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Dengue Vaccines Market 2022 – Latest Research Report, Expected Demand and Growth Rate, Revenue, Recent Development, Future Prospect and Forecast to 2031

Kenneth Research added a report on Dengue Vaccines Market market into the repository of market research reports. The report includes in-depth analysis on the growth drivers, expansion opportunities, restraints and challenges and the recent trends in the market. The market is anticipated to grow at a CAGR of XX.X% during the forecast period, i.e., 2022-2031.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Dengue Vaccines Market products.

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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

Dengue Vaccines Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on Dengue Vaccines Market, along with the compound growth rate (CAGR) of the market for a projected period between 2021 and 2027. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.

Kenneth Research recently added a report on Dengue Vaccines Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on Dengue Vaccines Market, along with the compound growth rate (CAGR) of the market for a projected period between 2021 and 2027. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.

Global Dengue Vaccine Market Analysis – 2018-2027
Dengue (also known as dengue fever) is a viral disease in humans transmitted by the mosquitoes of genus Aedes, and are divided into four serotypes, which includes a chronological order from DEN-1 to DEN-4. The global dengue vaccine market is anticipated to record a CAGR of around 22% over the forecast period, i.e. 2019-2027.

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Factors such as growing clinical advancements observed in the development of vaccines for dengue fever along with the concern for dengue disease occurring worldwide are anticipated to contribute towards the growth of the global dengue vaccine market. According to the statistics by the World Health Organization (WHO), the total number of dengue cases around the world has observed over fifteen-fold increase, raising the number to reach a total of up to 3,312,040 numbers in the year 2015. Moreover, the market is primarily driven by the rising number of dengue cases observed around the world, which is affecting millions of people, thereby raising the need to get vaccinated by dengue vaccine. According to the World Health Organization, around 100-400 million dengue infections were estimated around the globe to occur each year. The statistics also stated that more than half of the world’s population is at risk of getting affected from dengue fever.

The global dengue vaccine market consists of various segments that are segmented by age group, by end user and by region. Both the government and private establishments segment, which are sub-segments of the end-user segment, are anticipated together to grow with a CAGR of around 20% over the forecast period and cross a market value of around USD 600 million by the end of 2027. Furthermore, the clinics segment is anticipated grow with the highest CAGR of around 22% over the forecast period.
Based on region, the global dengue vaccine market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America is anticipated to grow with a modest CAGR of around 18% during the forecast period and attain a market share of around 10% in the year 2027. Factors such as high government expenditure, increasing research and developmental activities and presence of an advanced healthcare infrastructure can be attribute to the growth of the dengue vaccine market in the region.

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Some of the affluent industry leaders in the global dengue vaccine market are Merck & Co., Inc., Sanofi, GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited and Institut Pasteur. On the other hand, a large number of players are also raising their investments on research and development activities for the advancements on dengue vaccines so as to make them available in the market, and also gain an added advantage in the market competition.

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