Travel Vaccines Market By Type (Routine Vaccination, Recommended Vaccination, Required Vaccination) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

Industry Outlook

The travel vaccines market is set to reach US$ 6,886.7 Mn by 2026 from US$ 3,592.1 Mn in 2017 showcasing steady growth at a compounded annual growth rate (CAGR) of 7.5% during the forecast period from 2018 to 2026. As per the research findings of World Tourism Organization (WTO) the number of international arrivals throughout the globe is expected to reach 1.6 billion by 2020. It is estimated that 51% of these travelers accounted for holiday and recreational purpose, 15% tourist traveled for business purpose and 24% reported travel for religious reason and pilgrimage.

Travelers are at a high risk to bacterial and viral infection due to sudden change in humidity, altitude, temperature, poor hygiene and lack of medical services in remote areas etc. The World Health Organization (WHO) has drafted a treatment guideline for the travelers primarily focusing on the importance of vaccination as a preventive measure classified as routine, recommended and required vaccination.

Market Synopsis

Travel Vaccines Market

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"Required vaccination are gaining prominence due to sudden outbreak of fatal diseases such as ebola, zika and middle east respiratory syndrome"

Routine vaccination holds the largest market share by type in the travel vaccines market. It is helpful in developing immunity in humans against infectious diseases such as influenza, MMR, tuberculosis and diphtheria etc. The other factors responsible for the dominance of routine vaccination are the rising prevalence of infectious diseases and proactive government policies to promote vaccination in all age groups. Favorable reimbursement scenario has a positive impact on the routine vaccination market growth. Recommended vaccination are gaining popularity on account of facts such as increasing number of visitors globally. They are taken two months in advance on physicians recommendation to build immunity against endemic diseases such as cholera, diarrhea, Japanese encephalitis etc. Required vaccination will be the fastest growing segment on account of factors such as sudden outbreak of fatal diseases such as ebola, zika, malaria and middle east respiratory syndrome.

Travel Vaccines Market

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"Increasing public health awareness and well-developed healthcare infrastructure to drive North America market growth"

North America is the clear leader in travel vaccines market. The key parameters which propel the travel vaccines market growth in North America are increasing public health awareness and existence of well-developed healthcare infrastructure. Presence of key players and implementation of treatment guidelines emphasizing preventive care in citizens travelling abroad drive the North America market. European medical agency has made it mandatory for visitors to get vaccinated at the port of entry for infectious diseases such as tuberculosis, swine flu and hepatitis B etc. Asia Pacific will be showcasing fastest growth during the forecast period owing to rising prevalence of infectious diseases and rampant growth in tourism sector. Middle East and Africa performs stringent vaccination of the haj piligrims in order to prevent the spread of middle east respiratory syndrome (MERS). Since the outbreak of fatal diseases such as ebola and zika the healthcare agencies in Latin America and African region the government healthcare bodies have invested huge funds in developing vaccines to protect the health of their citizens.

Travel Vaccines Market

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Historical & Forecast Period

This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments are calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

Organic and inorganic market growth analysis were employed to determine the market estimation and compounded annual growth rate. The travel vaccines market segmentation comprises of by type and by geography.

Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Million

 By Type (2016–2026; US$ Mn)
 • Routine Vaccination
    o Hepatitis B
    o Influenza
    o MMR
    o Tuberculosis
    o Others
 • Recommended Vaccination
    o Cholera
    o Japanese Encephalitis
    o Diarrhea
    o Yellow Fever
    o Others
 • Required Vaccination
    o Malaria
    o Ebola
    o Zika
    o Middle East Respiratory Syndrome
    o Others

 Geography Segment (2016–2026; US$ Mn)
 • North America (United States and Canada)
 • Europe (U.K., Germany, Rest of Europe)
 • Asia Pacific (China, Japan, Rest of Asia Pacific)
 • Latin America (Brazil, Mexico, Rest of Latin America)
 • Middle East and Africa (GCC, Rest of MEA)

Market assessment is performed in the scope of report to understand the latest market trends prevailing in the travel vaccines market. Comprehensive study was performed to understand the disease etiology of different infections encountered by travelers throughout the globe and the preventive action taken by the global healthcare agencies. Competitive landscape is covered in the scope of the report to understand the competition existing among key players. The vaccines classified as routine, recommended and required vaccination are covered under the product portfolio segment. Major players providing travel vaccines are Baxter AG, Bharat Biotech, GlaxoSmithkline, Plc., Inovio Pharmaceuticals, Inc., Merck & Co., Inc., Novartis AG, PaxVax Corporation, Sanofi Pasteur SA, Valneva SE and VBI Vaccines, Inc.

Key questions answered in this report

  • What is the market estimation and compounded annual growth rate for travel vaccines market?
  • Who are the major players in travel vaccines market?
  • What are the treatment guidelines and vaccination prescribed by regulatory bodies throughout the globe?
  • What are the drivers, challenges and opportunities existing in the travel vaccines market?
  • What is the competitive scenario existing in travel vaccines market?
  • Which is the leading and fastest growing type segment for travel vaccines market?
  • Which is the leading and fastest growing regional segment for travel vaccines market?
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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
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Published Date:  Oct 2018
Category:  Pharmaceuticals
Report ID:   59416
Report Format:   PDF
Pages:   120
Rating:    4.4 (69)
Delivery Time: 24 Hours to 48 Hours   
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