The global malaria vaccine market size is expected to exhibit a CAGR of around 34% during 2022-2030. IMARC Group, a leading market research company, has recently releases report titled “Malaria Vaccine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global malaria vaccine market growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Malaria is an illness typically caused by the plasmodium parasite, which is transmitted to humans through mosquito bites. It manifests with common symptoms like fatigue, nausea, fever, headaches, and chills. The malaria vaccine is designed to trigger the production of antibodies, reducing the likelihood of contracting the disease. It can be administered through subcutaneous, intramuscular, or intradermal injections. The malaria vaccine can be broadly classified into three types: erythrocytic vaccine, pre-erythrocytic vaccine, and multi-antigen vaccine.
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Malaria Vaccine Market Trends and Drivers:
The growing prevalence of malaria, particularly across tropical countries, is primarily driving the malaria vaccine market. Additionally, the launch of favorable policies by government bodies to spread awareness regarding disease prevention, as well as the importance of immunization among consumers, especially in the endemic and rural regions, is further catalyzing the market growth. Besides this, the inflating popularity of pre-erythrocytic vaccines, also known as anti-infective vaccines, that target the plasmodium parasite and prevent progression to chronic blood-stage diseases is acting as another significant growth-inducing factor.
Moreover, numerous pharmaceutical companies are focusing on the development of improved and novel malaria vaccines by increasing the clinical trials of several pipeline drugs, which is positively influencing the global market. Apart from this, continuous technological advancements, such as the introduction of novel adjuvants and cutting-edge delivery platforms, extensive R&D activities, and the increasing investments in healthcare infrastructures, are anticipated to fuel the malaria vaccine market over the forecasted period.
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Malaria Vaccine Market Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Pre-Erythrocytic Vaccine
- Erythrocytic Vaccine
- Multi-Antigen Vaccine
- Others
Breakup by Agent:
- Plasmodium Falciparum
- Plasmodium Vivax
- Anopheles Species
Breakup by Route of Administration:
- Intramuscular
- Subcutaneous
- Intradermal
- Others
Breakup by Distribution Channel:
- NGO/Non-Profit Organization
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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