Authored By: Sarah
11 Feb 2025

Travel Vaccines Market 2024-2028, Poised for Strong Growth Amid Rising Global Travel

The Global Travel Vaccines Market is set for significant expansion, with its size projected to increase by USD 3.97 billion between 2024 and 2028, registering a CAGR of 8.64%. The growing trend of international travel, medical tourism, and increased awareness of vaccine-preventable diseases are fueling market growth. However, challenges such as the lack of insurance coverage for travel vaccines may pose constraints.

Global Travel Vaccines Market 2024-2028

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Market Segmentation

The market research report provides insights into key market segments based on disease type, end-user, and geography.

By Disease Type

  • Influenza
  • Diphtheria
  • Hepatitis
  • Typhoid and Others

The influenza segment is expected to witness substantial growth due to rising infection rates. According to the Centers for Disease Control and Prevention (CDC), influenza virus infections in the US led to:

  • 8.1 - 13.9 million illnesses
  • 3.7 - 6.1 million doctor visits
  • 81,000 - 171,000 hospitalizations
  • 5,000 - 14,000 deaths (from October 2021 to June 2022)

By End-User

  • Adult Vaccines
  • Pediatric Vaccines

By Geography

  • North America
    • US
  • Europe
    • Germany
    • UK
  • Asia
    • China
    • Japan
  • Rest of the World (ROW)

Market Drivers

Increase in Global Migration

The growing frequency of international travel and immigration has accelerated the spread of various infectious diseases. Examples include:

  • H5N1 avian flu, initially detected in China, which later affected humans
  • Tuberculosis, a major health concern in developing countries, but also detected in Europe due to migration

Governments and travel clinics have intensified vaccination awareness initiatives, further propelling market demand.

Market Trends

Changes in the Demographic Profile of Travelers

  • Migrants to countries like the US, Canada, Germany, Australia, and Singapore may have lower vaccination rates, increasing susceptibility to diseases.
  • Younger travelers (under 30) are more likely to receive travel vaccinations based on medical advice.

Market Challenges

Lack of Coverage for Travel Vaccines in Health Plans

  • Travel vaccines are often not covered by insurance, forcing individuals to pay high out-of-pocket costs.
  • A US travel clinic consultation may cost USD 100, with vaccine administration fees ranging from USD 50 to USD 1,000 or more.
  • Vaccines for rabies, typhoid, measles, and mumps can be expensive, making affordability a key challenge.

Get more details by ordering the complete report

Key Players in the Travel Vaccines Market

Major companies in the industry include:

  • Abbott Laboratories
  • Altimmune Inc.
  • AstraZeneca Plc
  • Bavarian Nordic AS
  • Bharat Biotech Ltd.
  • CSL Ltd.
  • Dynavax Technologies Corp.
  • Emergent BioSolutions Inc.
  • GlaxoSmithKline Plc
  • KM Biologics Co. Ltd.
  • LG Chem Ltd.
  • Merck & Co. Inc.
  • Novartis AG
  • Pfizer Inc.
  • Sanofi SA
  • Serum Institute of India Pvt. Ltd.
  • Shenzhen Kangtai Biological Products Co. Ltd.
  • SK Chemicals Co. Ltd.
  • Takeda Pharmaceutical Co. Ltd.
  • Valneva SE

 

 

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