PUBLISHER: The Business Research Company | PRODUCT CODE: 1833973
PUBLISHER: The Business Research Company | PRODUCT CODE: 1833973
Pneumococcal vaccines (PCV) are immunizations designed to protect against infections caused by Streptococcus pneumoniae, a bacterium responsible for illnesses such as pneumonia, meningitis, sinusitis, and bloodstream infections. The primary purpose of pneumococcal vaccine is to prevent serious and potentially life-threatening pneumococcal diseases, especially in high-risk groups like infants, older adults, and people with chronic illnesses.
The pneumococcal vaccine market consists of sales by entities (organizations, sole traders and partnerships) of pneumococcal vaccine that are deployed at scheduled intervals, with infant PCV doses at 2, 4, 6 and 12 months, with adult booster doses as recommended by bodies such as the Centers for Disease Control and Prevention (CDC), the US based national public health agency.
The global pneumococcal vaccine market was valued at $6,464.00 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 4.00%.
Increasing Prevalence Of Pneumococcal Contamination
During the historic period, the increasing prevalence of pneumococcal contamination supported the growth of the pneumococcal vaccine market. The rising incidence of pneumococcal infections, including pneumonia, meningitis and sepsis among vulnerable groups such as children and the elderly has intensified the need for preventive measures. Healthcare systems are increasingly prioritizing immunization to reduce hospital admissions and mortality. Untreated cases often result in costly hospital stays and long-term health complications, placing financial strain on both healthcare providers and insurers. Vaccination offers a cost-effective solution, leading governments and insurance providers to invest heavily in broader immunization efforts to reduce both clinical and economic burdens. For instance, in January 2022, according to the Center for Disease Control and Prevention, a US-based agency for public health, Pneumococcal pneumonia causes an estimated 150,000 hospitalizations per year in the United States, accounting for up to 30% of adult community-acquired pneumonia. Therefore, the increasing prevalence of pneumococcal contamination drove the growth of the pneumococcal vaccine market.
Innovative Pneumococcal Vaccine Enhances Pediatric Immunization By Targeting Local Disease Burden
Companies operating in the pneumococcal vaccine market are focusing on developing innovative formulations tailored to regional disease patterns and immune response optimization. These advancements aim to improve vaccine effectiveness, address local public health needs and reduce dependence on imported products. For example, in June 2025, CanSino Biologics Inc. (CanSinoBIO) is a China-based biopharmaceutical company launched its pneumococcal conjugate vaccine-iPneucia, a 13 valent formulation tailored to China's epidemiological needs. Designed with innovative dual carriers Cross-Reacting Material 197 (CRM197 + tetanus toxoid), it enhances immunogenicity while minimizing interference with other vaccines. Clinical data show strong antibody responses against key serotypes prevalent in Chinese children. As a domestically developed alternative to imported vaccines, iPneucia supports national immunization efforts, improves access and strengthens CanSinoBIO's position in the pediatric vaccine market.
The global pneumococcal vaccines market is highly concentrated, with large players operating in the market. The top 6 competitors in the market made up 100% of the total market in 2023.
Pneumococcal Vaccine Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global pneumococcal vaccine market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for pneumococcal vaccine? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The pneumococcal vaccine 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 history and forecasts market growth by geography. It places the market within the context of the wider pneumococcal vaccine market; and compares it with other markets.