Malaria Vaccines Market, By Vaccines Type, Agent ,
Distribution Channel, and Geography Industry
Forecast till 2024
Nearly half of the global population is at risk of malaria as per stats released by the World
Health Organization (WHO). This in turn has led to increased inclination of various healthcare
agencies towards addressing this major malady. Global non-profit organizations such as the
Melinda Gates Foundation and PATH are working towards developing preventive measures and
saving lives of many in the malaria affected regions. Africa accounts for the largest number of
malaria cases and hence, this region is the primary target of launching the first malaria vaccine
developed by GlaxoSmithKline plc. Mosquirix received EU approval in 2015 and is presently
being examined in Africa as a pilot study.
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People in Africa use insecticide-treated mosquito nets and indoor-insecticide spraying for
prevention against malarial vectors. Use of insecticide-treated mosquito nets in Africa increased
by 80% during 2010-2015 (WHO). Moreover, a number of mosquito repellent products (patches,
creams, coils, mats, liquids, etc.) are marketed globally. Besides, non-profit organizations
provide cheap and often free treatment facilities to the malarial affected population in Africa.
Also, GSK has pledged to sell the vaccines at a much lower cost forgoing its huge profit
margins to support the global malaria eradication programs. Furthermore, with more malarial
vaccines under research pipeline, the malaria vaccines market is poised for significant growth in
near future.
The global malaria vaccines market is expected to be valued at US$ 8.5 million in 2018 and is
expected to witness a CAGR of 102.8% during the forecast period (2018 – 2024).
Increasing accessibility and government support to contribute towards the malaria vaccines
market growth
The WHO has established a Global Technical Strategy for Malaria 2016-2030 (GTS) in 2015 with
certain defined goals, one of them aimed at eliminating malaria in at least 10 countries.