What are the latest figures on the rotarix market’s size and projected CAGR?
The rotarix 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 increasing birth rates, increasing the need for childhood vaccinations, increased funding from institutions, increasing insurance coverage, and increasing health-care expenditures.
The rotarix 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 a growing population and live births, a growing number of immunity-compromised individuals, an increasing number of rotavirus-related deaths, growing immunization programs, and an increasing prevalence of rotavirus infections. Major trends in the forecast period include technological advancements, innovative formulations, multivalent vaccines, developing new technology, product innovations, and product approvals.
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Which Market drivers have played a significant role in driving the rotarix market?
The increasing number of rotavirus-related deaths is expected to propel the growth of the rotarix market going forward. Rotavirus-related deaths refer to fatalities caused by severe dehydration and complications from rotavirus infection, particularly in young children. Increasing rotavirus-related deaths result from low vaccination coverage, limited access to healthcare, poor infrastructure, and inadequate treatment for dehydration. Rotarix is administered orally in two doses to infants, helping to prevent severe rotavirus infections by stimulating the immune system to produce antibodies against the virus. For instance, in August 2024, according to the GOV.UK, a UK-based government agency, the cumulative number of rotavirus laboratory reports in England up to week 21 of 2024 was 7% higher than the 5-season average. Additionally, rotavirus activity in weeks 18 to 21 of 2024 was 28% above the 5-season average and 37% higher compared to the previous 4-week period. Therefore, the increasing number of rotavirus-related deaths is driving the growth of the rotarix market.
What are the key segments within the rotarix market?
The rotarix market covered in this report is segmented –
1) By Clinical Indication: Prevention Of Severe Gastroenteritis; Cross-Protection
2) By Formulation: Liquid Formulation; Lyophilized Formulation
3) By Distribution Channel: Hospitals; Clinics; Pharmacies
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Which key players are shaping the rotarix market?
Major companies operating in the rotarix market are GlaxoSmithKline plc
Which transformative trends will shape the rotarix market landscape?
A key trend in the Rotarix market is focusing on developing innovative products such as therapies to prevent gastroenteritis, particularly in infants and young children, by enhancing vaccine efficacy and broadening accessibility to reduce healthcare burdens associated with rotavirus infections. Therapies to prevent gastroenteritis refer to medical treatments or interventions, including vaccines and medications, designed to reduce the risk of infection or mitigate the severity of gastroenteritis, which is inflammation of the stomach and intestines commonly caused by viral, bacterial, or parasitic infections. For instance, in November 2022, GlaxoSmithKline plc., a UK-based pharmaceutical company, received an approval from the U.S. Food and Drug Administration (FDA) for the Rotarix vaccine, aimed at preventing gastroenteritis caused by rotavirus in infants. This innovative presentation eliminates the need for reconstitution, making it more convenient for healthcare providers to administer. Clinical trials have shown that the liquid formulation is non-inferior in immunogenicity and has a comparable safety profile to the previously available lyophilized version.
How do regional factors impact the rotarix market, and which region is the largest contributor?
North America was the largest region in the rotarix market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rotarix market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Rotarix Market Report 2025 Offer?
The rotarix market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Rotarix refers to a vaccine that is used to prevent rotavirus infections, which can cause severe diarrhea and dehydration in infants and young children. It is used for protecting against rotavirus gastroenteritis, helping to reduce hospitalizations and severe illness associated with the virus.
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