TYPHOID FEVER VACCINES MARKET ANALYSIS

Typhoid Fever Vaccines MarketSize and Trends

Global typhoid fever vaccines market is estimated to be valued at US$ 351.4 million in 2022 and is expected to exhibit a CAGR of 12.2% during the forecast period (2022-2030).

Increasing government initiatives for rising awareness regarding typhoid vaccines is expected to drive the global typhoid fever vaccines market growth.

Increasing government initiatives for rising awareness regarding typhoid vaccines is expected to drive the global typhoid fever vaccines market growth over the forecast period. Organizations such as World Health Organization (WHO), Gavi, Bill & Melinda Gates Foundation, and others are highly active in creating awareness regarding typhoid and driving immunization efforts against such diseases. For instance, in October 2017, WHO recommended introduction of typhoid vaccine for children over six months in endemic countries. It also recommended catch-up vaccination whenever possible, prioritizing children and adolescents up to 15 years of age. Moreover, World Health Organization (WHO), pre-qualified a typhoid conjugate vaccine (TCV) Typbar TCV, manufactured by Bharat Biotech, Biotechnology company in December 2017. WHO pre-qualification enables the procurement and supply of this vaccine to United Nations International Children's Emergency Fund, the Pan-American Health Organization (PAHO), and GAVI (a vaccine alliance) supported countries. Such frequent initiatives taken by various organizations is expected to drive the market growth over the forecast period.

High prevalence of typhoid in various emerging economies is expected to drive the global typhoid fever vaccines market growth during the forecast period.

High prevalence of typhoid in various emerging economies is expected to drive the global typhoid fever vaccines market growth during the forecast period. For instance, in November 2021, according to the data published by the World Health Organization, Typhoid fever has an estimated global incidence of 11–21 million cases annually, resulting in 12,0 000–16,0 000 deaths. Every year, an estimated 11–20 million people get sick from typhoid and between 128 000 and 161 000 people die from it worldwide. In 2017, over 10 million typhoid fever cases occurred globally, causing over 116,000 deaths.

Figure 2. Global Typhoid Fever Vaccines Market Share (%), by Region, 2022

Global Typhoid Fever Vaccines Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.

COVID-19 can affect the economy in three main ways: by directly affecting production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, U.A.E., Egypt, and others, are facing problems with regards to the transportation of drugs from one place to another.

However, the COVID-19 pandemic had a negative impact on the global typhoid fever vaccines market, owing to the disruption in delivery and healthcare services during COVID 19 pandemic. For instance, in July 2020, according to the data published by the National Center for Biotechnology Information, due to disruptions in the delivery and uptake of immunization services caused by the COVID-19 pandemic. In 2019, UNICEF procured an estimated 2.43 billion doses of vaccines to around 100 countries to reach around 45% of the world’s children below the 5-year-old age group. COVID-19-induced disruption of routine vaccination affected lives of infants.