Ticovac Market Size – Historical and Forecast Analysis:
The Ticovac market has seen considerable growth in recent years, growing from $4,010 million in 2024 to $4,310 million in 2025, at a compound annual growth rate (CAGR) of 7.6%. The surge in market size during the historic period can be attributed to factors such as growing awareness, increase in travel to endemic areas, rising veterinary concerns, rising geriatric population, and the rise in military and defense vaccinations. The market is forecasted to maintain strong growth trends in the coming years, with a projected growth to $5,700 million by 2029 at a CAGR of 7.3%. This forecasted market growth can be attributed to factors such as increasing number of outdoor workers, rising healthcare expenditure, focus on regional disease control, increase in health insurance coverage, and rising incidence of tick-borne encephalitis (TBE) cases.
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What Are the Key Drivers for Ticovac Market Growth?
The rising prevalence of tick-borne diseases is a key factor driving the growth of the Ticovac Market. Tick-borne diseases, transmitted to humans through the bite of infected ticks, have been steadily rising owing to climate change, expanding tick habitats, increased human exposure, and improved diagnostics. Ticovac is required for tick-borne diseases as it provides active immunization against tick-borne encephalitis (TBE), a potentially severe viral infection transmitted through tick bites.
Further, increasing research and development activities are expected to drive the Ticovac market’s growth. The systematic investigation and innovative efforts to create new products and improve existing ones have led to advancements in vaccine formulation, enhancing Ticovac’s efficacy, and ensuring its capacity to address emerging strains of tick-borne encephalitis.
Key Market Segments:
• Formulation: Inactivated Vaccines; Live Attenuated Vaccines
• Indication: Tick-Borne Encephalitis; Japanese Encephalitis; Rabies Encephalitis
• Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Pharmacies
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Who Are The Major Players in the Ticovac Market?
Pfizer Inc., a leading pharmaceutical company, is among the major players operating in the Ticovac market.
What Emerging Trends Are Shaping The Ticovac Market Landscape?
One of the key trends in the Ticovac market is the focus on innovative formulations such as suspension liquid to gain a competitive edge in the industry. Companies like Pfizer Inc. are leading this trend, with their recent launch in September 2024 of Ticovac, a vaccine aimed at preventing tick-borne encephalitis (TBE).
Which Region Shows The Fastest Growth in The Ticovac Market?
In 2024, Europe was the largest region in the Ticovac market. North America, however, is expected to be the fastest-growing region within the forecast period. The Ticovac market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What is The Ticovac Global Market Report 2025?
TicoVac is a vaccine used to protect against tick-borne encephalitis (TBE), a disease caused primarily through tick bites or consuming unpasteurized dairy products from infected animals. TBE affects the central nervous system leading to severe neurological complications, including meningitis and encephalitis. The Ticovac Global Market Report 2025 from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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