Infinium Global Research has added a new report on Pneumococcal Vaccines Market. The report covers the analysis of global as well as regional markets of pneumococcal vaccines. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. The global pneumococcal vaccines market is projected to grow at a CAGR of 3.3% over the forecast period of 2019-2025.
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Pneumococcal vaccines are used to prevent infection from Streptococcus pneumoniae bacteria. The Pneumococcal vaccine is applicable in preventing pneumonia, meningitis, and sepsis. Conjugate vaccines and polysaccharide vaccines are majorly two types of Pneumococcal vaccines. The infections caused by pneumococcal viruses affect different organs and cause severe diseases like pneumonia, meningitis, and bacteremia. Also, it causes some milder diseases such as ear infection, sinusitis, and bronchitis. Pneumococcal vaccination can prevent significant mortality and morbidity caused due to pneumococcal disease.
Increasing Number of People Suffering from Pneumococcal Disease Drives the Pneumococcal Vaccines Market
The increasing number of people suffering from pneumococcal disease drives the pneumococcal vaccines market. The rising availability of pneumococcal vaccination and growing awareness about pneumococcal disease contributes to the growth of the pneumococcal vaccine market. In 2018, 142 countries out of 194 World Health Organization member states introduced the pneumococcal vaccine into their National Immunization Program. In addition, huge investments and partnerships by the pharmaceutical companies stimulate the growth of the pneumococcal vaccines market. On the flip side, high costs required in the manufacturing of pneumococcal vaccines hampers the growth of pneumococcal vaccines market. Moreover, research and development going on in the field pneumococcal vaccines create opportunities for the pneumococcal vaccine manufacturers.
Pneumococcal Vaccines Market: Segmentation
The pneumococcal vaccines market is segmented on the basis of product type and distribution channel. The Product type segment is divided into the pneumococcal conjugate vaccine and pneumococcal polysaccharide vaccine. The pneumococcal conjugate vaccine is expected to have a larger share in product type segment of the pneumococcal vaccine market. The pneumococcal conjugate vaccine is used in infants, young children, and adults. Based on the distribution channel, the pneumococcal vaccines market is divided into clinics, hospitals, non-governmental organizations, and government authorities.
North America is Anticipated to be Dominant in the Pneumococcal Vaccines Market
Geographically, North America is anticipated to be dominant in the pneumococcal vaccines market. The rising prevalence of pneumococcal disease in the United States drives the growth of the pneumococcal vaccines market in the North America region. As per the Centre for Disease Control and Prevention, around 900000 Americans get pneumococcal pneumonia each year. Asia-Pacific region is expected to grow in pneumococcal vaccines market owing to increasing government initiative to create awareness about vaccination for pneumococcal disease.
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Pneumococcal Vaccines Market: Competitive Analysis
The key players in pneumococcal vaccines market are Bayer AG, GlaxoSmithKline plc, Pfizer Inc., Nuron Biotech Inc., CSL Ltd., Biomed Pvt. Ltd., Serum Institute of India Pvt. Ltd., Sanofi Pasteur Inc., JN-International Medical Corporation, Merck& Cooperation. The players are focusing on new product development, mergers and acquisitions to sustain in the market. For instance, Nuron Biotech Inc. acquired a vaccine from Pfizer Inc., which can prevent diseases such as meningitis, pneumonia and sepsis. Nuron Biotech Inc. develops vaccines to prevent and treat infectious diseases.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the pneumococcal vaccines.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.