Ebola vaccines provide protection against Ebola virus disease, commonly known as Ebola. These vaccines help boost the immune system and produce antibodies that can fight off the virus if exposed to it later. They are particularly important as Ebola outbreaks have become more common in recent years. The global Ebola Vaccine Market is estimated to be valued at US$ 6.72 billion in 2024 and is expected to exhibit a CAGR of 9.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving growth in the Ebola vaccine market is the increasing frequency of Ebola outbreaks in Africa over the past decade. Major outbreaks have occurred in the Democratic Republic of Congo between 2018-2020. As a result, international organizations like WHO have emphasized the importance of effective vaccination programs. Several countries in Africa at high risk of Ebola outbreaks have also expanded vaccination efforts and stockpiling of doses. The continued development of new and more effective Ebola vaccines by players is also expected to boost the market over the forecast period.
Segment Analysis
The global Ebola vaccine market is dominated by inactivated vaccines sub segment. Inactivated vaccines are preferred over live attenuated vaccines due to their inherent safety. In inactivated vaccines, the virus is "killed" using chemicals, heat or radiation which weakens the virus so it does not cause disease but triggers the body's immune system to produce antibodies against it.
Key Takeaways
The global Ebola Vaccine Market Growth is expected to witness high growth over the forecast period.
Regional analysis shows North America dominates the market currently due to presence of key manufacturers in the region and investment for research and development activities. The Asia Pacific region is expected to grow at the fastest pace due to rising research activities and growing pharmaceutical industry in countries like China and India.
Key players operating in the Ebola vaccine market are 10x Genomics, Akoya Bioscience Inc., Biognosys AG, BioSpyder Technologies, Bio-Techne, Bruker, Brooks Automation Inc., Danaher Corporation, Diagenode. 10x Genomics dominates the market owing to its robust portfolio of inactivated Ebola virus vaccines. Akoya Bioscience Inc. holds a significant share of the market due to its vaccine against Ebola virus approved by FDA. The rising research and development spending by government bodies to develop novel vaccines against Ebola virus variants is prompting new players to foray into the market.
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Global Ebola Vaccine Market The GMI Research expects the Ebola Vaccine Market to notice an augmentation in demand over the forecast period.
This is mainly due to the increased mortality rate, lack of efficient treatments, rising concentration on research activities to launch effective medicines, and favorable government norms.Request a FREE Sample of Ebola Vaccine Market.Introduction of the Ebola Vaccine Market Ebola Vaccine or Ebola hemorrhagic fever (EHF) are vaccines either accepted or in the development phase to reduce the chances of Ebola resulting from the Ebola virus.
Besides this, it leads to the hemorrhagic fever that causes internal or external bleeding.Ebola Vaccine MarketKey Players of Market:Mapp Biopharmaceutical Inc.Merck & Company, Inc.Novavax Inc.Sarepta Therapeutics Inc.Regeneron PharmaceuticalsGlaxoSmithKline plc.GeoVax Labs Inc., LtdEbola Vaccine Market DynamicsThe comprehensive research and development activities to introduce a streamlined and robust solution for Ebola disease is a factor proliferating the opportunities in the Ebola Vaccine Market.
For example, key players such as Serepata Therapeutics, NewLink Genetics Tekmira Pharmaceuticals, and Mapp Biopharmaceutical are stressing research activities to establish Ebola Vaccine.
On the other hand, insufficient reconciliation policies in emerging countries and inadequate consciousness will restrain the Ebola virus Vaccine market size.Virus strain Segment DriversIn accordance with the Virus strain, Chimpanzee adenovirus type 3-Zaire Ebola virus is projected to witness faster growth over the forecast period.
Moreover, according to the Ebola market research reports, aggravating R activities for anti-Ebola products are likely to propel market growth.Regional DriversOn the basis of regional coverage, North America is contemplated to dominate the market during the coming years.
