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Travel Vaccines Market Size

  • Report ID: GMI6573
  • Published Date: Aug 2023
  • Report Format: PDF

Travel Vaccines Market Size

Travel Vaccines Market size was valued to be USD 3.8 billion in 2022 and is predicted to experience a sustainable growth of CAGR 9.7% till 2032 due to the increasing travel and tourism that is leading to an increased awareness about vaccine-preventable diseases among travellers. Furthermore, the initiatives being taken by government and other organizations to enhance travel safety are also supporting the progression of industry.

 

Travel vaccines refers to specialized vaccines that are recommended for individuals willing to travel to destinations where specific infectious diseases pose a heightened risk. These vaccines provide protection against diseases that might not be prevalent in the traveller’s home country but are endemic in the region they intend to visit. Travel vaccines work against numerous diseases such as hepatitis A, hepatitis B influenza, meningococcal, diphtheria pertussis tetanus (DPT), and others. Modern vaccine development techniques, such as recombinant DNA technology and mRNA vaccines technology, have revolutionized the process of creating vaccines. The advances in biotechnology have enabled the creation of tailored vaccines that can be customized to target specific strains or variants of pathogens. This is particularly important for travel vaccines, as disease prevalence and strains can vary by region.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market size for travel vaccines was worth USD 3.8 billion in 2022 and will record 9.7% CAGR from 2023 to 2032 due to the surging awareness about vaccine-preventable diseases among travellers.

Mono travel vaccines market size is expected to witness 9.2% CAGR from 2023-2032 owing to the surging need to provide targeted protection against specific diseases.

The outbound travel application segment is expected to witness 9.1% CAGR from 2023-2032 owing to increasing travel for different purposes such as business, vacations, medical tourism, migration, and other purposes.

North America travel vaccines industry size was USD 1.6 billion in 2022 and may reach USD 4 billion by 2032 due to significant number of outbound and domestic trips

Travel Vaccines Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 211
  • Countries covered: 19
  • Pages: 119
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