primary vaccine for malaria dependent on mRNA innovation and aims to begin clinical testing by the end on 2022, trying to destroy the mosquito-borne diseases. Malaria is a complex contamination brought about by a parasite that avoids recognition by the immune system, adding the objective is to develop an vaccine that makes the parasite apparent and attackable from the beginning. Messenger RNA vaccines brief the human body to make a protein that is important for the microorganism, setting off an immune response. They are additionally quicker to develop than traditional vaccines & can be adjusted moderately without any problem.
GSK Transferred Malaria Vaccine Production to India’s Bharat Biotech
On January 28th, 2021; Bharat Biotech International and GlaxoSmithKline plc signed an agreement to get technology from GSK to supply the world’s first vaccine against malaria caused by plasmodium falciparum parasite. According to the agreement, Bharat Biotech gets transport of the developed the antigen part of the malaria vaccine (RTS, S/AS01E) and the grant of a license on all rights about the malaria vaccine, while GSK will keep the assembly of adjuvant of the vaccine to give to the Indian vaccine producer.
Increasing Prevalence of Malaria, Rising Number of Clinical Trials for Malarial Vaccines and Growing Number of Government Initiatives for Controlling the Spread of Malaria Driving the Market Growth
Middle East and Africa has Shown a Significant Growth in the Global Malaria Vaccines Market
Middle East and Africa has shown a significant growth in the global malaria vaccines market due to increasing prevalence of malaria, rising number of malaria awareness programs, accessibility of diagnostic tests for the disease, and government initiatives to control and of malaria across this region.
Asia Pacific region is expected to grow at the fastest rate in the global malaria vaccine market due to the increasing number of malarial infections, rising population and increasing government initiative for disease control in this region.
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of market?
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- What are the trends of this market?
- Which are main factors responsible for new product launch?
- How big is the global & regional market in terms of revenue, sales and production?
- How far will the market grow in forecast period in terms of revenue, sales and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
- Which region has more opportunities?
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