Cholera Vaccines Market Analysis and Segment Forecasts by 2024
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Global cholera vaccines market is expected to reach over USD 1.25 billion by 2024, according to a new report by Grand View Research, Inc. The presence of wide range of promising vaccine candidates in the pipeline is anticipated to accentuate growth of the cholera vaccines market over the forecast period. In July 2016, Valneva SE has announced completion of phase II clinical trial for Clostridium difficile vaccine candidate. Browse the report: http://www.orbisresearch.com/reports/index/cholera-vaccines-market-analysis-byproduct-dukoral-shanchol-vaxchora-and-segment-forecasts-to-2024
Moreover, a large number of government organizations working toward spreading awareness about immunization against the fatal diseases, such as cholera, are expected to boost the market growth. For instance, UNICEF is involved in provision of funding for the cholera immunization initiatives taken up by the governments of highly cholera prominent countries, such as Kenya and Iraq. Further Key Findings from the Study Suggest: Dukoral was the first oral cholera vaccine to get approval in the European Union during the year 2004. This is a drinkable dosage form, which is recommended especially for travelers. Immunization requires 2 doses of the formulation that provides up to 3 months of protection against the target disease. Request a sample of the report:http://www.orbisresearch.com/contacts/request-sample/111354
Shanchol was the first vaccine that was licensed and developed with support from Gates Foundation. This molecule was produced by Shantha Biotechnics and made available in India during 2009. Vaxchora is the recently (i.e., 2016) launched single dose, live attenuated formulation that is the only approved cholera vaccine in the U.S. This product segment is expected to reach over USD 290 million till 2024. Buy the report@http://www.orbisresearch.com/contact/purchase/111354
Europe dominated the market in terms of revenue with over USD 203.27 million in 2015mainly due to the availability of approved cholera vaccines such as Dukoral and Shanchol coupled with extensive research and development activities and the existence of key participants of the industry in this region. Introduction of first cholera vaccine during 2016 in the U.S. is expected to be the major factor for the boost in growth of North American cholera market with a fastest CAGR of over 12% during the forecast period.
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Asia Pacific region is expected to follow this high market growth with a CAGR of over 10% from 2016 to 2024 attributable to the growing target population base with high unmet clinical needs. Moreover, government support in the Asia Pacific region is expected to drive the market growth. Major regulatory authorities for regulation of immunization in Asia Pacific include State Food and Drug Administration, Pharmaceutical and Medical Safety Bureau, Drugs Controller General of India, etc. These authorities maintain easy availability of safe and cost-effective cholera vaccines in this region, due to high frequency of epidemics. Some leading players in this market are, Valneva, PaxVax, and Shantha Biotechnics Limited. New entrants in the market, such as Valneva and Celldex Therapeutics, Inc. are involved in the research and development of promising target disease immunization molecules. About Us: Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients. Contact Information: Hector Costello Senior Manager – Client Engagements 4144N Central Expressway, Suite 600, Dallas, Texas – 75204, U.S.A. Phone No.: +1 (214) 884-6817; +9164101019 Email: sales@orbisresearch.com Follow Us on LinkedIn: https://www.linkedin.com/company/orbis-research Follow us on Twitter: https://twitter.com/orbisresearch Like us on Facebook: https://www.facebook.com/OrbisResearch
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