Global Dengue Vaccine Market Size By Type of Vaccine (Live Attenuated Vaccines, Recombinant Vaccines), By Vaccine Phase (Phase I, Phase II, Phase III), By Distribution Channel (Hospitals, Clinics, Retail Pharmacies), By Geographic Scope And Forecast
Published on: 2024-08-02 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Dengue Vaccine Market Size By Type of Vaccine (Live Attenuated Vaccines, Recombinant Vaccines), By Vaccine Phase (Phase I, Phase II, Phase III), By Distribution Channel (Hospitals, Clinics, Retail Pharmacies), By Geographic Scope And Forecast
Dengue Vaccine Market Size And Forecast
Dengue Vaccine Market size was valued at USD 1.49 Billion in 2024 and is projected to reach USD 3.58 Billion by 2031, growing at a CAGR of 11.54% from 2024 to 2031.
- A dengue vaccine is a biological preparation intended to offer immunization against the dengue virus, which causes dengue fever, a mosquito-borne illness common in tropical and subtropical countries. The vaccine stimulates the immune system to recognize and fight the virus if exposed in the future.
- It is designed to target the four serotypes of the dengue virus, providing protection against various strains. While several dengue vaccines have been developed, their efficiency and safety profiles can differ, needing careful evaluation for individual groups. The dengue vaccine is intended to lower the frequency and severity of dengue infections, as well as to aid in outbreak control.
- The increasing global frequency of dengue sickness has a substantial impact on the dengue vaccine market. There is an urgent need for effective dengue vaccines because the disease is getting more prevalent and spreading to other parts of the world. The demand for dengue vaccines is spurred by government-sponsored initiatives and campaigns aimed at limiting dengue outbreaks. These programs emphasize immunization as a crucial strategy for controlling and preventing dengue.
Global Dengue Vaccine Market Dynamics
The key market dynamics that are shaping the global dengue vaccine market include
Key Market Drivers
- Dengue Fever Incidence The rising number of dengue fever cases around the world is driving need for effective vaccinations. Outbreaks in tropical and subtropical locations, combined with the expansion to previously unaffected areas, highlight the need for broad immunization. The growing public health concern drives market expansion.
- Government Initiatives and Financing Dengue control is a top priority for governments around the world, including vaccine programs and financing for research and development. Supportive regulations, subsidies, and grants make vaccine production and distribution more efficient, promoting market growth. Public health initiatives play an important role in promoting awareness and encouraging vaccination.
- Technological Advances in Vaccine Development Advances in biotechnology and vaccine manufacturing processes have resulted in the development of more effective and safer dengue vaccines. Innovations like recombinant DNA technologies and innovative delivery mechanisms improve vaccine efficacy and accessibility. These technical advancements encourage investment and accelerate market expansion.
- Growing Travel and Urbanization Increased international travel and fast urbanization contribute to the development of dengue disease, exacerbating the demand for vaccinations. Travelers to endemic regions and densely populated urban areas are more likely to become infected. As a result, there is a greater emphasis on preventive vaccination, which drives market demand.
Key Challenges
- Concerns About Vaccine Efficacy and Safety One of the most difficult difficulties is ensuring that dengue vaccines are effective and safe across diverse serotypes and age groups. Some vaccines have encountered scrutiny and regulatory challenges due to harmful effects in specific populations, which can lead to public skepticism and reticence, impeding wider acceptance.
- High Development Costs Dengue vaccine development and production are expensive and time-consuming processes. High R&D costs, along with the requirement for prolonged clinical trials, can be a hurdle for businesses, particularly smaller biotech enterprises, limiting market expansion and innovation.
- Regulatory and Approval Challenges Navigating the complex regulatory landscape poses a substantial hurdle for dengue vaccine makers. Obtaining permission from health authorities necessitates extensive research and validation, which can delay market entry and raise costs, making it difficult to launch novel vaccines quickly.
