VALLEY COTTAGE, New York, March 30, 2017 /PRNewswire/ --
Burdening occurrence of dengue fever across the Asia-Pacificregion has prompted the demand for effective vaccines and medications to supress this viral malaise. While several pharmaceutical companies are striving to develop a cure for dengue, the fever's incidence rate in Asia-Pacific
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Future Market Insights also observes Latin America as the second-largest market for dengue vaccines, and is expected to rake in US$ 288.7 Mn towards the end of 2027. The report, titled "Dengue Vaccines Market: Global Industry Analysis and Opportunity Assessment, 2017-2027," expects that more and more pharmaceutical giants from across the globe will be partaking in the market's growth in the years to come. Currently, the market is witnessing active participation of French drugmaker, Sanofi S.A., while vaccines being formulated by companies such as Biological E. Limited, Takeda Pharmaceutical Company Limited, GlaxoSmithKline plc, Merck & Co. Inc., Vabiotech, Butantan Institute, and Panacea Biotech Ltd. are under multiple phases of development.
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The report further reveals that government institutes will remain the largest end-users of dengue vaccines in the world. Through 2027, a little less than US$ 650 Mn worth of revenues is expected to arise from sales of dengue vaccines across government institutes. Meanwhile, hospitals will also dominate the market by registering a 17.3% revenue CAGR. The market, at present, will witness sales of the sole of vaccine, Dengvaxia, developed by Sanofi. Furthermore, factors shaping up the dynamics of global dengue vaccines market, also compiled in the report, are:
Preview Analysis on Global Dengue Vaccine Market Segmentation By Product - CYD-TDV (Dengvaxia); By End User - Hospitals, Government Institutes and Non-Governmental Organizations (Ngos): http://www.futuremarketinsights.com/reports/dengue-vaccines-market
On the long run, the global market for dengue vaccines, which is presently valued at close to US$ 250 Mn, will soar vigorously to rake in US$ 1,250.6 Mn revenues by the end of 2027.
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