Monkeypox Vaccine and Treatment Market Share Set to Reach USD 215.7 Billion by 2034: Prophecy Market Insights – GlobeNewswire

Covina, Aug. 28, 2024 (GLOBE NEWSWIRE) -- According to Prophecy Market Insights, the global monkeypox vaccine and treatment market size and share value is projected to grow from USD 85.4 Billion in 2024 and is forecasted to reach USD 215.7 Billion by 2034, exhibiting a compound annual growth rate (CAGR) of 10.7% during the forecast period (2024 - 2034).

Monkeypox Vaccine and Treatment Market Report Overview

Monkeypox is a rare but potentially serious viral illness caused by the monkeypox virus, which is related to the variola virus that causes smallpox. Historically found in Central and West Africa, monkeypox has garnered global attention due to recent outbreaks in various countries.

In order to manage and contain outbreaks, the creation and application of vaccines and therapies for monkeypox have become indispensable. Due of their efficiency in cross-protection, many vaccinations, including modified smallpox vaccines, have been developed and authorized for use against monkeypox.

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Competitive Landscape:

The Monkeypox Vaccine and Treatment Market is characterized by rapid growth, technological innovation, and fierce competition. Companies are expanding their global presence, focusing on sustainability, and diversifying their service offerings to stay competitive.

Some of the Key Market Players:

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Analyst View:

In addition to investigating innovative vaccine platforms and delivery techniques, researchers are concentrating on enhancing the safety and efficacy characteristics of currently available vaccinations. One aspect of this is the creation of vaccines that offer a more comprehensive defense against different orthopoxviruses such as smallpox and monkeypox.

Market Dynamics:

Drivers:

Security and Safety for Global Health

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Market Trends:

Increased Public Awareness and Education

Segmentation:

Monkeypox Vaccine and Treatment Market is segmented based on Product Type, Gender Type, Route of Administration, Distribution Channel, and Region.

Product Type Insights

Gender Type Insights

Route of Administration Insights

Distribution Channel Insights

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Recent Development:

Regional Insights

Browse Detail Report on "Monkeypox Vaccine and Treatment Market Size, Share, By Product Type (Vaccine (JYNNEOS/ Imvanex, Smallpox Vaccine, Others), Drugs (Tecovirimat, Brincidofovir, Cidofovir, Others), and Vaccinia Immune Globulin), By Gender Type (Male, Female, Others), By Route of Administration (Oral, Injectable), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies and Others (Government agencies)), and By Region - Trends, Analysis, and Forecast till 2034" with complete TOC @ https://www.prophecymarketinsights.com/market_insight/monkeypox-vaccine-and-treatment-market-5590

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Monkeypox Vaccine and Treatment Market Share Set to Reach USD 215.7 Billion by 2034: Prophecy Market Insights - GlobeNewswire