Utilizing both primary and secondary research methods, Reports and Insights investigated the “Malarial Vaccines Market” from every perspective in recent times. The issued report is promising the clients to help them gain a deeper understanding of prevailing market dynamics such as supply-demand asymmetry, product preferences, customer preferences and habits, pricing trends, and so forth. The data is then compiled and evaluated using a scale of market assessment and data validation approaches. In addition, Reports and Insights have an in-house data prognostic approach that prophecies market growth through 2030
The global malarial vaccines market in 2022 is estimated for more than US$ 22.7 Mn and expected to reach a value of US$ 237.2 Mn by 2030 with a significant CAGR of 34.1%.
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Malarial Vaccines Market: Opportunity Analysis and Future Assessment 2022-2030
Malaria is a life-threatening disease in many regions that are tropical and subtropical in nature, which further gives the parasite to grow in an abundant population. There are around 100 countries that are in the effect of malaria currently, which most of the countries are in the African region and risk increase by the increase in traveling of the tourists in such countries. Travelers moving in the countries with ongoing local malaria transmission coming from regions of no transmission are comparatively at higher risk of malaria and consequences related due to the lack of immunity. Furthermore, the migrants moving from countries with malarial transmission staying in the malaria-free regions and returning to their residential countries to visit their relatives are similarly at significant risk because of waning or absent immunity.
Malaria is caused by the parasite such as Plasmodium. Human malaria is caused by four different species of Plasmodium: P. falciparum, P. malariae P. ovale and P. vivax. According to the WHO, in 2015, around 214 Mn cases of malaria were found globally that initiated the positive thought process of various governments to take a check on the endemic in the respective regions. Though, there was around 37% decrease in the malarial incidence globally between 2000 and 2015 with 60% deaths due to malaria in the same period of time. The increase in the prevalence of malaria in the emerging economies is expected to support the malarial vaccines market in the near future. Vaccines that can act as the prophylactic agents in malaria are to be launched in 2018 by the effective collaboration of PATH/MVI (Path Malarial vaccine initiative) and GSK that began in 2001 whose first candidate is named as RTS,S/AS01 or Mosquirix™.
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Global malarial vaccines market is mainly dominated by
- GlaxoSmithKline plc
- Sanaria Inc.
- Nobelpharma Co., Ltd.
- Sumaya Biotech
- GenVec, Inc.
- GeoVax Labs, Inc.
The global malarial vaccines market is segmented on the basis of agent type, vaccine type, distribution channel, and region
On the basis of the agent type, the global malarial vaccines market can be segmented into:
- Plasmodium Falciparum
- Plasmodium Vivax
- Plasmodium Malariae
- Plasmodium Ovale
On the basis of vaccines type, the global malarial vaccines market can be segmented into:
- Pre-Erythrocytic Vaccine
- Erythrocytic Vaccine
- Multi-Antigen Vaccine
On the basis of distribution channel, the global malarial vaccines market can be segmented into
- Hospitals
- Community Centers
- Clinics
The global malarial vaccines market is expected to increase at a significant CAGR over the forecast period owing to the increasing prevalence and government initiatives for proper relief across the healthcare receivers.
Increasing expenditure in vaccine development in the industry is also one of the major factors, which is expected to increase the demand for the malarial vaccines market globally over the forecast period. With the increase in awareness for malarial vaccines by the various communities and the government.
On the basis of region, the global malarial vaccines market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. Africa malarial vaccines market is expected to be the most dominating market throughout the forecast period. The high prevalence of the disease is expected to be one of the main factors to support the increase in the malarial vaccines market over the forecast period.
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