The global Travel Vaccines Market size is USD 3.45 billion in 2022 and is projected to reach a CAGR of 11.6% from 2023-2030.
Travel vaccines also referred to as travel immunizations, are preventative vaccinations against serious diseases that travellers can receive prior to traveling to particular regions of the world. Travel vaccines protect against disease by exposing the body to the microorganism or parts of the microorganism. In response to the vaccination, the body produces antibodies that will safeguard it in the event of future exposure to the disease.
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The primary factor driving the market growth is the increase in travel and tourism drives, increasing incidence of diseases linked to travel to boost growth, and international Travel Regulations from the Government Over the past few years, there has been a sharp increase in international travel, which has led to a significant increase in the demand for travel vaccines.
Recent Developments
- In August 2022, Indonesia’s new vaccine for dengue providing a backbone for all four dengue viruses was approved by the authorities for people aged between 6 to 45.
- In January 2021, India began its journey toward recovery from a pandemic that has unquestionably disrupted and killed many people by launching the largest vaccination drive.
Prominent Players
- GSK plc (U.K.)
- Sanofi (France)
- Merck KGaA (Germany)
- Novartis AG (Switzerland)
- Pfizer Inc. (U.S.)
- Bavarian Nordic (Denmark)
- Janssen Pharmaceuticals Inc. (U.S.)
- CSL Limited (Australia)
- AstraZeneca (U.K.)
- Altimmune (U.K.)
- Abbott (U.S.)
- F. Hoffmann-La Roche Ltd (Switzerland)
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North America to Dominate the Market
- Due to rising public health awareness and rising demand for cutting-edge vaccines, the Asia-Pacific region is anticipated to expand at the highest rate between 2023 and 2030. Due to the region's improving healthcare infrastructure and rising government investment in education and awareness programs, it is a booming market for travel vaccines.
- It is anticipated that the market for human immunizations in North America will be dominated by the United States. It is anticipated that the attenuated and recombinant vaccine segments will expand more rapidly than the combination vaccine segments in North America.
The travel Vaccines Market Segmentation:
On the basis of the application
· Domestic Travel
· Outbound Travel
On the basis of the composition
· Mono Vaccines
· Combination Vaccines
On the basis of product
· Hepatitis A
· DPT
· Yellow Fever
· Typhoid
· Hepatitis B
· Measles and Mumps
· Rabies
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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