South Korea Encephalitis Vaccine Market was valued at USD 0.1 Billion in 2022 and is projected to reach USD 0.15 Billion by 2030, growing at a CAGR of 5.9% from 2024 to 2030.
The South Korea Encephalitis Vaccine Market has seen significant growth in recent years due to an increasing demand from both the public and private sectors. This rise is primarily driven by heightened awareness about the risk of encephalitis, especially in rural areas, and the growing need for vaccines to prevent such deadly infections. Encephalitis, an inflammation of the brain, can be caused by various viruses, including the Japanese encephalitis virus, which is endemic in parts of East Asia, including South Korea. As a result, the government has implemented immunization programs, further contributing to the vaccine market’s expansion.
South Korea’s encephalitis vaccine market can be broadly classified into two types: the inactivated vaccine and the live attenuated vaccine. Inactivated vaccines are the most commonly used in South Korea, as they offer a high degree of safety and efficacy. These vaccines are often preferred in public health campaigns due to their minimal risk of side effects. On the other hand, live attenuated vaccines are used less frequently but provide long-lasting immunity with a single dose. The ongoing development of both vaccine types has significantly enhanced South Korea’s ability to combat encephalitis outbreaks.
Industries, particularly the healthcare sector, play a crucial role in driving the demand for encephalitis vaccines. Hospitals, clinics, and vaccination centers are at the forefront of administering vaccines, while pharmaceutical companies are constantly researching and developing more effective vaccines to cater to the growing population. Moreover, the increase in outdoor activities, especially in rural areas, has led to more exposure to encephalitis vectors, making the vaccine a priority for many. The government’s collaboration with private companies in vaccine production ensures a steady supply of these life-saving vaccines, fostering public health security.
Additionally, industries involved in tourism and agriculture are also contributing to the demand. South Korea’s agricultural workers and tourists traveling to regions with a high prevalence of encephalitis are also key target groups for vaccination programs. The broadening of the vaccination programs to these sectors has further boosted the South Korea Encephalitis Vaccine Market. With continued research, investment, and awareness campaigns, the market is expected to continue growing, ensuring widespread protection for all.
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Liaoning Chengda
Wuhan Institute of Biological
Valneva
Tiantan Biological Products
Sanofi Pasteur
Chengdu Institute of Biological Products
GlaxoSmithKline
Lanzhou Institute of Biological Products
Zhejiang Tianyuan Bio-Pharmaceutical
Biken
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Encephalitis Vaccine Market
Live Attenuated Vaccines
Inactivated Vaccines
Subunit Vaccines
Recombinant Vaccines
Pediatric Population
Adult Population
Geriatric Population
Intramuscular Injection
Subcutaneous Injection
Oral Administration
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Vaccination Clinics
DNA Vaccines
mRNA Vaccines
Viral Vector Vaccines
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Encephalitis Vaccine Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Encephalitis Vaccine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Encephalitis Vaccine Market, By Type
6. South Korea Encephalitis Vaccine Market, By Application
7. South Korea Encephalitis Vaccine Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Encephalitis Vaccine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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