USD 86.27 million
Report ID: SQMIG35I2103 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 65 | Figures: 75
Global Cholera Vaccines Market size was valued at USD 86.27 million in 2021 and is poised to grow from USD 95.22 million in 2022 to USD 191.13 million by 2030, growing at a CAGR of 9.1% in the forecast period (2023-2030).
Tainted food and water transmit the bacterial infections that cause cholera and affect the intestines. In addition to muscle cramps and dry mucous membranes like those on the inside of the mouth, throat, nose, and eyelids, it causes severe diarrhea, dehydration, abdominal pain, fever, a quick heartbeat, loss of skin elasticity, low blood pressure, and rapid heart rate. Currently, it threatens public health globally, but vaccination can stop it. The cholera vaccine exposes the body to a small number of live cholera bacteria, aiding in the development of immunity. It can be administered intravenously, intramuscularly, or orally. A biological preparation known as a vaccine helps the immune system develop and gives immunity to specific infectious illnesses. Many international institutions, like the World Health Organization, employ vaccines to treat infectious diseases (WHO). One contagious sickness known as cholera is brought on by consuming food or water tainted with the vibrio cholera bacterium. The infection is characterized by profuse watery diarrhea and has a brief incubation period of a few hours to five days. Sometimes cholera can be lethal. The disease is intimately associated with unhygienic behavior, inadequate sanitization, and a lack of safe drinking water. It occurs in both endemic and epidemic patterns.
US Cholera Vaccines Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 86.27 million
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Cholera Vaccines Market is divided on the basis of product type, administration route, end-users, channel of distribution, and regions. On the basis of type, the cholera vaccines market is segmented into dukoral, euvichol, and shanchol. On the basis of route of administration, the Cholera Vaccines Market is divided into oral. On the basis of end-users, the Cholera Vaccines Market is grouped into specialty clinics, hospitals, research & academic laboratories, pharmaceutical & biotechnology companies, and others. On the basis of distribution channel, the cholera vaccines market has also been segmented into hospital pharmacy, retail pharmacy and others.
Cholera Vaccines Market Analysis by Type
Based on classification by type,, the market is divided into Dukoral, Shanchol, Vaxchora, Euvichol, and others, with the Dukoral segment holding the largest market share. The segment's growth can be attributed primarily to the availability of a significant volume of this product as stockpiled by the WHO, as well as the high demand for these vaccines among international travellers, the volume of which is rapidly increasing in low- and middle-income countries. This segment is further projected to continue dominating the market in the near future.
Cholera Vaccines Market Analysis by End User
As per classification by end user, the market is segmented into hospitals, specialty clinics, research and academic laboratory and pharmaceutical and biotechnology companies and others. Research and academic laboratories segment is projected to exhibit the highest growth during the forecast period. This is attributed to the rise in demand for cholera vaccine across the world. Thus, helps in increasing the cholera vaccine market size in the near future.
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The market is segmented into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa (MEA). According to regional analysis, Asia-Pacific has the largest market share. This is due to increased access to effective preventive measures, rise in public awareness of the disease, and the disease's high incidence rate. Europe is also expected to grow steadily during the forecast period, owing to the region's well-established healthcare infrastructure. North America, on the other hand, is expected to grow at a faster rate during the forecast period, owing to rising consumption of contaminated food, a lack of appropriate hygiene, and an increasing number of migrants. At the same time, increased R&D activities, rising public awareness of vaccination, and rising government initiatives to conduct immunisation programmes would all contribute to the growth of the cholera vaccine market in this region.
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Cholera Vaccines Market Drivers
Unhealthy Lifestyles and Poor Sanitation Issues to Prevail in Cholera
Cholera Vaccines Market Restraints
Longer Production Time for Cholera Vaccines may Hamper Growth
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The report provides a detailed analysis of the following key players in the global cholera vaccines market, including their competitive landscape, capacity, and most recent developments such as mergers, acquisitions, and investments, capacity expansions, and plant turnarounds. The presence of
Cholera Vaccines Market Top Player's Company Profiles
Cholera Vaccines Market Recent Developments
SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, The market for cholera vaccines is anticipated to increase significantly during the forecast period as a result of rising venous disease prevalence and rising new product approvals to meet this need. The market is expected to develop as a result of rising disease awareness, growing value of early detection, and rising spending on chronic illnesses. Additionally, the major market participants are spending money on the development of technologically improved goods, which will expand the use of cholera vaccines in both developed and developing nations.
|Market size value in 2021
|USD 86.27 million
|Market size value in 2030
|USD 191.13 million
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
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For the Global Cholera Vaccines Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Cholera Vaccines Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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