Bacterial Vaccines Market is Estimated to Witness High Growth Owing to Opportunity in Prevention of Communicable Diseases

 

Bacterial Vaccines Market

Bacterial vaccines help prevent or reduce the severity of disease caused by bacteria. Some common types of bacterial vaccines include vaccines for diphtheria, tetanus, pertussis, measles and other bacterial strains. Bacterial vaccines work by triggering the body's immune system to recognize and defend against specific bacteria, thus helping prevent subsequent infections. With the growing prevalence of bacterial infections across both developed and developing regions, the demand for effective prevention through vaccination is on the rise.

 

The Global Bacterial Vaccines Market is estimated to be valued at US$ 23.77 Bn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market Dynamics:

Rising prevalence of bacterial infections remains the key driver favoring the growth of the bacterial vaccines market over the forecast period. As per studies, bacterial infections accounted for over 60 million cases worldwide in 2020. Conditions like pneumonia, tuberculosis and sepsis cause significant health issues and mortality. With antibiotics becoming less effective against drug-resistant strains, prevention through vaccination is gaining increased attention. The other driver discussed earlier, growing bacterial infections, is also fueling the need for effective vaccination programs. Government initiatives in various countries to boost immunization programs will further aid the expansion of the bacterial vaccines market during the forecast period.

 

SWOT Analysis

Strength: Bacterial vaccines help prevent the spread of deadly and infectious diseases such as diphtheria, tetanus, pneumonia and meningitis. They boost immunity and protect public health. Government support for vaccination programs in developing nations will drive the market.

Weakness: High R&D costs involved in developing new bacterial vaccines. Limited immunogenicity of some conjugate vaccines require multiple doses over time.

Opportunity: Rise in infectious bacterial diseases globally increases the need for prevention. Untapped areas in the emerging markets offer scope for market expansion. New conjugate vaccine formulations can boost efficacy.

Threats: Side effects and adverse reactions to vaccines may cause public skepticism. Strong competition from alternative treatment options. Supply chain disruptions during pandemic situations.

 

Key Takeaways

The Global Bacterial Vaccines Market Size is expected to witness high growth.

Regional analysis: North American region currently dominates the market due to strong immunization programs and healthcare infrastructure. The Asia Pacific region is anticipated to grow at the fastest pace during the forecast period due to rising awareness, increased government funding for vaccination, and improving healthcare facilities.

 

Key players related content comprises Key players operating in the bacterial vaccines market are Mondi Group, Kuraray Co. Ltd., Cortec Corporation, Arrow GreenTech Ltd., AMC (UK) Ltd., Aicello Corporation, Sekisui Chemical Co. Ltd., Neptun Technologies GmbH, and Mitsubishi Chemical Corporation, among others.


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https://www.newsstatix.com/bacterial-vaccines-market-size-share-growth-outlook-2023/

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