PUBLISHER: The Business Research Company | PRODUCT CODE: 1815658
PUBLISHER: The Business Research Company | PRODUCT CODE: 1815658
Meningococcal vaccinations are vaccines designed to protect against meningococcal meningitis, an infection caused by the bacterium Neisseria meningitidis, which can lead to inflammation of the membranes covering the brain and spinal cord.
Meningococcal vaccines come in several types, including meningococcal conjugate, polysaccharide, and subcapsular vaccines. Meningococcal conjugate vaccines combine a polysaccharide antigen with a carrier molecule. Different serotypes are available, such as Men ACWY, Men B or BC, and Men C, targeting infants, children, adolescents, young adults, and adults. These vaccines are distributed through pharmacies, community clinics, public health agencies, and other outlets, serving end-users such as hospitals, research institutions, and academic institutes.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sudden escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are having a significant impact on the pharmaceutical sector. Companies are grappling with higher costs on imported active pharmaceutical ingredients (APIs), glass vials, and laboratory equipment-many of which have limited alternative sources. Generic drug manufacturers, already operating with minimal profit margins, are particularly affected, with some scaling back production of low-margin medications. Biotech firms are also experiencing delays in clinical trials due to shortages of specialized reagents linked to tariffs. In response, the industry is shifting API production to regions like India and Europe, building up inventory reserves, and advocating for tariff exemptions on essential medicines.
The meningococcal vaccines market research report is one of a series of new reports from The Business Research Company that provides meningococcal vaccines market statistics, including the meningococcal vaccines industry's global market size, regional shares, competitors with a meningococcal vaccines market share, detailed meningococcal vaccines market segments, market trends and opportunities, and any further data you may need to thrive in the meningococcal vaccines industry. The meningococcal vaccines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The meningococcal vaccines market size has grown strongly in recent years. It will grow from $3.89 billion in 2024 to $4.26 billion in 2025 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to disease incidence, global travel trends, healthcare infrastructure, epidemic preparedness, health insurance coverage.
The meningococcal vaccines market size is expected to see strong growth in the next few years. It will grow to $6.05 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to emergence of new strains, increasing globalization, growing healthcare investments, health initiatives, changing regulatory landscape. Major trends in the forecast period include personalized vaccines, digital vaccination records, gene editing technologies, multi-valent vaccines, subscription-based vaccine models.
The forecast of 9.2% growth over the next five years reflects a modest reduction of 0.3% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. Trade tensions could hinder U.S. public health programs by inflating prices of conjugate meningococcal vaccines and adjuvant systems imported from Italy and Ireland, resulting in reduced immunization rates and higher outbreak prevention expenses. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The anticipated rise in healthcare expenditure is poised to drive the expansion of the meningococcal vaccine market in the future. Healthcare encompasses various facilities such as residential care institutions, nursing facilities, intermediate care facilities for individuals with mental illnesses, or intermediate care facilities for individuals with mental retardation. The increasing cost of new vaccine generations compared to their predecessors has become a focal point in debates regarding whether the benefits of these new vaccines justify their prices. Evaluating the comprehensive social and economic benefits of vaccination is becoming an increasingly vital area of study in the literature on the value of vaccination. For example, in May 2022, an article published by the American Medical Association, a US-based professional association and lobbying group of physicians and medical students, reported that healthcare spending in the United States had surged by 9.7% to $4.1 trillion, amounting to $12,530 per person. This growth rate is significantly higher than that of 2019, which was 4.3%. Consequently, the increase in healthcare spending is propelling the growth of the meningococcal vaccine market.
The rising incidence of meningococcal disease is expected to drive the growth of the meningococcal vaccine market in the future. Meningococcal disease is a severe bacterial infection caused by Neisseria meningitidis, which can lead to meningitis (inflammation of the membranes surrounding the brain and spinal cord) and septicemia (bloodstream infection). Meningococcal vaccines are highly effective in preventing meningococcal disease caused by Neisseria meningitidis. For example, in September 2023, SA Health, a government agency in South Australia focused on public health, reported 20 instances of invasive meningococcal disease, with 17 cases associated with serogroup B and three cases linked to serogroup W. This represents an increase from the 14 cases reported in 2022. Therefore, the rising incidence of meningococcal disease is a key driver of the growth of the meningococcal vaccine market.
