Dengue Vaccine Market Segmentation By Age Group (<6 years, 6-12 years and >12 years) and By End User (Hospital, Clinics, Government Establishments, Private Establishments, Ambulatory Surgical Centers and Others) - Global Industry Demand Analysis and Opportunity Assessment 2018-2027

Dengue Vaccine Market Overview

The global dengue vaccine market is thriving on the back of growing concern for dengue diseases as well as the clinical advancements observed in the development of vaccines for dengue. A clinical process of any pharmaceutical product undergoes various phases. With the advancement in each phase, the effectiveness of the drug is also increased, which contributes to the greater adoption of the drug around the world. Moreover, advancements observed in the development of dengue vaccine for several age groups is also anticipated to raise the demand for greater adoption of the drug by nations worldwide, and in turn influence the growth of the global dengue vaccine market. The global dengue vaccine market is anticipated to cross a value of around USD 1100.0 million by the end of 2027 with a CAGR of around 22% during the forecast period 2019-2027.

Growth Highlights based on Region during 2018-2027

The global dengue vaccine market is segmented by regions into North America, Latin America, Europe, Asia Pacific and Middle East and Africa. Among these regions, the market of Asia Pacific dengue vaccine is driven majorly by China and India, where China is anticipated to hold the largest market share of around 30% share in the year 2027. Several outbreaks of dengue fever observed in the region over the years on the back of the region having a tropical environment, has raised the necessity of the government to increasingly focus on acquiring dengue vaccines in large quantity to address the massive population, which is majorly dominated by the two nations around the globe.

Further, Brazil, Mexico and Rest of Latin America are the prominent countries that are driving the growth of the Latin America dengue vaccine market. The Latin America region also has a tropical environment which is a favorable environment for the growth of the dengue disease. 

The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Market Segmentation Synopsis

By Age Group

The global dengue vaccine market has been segmented on the basis of age group into <6 years, 6-12 years and >12 years. >12 years segment is anticipated to hold the largest market share of around 54% in the year 2027 in the global dengue vaccine market. Additionally, >12 years segment is anticipated to cross nearly USD 680 million by the end of 2027 by growing at a significant CAGR over the forecast period. Further, the <6 years segment is estimated to grow with the highest CAGR of around 22% over the forecast period.

By End User

The global dengue vaccine market is segmented by end user into hospital, clinics, government establishments, private establishments, ambulatory surgical centers and others. The clinics segment registered a significant market share along with a value of around USD 48 million in the year 2018. Clinics are the healthcare facilities which primarily focuses on the care of outpatients. Operated and managed both in private and in public sectors, clinics usually cover the primary healthcare needs of populations in the local communities. On the other hand, the hospital segment is anticipated to grow with a CAGR of around 22% during the forecast period. A hospital is a healthcare institution that provides treatment to patients with a specialized team or medical and nursing staffs. Hospitals are also equipped with medical equipment that are used to treat the patients.

Market Drivers and Challenges

Growth Indicators

According to the estimations of the World Health Organization (WHO), around 100-400 million dengue infections occur each year and that half of the world’s population is now at risk. Further, it also stated that over the last two decades, the number of dengue cases reported to the organization has increased over fifteen-fold, reaching up to 3,312,040 numbers in the year 2015.

The alarming increase in the number of dengue cases around the world is a major concern for individuals as well as the government of the nations. Moreover, due to the unavailability of the vaccine for the disease during its outbreak, several numbers of cases have been self-managed resulting in the actual number of dengue cases being under-reported. Apparently, several developed and under-developed nations around the globe are also prone to this disease on the back of unplanned and uncontrolled urbanization, poor management and others. The increasing concern for the spread of dengue virus around the world along with huge government funding for the manufacturing of the dengue vaccine, which led to greater affordability of the vaccine, are some of the factors anticipated to drive the growth of the global dengue vaccine market.

Barriers

Lack of awareness of the dengue vaccine as well as for the availability of the vaccine is anticipated to hamper the growth of the global dengue vaccine market.

Top Featured Competitive Landscape

Some of the affluent industry leaders in the global dengue vaccine market are Merck & Co., Inc., Sanofi, GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited and Institut Pasteur. Moreover, numerous players are also increasingly investing on research and development activities for the launch of advanced form of dengue vaccines.