PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1882969
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1882969
The global meningococcal vaccines market continues to advance significantly, driven by rising cases of vaccine-preventable meningococcal diseases and increasing global immunization efforts. According to the 2024 report, the meningococcal vaccines market size reached USD 3.54 billion in 2024. The market is projected to increase to USD 3.81 billion in 2025 and rise further to USD 7.34 billion by 2032, expanding at a CAGR of 9.8% between 2025 and 2032. In 2024, North America dominated the global market with a 57.34% share, indicating strong vaccination coverage and large-scale adoption of approved vaccines.
Meningococcal diseases-including meningitis, sepsis, and pneumonia-are caused by Neisseria meningitidis. Although 12 serogroups exist, six (A, B, C, W, X, and Y) are responsible for major epidemics. Bacterial meningitis remains life-threatening, often causing severe neurological damage or death if not treated promptly. The rising burden of meningococcal infections, coupled with increasing awareness and global collaborations for vaccine development, continues to drive substantial market growth. For example, in April 2024, the Serum Institute of India partnered with the University of Oxford to develop a chimeric protein-based Men-B vaccine, expanding future vaccine possibilities.
Market Dynamics
Drivers
The increasing number of bacterial meningococcal infections is significantly boosting vaccine demand. WHO reports indicate that 1 in 6 bacterial meningitis patients die, and 1 in 5 suffer long-term complications such as brain damage or amputations. In 2023, the U.S. reported 438 cases of meningococcal disease, the highest incidence in a decade, highlighting the urgent need for immunization programs. Such rising disease patterns support fast-growing demand for both routine and emergency meningococcal vaccinations.
Restraints
A key market restraint is the high cost of conjugate vaccines. Manufacturing complexity, multi-component formulations, and cold-chain storage requirements contribute to elevated pricing. According to the CDC Vaccine Price List (June 2025), Penbraya costs USD 230.75 per vial, while MenQuadfi costs USD 171.97 for a 10-pack dose-prices that may slow adoption in low-income regions without insurance coverage.
Opportunities
Global vaccination initiatives present strong growth opportunities. WHO's "Defeating Meningitis by 2030" roadmap emphasizes expanded immunization programs using affordable vaccines, including Men5CV. In April 2025, WHO released the first global guidelines for meningitis diagnosis, treatment, and long-term care, significantly strengthening global preparedness.
Challenges
Cold-chain logistics remain a major challenge, especially in low-resource settings. As per the 2023 U.K. Health Security Agency report, vaccine wastage due to avoidable reasons cost USD 3.3 million, while unavoidable cold-chain failures cost USD 3.7 million. Such losses increase pressure on public health budgets.
Market Segmentation Highlights
Recombinant/conjugate/subunit vaccines dominated in 2024, supported by widespread availability of conjugate vaccines and new product approvals such as GSK's single-vial Menveo in November 2024. The MenACWY segment led by type due to broad, school-based immunization recommendations across multiple countries.
Pediatric vaccines generated the highest demand in 2024, strengthened by expansions such as Sanofi's MenQuadfi pediatric indication (May 2025) for infants aged 6 weeks to 23 months.
Government suppliers represented the leading distribution channel in 2024 because of large-scale national immunization programs. For example, Nigeria became the first country to introduce Men5CV in April 2024, supported by Gavi.
North America remained the dominant region with a 2024 market size of USD 2.03 billion, driven by rising IMD cases and strong public health infrastructure. In June 2024, Toronto Public Health reported 13 IMD cases, the highest since 2002.
Asia Pacific held the second-largest share in 2024 and is projected to grow fastest through 2032, supported by WHO-prequalified vaccines such as Serum Institute's MenFive in July 2023. Europe continues to benefit from high routine immunization coverage, including 91% MenB vaccination-rate among children in England in 2022-23.
Latin America and Middle East & Africa remain growing markets, especially in the meningitis belt, where incidence rose from 0.05 to 0.18 per 100,000 between 2021 and 2023.
Conclusion
With global market value rising from USD 3.54 billion in 2024 to USD 7.34 billion by 2032, the meningococcal vaccines market is set for substantial long-term expansion. Strong R&D efforts, supportive government initiatives, and increased disease awareness will continue to drive growth through 2032.
Segmentation By Technology
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