UK Travel Vaccines Market to Grow at a CAGR of 10.1% to reach US$ 524.88 Million from 2021 to 2028

UK Travel Vaccine Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Product (Hepatitis A, Hepatitis B, Meningococcal Vaccines, and Others) and Application (Domestic Travel, and Outbound Travel)

  • Report Code : TIPRE00029520
  • Category : Life Sciences
  • Status : Published
  • No. of Pages : 122
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UK Travel Vaccines Market to Grow at a CAGR of 10.1% to reach US$ 524.88 Million from 2021 to 2028

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The UK travel vaccine market is expected to grow from US$ 267.56 million in 2021 to US$ 524.88 million by 2028; it is estimated to grow at a CAGR of 10.1% from 2021 to 2028.

Travel vaccines, also called travel immunizations, are shots travelers get before visiting certain areas of the world that help protect them from developing serious illnesses. Vaccinations work by exposing the body to a weakened/dead germ or part of a germ of the disease. These vaccines are recommended to protect against diseases endemic to the country of origin or destination. It is intended to protect travelers and prevent disease spread within or between countries. In many cases, countries require proof of vaccination for travelers wishing to enter or exit the country.

The UK travel vaccine market is segmented based on product and application. Based on product, the market is segmented into hepatitis A, hepatitis B, meningococcal vaccines, and others. In terms of application, the market is bifurcated into domestic travel and outbound travel. This report offers insights and in-depth analysis of the market, emphasizing parameters, such as market trends and dynamics, along with the competitive analysis of the leading market players in the UK.        

Market Insights

Growing Incidence of Infectious Diseases and Increasing Travel and Tourism Drive UK Travel Vaccine Market

Hepatitis, HIV/AIDS, human papillomavirus (HPV), meningococcal disease, typhoid, and yellow fever are among the various chronic diseases that are detected worldwide. According to the World Health Organization (WHO), ~500 million people are likely to get infected by hepatitis B or C in 2021. Infectious diseases still heavily burden society and health. Infectious diseases continue to have a continuous impact due to the growing movement of people and commerce. While infectious diseases have a larger impact on mortality in underdeveloped countries, they have high financial, social, and health and well-being costs in England. About a third of general practitioner (GP) visits for adults and half of GP visits for children in the UK are for infectious disorders. With 7% of deaths and USD 40.73 billion (GBP 30 billion) in yearly expenses, infectious diseases represent a substantial strain on the UK's health system and economy.

Moreover, hospital admissions for other infectious diseases have significantly increased during the past 20 years, followed by those for other bacterial infections. In 2020, 106,890 people were living with HIV in the UK, including 97,740 in England, according to the UK government report. An estimated 5,150 (4.8%) of the total number of cases in the UK were undiagnosed and ignorant of their infection. The travel vaccines include routine vaccines for review before traveling, vaccines for certain destinations, and vaccines demanded by the country.

A few examples of developments that have promoted the growth of the UK travel vaccine market are listed below:

