Market Trends of Human Papillomavirus Vaccine Industry
Cervical Cancer Segment is Expected to Hold the Significant Market Share Over the Forecast Period
The cervical cancer segment is expected to witness healthy growth in the market during the forecast period. Nearly all instances of cervical cancer are caused by human papillomavirus (HPV). The segment is expected to grow during the forecast period due to the growing burden of cervical cancer, supported by government initiatives for early screening, vaccination, and vaccine approval.
According to the American Cancer Society (ACS) 2023 report, an estimated 13,960 new cases of cervical cancer are predicted to be diagnosed in the United States in 2023. Moreover, as per Japan Human Papillomavirus, Fact Sheet 2023, every year, 12,785 women are diagnosed with cervical cancer, with an incidence of HPV-related cervical cancer of 19.8 in 2023. Therefore, the high burden of cervical cancer will boost the demand for developing innovative vaccines, propelling market growth.
Furthermore, the rising screening and awareness initiatives increase the diagnoses, further expected to boost the market growth. For instance, in February 2022, the Department of Health and Social Care (DHSC), with the support of the National Health Service (NHS), launched a new national cervical screening campaign to boost the number of eligible candidates to attend their cervical screening in England. The increased screening is projected to boost the demand for the HPV vaccine to provide protection against the high-risk HPV types associated with cervical cancer, thereby propelling the segment's growth.
The rising research and development to launch innovative vaccines is projected to boost the market growth. For instance, in September 2022, the Government of India launched the Quadrivalent Human Papillomavirus vaccine (qHPV) against cervical cancer in India, which was developed by the Serum Institute of India (SII) and the Department of Biotechnology (DBT). As per the SII, the vaccine would cost around USD 2.5 - USD 5 (INR 200-400) per dose, which is significantly lower compared to other parts of the world.
Thus, owing to the increasing cases of cervical cancer, rising cervical cancer screening, and growing vaccine launches, the segment is expected to witness high growth over the forecast period.
North America is Expected to Hold Significant Market Share Over the Forecast Period
North America is expected to hold a significant market share of the HPV vaccine market owing to better healthcare infrastructure and the high burden of Cervical Cancer and other HPV-related cancers. In addition, the increased presence of market players and strategic initiatives also drive the market growth during the forecast period.
According to the American Cancer Society 2022 report, 9,440 new anal cancer were diagnosed in the United States in 2022. Moreover, per the Canadian Cancer Society, 1,450 Canadian women were diagnosed with cervical cancer in 2022. Therefore, the high burden of such cancers is expected to boost the growth of the studied market in the region during the forecast period.
In addition, according to an article published in February 2023 in the Human Vaccine and Immunotherapeutic Journal, HPV vaccination in the United States can start at age nine and last until age 26. Also, approximately 77% of 13 to 17-year-old teenagers have received one or more doses of the HPV vaccine, and nearly 62% have finished the entire series. The high coverage for the HPV vaccine and early screening initiatives in the region boost the demand for HPV vaccines during the forecast period.
Furthermore, the strategic initiatives by market players, such as launches and approvals, partnerships, and collaborations, also accelerate the market growth. For instance, in April 2022, Merck Canada received Health Canada's approval for an expanded indication of GARDASIL 9 ((Human Papillomavirus 9-valent Vaccine, Recombinant) in individuals 9 through 45 years of age to prevent infection caused by the Human Papillomavirus (HPV) types 6, 11, 16, 18, 31, 33, 45, 52, and 58.
Therefore, factors such as the growing cancer burden and vaccine launches and approvals are expected to boost the market growth in North America during the forecast period.
