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Malaria Vaccines Market

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Malaria Vaccines Market to Surge past US$ 591.8 Million by 2024
malaria vaccines market By Vaccines Type, Agent Distribution Channel
and Geography - Insights, Opportunity
Analysis, and Industry Forecast till 2024
© Coherent market Insights. All Rights Reserved
The malaria vaccines market is pegged to be valued at US$ 8.5 million in 2018 and is projected to expand at a CAGR
of 102.8% during the forecast period (2018-2024), as highlighted in a new report published by Coherent Market
Insights.Rise in demand for vaccines for important indications on the backdrop of increasing focus on biological
preparations is expected to be a major factor driving growth of the global malaria vaccines market over the foreseeable
future.
According to World Health Organization (WHO) malaria fact sheet and World Bank estimates, over 40% of the global
population is at risk of malaria. World Health Organization (WHO), there were around 214 million malaria cases
reported in 2015, leading to 438,000 deaths worldwide. Over 70% of these deaths were among children under 5 years
of age. Sub-Saharan Africa accounts for the highest share of global malaria burden, with around 89% of malaria cases
and 91% of malarial deaths in 2015. Such high impact of this life-threatening disease is influencing governments
across various countries, companies, investors, and non-profit organizations to contribute towards curbing spreading
of this disease. Since the problem of malaria is burdening many of the emerging and under developed regions such as
in Africa and Asia Pacific, various initiatives have been implemented in these regions to drive down high costs of the
vaccine in development. For instance, in 2016, GSK announced plans to develop vaccines at a mere profit margin of
5% of the cost of the vaccine. Governments across most regions are actively involved in programs aimed at
eliminating malaria. For instance, WHO had mobilized funding for pilot program in first phase between 2017 and 2020
by the global fund to fight against malaria and other disease such as AIDS and tuberculosis prevalent worldwide.
© Coherent market Insights. All Rights Reserved
Key takeaways of the malaria vaccines market:
The global malaria vaccines market is expected to expand at a CAGR of 102.8% during the forecast
period (2016–2024) as there exists a large unrealized market especially in Africa, Asia Pacific, Latin
America and Middle EastThe Pre-Erythrocytic Vaccine dominates the market in the vaccines type
segment, as it is used to prevent the infection completely, while blood-stage vaccines aim to reduce or
eliminate the parasite load once a person is infected
Plasmodium Falciparum is the major agent segment of malaria vaccines market, as Plasmodium
falciparum infection are induced by the asexual stages of the parasite that develop inside red blood
cells, making it one of most severe forms of malaria among various types of parasites causing malaria
Some of the major players involved in global malaria vaccines market are GlaxoSmithKline plc, Sanaria
Inc, Nobelpharma Co., Ltd., Sumaya Biotech and GenVec, Inc.
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Shift from pharmaceutical oral dosage forms to parenteral dosage forms is expected boost the malaria
vaccines market globally. The emerging economies are undergoing a wave of various healthcare
reforms. Healthcare treatment regimens are becoming more reliable for the growth of the global
market, with various initiatives in place to eradicate the menace of malaria. In 2016, in India, the
National Framework for Malaria Elimination (NFME), was launched to eliminate the problem in the
country. This program was based on the Framework by the National Vector Borne Disease Control
Program (NVBDCP) of the Ministry of Health and Family Welfare. According to NFME, in 2012, the
total economic burden of malaria in India was around US$ 1,940 Mn, with 75% from lost earnings and
25% from treatment costs borne by households.
According to World Malaria Report 2015, India accounts for around 70% of the total malaria incidence
rate in the South-East Asia. In 2014, the incidence rate of malaria in the country was around 0.89 per
1,000 person at risk per year. Around 1.1 Mn cases were reported, which lead to 562 deaths in India in
2014.
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pranali
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