Global Travel Vaccines Market Application Trends Production And Forecast To 2029

Market Overview:

Global Travel Vaccines Market was valued at USD 10.09 Billion in 2021 and is expected to reach USD 18.27 Billion by the year 2028, at a CAGR of 8.85%.
Travel vaccinations, also known as go vaccines, are shots that people can receive before traveling to specific parts of the world to help protect them from potentially fatal infections. Travel vaccinations work by exposing the body to a bacterium or specific components of the pathogen that causes the illness being protected against. Travel vaccines are bio-based formulations designed to combat specific diseases by boosting an individual's immune system. Travel vaccines include agents that are similar to the organism and are made from a killed or weakened form of the microbe.

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Market Dynamics:

Driver:

The rising occurrence of travel-related diseases is expected to drive market growth. Traveling is frequently associated with increased health risks, particularly when it comes to infectious diseases. As the occurrence of travel-related diseases increases, more investments, and the growing awareness about the prevalence of chronic diseases and travel vaccines have now become a must-have item on the list of international travelers. For instance, the Kingdom of Saudi Arabia's Ministry of Health requires all travelers arriving for Hajj and Umrah from countries or areas at risk of diseases such as yellow fever, Meningococcal meningitis, and Poliomyelitis to present a valid vaccination certificate which propels the market growth of travel vaccines.

Opportunities:

The growing popularity of travel and tourism presents an opportunity for the travel vaccine market. The travel and tourism industry has flourished as tourism and travel have become an integral part of the human lifestyle. The tourism industry has not only changed people's daily routines, but it has also provided numerous opportunities to explore different cultures, spiritualism, traditions, and medical tourism, which opens up the market for travel vaccines during the forecast year.

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The Report Will Include A Major Chapter
•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

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Market Segmentation
By Type
• Mono Vaccines
• Combination Vaccines
• Others

By Application
• Domestic Travel
• Outbound Travel
• Others

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Regional Analysis of Travel Vaccines Market
North America is the dominating region for the travel vaccine market. The growth can be attributed to the constant updates on traveling safety, crises, concerns associated with vaccine stocks, as well as the epidemic brawls in the region. Consequently, the travel vaccines market is further anticipated to witness substantial growth opportunities, with travelers and regulatory bodies stressing on vaccination to avoid various infectious diseases. Organizations such as the US Centers for Disease Control and Prevention, the National Health Services of various countries, as well as the World Health Organization formulated various travel-related advisories with an intend to ensure safe travel, leading to the rise in the travel vaccine market.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Key Players Covered in Travel Vaccines Market
•Pfizer
•Sanofi
•GlaxoSmithKline
•Merck
•AstraZeneca
•Janssen Pharmaceuticals
•Abbott
•Mitsubishi Tanabe Pharma
•LG Life Sciences / LG Chem Ltd.
•Roche
•Lupin
•Takeda Pharmaceutical
•Valeant Pharmaceuticals
•SK Chemicals
•Hualan Biological Engineering
•Novartis AG
•Dynavax Technologies
•Emergent BioSolutions Inc.
•Bharat Biotech
•Valneva SE
•GlycoVaxyn
•Indian Immunologicals
•Beijing Minhai Biotechnology
•Altimmune Inc.
•CSL Ltd.
•KM Biologics Co. Ltd.
•Mitsubishi Chemical Holdings Corp.
•Serum Institute of India Pvt. Ltd.
•Shenzhen Kangtai Biological Products Co. Ltd.
•Sinovac Biotech Ltd.
•ALK-Abelló A/S
•Bavarian Nordic A/S
•Crucell (Subsidiary of Johnson & Johnson) and other major players.

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Key Industry Development In The Travel Vaccine Market
In December 2021, Emergent BioSolutions Inc. declared the first participant dosed in its phase 1 study, EBS-UFV-001, studying the safety, tolerability, and immunogenicity of its investigational universal influenza vaccine candidate. The current and updated version of this influenza vaccine candidate includes multiple components intended to induce broad and supra-seasonal immunity against influenza A viruses.
In June 2021, Merck & Co., Inc. and Sanofi successfully developed the Vaxelis vaccine (Diphtheria and Tetanus Toxoids and Acellular Pertussis, Haemophilus b Conjugate, Inactivated Poliovirus, and Hepatitis B Vaccine) as part of a US-based partnership between both the companies. The vaccine is considered as the first hexavalent combination vaccine available in the US indicated for active immunization to help prevent DTP, polio, and hepatitis B.

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Report includes Competitor's Landscape:
•Major trends and growth projections by region and country
•Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
•What shall be the potential of this industry over the forecast tenure?
•What are the factors propelling the demand for the Action Figures and Statues?
•What are the opportunities that shall aid in significant proliferation of the market growth?
•What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures and Statues?
•How has the covid-19 impacted the growth of the market?
•Has the supply chain disruption caused changes in the entire value chain?

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