DPT Vaccine Market In-Depth Analysis Globally by Top Key Players
DPT vaccine stands for Diphtheria Tetanus and Pertussis
Vaccine. Observing the market structure, this report evaluates the future
growth potential of the market and analyzes the strategies of the key players
in the market. It also follows the competitive developments such as joint
ventures, new product developments, mergers and acquisitions, research &
developments (R & D) in the market.
Market Research Future (MRFR) has published a research
report about the global DPT vaccine market that predicts significant growth
with 7.3% CAGR (Compound Annual Growth Rate) for this market between 2016 and
2027. The key factors that drive this market include increasing awareness for
DPT vaccines and increasing deaths in children due to pertussis.
The global DPT
vaccine market has been segmented on the basis of application, type, and
lastly region. As per the application-based segmentation, this market has been
segmented into diphtheria, pertussis, and tetanus. Diphtheria is a serious bacterial
infection. It affects the mucous membranes of the throat and nose. Pertussis is
a highly contagious respiratory disease, commonly known as whooping cough.
Tetanus is an infection characterized by muscle spasms. By types, the market
has been segmented into DPaT, DTwP, and Tdap.
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The regional segmentation of the global DPT vaccine market
segments the market into regional markets namely North America, Europe, Asia
Pacific, and the Middle East & Africa (MEA). According to the report, the
North American market, which is currently the largest regional market, is
expected to grow steadily over the forecast period due to most advanced medical
facilities and government aided grants for R & D with emphasis on
vaccination against DPT being available in the United States of America (USA)
and many key players in this region having bases of operations here. After the
USA, most significant country-based markets in this region are Canada and
Mexico.
Europe, the second largest market for DPT Vaccine, is
expected to grow overwhelmingly during the forecast period. Factors that drive
the market growth in this region include increasing R & D activities by
pharmaceutical companies and research institutes, the presence of key market
players, increasing awareness about immunization of children against DPT. In
Europe, most key players are based in strong economies like the United Kingdom
(UK) and France.
The report estimates the Asia Pacific to emerge as the
fastest market during the forecast period. In this region, India as a market is
likely to rise with incredible speed. Here, the market growth is due to factors
like growth in the prevalence of infectious disease, increase in adoption of
vaccination, and rapid population growth. Governments in many Asia Pacific
countries are undertaking various vaccinations programs. During the forecast
period, the market in the MEA region shows steady growth. In this region, the
demand for DPT vaccine is less than other regions. The market is low due to
lack of awareness, lack of education, lack of technological development,
political instability, poor healthcare, and healthcare not considered a
priority by most governments.
Key Players
The key players in the global DPT vaccine market include
Chiron Pharmaceutical Pvt Ltd (India), GSK (USA), Institute of Biological
Products (China), Lanzhou Institute of Biological Products (China), Merck &
Co., Inc (USA), Sanofi (France), Serum Institute of India Pvt. Ltd. (India),
and Wyeth (USA).
Latest Industry News
• The Lee
County Health Department recently organized a vaccination drive for children
that included vaccines against DTP, hepatitis B, measles, mumps and rubella
(MMR), polio (IPV), and varicella (chickenpox). 20 JUL 2018
• Various
vaccination shots including DPT vaccines were offered to various uninsured and
underinsured children for free in Las Vegas. 15 JUL 2018
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Market Research Future
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