  • In December 2021, Emergent BioSolutions Inc. announced the first participant dosed in its phase 1 study, EBS-UFV-001, evaluating the safety, tolerability, and immunogenicity of the company’s investigational universal influenza vaccine candidate. The current version of the influenza vaccine candidate contains multiple components intended to induce broad and supra-seasonal immunity against influenza A viruses.
  • In June 2021, the first doses of Seqirus’s enhanced influenza vaccine, destined for the UK, came off a new high-speed fill-and-finish line in Liverpool. Seqirus Liverpool produces over 50 million doses of seasonal influenza vaccine each year, with the ability to increase production to 200 million doses in the event of an influenza pandemic.
  • In March 2021, Sanofi invested more than USD 704.26 million (EUR 600 million) in a new vaccine manufacturing facility at its existing site in Toronto, Canada. The investment in a new facility provided additional antigen and filling capacity for Sanofi’s Fluzone High-Dose Quadrivalent influenza vaccine, helping to increase supply availability in Canada, the US, and Europe.
  • In January 2021, Dynavax Technologies Corporation—a biopharmaceutical company focused on developing and commercializing vaccines—announced the final immunogenicity and interim safety results of the ongoing clinical trial evaluating HEPLISAV-B [Hepatitis B Vaccine (Recombinant), Adjuvanted] in patients undergoing hemodialysis.
  • In June 2020, Sanofi made significant investments in France to increase its vaccine research and production capacities and contribute to responding to future pandemic risks. Aligned with its corporate strategy presented in December, Sanofi invested EUR 610 million to create a new production site and research center in France, both dedicated to vaccines.
  • In April 2020, Sanofi received approval from the US Food and Drug Administration (FDA) for a Biologics License Application for MenQuadfi Meningococcal (Groups A, C, Y, W) Conjugate Vaccine for the prevention of invasive meningococcal disease.
  • In February 2020, Abbott introduced a new inactivated quadrivalent vaccine for influenza in India. The new vaccine is the first of its kind subunit vaccine delivering protection against four virus strains in India. It is the only 0.5 ml quadrivalent flu vaccine in India that has been approved for usage in children below 3 years.

Product Insights

Based on application, the UK travel vaccine market is segmented into domestic travel and outbound travel. The outbound travel segment is expected to hold the largest share of the market in 2021. Outbound travel is the act of traveling outside of the home country for leisure, business, or other purposes. Many people travel internationally for business purposes. The number of visits abroad from the UK dropped sharply in 2020 over the previous year due to the COVID-19 pandemic, then fell further in 2021. That year, holidays accounted for the best outbound visits, with roughly 8.9 million trips made for this purpose. However, the number of vacations abroad only accounted for 15% of the holiday trips made in 2019. Overall, the number of visits abroad from the UK was approximately 19 million in 2021. Spending on trips abroad by residents of the UK increased by 12% in 2021 over the previous year, after dropping sharply in 2020 due to the pandemic. Overall, the outbound tourism expenditure within the UK amounted to roughly US$ 20.7 billion in 2021, rising from US$ 18.73 billion in 2020 but remaining way below pre-pandemic levels. While the outbound expenditure slightly recovered in 2021, the number of visits abroad from the UK declined further compared to the first year of the crisis. In 2022, in a Travel Leaders Group survey, 24% of Americans stated they planned to travel to Europe. Additionally, it is expected that the tourist arrivals are expected to increase steadily in regions such as Asia and Europe.

Traveling outside the country requires immunization as a safety and precautionary measure to avoid the spread of infections from one to another. The WHO recommends some routine vaccinations for all travelers and specific vaccinations for travelers to regions with a high risk of specific diseases.

UK Travel Vaccine Market, by Application – 2021 and 2028

UK Travel Vaccine Market, by Application – 2021 and 2028

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Product Insights

Based on product, the UK travel vaccine market is categorized into hepatitis A, hepatitis B, meningococcal vaccines, and others. Meningococcal disease is a severe infection caused by Neisseria meningitides and includes meningitis and sepsis. Meningococci reside in the throat and nose of some people (known as carriers) without causing symptoms. However, infection is more common in those who have never been exposed to meningococci before rather than in carriers. Most people with a meningococcal infection feel very ill and show symptoms like fever, headache, red rash, stiff neck, nausea, vomiting, and sensitivity to light. Infection is transferred through direct contact with an infected person's nasal and throat secretions and by carriers. Asymptomatic carriage is transient and typically affects about 5–10% of the population at any given time.

The Advisory Committee on Immunization Practices (ACIP) recommends routine administration of a quadrivalent meningococcal conjugate vaccine (MenACWY) for all people aged 11–18. A booster dose should be given to international travelers at risk for meningococcal illness who have previously received a quadrivalent vaccine. Furthermore, the risk of meningococcal infections and outbreaks can be reduced if appropriate awareness and measures are implemented before travel. Identifying travelers at increased risk of meningococcal disease and vaccinating them is an effective strategy to prevent disease among travelers or their families, especially with the availability of novel conjugate vaccines.

