Global Mumps Vaccine
Market Report
2024
The Global Mumps Vaccine market size was USD 2.15 Billion in 2022 and it is forecasted to reach USD 3.46 by 2030. Mumps Vaccine Industry's Compound Annual Growth Rate will be 6.12 % from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Mumps Vaccine market size was USD 2.15 Billion in 2022 and it is forecasted to reach USD 3.46 Billion by 2030. Mumps Vaccine Industry's Compound Annual Growth Rate will be 6.12 % from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Mumps Vaccine Market Sales Revenue 2022 | $ 2.15 Billion |
Global Mumps Vaccine Market Sales Revenue 2030 | $ 3.46 Billion |
Global Mumps Vaccine Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.12% |
Market Split by Age Type |
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Market Split by Distribution channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Mumps Vaccine Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Mumps viruses are infectious. A fever, headache, muscle aches, feeling worn out and loss of appetite are frequently the first symptoms. The majority of patients then have salivary gland oedema. The sensitive, swelling jaw and puffed-up cheeks are the result of it. The Mumps is often a benign condition. However, it can result in severe, long-lasting issues, such as encephalitis, orchitis in males, oophoritis and mastitis in females. The mumps vaccines are also called MMR vaccines, which protect against measles, mumps, and rubella. Children typically receive the first dose between the ages of 9 and 15 months, followed by the second dose between the ages of 15 and 6 years, with a Minimum of four weeks in between each dose. Increasing research for combination vaccines and increasing infection are prime drivers of the market.
Due to a sizable population of health-conscious consumers, the pharmaceutical sector is growing and developing, which offers a chance for the mumps vaccine market to expand. Due to the availability of improving healthcare infrastructure, increasing unmet healthcare needs, growing prevalence of infectious diseases like the mumps diseases and surge in demand for mumps vaccines, the emerging market. In addition, the growth of the mumps vaccine market is being driven by an increase in demand for better healthcare services.
Government initiatives to develop vaccines are increasing and funding for research and development is expanding as well, that is supporting market expansion. The MMR virus outbreak globally increased growth placing tremendous burden on the health department. The government launched a vaccine drive, among other initiatives, to combat this infectious disease. Government attempts to raise knowledge of the MMR vaccines and immune population through vaccination campaigns. For instance, the measles and rubella campaign was run by the Indian government that helps in establishment of population immunity in this by ensuring at least 95% coverage.
The market for measles, mumps and rubella vaccines may be constrained in its expansion by adverse reaction to immunisations. For instance, the trivalent combination measles, mumps and rubella vaccination was discounted in Japan in 1989 due to an outbreak of non-viral meningitis and other harmful side effects that would have limited the market for MMR vaccines.
Another factor limiting market expansion is the expensive cost of a single dose of the vaccines. Measles, mumps and rubella vaccines cost are high due to special storage and handling requirements, a small number of vaccines available, strict manufacturing and approval standard, demand and supply gaps during disease outbreaks and other factors.
The market is expected to grow due to an increase in significant investment by pharmaceutical companies in R&D efforts. However, growing investment from government and non-government organizations in vaccines boost the growth of the market. Therefore the increasing investment by pharmaceutical companies in developing and underdeveloped countries boost the market growth.
The covid-19 have a negative impact on the mumps vaccine market. Immunisation is one of the most effective public health measures for the prevention of disease, which has decreased in recent years, according to the World Health Organisation (WHO). Global vaccination rates have decreased as a result of the COVID-19 pandemic and related illnesses, and 25 million children will not have had their vaccinations in 2021. Additionally, COVID-19 has endangered campaigns to raise awareness of viral illnesses including the mumps, measles, and rubella as a result of the healthcare industry focusing its resources and attention on COVID-19. The increase in COVID-19 financing also decreased government immunisation campaigns and funding, which further decreased the number of patients choosing to receive the mumps vaccine.
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June 2022, GSK announces US FDA approval of Priorix for the prevention of measles, mumps and rubella in individuals 12 months of age and older
August 2021, MMR vaccines for children help to protect front line from covid-19
In order to determine whether the MMR vaccine for children could protect front-line medical personnel from the Covid-19 virus or minimise the severity of the illness for those who get it, researchers from South Africa initiated a clinical experiment. The trials were launched by researchers from the Universities of the Witwatersrand (UW) and Cape Town (UCT) in South Africa.
Top Companies Market Share in Mumps Vaccine Industry: (In no particular order of Rank)
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North America dominates the market. The incidence of mumps in North America has increased in the last few years. For example , the world health organization estimates that in 2020 there will be 3522 and 3780 mumps cases in Mexico and the United states, respectively. The incidence of mumps is increasing in the region, which increases the demand for mumps. It has cancer vaccines and supports the global economy. The measles vaccines market is also driven by new launches and product recommendations from key market players in the segment.
The current report Scope analyzes Mumps Vaccine Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Mumps Vaccine Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Mumps Vaccine Industry growth. Mumps Vaccine market has been segmented with the help of its Age Type, Distribution channel , and others. Mumps Vaccine market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Due to the increasing number of patients with infectious diseases like measles and mumps and the rise in research activities pertaining to paediatric vaccines, the paediatric segment held the largest proportion of the mumps vaccines market share and anticipated to continue to do so throughout the forecast period.
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The hospital and clinics dominate the market. The hospital and medical centre segment should maintain its economic performance over the forecast period. Having qualified medical staff in hospitals and paediatric centres helps to better serve patients; This is a major driver for global business expansion and a major driver for the growth of hospitals and medical centres.
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Senior Research Associate at Cognitive Market Research
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over three years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies.
In her current role, Manjiri handles the market research related to Pharma and healthcare industry. Her passion lies in utilizing innovative approaches to distill complex information into strategic insights that empower organizations to make informed decisions.Manjiri remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Mumps Vaccine Market is witnessing significant growth in the near future.
In 2023, the Adult segment accounted for noticeable share of global Mumps Vaccine Market and is projected to experience significant growth in the near future.
The Hospital & Clinic segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Sanofi SA , AstraZeneca and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
This increase in incidence has raised concerns about the spread of mumps and the need for effective preventive measures. The highly contagious nature of the disease necessitates vaccination to prevent outbreaks and protect the pediatric population.
Disclaimer:
Age Type | Adult, Paediatric |
Distribution channel | Hospital & Clinic, Vaccination Centres |
List of Competitors | Sanofi SA, Pfizer, AstraZeneca, Johnson & Johnson, GlaxoSmithKline, Novartis, CSL limited, VBI Vaccines, Bharat Biotech |
This chapter will help you gain GLOBAL Market Analysis of Mumps Vaccine. Further deep in this chapter, you will be able to review Global Mumps Vaccine Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Mumps Vaccine Market Trends North America Mumps Vaccine Technological Road Map North America Mumps Vaccine Market Drivers North America Mumps Vaccine Market Restraints North America Mumps Vaccine Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Age Type Analysis 2019 -2031, will provide market size split by Age Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Age Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Distribution channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Mumps Vaccine market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Adult have a significant impact on Mumps Vaccine market? |
What are the key factors affecting the Adult and Paediatric of Mumps Vaccine Market? |
What is the CAGR/Growth Rate of Hospital & Clinic during the forecast period? |
By type, which segment accounted for largest share of the global Mumps Vaccine Market? |
Which region is expected to dominate the global Mumps Vaccine Market within the forecast period? |
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