Report Overview

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

Global Travel Vaccines Market Outlook 

The global travel vaccines market size attained a value of about USD 3.87 billion in 2023, driven by rising prevalence of infectious and travel-related diseases such as Japanese encephalitis, meningitis, diphtheria, and yellow fever. The market is further expected to grow at a CAGR of 10.7% during the forecast period of 2024-2032 to reach nearly USD 9.67 billion by 2032.

Global Travel Vaccines Market

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On the basis of the composition, the combination vaccines segment accounted for the majority of the global travel vaccines market share, as it protects the travellers against multiple diseases. Based on the disease, the hepatitis A segment dominated the industry in 2020. Regionally, North America held the most significant market share in 2020, on account of the presence of a large number of companies in the region who are introducing a superior range of travel vaccines.

Properties and Applications

Travel vaccines are immunization shots, which travellers get before visiting any region across the world. These vaccines build immunity against viral as well as microbial invasions while improving the overall health of the individual. In addition, the body responds to the vaccination by making antibodies and protecting it against a situation where there is an exposure to the disease. These immunizations must be taken at least 4 to 6 weeks before travelling as this gives enough time for the immunization to start working efficiently.

Global Travel Vaccines Market By Composition

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The major compositions of the global travel vaccines market are:

  • Mono Vaccines
  • Combination Vaccines

The industry can be broadly categorised on the basis of the diseases segment into:

  • Hepatitis A 
  • DPT
  • Yellow Fever
  • Typhoid
  • Hepatitis B
  • Measles and Mumps
  • Rabies
  • Meningococcal
  • Varicella
  • Japanese Encephalitis
  • Others

The EMR report looks into the regional markets in the global travel vaccines market like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Global Travel Vaccines Market By Region

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Market Analysis

The rising prevalence of infectious and travel-related diseases, such as Japanese encephalitis, meningitis, diphtheria, and yellow fever, is one of the prime factors that are driving the growth of the industry. In addition to this, the rising globalization and reduced international airfares have led to an increase in international tourism. Consequently, travel vaccines have now become an important requirement in an international travellers’ list, with its market witnessing a significant growth globally. Several combination vaccines have also been introduced for travellers, which protect against more than one disease, thus, supporting the industry growth as they increasingly gain popularity. Additionally, governments across several countries are heavily investing in the promotion of the use of these vaccines. For instance, the Ministry of Health in the Kingdom of Saudi Arabia (KSA) requires that all travellers arriving for Hajj and Umrah from other countries must present a valid vaccination certificate. Other factors driving the demand for travel vaccines include increasing awareness levels, technological advancements, and increasing incidences of life-threatening infectious diseases.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global travel vaccines market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • GlaxoSmithKline plc.
  • Merck & Co., Inc 
  • Sanofi
  • Pfizer Inc.
  • CSL Limited
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

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:

  • Composition
  • Disease
  • Region
Breakup by Composition
  • Mono Vaccines
  • Combination Vaccines
Breakup by Disease
  • Hepatitis A
  • DPT
  • Yellow Fever
  • Typhoid
  • Hepatitis B
  • Measles and Mumps
  • Rabies
  • Meningococcal
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • GlaxoSmithKline plc.
  • Merck & Co.,
  • Sanofi SA
  • Pfizer Inc.
  • CSL Limited
  • Bavarian Nordic
  • F. Hoffmann-La Roche Ltd
  • Abbott Laboratories
  • AstraZeneca plc
  • Bavarian Nordic
  • Crucell
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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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Key Questions Answered in the Report

In 2023, the market attained a value of approximately USD 3.87 billion.

The market is anticipated to grow at a CAGR of 10.7% during the forecast period of 2024-2032 to reach a value of USD 9.67 billion by 2032.

The major drivers of the industry, such as rising globalization, rising prevalence of infectious and travel-related diseases such as Japanese encephalitis, meningitis, diphtheria, and yellow fever, are expected to aid the market growth.

The key industry trend guiding the growth of the travel vaccines market includes the promotion of different vaccines by the government bodies of several countries.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest market share.

The combination vaccines segment is the leading travel vaccine composition in the industry.

The hepatitis A segment is the dominant disease-type in the industry.

The major players in the industry are GlaxoSmithKline plc., Merck & Co., Inc, Sanofi, Pfizer Inc., and CSL Limited, among others.

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