Travelers Vaccine Market Size, Share, Growth, and Industry Analysis, By Type (Meningococcal Vaccine, Japanese Encephalitis Vaccine, Yellow Fever Vaccine, Hepatitis Vaccine, Cholera Vaccine, Other), By End users (Tourists, Students, Workers, Others), Regional Forecast To 2031

Updated On: 10 June 2024

Travelers Vaccine Market Report Overview

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global travelers vaccine market size was USD 3363.3 Million in 2021 and market is projected to touch 7870.95 Million by 2031, exhibiting a CAGR of 8.8 % during the forecast period.

travelers' vaccines are vaccines that are specifically recommended for people who are traveling to certain parts of the world where there is a higher risk of acquiring certain infectious diseases. These vaccines are designed to protect travelers from diseases that are not typically found in their home country or region.

Yellow fever vaccine: This vaccine is recommended for travelers who are visiting countries in Africa and South America where there is a risk of yellow fever transmission.

Typhoid vaccine: This vaccine is recommended for travelers who are visiting areas where there is a risk of exposure to contaminated food or water, particularly in developing countries.

Meningococcal vaccine: This vaccine is recommended for travelers who are visiting areas with a risk of meningococcal disease transmission, particularly in sub-Saharan Africa during the dry season.

COVID-19 Impact: Pandemic increased health concerns among population which surged market growth

The COVID-19 pandemic has brought the importance of vaccines to the forefront, especially for travelers. As people begin to resume travel, there is an increased demand for vaccines that can protect against the virus and its variants. This has led to a surge in the travelers vaccine market, which is expected to grow significantly in the coming years.

With the rise in demand for travelers' vaccines, there has been an increase in the availability of vaccines. This means that more people can now get vaccinated and protect themselves from the virus. Widespread vaccination against COVID-19 is essential to controlling the pandemic and reducing the number of cases. By providing vaccines to travelers, the spread of the virus can be minimized, thereby improving public health.

Latest Trends

"Advances in vaccine technology to Fuel Market Growth"

Advances in vaccine technology are also shaping the travelers vaccine market. New vaccine technologies, such as mRNA vaccines, are showing promising results in clinical trials, and could potentially be used for travelers' vaccines in the future. Combination vaccines that protect against multiple diseases are also becoming more popular in the travelers' vaccine market. For example, the combination vaccine for hepatitis A and B is increasingly being used for travelers who are at risk of both diseases.

Travelers Vaccine Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into, meningococcal vaccine, japanese encephalitis vaccine, yellow fever vaccine, hepatitis vaccine, cholera vaccine, others.

• By Application Analysis

Based on application, the market can be divided into, tourists, students, workers, and others.

Driving Factors

"Growing awareness of the importance of travel vaccines to stimulate market demand"

The COVID-19 pandemic has brought about a significant increase in the demand for travelers' vaccines. Many countries are requiring travelers to be vaccinated against COVID-19 before entering, which has led to a surge in demand for COVID-19 vaccines. With the rise in global travel, there is growing awareness of the importance of travel vaccines to protect against infectious diseases. This has led to an increase in travel vaccines market growth and greater access to vaccination services.

Restraining Factors

"Limited access to healthcare to restrict the market growth"

In many parts of the world, access to healthcare, including vaccination services, is limited. This can be a significant barrier to the uptake of travelers' vaccines, particularly in low- and middle-income countries. Some travelers' vaccines can be expensive, which can make them less accessible to people with limited financial resources. The high cost of vaccines can also be a barrier for countries with limited healthcare budgets to introduce them into national immunization programs.

Travelers Vaccine Market Regional Insights

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"Great technology in North America is Anticipated to Boost Market Expansion"

North America is a major travelers vaccine market share holder, driven by high levels of international travel and a strong healthcare system. North America is a significant market for travelers' vaccines, with the United States and Canada being the largest countries in the region. The market is expected to grow at a steady pace due to factors such as an increasing number of international travelers and growing awareness of the importance of travel vaccines.

Key Industry Players

"Adoption of Innovative Strategies by Key Players Influencing Market Development"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• GlaxoSmithKline
• Sanofi Pasteur
• Merck
• Pfizer
• CNBG
• Sanofi Pasteur MSD
• Serum Institute of India
• Biokangtai

Report Coverage

This report examines an understanding of the travelers vaccine market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on travelers vaccine market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.