Product ID: UCMIG35I2301
Report ID:
UCMIG35I2301 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for vaccines targeting respiratory diseases had an estimated worth of USD 92.23 billion in 2022, and it is projected to experience a compound annual growth rate (CAGR) of 1.21% from 2023 to 2030. Several factors contribute to this market's expansion, including the increasing prevalence of respiratory illnesses, accounting for approximately 545 million cases, or roughly 7.4% of the global population. Additionally, the heightened emphasis on vaccination, pandemic occurrences, and emergency preparedness initiatives are driving market growth. The mounting global disease burden, encompassing ailments like influenza, pneumonia, pertussis, and respiratory syncytial virus (RSV), plays a pivotal role in stimulating demand for effective respiratory disease vaccines.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Pharmaceuticals by segment aggregation, the contribution of the Pharmaceuticals in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG35I2301