The size of global Cholera Vaccines Market exhibited significant strength in 2020 and is projected to maintain a stable revenue compound annual growth rate (CAGR) from 2021 to 2028. The growth in market revenue is driven by several key factors, including the rising global awareness about cholera vaccinations, the consumption of contaminated food, inadequate sanitation facilities, and a higher prevalence of chronic diseases.
Cholera is an infectious bacterial disease that leads to sudden and severe symptoms such as loss of bodily fluids and salts, accompanied by diarrhea. Vibrio cholera, the bacterium responsible for cholera, is primarily transmitted through the consumption of contaminated food or water. If left untreated, the disease can be fatal due to severe dehydration. Cholera primarily affects individuals residing in areas with untreated drinking water and unsanitary sewage systems. It spreads rapidly in overcrowded locations lacking proper sanitation and hygiene. Additionally, cholera outbreaks occur during natural disasters when access to clean water and adequate toilet facilities is compromised.
Currently, two common types of cholera vaccines are available worldwide: Killed Oral O1 and O139 (inactivated vaccines) and Whole-cell V cholera O1 with recombinant B-subunit (live oral cholera vaccines). Cholera vaccinations play a crucial role in preventing the disease and are primarily administered to individuals planning to travel to cholera-endemic regions or those residing in areas affected by cholera outbreaks. The recommended age group for cholera vaccination is adults between 18 and 64 years old.
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Competitive Landscape:
Key companies in the global market include:
PaxVax
Inc.
Valneva SE
Astellas Pharma Inc.
Emergent BioSolutions
Inc.
Inc
Sanofi
Eubiologics Co.
Ltd.
GlaxoSmithKline
Johnson Johnson Services Inc. (Crucell)
and Celldex Therapeutics
Inc.
and Merck Co.
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The driving factors of the Cholera Vaccines Market include:
- Increasing Awareness: There is a growing global awareness about the importance of cholera vaccinations. Governments, healthcare organizations, and international bodies are actively promoting the benefits of vaccination, leading to an increased demand for cholera vaccines.
- Consumption of Contaminated Food and Water: Cholera is primarily transmitted through the consumption of contaminated food and water. As the consumption of contaminated food and water remains a significant issue in many regions, there is a continuous need for effective vaccines to prevent cholera outbreaks.
- Lack of Adequate Sanitation: In areas with inadequate sanitation facilities, the risk of cholera outbreaks is higher. Cholera vaccines are considered an essential preventive measure in such regions to reduce the spread of the disease.
- Higher Incidence of Chronic Diseases: Individuals with chronic diseases, weakened immune systems, or compromised health conditions are more susceptible to cholera. The prevalence of chronic diseases worldwide has been increasing, contributing to the demand for cholera vaccines as a preventive measure.
On the other hand, the restraints of the Cholera Vaccines Market may include:
- Limited Access to Healthcare: In some regions, particularly low-income countries, there may be limited access to healthcare facilities, including vaccines. This can hinder the widespread availability and distribution of cholera vaccines.
- Vaccine Hesitancy: Vaccine hesitancy or reluctance to receive vaccines can affect the adoption of cholera vaccines. Misinformation, misconceptions, or cultural beliefs may contribute to vaccine hesitancy among certain populations.
- Manufacturing and Supply Challenges: Manufacturing and supplying vaccines on a global scale can pose challenges, including production capacity limitations, distribution logistics, and ensuring a continuous and adequate supply of vaccines.
- Cost of Vaccination: The cost of cholera vaccines can be a barrier, especially for individuals in low-income regions or those without access to affordable healthcare. Affordability and cost-effectiveness of vaccines play a crucial role in their adoption and availability.
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