Tetanus Toxoid Vaccine Market Size, Share, Trends, Growth, Opportunities And Strategies 2024

The Tetanus Toxoid Vaccine Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Tetanus Toxoid Vaccine Global Market Report 2024, The tetanus toxoid vaccine market size is expected to see strong growth in the next few years. It will grow to $6.74 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to increasing investments in research and development, and expanding distribution networks. Major trends in the forecast period include advancements in vaccine technology, emerging markets, launches of new products and services, and growing demand for vaccines.

The increasing pre term birth rates is expected to propel the growth of the tetanus toxoid vaccine market going forward. Preterm birth occurs when a baby is born before completing 37 weeks of gestation, potentially leading to various health challenges due to incomplete development. The preterm birth issue arises due to increased maternal age, lifestyle choices, medical interventions such as assisted reproductive technologies, maternal health conditions, and environmental factors. The rise in preterm birth rates drives the demand for tetanus toxoid vaccines as more newborns and infants require immunization to protect against tetanus and other preventable diseases. For instance, in January 2023, according to the Office for National Statistics, a UK-based governmental organization, the percentage of preterm live births saw a slight rise from 7.4% in 2020 to 7.5% in 2021. Therefore, the increasing pre term birth rates are driving the growth of the tetanus toxoid vaccine market.

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The tetanus toxoid vaccine market covered in this report is segmented –

1) By Vaccine Type: Tetanus Toxoid (TT), Diphtheria And Tetanus (DT), Tetanus And Diphtheria (Td), Diphtheria, Tetanus, And Pertussis (Dtap), Tetanus, Diphtheria, And Pertussis (Tdap), Pentavalent, Hexavalent, Other Types

2) By Age Group: Pediatric, Adult

3) By End-User: Hospitals And Clinics, Government Organizations, Other End-Users

Major companies operating in the tetanus toxoid vaccine market are developing advanced vaccines, such as the wP-IPV-based pentavalent vaccine, to enhance their product offerings and meet the growing demand for comprehensive immunization solutions. wP-IPV-based pentavalent vaccines are a combination vaccine designed to protect against multiple diseases with a single injection. It uses inactivated bacteria and viruses to stimulate immunity without causing disease. For instance, in December 2023, Panacea Biotec Limited, an India-based biotechnology company, launched EasyFourPol, a fully-liquid wP-IPV-based pentavalent vaccine. This innovative vaccine protects against five life-threatening diseases, including Diphtheria, Tetanus, Pertussis, Polio, and invasive infections caused by Haemophilus Influenza Type B. EasyFourPol is a ready-to-use combination vaccine that eliminates the need for on-site preparation by healthcare workers, offering the same level of protection as single-antigen vaccines.

The tetanus toxoid vaccine market report table of contents includes: