Report Overview

The global Human Papillomavirus Vaccine market size stood at around USD 3.8 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

The need for reducing HPV infections will bode well for the market and create demand for HPV vaccines. According to the HPV Information Center, annual cases in 2018 for cervical cancer were the highest in emerging countries such as China and India, leading to the demand for vaccination camps offering doses. The governments from all the countries worldwide are keenly focused on implementing policies to help eradicate the burden of the disease. Moreover, owing to the imposition of stringent regulations, the vaccination supply has increased and is expected to rise at a faster rate during the forecast period. This increase in supply is will boost the global market



Market Drivers

Efficacy of HPV Vaccines to Accelerate the Sales: One of the most crucial and significant drivers of the market is the efficacy and protection provided by HPV vaccines to reduce the adverse effects associated with such infections. As manufacturers have developed novel vaccines of immunization, over the past years, a change in vaccination policies and beliefs have been observed worldwide. This has potentially increased the uptake and acceptability of HPV vaccines. Both bivalent and polyvalent vaccines have proved their efficacy and safety through clinical trials in protecting against HPV infections and cancer

Increasing Efforts to Meet Unmet Needs to Drive Production of HPV Vaccines: Another factor driving the market is the increase in the manufacturing capability of HPV vaccines to maintain supply-demand balance worldwide. Currently, the supply of this vaccines is insufficient to meet the existing demand. This scenario is likely to persist for a short term due to the increase in the number of countries planning to introduce HPV vaccines. For instance, in December 2018, the Ministry of Health of Ethiopia introduced the HPV vaccine through school-based approach for girls under the age group of 14 years to immunize against cervical cancer