Human Papillomavirus (HPV) Vaccine Market Outlook
According to a new report by Expert Market Research titled, “Human Papillomavirus (HPV) Vaccine Market Price, Share, Analysis, Report and Forecast 2024-2032″, the human papillomavirus (HPV) vaccine market is projected to grow at a CAGR of 11.50% between 2024 and 2032. Aided by the increasing demand for preventive healthcare measures and the rising prevalence of HPV infections worldwide, the market is expected to grow significantly by 2032.
The Human Papillomavirus (HPV) is a typical sexually transmitted infection that can result in genital warts and some types of cancer, among other health issues. The use of HPV vaccines, which are intended to prevent serious health problems, has become essential in global health campaigns. In vaccination programmes, HPV vaccines are widely used to protect against the virus and lower the prevalence of HPV-related illnesses.
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The increasing awareness about the severity of HPV infections and their potential complications, including cervical, anal, and other types of cancers, is driving the global human papillomavirus (HPV) vaccine market growth. The use of HPV vaccines to prevent infections has increased significantly as a result of increased awareness of preventive healthcare, rising market demand. Further fuelling the need for HPV vaccines is the increased incidence of sexually transmitted illnesses.
The expanding applications of HPV vaccines also play a significant role in human papillomavirus (HPV) vaccine market expansion. HPV vaccines are not only used for preventing infections but also as an integral part of therapeutic procedures in the healthcare industry. These vaccines have shown potential in treating existing infections and mitigating the risks associated with HPV-related diseases.
Moreover, the pharmaceutical industry’s continuous R&D efforts have led to the development of more advanced and effective HPV vaccines, contributing significantly to market expansion. For instance, newer generation vaccines, such as the non-valent HPV vaccine, offer protection against a broader range of HPV types compared to their predecessors, thereby attracting more demand.
Additionally, global health organisations’ initiatives to promote HPV vaccination, especially in underprivileged regions, have boosted the human papillomavirus (HPV) vaccine market demand. These initiatives have led to increased government funding for vaccination programs, which in turn drives the demand for HPV vaccines.
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Lastly, the growing demand for vaccines due to the ongoing health crisis has underscored the importance of immunisation, bringing attention to various vaccine-preventable diseases, including HPV. This heightened focus on immunisation further boosts the human papillomavirus (HPV) vaccine market.
Human Papillomavirus (HPV) Vaccine Market Segmentation
The market can be divided based on type, distribution channel, indication, diseases, and region.
Market Breakup by Type
Market Breakup by Distribution Channel
- Hospital and Retail Pharmacies
- Government Suppliers
Market Breakup by Indication
- Genital Warts
- HPV Associated Cancer
Market Breakup by Diseases
- Systemic Human Papillomavirus Vaccine
- Systemic Lupus Erythematosus
- Ankylosing Spondylitis
- Rheumatoid Arthritis
- Localised Human Papillomavirus Vaccine
- Inflammatory Bowel Disease
- Type 1 Diabetes
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global human papillomavirus (HPV) vaccine companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Merck & Co., Inc.
- GlaxoSmithKline plc.
- Johnson & Johnson Services, Inc.
- Serum Institute of India Pvt. Ltd.
- Bavarian Nordic A/S
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