TRAVEL VACCINES MARKET: OVERVIEW & FORECAST

TRAVEL VACCINES MARKET: OVERVIEW & FORECAST

Market Overview

Vaccines are a combination of killed microorganisms, living attenuated organisms or living fully virulent organisms that are monitored for artificially increasing or creating immunity for any particular disease. The branch of medicine that deals with the prevention and management of health problems of international travellers is called Emporiatrics. Travel vaccine is the first step towards smart and healthy travel. Nowadays along with the passport, travel vaccine shots are a must have before a person embarks on international travel. Travel vaccines provide immunisation by reducing the risk of getting sick while travelling abroad. Tourists traveling to South America and central countries of Africa should get vaccinated for Yellow Fever. Likewise, different countries have different diseases existing or prevailing within the region. Travel vaccines are recommended by health organisations especially to tourists who travel to developing or endemic countries. DUKORAL is an example of a travel vaccine that protects tourists from Diarrhea and Cholera. These are the common diseases caused by intake of contaminated food and water while travelling. Travel vaccine shot recommendations vary from person to person depending on gender, age and medical history of the tourist.

TRAVEL VACCINES MARKET: DRIVERS

Travel vaccination is mandated by many government bodies such as Centers for Disease Control and Prevention (CDC) and National Health Service, U.S.A. (NHS). The increase in inbound tourism in developing countries where health risk is higher has led to the development of the travel vaccines market. There is an increase in demand for travel vaccines in international tourists as they are more conscious about their health. Fatal diseases like Ebola Hemorrhagic Fever (EHF) and Swine Influenza (flu) have made people emphasise on all the preventive measures prior to travelling. The growth in the number of international tourists over the last decade has fostered the demand for travel vaccines. Further, the rise in the number of infectious diseases across the globe has led to the increase in production of travel vaccines. Different types of travel vaccine dosages are required for children, old people, pregnant women and tourists with other health problems like immune-compromised people.

TRAVEL VACCINES MARKET: OPPORTUNITIES

Various big pharmaceutical companies are engaged in R & D activities for developing travel vaccines. Companies are trying to develop travel vaccines for region-specific diseases. As the world is moving towards free trade and globalisation, the number of international tourists is likely to increase year by year. The growth of the world travel vaccine market is directly proportional to the rise in the number of international tourists.

TRAVEL VACCINES MARKET: TRENDS

The development of “Combination Vaccines” through R & D by top pharmaceutical companies has reduced the number of dosages taken for travel vaccines. It is because one combination vaccine provides prevention for more than one disease. MMR is a combination travel vaccine that provides resistance for Measles, Mumps and Rubella. Travellers are advised by doctors that they should be opting for region-specific immunisation plans. Travel vaccine intake should be in accordance with the type of diseases existing or prevailing in the travel destination. Some of the vaccines related to travel are Meningococcal conjugate vaccine (MCV4), Hepatitis A, Hepatitis B, and Bacillus Calmette-Guerin (BCG).

TRAVEL VACCINES MARKET: RESTRAINTS

Travel vaccines, as well as all types of vaccines, are difficult to store at any temperature. Vaccines need special storage conditions. Cold chain maintenance i.e. maintaining the required storage conditions along the value chain affects the travel vaccine market. Different people have a different medical history. Repeating the intake of the same vaccine after childhood can have other side effects. One tourist may travel multiple destinations in a year or in the lifetime. Different regions of the world are prone to different kinds of health ailments. Having travel vaccines as frequently as the number of trips and travel destinations can cause severe repercussions on the immune system of a person.

TRAVEL VACCINES MARKET: MAJOR PLAYERS

Some of the leading companies operating in the travel vaccines market include Abbott Laboratories, Baxter International, Crucell Vaccines – Janssen Global Services, Dynavax Technologies Corporation, Emergent BioSolutions, F. Hoffman-La Roche Ltd., GSK group of companies, Pfizer Inc., Shenzhen Kangtay Biological Products Co., Ltd., Takeda Pharmaceuticals U.S.A., Inc., and Zydus Cadilla.

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This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report. 

The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.

What Can Readers Expect from this Report?

  • An overview of the sector, including the key factors that have shaped patterns and demand
  • Not just data, but insights that you can incorporate in your strategic decision making
  • Nuanced underlying factors that influence consumer behaviour
  • Data points to understand the past, analyse the present, and project the future
  • Trends that will impact the sector in the short- and long-term
  • Deeper understanding of the target audience, their motivations, aspirations, and expectations from service providers

Travel Vaccines Market Overview And Forecast

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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TRAVEL VACCINES MARKET: OVERVIEW & FORECAST