The global pneumococcal vaccine market size reached US$ 8.9 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 12.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2022-2028.
Pneumococcal disease is caused by Streptococcus pneumoniae bacterium that can lead to severe infection of the lungs (pneumonia) and blood (bacteremia) or the lining of the brain and spinal cord (meningitis). The vaccines help protect both children and adults by stimulating the immune system and protecting against the bacterial strains responsible for severe infections. As these vaccines help prevent infection from spreading, reduce fatality rate and eliminate the need for hospitalization, they are widely being used across the globe.
According to the World Health Organization (WHO), children under 2-5 years of age are at a high risk of developing pneumococcal disease. This, in confluence with the escalating number of birth rates and the growing concerns among parents about the health of their children, represents one of the major factors bolstering the market growth. Additionally, the increasing geriatric population is contributing to the market growth. This can also be accredited to the contagiousness of the disease, which can cause severe complications in older adults. Furthermore, the rising number of smokers and individuals living with chronic health conditions is positively influencing the market growth. Moreover, the introduction of the Pneumococcal Conjugate Vaccine (PCV) in infant routine immunization by governing agencies of numerous countries is anticipated to propel the market growth.
2. What is the expected growth rate of the global pneumococcal vaccine market during 2023-2028?
3. What has been the impact of COVID-19 on the global pneumococcal vaccine market?
4. What are the key factors driving the global pneumococcal vaccine market?
5. What is the breakup of the global pneumococcal vaccine market based on the vaccine type?
6. What is the breakup of the global pneumococcal vaccine market based on the product type?
7. What is the breakup of the global pneumococcal vaccine market based on the distribution channel?
8. What are the key regions in the global pneumococcal vaccine market?
9. Who are the key players/companies in the global pneumococcal vaccine market?
Pneumococcal disease is caused by Streptococcus pneumoniae bacterium that can lead to severe infection of the lungs (pneumonia) and blood (bacteremia) or the lining of the brain and spinal cord (meningitis). The vaccines help protect both children and adults by stimulating the immune system and protecting against the bacterial strains responsible for severe infections. As these vaccines help prevent infection from spreading, reduce fatality rate and eliminate the need for hospitalization, they are widely being used across the globe.
According to the World Health Organization (WHO), children under 2-5 years of age are at a high risk of developing pneumococcal disease. This, in confluence with the escalating number of birth rates and the growing concerns among parents about the health of their children, represents one of the major factors bolstering the market growth. Additionally, the increasing geriatric population is contributing to the market growth. This can also be accredited to the contagiousness of the disease, which can cause severe complications in older adults. Furthermore, the rising number of smokers and individuals living with chronic health conditions is positively influencing the market growth. Moreover, the introduction of the Pneumococcal Conjugate Vaccine (PCV) in infant routine immunization by governing agencies of numerous countries is anticipated to propel the market growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global pneumococcal vaccine market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on vaccine type, product type, distribution channel and end user.Breakup by Vaccine Type:
- Pneumococcal Conjugate Vaccine
- Pneumococcal Polysaccharide Vaccine
Breakup by Product Type:
- Prevnar 13
- Synflorix
- Pneumovax 23
Breakup by Distribution Channel:
- Distribution Partner Companies
- Non-Governmental Organizations (NGO)
- Government Authorities
Breakup by End User:
- Pediatrics
- Adults
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Astellas Pharma Inc., GlaxoSmithKline Plc., Merck & Co. Inc., Panacea Biotec Ltd., Pfizer Inc., Sanofi S.A., Serum Institute of India Pvt Ltd and Walvax Biotechnology Co. Ltd.Key Questions Answered in This Report
1. What was the size of the global pneumococcal vaccine market in 2022?2. What is the expected growth rate of the global pneumococcal vaccine market during 2023-2028?
3. What has been the impact of COVID-19 on the global pneumococcal vaccine market?
4. What are the key factors driving the global pneumococcal vaccine market?
5. What is the breakup of the global pneumococcal vaccine market based on the vaccine type?
6. What is the breakup of the global pneumococcal vaccine market based on the product type?
7. What is the breakup of the global pneumococcal vaccine market based on the distribution channel?
8. What are the key regions in the global pneumococcal vaccine market?
9. Who are the key players/companies in the global pneumococcal vaccine market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Pneumococcal Vaccine Market
6 Market Breakup by Vaccine Type
7 Market Breakup by Product Type
8 Market Breakup by Distribution Channel
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Astellas Pharma Inc.
- GlaxoSmithKline Plc.
- Merck & Co. Inc.
- Panacea Biotec Ltd.
- Pfizer Inc.
- Sanofi S.A.
- Serum Institute of India Pvt Ltd and Walvax Biotechnology Co. Ltd.
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 146 |
Published | November 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 8.9 Billion |
Forecasted Market Value ( USD | $ 12.2 Billion |
Compound Annual Growth Rate | 5.4% |
Regions Covered | Global |
No. of Companies Mentioned | 7 |