Travel Vaccine – Market Segmentation

The UK travel vaccine market is segmented based on product and application. Based on product, the market is segmented into hepatitis A, hepatitis B, meningococcal vaccines, and others. In terms of application, the market is bifurcated into domestic travel and outbound travel.   

Company Profiles

  • GlaxoSmithKline plc.          
  • Merck & Co., Inc.    
  • Sanofi         
  • Novartis AG            
  • Pfizer Inc.    
  • Dynavax Technologies        
  • Emergent BioSolutions Inc.           
  • Abbott         
  • Valneva SE            
  • SEQIRUS
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

UK

Frequently Asked Questions


What are travel vaccines?

Travel vaccines, also called travel immunizations, are shots travelers get before visiting certain areas of the world that help protect them from developing serious illnesses. Vaccinations work by exposing the body to a weakened/dead germ or part of a germ of the disease. These vaccines are recommended to provide protection against diseases endemic to the country of origin or of the destination. It is intended to protect travelers and to prevent disease spread within or between countries. In many cases, countries require proof of vaccination for travelers wishing to enter or exit the country.

What are the driving factors for the travel vaccines market in UK?

The growth of the market is attributed to increasing travel & tourism and growing incidences of infectious diseases. However, higher cost of travel vaccine is hampering the growth.

Who are the major players in the UK travel vaccines market?

The diagnostic labs market majorly consists of the players such as GlaxoSmithKline plc.; Merck & Co., Inc.; Sanofi; Novartis AG; Pfizer Inc.; Dynavax Technologies; Emergent BioSolutions Inc.; Abbott; Seqirus; and Valneva SE among others.

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Travel Vaccines Market – By Product

1.3.2 Travel Vaccines Market – By Application

2. Travel Vaccines Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Travel Vaccines Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 UK – PEST Analysis

4.3 Expert Opinion

5. UK Travel Vaccine Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Travel and Tourism

5.1.2 Growing Incidences of Infectious Diseases

5.2 Market Restraints

5.2.1 High Cost of Travel Vaccines

5.3 Market Opportunities

5.3.1 Awareness Regarding Vaccines

5.4 Future Trends

5.4.1 Never-ending Demand for Vaccines

5.5 Impact Analysis

6. Travel Vaccines Market – UK Analysis

6.1 UK Travel Vaccines Marker Revenue Forecast and Analysis

6.2 UK Travel Vaccines Market - Forecast and Analysis

6.3 Market Positioning of Key Players

6.4 Comparative Company Analysis

6.5 Growth Strategy Analysis

6.6 Performance of Key Players

6.6.1 GlaxoSmithKline

6.6.2 Sanofi

7. UK Travel Vaccine Market Revenue and Forecasts To 2028 – Product

7.1 Overview

7.2 Travel Vaccines Market Revenue Share, by Product (2021 and 2028)

7.3 Hepatitis A

7.3.1 Overview

7.3.2 Hepatitis A: Travel Vaccines Market– Revenue and Forecast to 2028 (US$ Million)

7.4 Hepatitis B

7.4.1 Overview

7.4.2 Hepatitis B: Travel Vaccines Market– Revenue and Forecast to 2028 (US$ Million)

7.5 Meningococcal Vaccines

7.5.1 Overview

7.5.2 Meningococcal Vaccines: Travel Vaccines Market– Revenue and Forecast to 2028 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: Travel Vaccines Market– Revenue and Forecast to 2028 (US$ Million)