- Distribution and Accessibility Issues Providing widespread distribution and accessibility to dengue vaccines in endemic areas presents logistical obstacles. Inadequate healthcare infrastructure, cold chain constraints, and political instability in some places can all impede the successful implementation of vaccination programs, reducing overall market penetration.
Key Trends
- Increased R&D Investment The dengue vaccine industry is seeing a significant increase in R&D spending. Pharmaceutical businesses and research organizations are concentrating on developing more effective and safe vaccinations. This tendency is motivated by the desire to address all four dengue virus serotypes while improving overall vaccination efficacy. As a result, new and improved vaccines are constantly created and tested.
- Government and International Support Government initiatives and international cooperation are helping to grow the dengue vaccine industry. Many governments and global health organizations are prioritizing dengue prevention and control by funding and supporting vaccine development and distribution. This support boosts market growth by making resources and infrastructure available for extensive vaccination campaigns.
- Growing Awareness and Education As people become more aware of dengue fever and the benefits of vaccines, the market is growing. Public health initiatives and educational activities educate people about the dangers of dengue and the significance of vaccination. This increased knowledge is driving up demand for dengue vaccines, particularly in countries prone to outbreaks.
- Technological Advancements Advances in vaccine manufacturing and distribution are revolutionizing the dengue vaccine industry. Vaccine effectiveness and accessibility are being improved through innovations such as recombinant DNA technology and innovative delivery systems. These innovations make vaccinations more efficient, easier to administer, and widely available, hence promoting the market growth.
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Global Dengue Vaccine Market Regional Analysis
Here is a more detailed regional analysis of the global dengue vaccine market
Asia Pacific
- The Asia-Pacific region is the largest market for dengue vaccines, owing to the high prevalence of dengue illness in the region. Tropical and subtropical climates, paired with high populations, provide perfect breeding conditions for Aedes mosquitos, the principal vectors of the dengue virus. As a result, countries in this region endure frequent and severe outbreaks, increasing demand for effective vaccines.
- Rising awareness and government activities in India, Thailand, and the Philippines have considerably increased the dengue vaccine market. Public health campaigns and vaccination programs aim to lower illness burdens, which in turn promotes vaccine use. Dengue prevention is a top priority for regional governments and health organizations as part of their public health initiatives.
- The presence of significant pharmaceutical companies and research institutions in Asia-Pacific contributes to the region’s dominance in the dengue vaccine industry. Dengue vaccines are being researched, developed, and distributed by companies such as Sanofi Pasteur, Takeda Pharmaceutical, and the Serum Institute of India. Their local presence improves market penetration and accessibility.
- Economic factors influence the region’s dominance. Rapid urbanization and increased international travel in the Asia-Pacific area have raised the risk of dengue transmission, pushing both the public and private sectors to invest in vaccination solutions. The Asia-Pacific region continues to lead the worldwide dengue vaccine market due to high illness incidence, supporting government policies, active pharmaceutical businesses, and economic expansion.
North America
- North America is the fastest-growing area for the dengue vaccine market, owing to rising awareness of dengue fever and its possible health consequences. Public health programs and campaigns have considerably increased awareness, resulting in a greater demand for preventative measures, including vaccines. Furthermore, educational efforts on mosquito-borne diseases have highlighted the significance of vaccination.
- The solid healthcare system in North America enables the rapid uptake of novel vaccines. Advanced medical facilities, widespread access to healthcare, and effective distribution networks ensure that vaccines reach a large number of people fast. This infrastructure enables the effective implementation of immunization programs, which drives market growth.
- Increased financing and investment in vaccine research and development in North America also helps to drive market growth. Government agencies, private firms, and academic organizations are making significant investments in the development and approval of novel vaccines. This financial assistance hastens the launch of novel dengue vaccines to market.
- The increasing prevalence of foreign travel exposes North Americans to dengue-endemic locations. When passengers return, they may spread the virus to local mosquito populations, raising concerns about possible outbreaks. This risk has increased demand for preventive measures, including vaccines, as part of travel health precautions, accelerating market growth.