Key players in the meningococcal vaccines market are actively engaged in the development of new vaccines targeting various serogroups, aiming to enhance their market profitability. Meningococcal vaccines serve as preventive measures, guarding individuals against infections caused by specific serogroups of the Neisseria meningitidis bacteria. Notably, in October 2023, Pfizer Inc., a renowned US-based pharmaceutical company, obtained FDA approval for its vaccine, PENBRAYA. Distinguished by its extensive serogroup coverage, PENBRAYA stands as the most comprehensive meningococcal vaccine sanctioned in the United States, providing protection against serogroups A, B, C, W, and Y. The FDA's endorsement of PENBRAYA is supported by robust Phase 2 and 3 trial data, affirming its non-inferior immunogenicity when compared to Trumenba + Menveo across all targeted serogroups, coupled with favorable safety profiles. Additionally, Pfizer's September 2022 announcement highlighted positive outcomes from a Phase 3 trial, showcasing PENBRAYA's safety, tolerability, and immunogenicity compared to existing licensed meningococcal vaccines.
Major companies in the meningococcal vaccines market are strategically engaging in partnerships to bolster their profitability within the market. These collaborations involve cooperative efforts among pharmaceutical firms, research institutions, government bodies, and non-profit organizations, aimed at collectively advancing the development, production, distribution, or enhancement of meningococcal vaccines. For instance, in July 2023, the Serum Institute of India, a biotechnology company based in India, partnered with PATH, a US-based non-profit health organization, to develop MenFive. The Serum Institute of India received WHO prequalification for MenFive, a multivalent meningococcal meningitis vaccine. MenFive stands as the first conjugate vaccine of its kind, targeting the primary causes of meningococcal meningitis prevalent in Africa. This vaccine follows the success of MenAfriVac, introduced in 2010, which successfully eradicated serogroup A meningococcal meningitis outbreaks in the African meningitis belt. MenFive is designed to prevent fatalities and disabilities caused by the disease. The Serum Institute of India's groundbreaking vaccines contribute significantly to the ongoing fight against meningococcal meningitis in Africa.
In August 2022, GlaxoSmithKline PLC, a pharmaceutical and biotechnology company headquartered in the UK, completed the acquisition of Affinivax Inc. for $3.3 billion. GSK's acquisition of Affinivax aligns with its strategic goal of building a diverse portfolio encompassing specialty medicines and vaccines. Affinivax, Inc., based in the US, specializes in next-generation vaccine technology and operates within the meningococcal vaccines sector.
Major companies operating in the meningococcal vaccines market include Pfizer Inc., GlaxoSmithKline plc, Sanofi Pasteur, Merck & Co. Inc., Serum Institute of India Pvt. Ltd., Bio-Manguinhos, Walvax Biotechnology Co. Ltd., Bavarian Nordic A/S, Hualan Biological Engineering Inc., China National Pharmaceutical Group (Sinopharm), Bharat Biotech, Incepta Pharmaceuticals Ltd., Biological E. Limited, Chongqing Zhifei Biological Products Co. Ltd., Biokangtai, Biomed Pvt Ltd., Biocine SCL, Panacea Biotec Ltd., Grifols S.A., CSL Limited, Minhai Biotechnology Co. Ltd., Chiron Behring Vaccines Pvt. Ltd., Shenzhen Kangtai Biological Products Co. Ltd.
North America was the largest region in the meningococcal vaccines market in 2024. Asia-Pacific is expected to be the fastest-growing region in the meningococcal vaccines market report during the forecast period. The regions covered in the meningococcal vaccines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the meningococcal vaccines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The meningococcal vaccines market consists of sales of conjugate vaccines, combination vaccines, serogroup B vaccine products, and other types. Values in this market are 'pharmaceuticals' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Meningococcal Vaccines Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on meningococcal vaccines market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for meningococcal vaccines ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The meningococcal vaccines market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.