According to a new report by Reports and Data, the global Tetanus Vaccine Market is expected to reach USD 5.51 billion by 2028. DTaP (Diphtheria, Tetanus and acellular Pertussis) is a vaccination product that targets diphtheria, tetanus, and pertussis, usually administered at two months of age. The "D" and "P" in DTaP relate to higher concentrations of diphtheria and pertussis antigens, compared to Tdap products.
The market demand for DTaP vaccine is anticipated to increase in the forecast period due to the rising need for vaccines to prevent diseases like diphtheria, tetanus, and pertussis. The pertussis vaccine market is also expected to grow due to the high birth rate and increasing popularity of pertussis vaccination, which in turn will have a positive impact on the global DTaP vaccine market.
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The WHO conducted a survey in 2015, revealing that 126 countries had achieved a vaccine coverage of at least 90%. Despite this progress, injuries resulting from vaccination have the potential to impede the global market's growth.
For instance, in the U.S., the federal VICP (Vaccine Injury Compensation Program) registered seven claims in 2015 due to post-pertussis vaccination injuries and fatalities, including four serious injuries and three deaths. Governments worldwide have implemented various initiatives to promote the benefits of immunization through vaccination programs, which are expected to drive the market's growth in the coming years.
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The report predicts a significant growth in the use of DTaP vaccine for the treatment of Pertussis during the forecast period, as childhood vaccination is considered a safe and cost-effective way to achieve a Pertussis-free environment. Kinrix is expected to dominate the market, with North America holding the largest market share in 2020.
The market players include GlaxoSmithKline, Sanofi Pasteur, Protein Sciences Corporation, Novartis AG, Merch Sharp Dohme Corp., Pfizer Inc., Astellas Pharma US, Sanofi Aventis, AstraZeneca, and Emergent Biosolution Inc. The global DTaP vaccine market is segmented by disease type, product type, end-user, and region, with North America leading the market, followed by Europe and the Asia Pacific.
Overall, the global DTaP vaccine market is expected to grow in the forecast period due to the increasing demand for vaccines and the government's efforts to promote immunization programs.
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