Market Definition: The global market for cholera vaccines exhibited significant robustness in 2020 and is projected to maintain a steady revenue Compound Annual Growth Rate (CAGR) throughout the forecast period from 2021 to 2028. Key drivers stimulating revenue growth in the market include heightened awareness regarding cholera vaccinations on a global scale, instances of contaminated food consumption, inadequate sanitation infrastructure, and a higher prevalence of chronic diseases.
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Cholera, characterized by sudden and severe fluid and electrolyte loss leading to diarrhea, is caused by a bacterial infection, Vibrio cholera, often contracted through the consumption of contaminated food or water. Left untreated, the disease can be fatal due to severe dehydration. Cholera predominantly affects populations residing in areas with inadequate access to clean drinking water and sanitation facilities, particularly in overcrowded environments and during natural disasters when sanitation and potable water are compromised. Currently, the two main types of cholera vaccines available worldwide are Killed Oral O1 and O139 (inactivated vaccines) and Whole-cell V cholera O1 with recombinant B-subunit (live oral cholera vaccines).
COVID-19 Impact Analysis: The global cholera vaccines market report provides comprehensive coverage and analysis of the market's current status, including the impact and repercussions resulting from the COVID-19 pandemic and the emergence of virus variants. The pandemic and associated social distancing measures severely disrupted global business operations and landscapes, resulting in both adverse and favorable impacts, detailed extensively in the report. Measures such as airport and port closures, transportation disruptions, and lockdowns significantly affected manufacturing activities, global economies, and various sectors. These disruptions, compounded by reduced disposable income and uncertainties, caused a slowdown in production and widespread employment loss. The healthcare sector faced substantial challenges, including patient overflow and shortages of essential medical supplies and equipment. Companies continue to navigate stringent safety regulations, social distancing protocols, and workforce limitations, adapting to the "new normal." Despite ongoing uncertainties, businesses are implementing strategies to mitigate challenges and sustain operations amid evolving circumstances, with the emergence of new virus variants and potential outbreaks anticipated to influence the global landscape for the foreseeable future.
Drivers: The global cholera vaccines market is primarily propelled by factors such as contaminated food consumption, inadequate sanitation, rising awareness of vaccination importance, and the increasing prevalence of chronic diseases. Government focus on immunization programs and advancements in cholera vaccine production techniques further contribute to market growth. Novel approaches to vaccination discovery and increased awareness of cholera prevention measures are expected to drive market expansion, particularly in regions with favorable medical reimbursement policies, improved healthcare quality, and higher healthcare expenditures.
Restraints: The production of vaccines entails extensive time and costs, with potential negative health effects and prolonged regulatory approval processes posing constraints on market growth in the coming years.
Geographical Overview: Regionally, the Asia-Pacific region commands the largest share of the global cholera vaccines market, driven by improved access to preventive measures, heightened public awareness, and a high incidence rate. Europe is poised for steady growth due to its well-established healthcare infrastructure. North America is expected to exhibit a higher CAGR, attributed to factors such as contaminated food consumption, inadequate hygiene, migrant population growth, increased research and development activities, public vaccination awareness, and government immunization initiatives.
Competitive Landscape: Key players in the global cholera vaccines market include PaxVax, Inc., Valneva SE, Astellas Pharma Inc., Emergent BioSolutions, Inc., Sanofi, Eubiologics Co., Ltd., GlaxoSmithKline, Johnson & Johnson Services Inc. (Crucell), Celldex Therapeutics, Inc., and Merck & Co.
Report Coverage: Report Scope: For this report, Reports and Data has segmented the global cholera vaccines market based on product type, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2018-2028):
End-use Outlook (Revenue, USD Billion; 2018-2028):
Regional Outlook (Revenue, USD Billion; 2018-2028):
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