PUBLISHER: Market Research Future | PRODUCT CODE: 1699230
PUBLISHER: Market Research Future | PRODUCT CODE: 1699230
Report Information on Middle East & Africa Human Vaccine Market Research by Vaccine Type (Inactivated, Toxoid, Conjugate and Subunit, Recombinant DNA), by Age Group (Pediatrics, and Adults), by Indication (Pneumococcal, Influenza, Hepatitis, DTP, Polio and others), by Administration (Injectable, Oral, and others), by Distribution Channel (Public, and Private) Forecast to 2032
The human vaccine market in the Middle East and Africa is expected to increase at a strong compound annual growth rate (CAGR) of 8.80% over the course of the study period. Biological preparations called human vaccinations protect people from illness and its potentially serious effects by stimulating the immune system to create immunity to a particular disease. These vaccinations usually contain pathogens (such bacteria or viruses), their toxins, or surface proteins that have been attenuated or rendered inactive. This stimulates the immune system without causing the disease.
The Middle East and Africa's human vaccine market is expanding due to factors such the increase in disease load and epidemic outbreaks, as well as increased awareness of the importance of immunization in preventing infectious illnesses. Additionally, as funding and investment in expansion continue to expand, the sector will create prospects for future development.
Perspectives on Market Segments
The market for human vaccines in the Middle East and Africa has been divided into four segments: recombinant DNA, conjugate and subunit, toxoid, and inactivated.The type of vaccine is the basis for this organization.
Based on age, the market has been divided into two segments: adults and pediatrics. The pediatrics segment grew at the fastest rate during the projection period and held the greatest market share in 2023.
Based on indication, the human vaccine market in the Middle East and Africa has been divided into several segments, including polio, DTP, influenza, hepatitis, and pneumococcal.
Based on the route of administration, the market has been divided into three segments: injectable, oral, and other.
Depending on the distribution mechanism, the market has been split into public and private sectors.
The market was valued at USD Egypt million in 2023. The United Arab Emirates (UAE), Saudi Arabia, Israel, Kuwait, Oman, Qatar, Egypt, Bahrain, and the Rest of the Middle East are the subregions that make up the Middle East.
Due to increased government support for vaccination, rising healthcare costs, and growing awareness of the need of immunization, the Middle Eastern human vaccine market is expected to rise significantly. In April 2024, the Kingdom of Saudi Arabia pledged $500 million to the Global Polio Eradication Initiative (GPEI) over a five-year term. The launch of novel vaccinations that target a wider range of diseases and developments in vaccine technology also contribute to the market's growth. To combat the rise of infectious diseases, current trends point to a shift to customized vaccinations and more funding for research and development.
The main players in the Middle East human vaccine market are Pfizer Inc., Vacsera, Merck & Co., Inc., AstraZeneca, SaudiVax, Cipla, GSK Plc, Sanofi, Biovac, and Bharat Biotech.