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Anthrax Vaccine Market Size

  • Report ID: GMI9546
  • Published Date: May 2024
  • Report Format: PDF

Anthrax Vaccine Market Size

Anthrax Vaccine Market was valued at USD 11.9 billion in 2023 and is anticipated to witness a CAGR of 5.4% over the analysis period. One of the primary drivers is the increasing awareness about anthrax as a potential bioterrorism threat, which has led to government initiatives and funding for anthrax vaccine development and procurement.

 

Additionally, the growing incidence of anthrax in livestock and humans, particularly in regions where the disease is endemic, is driving the demand for vaccines. Furthermore, the inclusion of anthrax vaccines in national immunization programs in some countries and the expansion of these programs to include more regions are expected to further fuel market growth.

 

Anthrax is a serious infectious disease caused by the bacterium Bacillus anthracis. It primarily affects animals but can also infect humans. Anthrax vaccines provide immunity against anthrax. The vaccines are generally safe and effective, although they can cause mild side effects such as soreness at the injection site, fever, and muscle aches.

 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Industry size for anthrax vaccine was worth USD 11.9 billion in 2023 and is projected to expand at 5.4% CAGR from 2024 to 2032, due to the increasing awareness about anthrax as a potential bioterrorism threat.

The cell free PA vaccine segment in the anthrax vaccine industry reached USD 6.7 billion in 2023 and is projected to expand at substantial rate from 2024 to 2032, owing to the improved safety profiles compared to whole-cell vaccines.

The veterinary use segment in the anthrax vaccine industry held 81.8% share in 2023 and is estimated to witness robust growth between 2024 and 2032, due to the rising need to prevent the spread of anthrax in animal populations, protecting both animals and humans from the disease.

North America industry recorded USD 4.7 billion in revenue in 2023 and is estimated to depict significant growth between 2024 to 2032, on account of the growing awareness among livestock animal caretakers regarding their immunization against anthrax.

Anthrax Vaccine Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 256
  • Countries covered: 22
  • Pages: 146
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