Global Dengue Vaccine MarketSegmentation Analysis
The Global Dengue Vaccine Market is Segmented on the basis of Type of Vaccine, Vaccine Phase, Distribution Channel, And Geography.
Dengue Vaccine Market, By Type of Vaccine
- Live Attenuated Vaccines
- Recombinant Vaccines
Based on Type of Vaccine, the market is bifurcated into Live Attenuated Vaccines and Recombinant Vaccines. The most common type of vaccine is live attenuated. Live attenuated vaccines are intended to promote long-term protection by utilizing a weakened form of the virus that closely resembles a normal infection, generating a robust immune response. These vaccinations have been extensively investigated and have demonstrated encouraging benefits in clinical studies, resulting in increased use and acceptability in the market. Their demonstrated efficacy and broad immune response help to explain their commercial dominance over recombinant vaccines today.
Dengue Vaccine Market, By Vaccine Phase
- Phase I
- Phase II
- Phase III
Based on Vaccine Phase, the market is segmented into Phase I, Phase II, and Phase III. Phase III is the most dominant part. This dominance stems from Phase III, which is the important stage in which vaccinations are tested for efficacy and safety on a broad scale with thousands of people. Vaccines in Phase III are the most likely to receive regulatory approval and be released to the market, garnering major investment and attention. The significant expenditures spent to Phase III trials underline their importance in bringing effective dengue vaccines to market, making it the most visible stage in the development pipeline.
Dengue Vaccine Market, By Distribution Channel
- Hospitals
- Clinics
- Retail Pharmacies
Based on Distribution Channel, the market is segmented into Hospitals, Clinics, and Retail Pharmacies. Hospitals are the dominant segment. This dominance stems from hospitals being primary healthcare centers where comprehensive medical services, including immunizations, are commonly available. Hospitals often have the infrastructure and resources to handle large-scale immunization programs, ensuring vaccines are administered safely and efficiently. Furthermore, hospitals frequently function as trusted healthcare providers, resulting in better immunization rates than clinics and retail pharmacies.
Dengue Vaccine Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of regional analysis, the Global Dengue Vaccine Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia-Pacific is the leading region in the dengue vaccine market due to the high prevalence of dengue fever, which is fueled by suitable climatic conditions for mosquito breeding and dense urban populations. The region’s high number of dengue infections has spurred demand for effective vaccines and government attempts to limit outbreaks. Strong local pharmaceutical manufacturing capabilities, as well as continuous research initiatives, contribute to the region’s vaccine production and distribution leadership. This combination of high illness incidence and effective interventions ensures that Asia-Pacific continues to lead the dengue vaccine industry.
Key Players
The “Global Dengue Vaccine Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Sanofi Pasteur Limited, Takeda Pharmaceutical Company, Butantan Institute, Medigen Vaccine Biologics Corporation, GlaxoSmithKline Plc, Panacea Biotec Limited, Merck and Co. Inc., Sun Pharma, GeneOne Life Science Inc., Nunn’s Home Medical Equipment Company Ltd., Serum Institute of India Pvt. Ltd., Mylan N.V., Teva Pharmaceutical Industries Ltd., Novartis AG, GSK plc, and F. Hoffmann-La Roche Ltd. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Dengue Vaccine Market Recent Developments
- In February 2024, Takeda and Biological E formed a partnership to create 50 million dengue vaccines. Miltenyi Biotec launches the Hyderabad Center for Cell and Gene Therapy Services. BioAsia 2024 highlights pharmaceutical industry breakthroughs.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Sanofi Pasteur Limited, Takeda Pharmaceutical Company, Butantan Institute, Medigen Vaccine Biologics Corporation, GlaxoSmithKline Plc, Panacea Biotec Limited, Merck and Co. Inc., Sun Pharma, GeneOne Life Science Inc., Nunn’s Home Medical Equipment Company Ltd., Serum Institute of India Pvt. Ltd., Mylan N.V. |
SEGMENTS COVERED | By Type of Vaccine, By Vaccine Phase, By Distribution Channel, and By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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