The global Tetanus Toxoid Market is expected to reach USD 7.16 Billion by 2028, according to a new report by Reports and Data. This can mainly be contributed by the rise in number of reported cases of tetanus and diphtheria in the developing countries. The low costs of the vaccine, as well as the increasing government initiatives towards technological improvements regarding immunization and vaccination, are also fuelling the growth of the market.
Tetanus is a component of several vaccine combinations, including Diphtheria, Tetanus, and Pertussis (DTaP), Monovalent Tetanus Toxoid (TT), Tetanus, Diphtheria, And Pertussis (Tdap), Diphtheria and Tetanus (DT), and others. While Tdap and Td are administered to those aged seven and older, DTaP and DT are used as paediatric vaccines for children under the age of seven. The lowercase letters 'd' and 'p' signify the lesser strengths of the diphtheria and pertussis vaccines, respectively.
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Further key findings from the report suggest
- The market is segmented on the basis of vaccine type into Diphtheria, Tetanus, and Pertussis (DTaP); Monovalent Tetanus Toxoid (TT); Tetanus, Diphtheria, And Pertussis (Tdap); Diphtheria and Tetanus (DT); and others. DTaP vaccines occupy the highest market share in the year 2020 and are forecasted to maintain its dominance throughout the forecast period, with a CAGR of 5.3%, owing to several initiatives and investments by governments to eradicate these diseases.
- The market is segmented on the basis of age group into adults and pediatrics. The adult segment is forecasted to have a higher growth rate of 6.3% during the forecast period. The demand for Tdap and Td vaccines among adults, particularly Tdap during pregnancy will fuel the need for the Tetanus Toxoid in adults.
- The market is segmented on the basis of geography into North America, Europe, Asia Pacific, Latin America, and MEA. North America accounted for the largest share of ~32% of the market in 2020. The region has a well-established and advanced vaccination program and the presence of a large number of market players.
Key Players covered in this report are
Merck Co. Inc., GlaxoSmithKline Plc., Sanofi Pasteur, Inc., Pfizer, Inc., Bharat Biotech, AstraZeneca Plc., Valeant Pharmaceuticals, Shenzhen Kangtai Biological Products, Astellas Pharma Inc., Emergent Biosolutions Inc., and Panacea Biotec, among others.
Vaccine type Outlook (Volume, Kilo tons; 2020-2028 and Revenue, USD Billion; 2020-2028)
- Monovalent Tetanus Toxoid (TT)
- Diphtheria, Tetanus, and Pertussis (DTaP)
- Diphtheria and Tetanus (DT)
- Tetanus, Diphtheria, And Pertussis (Tdap)
- Others
Dosage Outlook (Volume, Kilo tons; 2020-2028 And Revenue, USD Billion; 2020-2028)
- Quadrivalent
- Pentavalent
- Hexavalent
Age group Outlook (Volume, Kilo tons; 2020-2028 And Revenue, USD Billion; 2020-2028)
- Paediatric Vaccines
- Adult Vaccines
End users Outlook (Volume, Kilo tons; 2020-2028 And Revenue, USD Billion; 2020-2028)
- Hospitals And Clinics
- Government Organizations
- Research
- Others
Geographic Segment Covered in the Report:
The Tetanus Toxoid report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
Major Points covered in this report are as below:
• The Tetanus Toxoid industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.
• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
• The Tetanus Toxoid Market report provides key statistics on the market status of the Tetanus Toxoid manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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