Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.4 Billion | USD 7.5 Billion | 4.2% | 2022 |
FrequentlyAsked Questions
Pneumococcal vaccinations are those that shield people from pneumococcal diseases. The bacterium Streptococcus pneumonia is responsible for the disease. Vaccines against pneumococci can shield people against diseases including sepsis, meningitis, and pneumonia. Vaccines may be divided into two categories: polysaccharide vaccines and conjugate vaccinations. The drug is administered by injecting it either into the muscle or just beneath the skin. Children and newborns should get conjugate vaccinations as part of a standard immunization schedule, according to the World Health Organization (WHO).
The pneumococcal vaccine industry is expanding primarily due to the rising elderly population. This is due to the disease's contagiousness, which in older persons can result in serious consequences. Additionally, the growing population of smokers and those with chronic health concerns are favorably impacting the market expansion.
According to the report, the global pneumococcal vaccine market size was worth around USD 5.4 billion in 2022 and is predicted to grow to around USD 7.5 billion by 2030.
The global Pneumococcal Vaccine market is expected to grow at a CAGR of 4.2% during the forecast period.
The global Pneumococcal Vaccine market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the growing presence of major players and the growing elderly population.
The global Pneumococcal Vaccine market is dominated by players like Walvax Biotechnology Co., Ltd., Sk Bioscience, Panacea Biotec Limited, Shenzhen Kangtai Biological Products Co., Ltd. (Beijing Minhai Biotechnology Corporation Limited), Serum Institute of India Pvt. Ltd., Merck & Co., Inc., Pfizer Inc., Lg Chem Ltd., Pnuvax Incorporated, Glaxosmithkline Plc., among others.
The Pneumococcal Vaccine market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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