North America, Europe to Dominate DPT Vaccine Market
The new research report from Market Research Future (MRFR) profiles the global DPT vaccine market in great detail and provides readers with a comprehensive overview of the market. The market’s historical growth trajectory, present conditions, and future growth prospects over the forecast period from 2016 to 2027 are studied in the report. The report provides a comprehensive overview of the market’s historical growth trajectory by detailing the historical stats regarding the market. Future projections are based on the detailed historical stats offered in the report. Based on this platform, future projections for the DPT vaccine market’s growth trajectory over the forecast period are provided in the report. The report also profiles the leading players in the global DPT vaccine market and gives readers a comprehensive analysis of the leading players in the global DPT vaccine market. The report also profiles the major drivers and restraints affecting the global DPT vaccine market. The factors making the market tick and those holding the market back are studied in detail in the report. The impact of the COVID-19 pandemic on the DPT vaccine market is also assessed in the report.
DPT vaccine is a vaccine against diphtheria, pertussis, and tetanus, and serves as a three-in-one solution for bothersome diseases that have accounted for the lives of many children in the past. The increasing prevalence of pertussis among children, especially in developing countries in Africa, Asia Pacific, and South America, is likely to be a major driver for the global DPT vaccine market over the forecast period. Increasing awareness about the DPT vaccine is also likely to be a major driver for the global DPT vaccine market, as consumers are now coming forward to give DPT vaccines to their young children and are aware of the precise benefits of the vaccine. Increasing support from government agencies to widespread administration of the DPT vaccine is also likely to be a major driver for the DPT vaccine market over the forecast period.
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Competitive Leaderboard:
Leading players in the global DPT vaccine market include Chiron Pharmaceutical Pvt. Ltd., Wyeth, Lanzhou Institute of Biological Products, GSK, Sanofi, and Merck Co. Inc. Major players are likely to focus on production capacity expansion in the coming years, as the demand for DPT vaccines is likely to increase in the coming years. European companies hold a major share in the global DPT vaccine market. As a result, the European market for DPT vaccine is likely to emerge strongly on the global scene over the forecast period.
Segmentation:
The global DPT vaccine market is segmented on the basis of type, application, and region.
By type, the global DPT vaccine market is segmented into DPaT, DTwP, and Tdap. All three segments hold a major share in the global DPT vaccine market and are likely to remain commercially relevant over the forecast period.
By application, the global DPT vaccine market is segmented into diphtheria, pertussis, and tetanus. The growing prevalence of pertussis in children is likely to drive the pertussis segment of the global DPT vaccine market over the forecast period. The tetanus segment is also likely to exhibit steady growth over the forecast period.
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Regional Analysis:
North America holds the largest share in the global DPT vaccine market and is likely to remain the leading revenue generator over the forecast period. North American healthcare agencies, especially the agencies in the U.S. and Canada, are among the strongest and most comprehensive in the world. This has led to widespread incorporation of the DPT vaccine. This is likely to remain a major driver for the global DPT vaccine market over the forecast period. On the other hand, the increasing opposition to vaccination in the U.S. could have a retarding effect on the global DPT vaccine market.
Europe is the second largest regional market for DPT vaccines, followed by Asia Pacific. European companies are in a strong position in the global DPT vaccine market, leading to strong growth of the DPT vaccine in the region.