The Global Malaria Vaccines Market is pegged to be valued at US$ 8.5 million in 2018 and is projected to expand at a CAGR of 102.8% during the forecast period (2018-2024), as highlighted in a new report published by Coherent Market Insights. Rise in demand for vaccines for important indications on the backdrop of increasing focus on biological preparations is expected to be a major factor driving growth of the global malaria vaccines market over the foreseeable future.
According to World Health Organization (WHO) malaria fact sheet and World Bank estimates, over 40% of the global population is at risk of malaria. World Health Organization (WHO), there were around 214 million malaria cases reported in 2015, leading to 438,000 deaths worldwide. Over 70% of these deaths were among children under 5 years of age. Sub-Saharan Africa accounts for the highest share of global malaria burden, with around 89% of malaria cases and 91% of malarial deaths in 2015. Such high impact of this life-threatening disease is influencing governments across various countries, companies, investors, and non-profit organizations to contribute towards curbing spreading of this disease. Since the problem of malaria is burdening many of the emerging and under developed regions such as in Africa and Asia Pacific, various initiatives have been implemented in these regions to drive down high costs of the vaccine in development. For instance, in 2016, GSK announced plans to develop vaccines at a mere profit margin of 5% of the cost of the vaccine. Governments across most regions are actively involved in programs aimed at eliminating malaria. For instance, WHO had mobilized funding for pilot program in first phase between 2017 and 2020 by the global fund to fight against malaria and other disease such as AIDS and tuberculosis prevalent worldwide.
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Some of the major players involved in global malaria vaccines market are GlaxoSmithKline plc, Sanaria Inc, Nobelpharma Co., Ltd., Sumaya Biotech and GenVec, Inc.
Scope of the Report
Global Malaria Vaccines Market, By Vaccines Type, 2018 – 2024 (US$ Million)
IntroductionMarket Share Analysis, 2018 and 2024 (%)Y-O-Y Growth Analysis, 2018 – 2024Segment TrendsPre-Erythrocytic VaccineIntroductionMarket Size and Forecast, and Y-O-Y Growth, 2018 – 2024, (US$ Million)Erythrocytic VaccineIntroductionMarket Size and Forecast, and Y-O-Y Growth, 2018 – 2024, (US$ Million)Multi-antigen VaccineIntroductionMarket Size and Forecast, and Y-O-Y Growth, 2018 – 2024, (US$ Million)
Market Purview
Report DescriptionMarket Definition and ScopeExecutive SummaryMarket Snippet By Vaccines TypeMarket Snippet By AgentMarket Snippet By Distribution ChannelMarket Snippet By GeographyCoherent Opportunity Map (COM)
Global Malaria Vaccines Market, By Agent, 2018 – 2024 (US$ Million)IntroductionMarket Share Analysis, 2018 and 2024 (%)Y-O-Y Growth Analysis, 2018 – 2024Segment TrendsPlasmodium FalciparumIntroductionMarket Size and Forecast, and Y-O-Y Growth, 2018 – 2024, (US$ Million)Plasmodium VivaxIntroductionMarket Size and Forecast, and Y-O-Y Growth, 2018 – 2024, (US$ Million)
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Key takeaways of the malaria vaccines market:
The global malaria vaccines market is expected to expand at a CAGR of 102.8% during the forecast period (2016–2024) as there exists a large unrealized market especially in Africa, Asia Pacific, Latin America and Middle EastThe Pre-Erythrocytic Vaccine dominates the market in the vaccines type segment, as it is used to prevent the infection completely, while blood-stage vaccines aim to reduce or eliminate the parasite load once a person is infectedPlasmodium Falciparum is the major agent segment of malaria vaccines market, as Plasmodium falciparum infection are induced by the asexual stages of the parasite that develop inside red blood cells, making it one of most severe forms of malaria among various types of parasites causing malaria
Table of Contents
Research Objective and assumptionMarket PurviewMarket Dynamics, Regulations, and Trends AnalysisGlobal Malaria Vaccines Market, By Vaccines Type, 2018 – 2024 (US$ Million)Global Malaria Vaccines Market, By Agent, 2018 – 2024 (US$ Million)Global Malaria Vaccines Market, By Distribution Channel, 2018 – 2024 (US$ Million)Global Malaria Vaccines Market, By Geography, 2018 – 2024 (US$ Million)Competitive LandscapeSection
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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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