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How has the attenuvax grown historically, and what trends indicate future expansion?
The attenuvax market size has XX (HCAGR) in recent years. It will grow from $XX million in 2024 to $XX million in 2025 at a compound annual growth rate (CAGR) of XX%. The growth in the historic period can be attributed to the rising incidence of measles, government vaccination initiatives, partnerships with global health organizations, increase in research, and reduced logistic constraints.
The attenuvax market size is expected to see XX (FCAGR) in the next few years. It will grow to $XX million in 2029 at a compound annual growth rate (CAGR) of XX%. The growth in the forecast period can be attributed to the growing pediatric population, increasing incidences of pneumococcal, growing pediatric population infections, growing public health campaigns, increased focus on preventive healthcare. Major trends in the forecast period include new product innovations, collaborations with international vaccine, increased funding for immunization programs manufacturers, advancements in vaccine technology, and pediatric healthcare improvements.
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#Which key factors are driving the expansion of the attenuvax industry?
The increasing incidence of measles is expected to propel the attenuvax market going forward. Measles is defined as a highly contagious viral disease primarily affecting children, characterized by its potential to cause severe complications. Measles is increasing due to declining vaccination rates, vaccine hesitancy, global travel, erosion of herd immunity, inadequate healthcare systems, and anti-vaccine movements. Attenuvax helps measles patients by offering a highly effective vaccine that provides immunity against the virus, reducing the risk of infection, minimizing the severity of symptoms, and preventing complications associated with measles, thereby supporting overall patient health and public health initiatives. For instance, in November 2024, according to World Health Organization, a Switzerland based non-profit health organization, there were an estimated 107,500 measles deaths globally in 2023. Moreover, in November 2024, according to Centers for Disease Control and Prevention, US-based government agency, in 2024, 16 measles outbreaks with 70% of cases (197 out of 280) outbreak-associated were reported, compared to 4 outbreaks in 2023 with 49% of cases (29 out of 59) linked to outbreaks. Therefore, increasing incidence of measles is expected to drive the attenuvax market.
How is the attenuvax market segmented by product, application, and end-user?
The attenuvax market covered in this report is segmented –
1) By Clinical Indication: Measles, Mumps, Rubella
2) By Distribution channel: Hospital Pharmacies, Drug stores, Retail Pharmacies, Vaccination Centre
3) By End Use: Hospitals, Clinics, Ambulatory Care, Home Care
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Which leading companies are dominating the attenuvax market landscape?
Major companies operating in the attenuvax market include Merck & Co. Inc.
Which geographic areas are expected to offer the highest growth opportunities in theattenuvax market?
North America was the largest region in the attenuvax market in 2024. The regions covered in the attenuvax market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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