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The global cholera vaccines market size attained a value of USD 120.62 million in 2023, driven by growing demand for Dukoral. The market is anticipated to grow at a CAGR of 12% during the forecast period of 2024-2032 to attain a value of USD 334.50 million by 2032.
Based on product, Dukoral is predicted to hold a significant share of the market. The increasing demand for the product can be attributed to the fact that Dukoral is the only oral (drinkable) vaccine available in the market, which provides protection against cholera and diarrhoea caused by Enterotoxigenic E. coli (ETEC), the most common cause of diarrhoea for travellers to many parts of the world. This factor is contributing to the growth of the segment.
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Further, Dukoral can be given to adults and children 2 years of age and older. Apart from this, the growing population in the cholera endemic region as well as the individuals travelling to the said region are also anticipated to propel the segment growth in the coming years.
The Asia Pacific region is estimated to hold a substantial share of the global cholera vaccines market in the forecast period. This growth can be attributed to the increasing prevalence of cholera in the region. In addition, the increased government investments supporting the immunisation process are also anticipated to propel the market growth in the forecast period. Moreover, the growing awareness pertaining to the vaccines and the increased availability of oral vaccines in the region are also predicted to bolster the market growth in the coming years. The adoption of water, sanitation, and hygiene practices has proven to be effective in protecting the population, along with the use of oral cholera vaccines (OCVs).
Meanwhile, the demand for cholera vaccines in North America is also expected to witness a considerable growth over the forecast period owing to the increased government expenditure on immunisation programmes in the region. The increasing number of travellers in North American countries, including the United States and Canada, are significantly contributing to the rising vaccine demands. In June 2016, the Food and Drug Administration (FDA) approved Vaxchora (PaxVax, Inc.) for United States (US) travellers, as no cholera vaccine was available to help protect them until that time. Vaxchora™ (CVD 103-HgR), an oral live attenuated vaccine, is the first and only cholera vaccine available in the United States.
Cholera refers to an acute diarrhoeal illness, which is caused by an infection in the intestine. It is spread through the ingestion of water or food that is contaminated with the bacterium Vibrio cholerae. An estimated number 1.3 to 4.0 million cases of cholera are reported every year, with 21,000 to 1,43,000 deaths worldwide due to cholera. The cholera vaccines are essential in controlling the spread of cholera, which is recommended by the WHO for individuals travelling to cholera affected regions, as well as people residing in such areas.
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By product, the cholera vaccines market is divided into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
According to the WHO statistics, an estimated 1.3 to 4.0 million cases of cholera are reported every year. The disease impacts children as well as adults and can result in death, if left untreated. Cholera is linked to the decreased availability of clean water and sanitation facilities. In this regard, the WHO Global Task Force on Cholera Control (GTFCC), a programme aimed at controlling the spread of cholera by 2030, was launched to reduce the mortality risk associated with the disease by 90% in cholera prone areas such as Asia and Africa. This is leading to the increased demand for cholera vaccines around the globe. In addition, rising investments by the governments to develop efficient vaccines to treat cholera are expected to further propel the cholera vaccines market forward. As cholera is a public health threat, the governments are making significant investments to provide improved water and sanitation facilities to the least privileged population, that remains largely affected by the disease due to poor sanitation. Moreover, the increasing concerns associated with cholera outbreaks and the emergence of new strains that might be of greater severity are leading to a rise in research and development activities by both government and private bodies. These factors are anticipated to positively impact the market growth in the forecast period.
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The report gives a detailed analysis of the following key players in the global cholera vaccines market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model and SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Globally, cholera vaccines market reached a value of USD 120.62 million in 2023.
The market is projected to expand at a CAGR of 12% from 2024 to 2032, growing to USD 334.50 million by 2032.
The major drivers of the industry, such as the increased demand for cholera vaccines in the cholera endemic region, growing pharmaceutical industry, rising demand for cholera vaccines for travellers, and the rising incidences of cholera, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the rising investments in research and development of vaccines by the leading life sciences companies.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant products considered in the market report include Dukoral, Shanchol, Vaxchora, and others.
The major players in the industry are Sanofi-aventis Groupe, Emergent BioSolutions Inc., Valneva SE, GlaxoSmithKline plc., Intervet Inc., EuBiologics Co., Ltd., and others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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