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 Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGlobal 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.
What's inside a
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
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
Picture thisYou're on a journey to develop a new vaccine, like the one for dengue fever. Along the way, you encounter three stagesPhase I, Phase II, and Phase III. Phase III is like the final boss battle. It's the big test where you gather thousands of people and put your vaccine to the ultimate trial. You want to make sure it's safe and that it really does its job. That's why Phase III is the most important phase. Governments and investors are watching closely because the vaccines that make it through Phase III are likely to get the green light and be shared with the world. It's the make-or-break stage that gets everyone's attention, and it's where the big bucks are invested. So, if you're developing a dengue vaccine, Phase III is where you want to be. It's the gateway to bringing your vaccine to people who need it most.
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
The world's dengue vaccine market is divided into big areas like North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific is the most important region in this market because dengue fever is very common there. This is because mosquitoes like the warm, humid weather and there are a lot of people living in cities. Because there are so many dengue cases, people want effective vaccines and governments are trying to stop the disease from spreading. Asia Pacific is also good at making vaccines locally and does a lot of research on them, which helps them make and sell more vaccines. This means that Asia Pacific will continue to be the leader in the dengue vaccine market because it has a lot of cases of the disease and is working hard to prevent it.
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. |
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
Unlocking the Market's Potential We'll dive into the market, slicing and dicing it into segments based on economic and lifestyle factors. Each segment's worth will be revealed in dollars, giving you a clear picture of the market landscape. Eyes on the Rising Stars We'll pinpoint the regions and segments poised for explosive growth, unveiling the market leaders who are driving innovation and dominating the game. Geography Unleashed We'll explore different regions, uncovering how they consume the product or service. We'll also unravel the forces shaping the market within each region, so you can stay ahead of the curve. The Player Battlefield The competitive landscape will be mapped out, revealing the rankings of key players. We'll keep you in the know about their new products, alliances, expansions, and acquisitions over the past five years. Company Close-Ups We'll delve into the profiles of major market players, providing company overviews, insights, product comparisons, and SWOT analyses. Market's Crystal Ball We'll gaze into the future, predicting the market's trajectory. We'll identify growth drivers, opportunities, challenges, and restraints in both emerging and established markets. Forces at Play We'll employ Porter's Five Forces analysis to peel back the layers of market dynamics. This will provide a comprehensive understanding of the forces shaping competition and profitability. Value Chain Unveiled The market's value chain will be dissected, giving you insights into the flow of activities that create value for customers. Growth's Path We'll plot the market's projected growth trajectory and pinpoint the opportunities that lie ahead. Your Personal Market Advisor For six months after your purchase, our analysts will be on standby to answer any questions and provide ongoing market updates.
Customization of the Report
• In case of any please connect with our sales team, who will ensure that your requirements are met.
Related Reports
- Global Elastomeric Sealants Market Size By Type (Silicone, Polysulfide (PS)), By End-Use Industry (Construction, Automot...
- Global Fatty Amides Market Size By Product Type, By Form, By Function, By Geographic Scope And Forecast
- Global Flexible Substrates Market Size By Type (Plastic, Glass, Metal), By Application (Consumer Electronics, Solar Ener...
- Global Flue Gas Treatment Systems Market Size By Business Type (System, Service), By Pollutant Control System (Flue Gas...
- Global Formulation Additives Market Size By Type (Defoamers, Dispersing Agents), By Application (Construction, Food and ...
- Glass Flake Coatings Market By Resin Type (Epoxy-Based Glass Flake Coatings, Polyester-Based Glass Flake Coatings, Vinyl...
Table of Content
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
List Tables Figures
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy