PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1866230
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1866230
Pneumococcal Vaccine Market Introduction and Overview
According to SPER market research, 'Global Pneumococcal Vaccine Market Size- By Vaccine Type, By Product, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' states that the Global Pneumococcal Vaccine Market is predicted to reach 16.02 billion by 2034 with a CAGR of 6.43%.
The bacteria that cause pneumonia, meningitis, and bloodstream infections is Streptococcus pneumoniae. The goal of pneumococcal vaccinations is to shield against infections caused by this pathogen. These vaccines work by stimulating the immune system to recognize and respond to specific pneumococcal serotypes. Pneumococcal conjugate vaccines (PCVs), which provide strong and long-lasting immunity to infants and young children, and pneumococcal polysaccharide vaccines (PPSVs), which are primarily used for high-risk populations and older adults, are the two main types that are frequently used.
Restraints: There are several challenges facing the pneumococcal vaccine market that restrict its expansion and accessibility. The constant emergence of new serotypes that are not covered by existing formulations necessitates ongoing research and development, which drives up costs. High production costs and intricate manufacturing processes limit affordability for low- and middle-income countries. Price competition in public tenders puts pressure on margins, but differences in national vaccination protocols and regulatory requirements may delay the adoption of products.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Vaccine Type, By Product, By End Use
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
Serum Institute of India Pvt. Ltd., CSL
Sanofi, GSK plc, Merck & Co., Inc., Pfizer Inc., Walvax Biotechnology Co., Ltd
Beijing Minhai Biotechnology Co., Ltd
Global Pneumococcal Vaccine Market Segmentation:
By Vaccine Type: Based on the Vaccine Type, Global Pneumococcal Vaccine Market is segmented as; Pneumococcal Conjugate Vaccine, Pneumococcal Polysaccharide Vaccine.
By Product: Based on the Product, Global Pneumococcal Vaccine Market is segmented as; Prevnar 13, Synflorix, Pneumovax 23, VAXNEUVANCE, PNEUMOSIL.
By End User: Based on the End User, Global Pneumococcal Vaccine Market is segmented as; Public Sector, Private Sector.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.