Clostridium vaccine aids in preventing clostridial diseases including botulism, tetanus, and gas gangrene. The vaccines enhance immunity against clostridium bacteria and offer protection from severe illnesses. The global Clostridium vaccine market is driven by the rising cases of tetanus and increasing awareness regarding clostridial infections. The global Clostridium Vaccine Market is estimated to be valued at US$ 2.3 Bn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing prevalence of clostridium diseases is one of the major factors fueling the growth of the global Clostridium vaccine market. As per World Health Organization (WHO), every year around 59,000 people die of tetanus across the globe. Most tetanus cases now occur in developing nations where vaccination coverage is low. Higher susceptibility of newborns to tetanus infection is another factor driving the demand for clostridium vaccines globally. Development of new and advanced clostridium vaccines incorporating innovative drug delivery technology and formulation is expected to present lucrative growth opportunities for market players over the forecast period.
Segment Analysis
The global Clostridium vaccine market is segmented on the basis of vaccine type and end user. Based on vaccine type, the market has been segmented into Pentavalent Clostridium vaccine and Heptavalent Clostridium vaccine. The pentavalent Clostridium vaccine segment is expected to dominate the market owing to its high effectiveness against five types of clostridium infection.
Key Takeaways
The Global Clostridium Vaccine Market Growth is expected to witness high during the forecast period of 2023 to 2030, expanding at a CAGR of 5.9%.
Regional analysis: North America is expected to be the fastest growing as well as the dominating regional market throughout the forecast period. Presence of major key players, increasing healthcare expenditure, and growing awareness regarding clostridium infections are some factors driving the growth of the Clostridium vaccine market in the region.
Key players: Key players operating in the Clostridium vaccine market are Novartis AG (Switzerland), Biogen Inc. (US), Gilead Sciences, Inc. (US), Bristol-Myers Squibb (US), Alnylam Pharmaceuticals, Inc. (US), and Sarepta Therapeutics, Inc. (US) among others. Novartis AG is expected to dominate the market owing to its strong brand presence and wide product portfolio of Clostridium vaccines.
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Market HighlightsThe global veterinary clostridium vaccine anticipated to have held a market value of USD 461.7 million in the year 2017 and is expected to grow at a CAGR of 4.5% during the forecast period.Clostridium bacteria is an anaerobic in nature and widely found in soil and gut of humans and animals.
Vaccination play important role in protection of animals against clostridial diseases.
The veterinary hospital, veterinary clinic, veterinary research institute, and retail pharmacy are the major distribution channel for the veterinary clostridium vaccine products.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/7463The increasing awareness pertaining to zoonotic diseases, rising incidence rate of clostridium family diseases, increased awareness relating animal-derived products, and increase in disposable income are expected to drive the growth of market.
However, side effects associated with vaccines and high cost of the treatment hamper the market growth over the forecast period.Regional AnalysisGeographically, the Americas is expected to dominate the global veterinary clostridium vaccine market owing to the presence of well-established players, increased awareness pertaining to zoonotic diseases, rising incidence rate of clostridium family diseases, increased awareness relating animal-derived products, and increase in disposable income.
Europe is expected to hold the second largest position in the global veterinary clostridium vaccine market.
Asia-Pacific is expected to be the fastest growing market owing to the increasing awareness about veterinary clostridium vaccine products and increase in disposable income.
Veterinary Clostridium Vaccine Market Report presents the conceptual study and strategic analysis which provides market scope, applications, a topographical presence that drive the Veterinary Clostridium Vaccine market.
Veterinary Clostridium Vaccine Market Global Industry report provides the latest market statistics, industry growth, size, share, trends, as well as driving factors.
The detailed overview of the market segments, product description, Veterinary Clostridium Vaccine applications is presented in this report.
The combination vaccines include of bacterins, toxoids or mixtures of bacterins and toxoids.
Major Players covered in the Veterinary Clostridium Vaccine Market-Bayer AG, Bimeda, Inc., Boehringer Ingelheim International GmbH, Ceva, Eli Lilly and Company, Intervet Inc., Sanofi, Virbac, Zoetis, Inc., Aratana Therapeutics, Inc., ARKO Labs, CanFel Therapeutics, CEVA Logistics, Hygieia Biological Laboratories, Nuovo Biologics,LLC, Valneva SE A large-scale Veterinary Clostridium Vaccine Market report delivers a comprehensive analysis of the market structure along with estimations of the various segments and sub-segments of the market.
This study also analyzes the market status, future trends, revenue generation, market share, growth rate, opportunities and challenges, sales volume, market drivers, market restraints, risks, and entry barriers.
