The global tetanus toxoid vaccine market is expected to reach USD 7.16 Billion by 2028, according to a new report by Reports and Data. This can mainly be contributed by the rise in number of reported cases of tetanus and diphtheria in the developing countries. The low costs of the vaccine, as well as the increasing government initiatives towards technological improvements regarding immunization and vaccination, are also fuelling the growth of the market.
Several vaccine combinations include the tetanus vaccine such as Diphtheria, Tetanus, and Pertussis (DTaP); Monovalent Tetanus Toxoid (TT); Tetanus, Diphtheria, And Pertussis (Tdap); Diphtheria and Tetanus (DT); and others. DTaP and DT are used as a pediatric vaccine for children less than seven years old while Tdap and Td are given to those who are seven years old and above, where the lowercase, ‘d’ and ‘p’ denote the lower strengths of diphtheria and pertussis vaccines.
The primary factors for the market growth are most active, less expensive and best-tolerated vaccines. The increase in concern and awareness regarding immunization in emerging countries for disease control is fueling the growth of the market. The growth in research & development practices, increased awareness about disease prevention & treatment, as well as improved healthcare expenditure in the developing countries will lead to a positive demand for these vaccines. A large number of products are undergoing clinical trials currently.
Though the market appears promising in the coming years, high costs of R&D, along with strict policies in some of the nations can hinder the growth of the industry. The reduced number of reported cases of tetanus in the developed countries will be another factor that will affect the growth of the market negatively. The acquisition of tetanus vaccination by the UNICEF, WHO and other government initiatives for the prevention and treatment of tetanus are expected to act as opportunities for the global market.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Merck & Co. Inc., GlaxoSmithKline Plc., Sanofi Pasteur, Inc., Pfizer, Inc., Bharat Biotech, AstraZeneca Plc., Valeant Pharmaceuticals, Shenzhen Kangtai Biological Products, Astellas Pharma Inc., Emergent Biosolutions Inc., and Panacea Biotec, among others.
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Tetanus Toxoid Vaccine market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Tetanus Toxoid Vaccine industry, the market is segmented into:
Vaccine type Outlook (Volume, Kilo tons; 2020-2028 and Revenue, USD Billion; 2020-2028)
Dosage Outlook (Volume, Kilo tons; 2020-2028 And Revenue, USD Billion; 2020-2028)
Age group Outlook (Volume, Kilo tons; 2020-2028 And Revenue, USD Billion; 2020-2028)
End users Outlook (Volume, Kilo tons; 2020-2028 And Revenue, USD Billion; 2020-2028)
The regional analysis covers:
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