The Infinium Global Research analyzes the Pediatric Vaccines Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global pediatric vaccines market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of pediatric vaccines. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the pediatric vaccines market during the period. The global pediatric vaccines market is projected to grow at a CAGR of 11.2% over the forecast period of 2018-2024.
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Pediatric vaccines are the recommended routines of immunizations given by the Centers for Disease Control and Prevention (CDC) to the children to prevent them from the subsequent infection or disease. According to the WHO, Immunization is a proven tool for controlling and eliminating life-threatening infectious diseases and is estimated to avert between 2 and 3 million deaths each year. The International immunization program for the Childers have many common vaccines across the world but these vaccines may change depending upon the region. Vaccines work best when they are given at certain ages, so they are mostly given to the Childers of age below 12. Chickenpox, Diphtheria, Hepatitis A, Hepatitis B, Human papillomavirus (HPV) are some of the important and common pediatric Vaccines given across the world. They are the most common Vaccine-preventable diseases that are found in the children.
Growing Incidence of Chronic Disease and Rising Awareness About the Importance of Early Vaccination are Driving the Growth of the Pediatric Vaccines Market
The growing incidence of Chronic Disease and rising awareness about the importance of early vaccination are driving the growth of the pediatric vaccines market. For instance, Hepatitis B is a virus infection that attacks the liver and can cause both acute and chronic disease. The first dose of the Hepatitis B vaccine is given to the new born baby within 24 hours of birth and three more doses within 6 months. This vaccination helps to prevent the occurrence of hepatitis B among the newly born children’s.
In addition, across the various country, the government provide the free immunization to the children’s through various vaccination programs. Government and non-government agencies across various countries are rising their funding in the Pediatric vaccination that is likely to boost the demand of Pediatric Vaccines. The leading healthcare associations such as UNICEF, WHO, and other are taking initiative to provide various healthcare awareness programs across the Low and Middle-Income countries that contribute to the growth of pediatric vaccines market. However, the lack of medical services across the developing countries restrain the growth of the pediatric vaccine market. Moreover, the research and development to produce the novel vaccines and growing awareness about the immunization are projected create several opportunities in the pediatric vaccine market.
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North America Holds the Maximum Market Share in the Pediatric Vaccine Market
Among the geography, North America holds the maximum market share in the pediatric vaccine market. The developed healthcare infrastructure, favorable government policies and strong Research and ongoing development of new and effective pediatric vaccines are driving the growth of the pediatric vaccines market. In addition, Asia Pacific is the fastest growing region in the pediatric vaccine market owing to the rising occurrence of chronic diseases, the government initiative to provide free vaccinations and growing awareness about the Immunizations. The developing healthcare infrastructure and a rapidly growing population are anticipated to contribute in the growth of the pediatric vaccine market in the Asia Pacific.
Pediatric Vaccines Market: Segmentation
The report on global pediatric vaccines market covers segments such as, vaccine type, technology, application and end user. On the basis of vaccine type the global pediatric vaccines market is categorized into monovalent and multivalent. On the basis of technology, the global pediatric vaccines market is categorized into attenuated live viruses, inactivated viruses, recombinant, subunits, toxoids, conjugates and polysaccharides. On the basis of application, the global pediatric vaccines market is categorized into infectious disease, allergy and cancer. On the basis of end user, the global pediatric vaccines market is categorized into hospitals, pediatric clinics, research organizations and others.
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Pediatric Vaccines Market: Competitive Landscape
The report provides profiles of the companies in the global pediatric vaccines market such as, Merck Sharp & Dohme Corp, SANOFI, Indian Immunologicals Limited, Mitsubishi Tanabe Pharma Corporation, Sinovac Biotech Ltd., GlaxoSmithKline plc, Serum Institute of India Pvt. Ltd., Eli Lilly Company, Pfizer, Inc. and SANOFI.
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- Comprehensive analysis of global as well as regional markets of the pediatric vaccines.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- 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.
- nfinium 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.