Research Nester has recently announced its latest research on “Dengue Vaccine Market : Global Demand Analysis & Opportunity Outlook 2023”, after studying the market situation and anticipating the future trends, the research provides a concrete platform for the existing and new players looking to enter into the market. The study provides information about market scenario of forecast period by analyzing the current situation.
It has been noticed that after the introduction of first dengue vaccine in 2015, the global dengue vaccine market is expected to experience rapid growth throughout the forecast period till 2021. In 2015, the global dengue vaccine market was value at USD 70 million across the five major geographical regions viz. North America, South America, Europe, Africa and Asia-Pacific.
In 2015, the global dengue vaccine sales stood at USD 70 million. By 2020, the dengue vaccine market is expected to grow substantially in order to reach USD 399 million, expanding at a CAGR of 42% during 2015-2020; Brazil, Singapore, Thailand, India, and Mexico to post highest growth during the forecast period. Dengue is a deadly disease and growing rapidly over the globe, thus, the public health care burden of the affected countries is expected to force government in such countries for widespread immunization as a preventative measure.
Initiatives taken by the pharmaceutical companies to penetrate deeply into the market with governments, keen interest shown by the market players to uplift the market through partnership, licensing deals and acquisition is anticipated to escalate the dengue vaccine market over the forecast period.
However, serious medical conditions that goes un-noticed in some countries, lack of government facilities such as proper medical clinics and healthcare centers in under developed and many developing countries, high cost associated with the vaccine and others are few of the factors expected to restrain the growth of dengue vaccine market the forecast period i.e. 2015—2021.
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