The human vaccinations market in the Middle East and Africa is steadily growing. The market is primarily driven by the rising occurrence of infectious diseases such as influenza, smallpox, measles, and tetanus. Furthermore, the increased emphasis in healthcare systems on illness prevention promotes market growth. Furthermore, growing awareness of healthcare and the availability of numerous effective vaccines are propelling the market to new heights.
The market for human vaccinations in the Middle East and Africa was estimated to be worth USD 0.6 billion in 2022. The Human Vaccines market is expected to increase from USD 0.63 billion in 2023 to USD 1.03 billion by 2032, with a compound yearly growth rate (CAGR) of 5.7% over the forecast period (2023-2032). The MEA region offers immense growth potential and opportunities for the players operating in the human vaccine market.
Furthermore, factors such as enormous unmet demands, favorable government policies, and international organizations such as the World Health Organization (WHO) drive market expansion. In addition, growing financing from philanthropic organizations such as the Bill and Melinda Gates Foundation, the discovery of novel vaccines, and the adoption of numerous new vaccines for the national immunization schedule in many countries are among the primary tailwind drivers fueling market expansion.
The Human Vaccines Market plays a crucial role in preventing infectious diseases through the development and distribution of vaccines, including the HPV vaccine. By offering protection against HPV infections, this market contributes to reducing the incidence of cervical cancer and other related diseases. Continuous innovation and vaccination campaigns promote public health worldwide.
Furthermore, the government's different disease vaccination activities, as well as the effective administration of public awareness programs, boost the growth of the MEA human vaccine market. The quick dissemination of vaccination knowledge among demographics, as well as the increasing manufacturing of cost-effective vaccines throughout the regions, support market growth in these regions.
The human vaccines market is witnessing steady growth, driven by increasing awareness and government initiatives promoting vaccination. (High-priority antigen) HPA vaccination is gaining prominence, targeting specific diseases. With advancements in technology and research, the market is poised for expansion, offering promising opportunities for manufacturers and healthcare providers alike.
Furthermore, improvements in healthcare infrastructure, increased demand for human vaccinations, and trends such as a solid research pipeline all contribute to market growth. Furthermore, the implementation of developing DNA recombinant technology in the development of innovative vaccines drives market growth.
In contrast, obstacles such as the patent expiration of several breakthrough vaccines and vaccine-related side effects are hindering market growth. Furthermore, the diversity of effective vaccinations and the complexity of vaccine development for microorganisms with significant mutation rates, such as HIV, impede market expansion. The poor profitability of vaccine manufacturing has limited incentives to produce vaccinations for developing-world diseases such as tuberculosis and malaria.
The MEA Human Vaccines Market - Segmentation
The report is segmented into seven key dynamics;
By Technology: Attenuated, Inactivated, Toxoid, Conjugate, & Subunit, Recombinant DNA, and others.
By Disease Indication: Influenza, Pneumococcal, Hepatitis, Rotavirus, DTP, Polio, and others.
By Type: Prophylactic, Therapeutic, and others.
By Composition: Mono Vaccine and Combination Vaccines.
By End-user : Children and Adults.
By Route of Administration: Oral, Injectables, and others.
By Regions: Israel, Turkey, GCC, and the rest-of-the-Middle-East and Countries in the African region.
The MEA Human Vaccines Market - Country-wise Analysis
The MEA human vaccines market size is emerging as a lucrative market, growing overall. The United Arab Emirates (UAE) holds for the largest share in the MEA human vaccines market, followed by Egypt. On the other hand, Sub Saharan regions of Africa, account for the fastest-growing market, followed by the-rest-of-the-African market, due to the huge unmet medical needs. Also, increasing per capita healthcare expenditures and the rising R&D funds invested for the new vaccine development act as major tailwinds for the market growth, especially in the Middle Eastern regions.
The Human Vaccines Market -MEA - Competitive Analysis
The MEA human vaccines market witnesses a moderate level of the competition. The presence of many internationally acclaimed players makes the market look diversified. Players substantially invest in R&D to develop safe, effective, and affordable vaccines.
They create vaccines that can prevent various infections in uninfected people, giving priority to the game-changing potential to control and ultimately ending the pandemics. Industry players also invest heavily to expand their global footprints, tapping emerging markets. They strive to deliver the most reliable products to drive customer-centric growth.
Major Players:
Players active in the MEA human vaccine market are Merck & Co. Inc., Plc., GlaxoSmithKline, Pfizer, Inc., Sanofi Pasteur, Inc., AstraZeneca Plc., Bharat Biotech, Shenzhen Kangtai Biological Products, Valeant Pharmaceuticals, Emergent Biosolutions Inc., Astellas Pharma Inc., and Panacea Biotec, among others.
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