Diphtheria is brought on by a toxin produced by the bacteria Corynebacterium diphtheriae. The majority of the time, respiratory droplets like those released when coughing or sneezing are used to spread diphtheria bacteria from one person to another. The toxin that the bacteria generate kills healthy tissues in the respiratory system.
It is anticipated that the global market for diphtheria vaccines will reach US$ 5,097.9 million in 2022 and grow at a CAGR of 5.86% over the following five years (2022-2030).
Analysts’ Views on Global Diphtheria Vaccine Market:
Increased R&D efforts and a strong pipeline of diphtheria vaccines by major market participants may be the driving forces behind the expansion of the diphtheria vaccine market. The safety and effectiveness of the Diphtheria, Tetanus, and Acellular Pertussis Combined Vaccine (DTaP) in healthy infants between the ages of 2 and 3 months are being studied in clinical trials being conducted jointly by China National Biotec Group Company Limited and Beijing Institute of Biological Products Co Ltd., according to clinicaltrials.gov.
Global Diphtheria Vaccine Market- Driver
The increase in the prevalence of diphtheria in India
Over the course of the projected period, it is anticipated that the prevalence of diphtheria in India would rise. In June 2022, for example, there were approximately 1,768 instances of diphtheria in the United States, according to statistics released by Knoema, a data technology company with U.S. headquarters.
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The increase in the collaboration and partnership by key market players
It is anticipated that the market expansion for the forecast period will be driven by key industry players’ use of strategies like partnerships and collaborations to introduce new products. For instance, in June 2021, the French pharmaceutical and healthcare giant Sanofi announced a collaboration with the American pharmaceutical giant Merck & Co., Inc. to create a vaccine for diphtheria and other diseases like tetanus.
Global Diphtheria Vaccine Market- Regional Analysis
Over the course of the forecast, North America will likely hold a monopoly on the market. This is explained by the fact that North America has a 34.8% market share and has a significant number of major market players. In this region, there is a significant presence of major market players like AJ Vaccines A/S., GlaxoSmithKline plc., Merck & Co., Inc., Sanofi, and others.
The second-largest area over the predicted period is anticipated to be Europe. Owing to Europe’s rising prevalence of dermatological conditions. According to a National Library of Medicine report from March 2022, for instance, 185,103,774 people in Europe were affected by a dermatological illness or disease in 2021.
Global Diphtheria Vaccine Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization issued a public health emergency on January 30, 2020, after the COVID-19 virus epidemic in December 2019 caused the illness to spread to more than 100 nations worldwide.
Three key ways in which COVID-19 has impacted the economy are through its direct impact on the manufacture and demand of pharmaceuticals and vaccines, the disruption of distribution systems, and its financial impact on businesses and financial markets. Many nations, including China, India, Saudi Arabia, the United Arab Emirates, Egypt, and others, had issues moving medicines and vaccinations from one location to another as a result of the nationwide lockdowns.
Quarantine, travel restrictions, and social segregation policies are anticipated to cause a sharp fall in corporate and consumer spending. In addition, healthcare practitioners were having trouble finding the extra staff, supplies, consumables, and other resources needed to maintain hospital safety and treat patients with other conditions. This has had a negative effect on the healthcare market as a whole. Additionally, there were delays in hospitalisation as the frequency of patient visits dropped, which is anticipated to have an impact on the global market for diphtheria vaccine during the course of the forecast period.
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Global Diphtheria Vaccine Market Segmentation:
The vaccination types, age groups, and end users are the segments used to segment the worldwide diphtheria vaccine market research.
Based on Vaccine Types, The market is divided into segments for DTaP, DT, Tdap, and Td vaccines. Out of these, the DTaP vaccine segment is anticipated to lead the diphtheria vaccine market over the anticipated period. This is ascribed to a rise in DTaP vaccine usage and new product introductions.
Based on Age Group, Pediatrics and adults make up the two market segments. Out of these, the paediatrics sector is anticipated to dominate the market throughout the course of the forecast period. This is attributable to a rise in the research and development activities of leading market players in the paediatrics segment.
Based on End User, Hospitals, clinics, and immunisation facilities make up the three segments of the market for diphtheria vaccines. The government’s increased efforts to open new diphtheria wards in hospitals are responsible for hospitals’ predicted market dominance over the projection period.
Due to the significant need for diphtheria vaccination in the paediatric population, the age group segment has the biggest potential of all segmentations. For example, the United Nations Children’s Fund reported in July 2022 that 25 million children had missed one or more doses of DTP due to routine immunisation services in just 2021.
Global Diphtheria Vaccine Market Cross Sectional Analysis:
Because of the increasing volume of R&D activities by significant market participants, the DTaP vaccine kind segment continued to have a prominent position in the Asia Pacific region. Pediatric DTaP, a candidate for a Diphtheria toxoid, Tetanus toxoid, and Recombinant Pertussis vaccine, is presently undergoing phase-III clinical studies by BIONET-ASIA, a vaccine developer.
Global Diphtheria Vaccine Market: Key Developments
People who have enrolled diphtheria or tetanus immunisations are less likely to get severe COVID-19 than those who have only had other immunisations, such as those for polio, COVID-19, and many others, in accordance with study article posted in Frontiers Media S.A., a scientific journal, in October 2021.
On December 13, 2022, A 6-in-1 Hexavalent Vaccine is being developed by the vaccine manufacturer BIONET-ASIA in collaboration with the Malaysian pharmaceutical company Pharmaniaga Berhad. With the vaccine, Malaysian medical professionals would have the choice of immunising kids from six childhood illnesses, including diphtheria (DT), tetanus (TT), pertussis (aP), poliomyelitis (IPV), Haemophilus influenzae type b (Hib), and hepatitis B. (Hep-B).
In October 2020, The Stage clinical studies of Tetanus, Diphtheria, and Pertussis (In Children, Prevention) were successfully completed in Thailand, according to a press release from the vaccine manufacturer BIONET-ASIA.
In June 2022, Worldwide drug maker GSK plc reported investing more than US$ 1.2 billion to speed up development and research (R&D) geared toward developing vaccines and medications to combat and treat diseases like malaria, tuberculosis, HIV (via ViiV Healthcare), neglected tropical diseases (NTDs), and diphtheria.
Global Diphtheria Vaccine Market: Restraint
The side effects of Diphtheria vaccine
The price of diphtheria vaccinations is high, and access to vaccines in developing nations is insufficient. These are the main factors that could restrain the growth of the worldwide diphtheria vaccine market during the forecast period. For instance, the price of Quadracel, a diphtheria vaccine produced by Sanofi Pasteur, a vaccinations part of the French global biopharmaceutical corporation Sanofi, in November 2022, was US$ 58.35 for a single vial, according to the Centers for Disease Control and Prevention (CDC). A key market player should concentrate on creating vaccines that are affordable.
Global Diphtheria Vaccine Market: Key Players
Major players working in the international diphtheria vaccine market are BB – NCIPD Ltd., Bharat Biotech, Serum Institute of India Pvt. Ltd., Sanofi, Panacea Biotec, Merck & Co., Inc, Meiji Holdings Co., Ltd., MassBiologics, GlaxoSmithKline plc., BIONET-ASIA, and AJ Vaccines A/S.
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