MARKET SUMMERY
DPT
stands for diphtheria, pertussis (whooping cough), and tetanus. Market Research
Future (MRFR) has published and released a research report about the global DPT vaccine market share that anticipates growth for this market at 7.3%
CAGR (Compound Average Growth Rate) between 2022 and 2030. In terms of market
value, the worth of global DPT vaccine market
has been estimated to be the USD 8342.3 million by the end of the forecast
period.
The
major factors facilitating the growth of the global DPT vaccine market are
increasing deaths in children due to pertussis and increasing awareness about
DPT vaccines. The global DPT vaccine market insights has been segmented into
application, type, and lastly, region. The application-based segmentation segments this
market into diphtheria, pertussis, and tetanus. By type, this market has been
segmented into DPaT, DTwP, and Tdap.
Analyzing
the market structure, this report offers insights about factors affecting the
market growth. Estimating the market size and forecasting the revenue, this
reports covers and observes the competitive developments of market players that
include mergers and acquisitions, joint ventures, new product developments,
research and developments (R&D), and strategic alliances.
KEY PLAYERS
The
global DPT vaccine market players include
ü
Chiron Pharmaceutical Pvt Ltd (India),
ü GSK (USA),
ü Lanzhou Institute of Biological Products
(China),
ü Merck & Co., Inc (USA),
ü Sanofi (France), and
ü Wyeth (USA).
DTP MARKET
REGIONAL ANALYSIS
The
regional segmentation of the global DPT vaccine market outlook segments the global market
into regional markets namely North America, Asia Pacific, Europe, and the
Middle East & Africa (MEA). North America is the largest regional market
where steady market growth is expected during the forecast period. In this region,
the market is growing due to the presence of many important market players in
North America, especially in the USA. Other important reasons for market growth
in this region are the availability of most advanced medical facilities in this
region, emphasis on vaccination against DPT, established healthcare sector, and advanced R&D going on in the medical sector.
After the USA, Canada and Mexico are the most important country-specific
markets in this region.
Europe
is the second largest regional market. The factors encouraging the market
growth in this region are a high
density of population, established healthcare sector, high level of
technological advancement that is second only to North America, and presence of
many key market players. The main
country-specific markets in this region are the strongest economies known as
France, Germany, and the UK, followed by the remaining countries of Europe.
The
Asia Pacific is
another significant market as healthcare sector is developing in countries like
China and India. Advanced medical facilities and rapid technological
advancement are available in Japan. The rural market in countries like China
and India is still untapped which due to the high
density of population can be a lucrative
market once tapped into. Aided by the local government and the World Health Organization (WHO), many
vaccination programs are being organized in the rural areas of countries like
India. During the forecast period, the Asia
Pacific region is likely to grow positively.
The MEA region
has the least market share due to poor countries, lack of awareness, lack of
education, low standard of medical facilities, lack of healthcare facilities,
and majority governments not considering healthcare a priority.
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