According to FutureWise analysis the market for Attenuated Vaccines in 2023 is US$ 4.76 billion, and is expected to reach US$ 8.2 billion by 2031 at a CAGR of 7.00%.
Attenuated vaccines are created by weakening bacterial or viral strains through the use of stable mutations. The microorganism is not killed by this technology. It eliminates the microorganism's ability to cause disease. The immune system of a vaccinated person is activated by attenuated vaccines. Tuberculosis, yellow fever, retroviral, measles, polio, and other diseases are all prevented with attenuated vaccines. Government initiatives in various countries have significantly reduced the number of polio cases worldwide.
According to the World Health Organization, polio cases have decreased by more than 99 percent since 1988. (WHO). Only 37 cases were reported in 2016, compared to 350,000 in 1988. Over 16 million people have been spared paralysis as a result of polio. Failure to completely eradicate polio will almost certainly result in more than 200,000 new cases within the next ten years.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Attenuated Vaccines Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Attenuated Vaccines Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.