Diphtheria treatment Market Overview
The market for vaccines in Middle East and Africa presents immense potential. The market driving factors are unmet needs for vaccination, policies of national governments and international bodies such as World Health Organization (WHO) which provide huge funding and international aid, increasing funds from philanthropy organizations such as Bill and Melinda Gates foundation, expansion of national immunization schedule of many countries, growing awareness, growth of low cost vaccine manufacturing especially in developing countries, the entry of China in the vaccine market etc.
The global diphtheria treatment market is predicted to exhibit 4.9% CAGR from 2022 to 2030 (forecast period) to touch a size of USD 5 billion. It can enjoy a sluggish growth rate due to the high effectiveness of the vaccine. Falling profits of developing vaccines and successful immunization drives have managed to eliminate the disease. Mandatory booster shots given to children can bode well for the Diphtheria treatment Market Share growth during the forecast period. Being a vaccine-preventable disease, an effective means of preventing it is by vaccinating people at an early age and prevent those that are infected from coming in contact with non-immunized or uninfected people. An infected person, however who is already a carrier of diphtheria can be vaccinated or given antibiotics for eliminating the bacteria thereby reducing the possibility of carriers transmitting bacteria into another person
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Diphtheria treatment Market Segmentation
The global diphtheria treatment market is segmented on the basis of product type and end users. Based on product type, the market has been segmented as Tetanus Immune Globulin (TIG), Tetanus Toxoid (TT), Tetanus-diphtheria (Td), Diphtheria Toxoid and Pertussis (DTaP). Based on the treatment, the market has been segmented as antitoxin, antibiotics, macrolides and others. Based on the end users, the market has been segmented as hospitals and clinics, academics and research, and others.
Key players profiled in the report are Taj Pharmaceuticals Limited, Bharat Pharmaceuticals, GSK, Sanofi-Pasteur, Merck Co., Shanghai Institute of Biological Products, Wuhan Institute of Biological Products, Serum Institute of India, Wyeth, Chiron Pharmaceutical Pvt Ltd. and others.
Diphtheria treatment Market Regional Analysis
Lastly, the MEA region is led by countries of Saudi Arabia and the United Arab Emirates (UAE). But the region may face a slowdown due to sluggish economic growth rates of African countries. But the region has immense potential for the diphtheria treatment market due to adherence of healthcare policies made mandatory by international bodies, campaigns and immunization programs, and sizeable funding. Donations and contributions from charitable organizations as well as development of low-cost vaccines can augur favorably for the market in the forthcoming years.
The APAC region can generate revenue at a robust pace due to economies of China and India with large number of children. Relaxation of the one-child policy in China can trigger the demand for diphtheria tetanus shots.
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