The new report by Expert Market Research titled, ‘Global Cholera Vaccines Market Size, Share, Price, Report and Forecast 2023-2031’, gives an in-depth analysis of the global cholera vaccines market, assessing the market based on its segments like products, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2031)
- Forecast CAGR [2023-2031] 12%
- Forecast period 2023-2031): USD 297.8 million
Dukoral is expected to have a considerable market share in the cholera vaccines sector based on product. The fact that Dukoral is the only oral (drinkable) vaccine currently on the market that protects against cholera and diarrhoea caused by Enterotoxigenic E. coli (ETEC), the most prevalent cause of diarrhoea for travellers to many regions of the world, is driving up demand for the medication. This element is aiding in the segment’s expansion.
Adults and children aged 2 and up can also take Dukoral. Aside from that, the segment is expected to develop in the coming years due to the growing population in the cholera-endemic zone as well as the increasing number of people travelling to the region. These factors are projected to contribute to market expansion throughout the forecast period.
In the forecast year, Asia Pacific is expected to hold a significant proportion of the cholera vaccines market. The rising prevalence of cholera in the region is to blame for this increase. Additionally, rising government spending on the vaccination process is expected to drive market growth during the projection period. Furthermore, in the coming years, increased vaccine awareness and greater availability of oral vaccines in the region are likely to enhance the market growth. During the forecast period, these aspects are expected to boost overall market expansion.
Cholera Vaccines Industry Definition and Major Segments
Cholera is a severe diarrhoeal sickness caused by an infection in the small intestine. It is transmitted by consuming water or food contaminated with the bacteria Vibrio cholerae. Every year, an estimated 1.3 to 4.0 million cases of cholera are reported, resulting in 21,000 to 1,43,000 fatalities globally. Cholera vaccines are critical in preventing the transmission of the disease, and the WHO recommends them for persons travelling to and living in cholera-affected areas.
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By product, the market is divided into:
The regional markets for the product include:
- North America
- the Asia Pacific
- Latin America
- the Middle East and Africa
Cholera Vaccines Market Trends
Every year, an estimated 1.3 to 4.0 million cases of cholera are reported, according to WHO figures. The condition affects both children and adults and, if left untreated, can lead to death. Cholera is connected to a lack of safe drinking water and sanitation services. In this context, the WHO Global Task Force on Cholera Control (GTFCC), a programme aiming at preventing the spread of cholera by 2030, was established with the goal of reducing the disease’s mortality risk by 90% in cholera-prone areas such as Asia and Africa by 2030. As a result, cholera vaccinations are in higher demand all around the world. Furthermore, increased government investments in the development of effective cholera vaccines are expected to drive market expansion in the coming years. These factors are projected to have a positive impact on market growth in the near future.
Key Market Players
The major players in the market are Sanofi-aventis Groupe, Emergent BioSolutions Inc., Valneva SE, GlaxoSmithKline plc., Intervet Inc. and EuBiologics Co., Ltd. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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