Global Travel Vaccines Market 2018-2022 | Increase in Global Travel and Migration to Boost Growth | Technavio
December 11 2018 - 11:15AM
Business Wire
Technavio analysts forecast the global travel vaccines
market to grow at a CAGR of close to 10% during the forecast
period, according to their latest market research report.
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Technavio has released a new market
research report on the global travel vaccines market for the period
2018-2022. (Graphic: Business Wire)
Increased incidence of travel-related diseases is one of the
major trends being witnessed in the global travel vaccines
market 2018-2022. Traveling is often associated with higher
health risks, especially regarding infectious diseases. The
incidence of travel-related diseases such as yellow fever, Japanese
encephalitis, Hepatitis A & E, meningitis, typhoid, tetanus,
diphtheria, and cholera is increasing worldwide. Therefore, the
increase in the incidence of travel-related diseases will lead to
more investments in the global travel vaccines market for the
development of more effective vaccines and hence, will propel the
growth of the market.
This report is available at a USD 1,000 discount for a
limited time only: View market snapshot before
purchasing
According to Technavio analysts, one of the key factors
contributing to the growth of the global travel vaccines market is
the increase in global travel and migration:
Global travel vaccines market: Increase
in global travel and migration
Travel and migration by air, sea, and land have highly expanded
globally in the past few years, which has resulted in the spread of
pathogens and disease-causing vectors worldwide. Moreover, the
growing contact of people with different animals and plants has
also resulted in the movement of pathogens from them to people.
Recently, Germany reported an increase in communicable diseases
after the country granted asylum to two million refugees, mainly
from Iraq and Syria. Therefore, the increase in global travel and
tourism, as well as migration, offers huge opportunities for the
manufactures of vaccines to invest in the R&D of new and more
effective vaccines. Hence, this is expected to boost the growth of
the global travel vaccines market.
According to a senior analyst at Technavio
for research on vaccines, “Apart from the increase in global travel
and migration, the global travel vaccines market is expected to be
positively influenced by the increase in awareness about
vaccine-preventable diseases among travelers and the mandate by
countries on vaccinations prior to issuing visas.”
Global travel vaccines market:
Segmentation analysis
The global travel vaccines market research report provides
market segmentation by target disease for immunization (influenza,
diphtheria, hepatitis, typhoid, polio, and yellow fever) and by
region (the Americas, EMEA, and APAC). It provides an in-depth
analysis of the prominent factors influencing the market, including
drivers, opportunities, trends, and industry-specific
challenges.
The Americas region held the largest share of the market in
2017, accounting for more than 64% share, followed by EMEA and APAC
respectively. Although the APAC held the smallest share of the
market in 2017, it is expected to register the highest incremental
growth during the forecast period.
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Market Drivers
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- Vendors covered
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com