Malaria Vaccines Market -Global Market Share, Trends, Analysis and Forecasts, 2020 -2030

in malaria •  4 years ago 

As per statistics provided by the World Health Organization (WHO), about half of the world population is at risk of malaria. This has resulted in an increased preference of various healthcare agencies towards addressing this major problem. The other non-profit organizations such as the Melinda Gates Foundation and PATH are working towards the development of preventive measures as well as saving various lives in the malaria hit regions. The largest number of malaria cases are registered in Africa and therefore, this region is the major target of launching the novel malaria vaccine developed by GlaxoSmithKline plc. The European approval was granted to Mosquirix in 2015 and is currently being examined in Africa as a pilot study. The African people utilize insecticide-treated mosquito nets as well as indoor-insecticide spraying for protection against malarial vectors. In Africa, the usage of insecticide-treated mosquito nets increased by 80% during the period of 2010-2015.

Also, large number of mosquito repellent products such as coils, patches, mats, creams, liquids and others are marketed across the globe. The non-profit organizations are also engaged in providing cheap and free treatment facilities to the people suffering from malaria in Africa. Also, GSK has thought of selling the vaccines at lower cost forgoing its huge profit margins in order to support the worldwide malaria eradication programs. Further, owing to the presence of more malarial vaccines under research pipeline, the malaria vaccines market is expected to grow in future. Factors promoting the growth of malaria vaccines market include high demand for vaccines for important diseases owing to rising focus on biological preparations. Also, various governments across several countries as well as companies, and non-profit organizations are contributing towards preventing the spread of this disease. The governments across various regions are majorly involved in programs targeted at curbing malaria.

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