8. UK Travel Vaccine Market Revenue and Forecasts To 2028 – Application

8.1 Overview

8.2 Travel Vaccines Market Revenue Share, by Application (2021 and 2028)

8.3 Domestic Travel

8.3.1 Overview

8.3.2 Domestic Travel: Travel Vaccines Market– Revenue and Forecast to 2028 (US$ Million)

8.4 Outbound Travel

8.4.1 Overview

8.4.2 Outbound Travel: Travel Vaccines Market– Revenue and Forecast to 2028 (US$ Million)

9. Travel Vaccines Market Analysis – By Country

9.1 UK: Travel Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1 UK: Travel Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2 UK: Travel Vaccines Market, by Product, 2019–2028 (US$ Million)

9.1.3 UK: Travel Vaccines Market, by Application, 2019–2028 (US$ Million)

10. Impact Of COVID-19 Pandemic on UK Travel Vaccine Market

10.1 UK: Impact Assessment of COVID-19 Pandemic

11. UK Travel Vaccine Market–Industry Landscape

11.1 Overview

11.2 Growth Strategies in the Travel Vaccines Market, (%)

11.3 Organic Developments

11.3.1 Overview

11.4 Inorganic Developments

11.4.1 Overview

12. Company Profiles

12.1 GlaxoSmithKline plc.

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Merck & Co., Inc.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Sanofi

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Novartis AG

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Pfizer Inc.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Dynavax Technologies

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Emergent BioSolutions Inc.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Abbott

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Valneva SE.

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 SEQIRUS

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. UK: Travel Vaccines Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 2. UK: Travel Vaccines Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 3. Organic Developments Done by Companies

Table 4. Inorganic Developments Done by Companies

Table 5. Glossary of Terms, Travel Vaccines Market

LIST OF FIGURES

Figure 1. Travel Vaccines Market Segmentation

Figure 2. Travel Vaccines Market – By Geography

Figure 3. UK Travel Vaccines Market Overview

Figure 4. Outbound Travel Held Largest Share of Travel Vaccines Market

Figure 5. UK Travel Vaccines Market, Industry Landscape

Figure 6. UK PEST Analysis

Figure 7. Expert Opinion

Figure 8. Travel Vaccines Market Impact Analysis of Drivers and Restraints

Figure 9. UK Travel Vaccines Market – Revenue Forecast and Analysis – 2020- 2028

Figure 10. Market Positioning of Key Players in UK Travel Vaccines Market

Figure 11. UK Travel Vaccines Market – Comparative Company Analysis

Figure 12. UK Travel Vaccines Market – Growth Strategy Analysis

Figure 13. Travel Vaccines Market Revenue Share, by Product (2021 and 2028)

Figure 14. Hepatitis A: Travel Vaccines Market– Revenue and Forecast to 2028 (US$ Million)

Figure 15. Hepatitis B: Travel Vaccines Market– Revenue and Forecast to 2028 (US$ Million)

Figure 16. Meningococcal Vaccines: Travel Vaccines Market– Revenue and Forecast to 2028 (US$ Million)

Figure 17. Others: Travel Vaccines Market– Revenue and Forecast to 2028 (US$ Million)

Figure 18. Travel Vaccines Market Revenue Share, by Application (2021 and 2028)

Figure 19. Domestic Travel: Travel Vaccines Market– Revenue and Forecast to 2028 (US$ Million)

Figure 20. Outbound Travel: Travel Vaccines Market– Revenue and Forecast to 2028 (US$ Million)

Figure 21. List of Recommended Vaccines Before Visiting the Country

Figure 22. UK: Travel Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Growth Strategies in the Travel Vaccines Market, (%)

The List of companies for UK Travel Vaccines Market:

  1. GLAXOSMITHKLINE PLC
  2. MERCK AND CO., INC.
  3. SANOFI
  4. NOVARTIS AG
  5. PFIZER INC.
  6. DYNAVAX TECHNOLOGIES CORPORATION
  7. EMERGENT BIOSOLUTIONS INC.
  8. ABBOTT
  9. VALNEVA SE
  10. CSL BEHRING

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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