The report is titled ‘Pneumococcal Vaccines Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the pneumococcal vaccines market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The pneumococcal vaccine market is expected to grow at a significant rate in the near future.
The pneumococcal vaccines market is estimated to reach at a value of US 9,061.6 Mn by the end of 2022 and expected to reach at a value of US$ 13,490.5 Mn by 2030 with a significant CAGR of 5.1%.
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Pneumococcal Vaccines Market Dynamics
Increasing awareness about the importance of vaccination, growing government initiatives for the promotion and maintenance of better healthcare infrastructure, on-going, and continuous research & development activities in the healthcare sector, and the elevating adoption of vaccines are the major growth driving factors elevating the growth of global pneumococcal vaccines market.
Implementation of the regular immunization program, growing investments by the private sector in the healthcare industry, mounting cases of patients suffering from pneumococcal contaminations, and the elevating production of novel vaccinations also influence the positive growth of the market.
Increasing the count of the patient pool, developing the pharmaceutical industry, and improving health care infrastructure globally are some other reasons supporting the market growth.
However, the requirement of a longer period for the production of vaccines and the high cost associated with the production procedure tends to hamper the market growth. Furthermore, many key manufacturers find it costly compared to its returns, these limits and affect the overall business thereby retarding the overall market growth.
These vaccines also have some limitations and side effects, the vaccine aids the prevention of disease caused by streptococcus pneumonia bacterium, but, at the same time, it is ineffective in case of pneumonia caused by other bacteria.
On the contrary, the innovation of protein-based vaccines for treating and curing pneumonia is anticipated to create opportunities for the expansion of this market during the forecast period. Whereas, the public-private partnership serves to be the major market trending factor for the global pneumococcal vaccines market.
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Pneumococcal Vaccines Market Segmentation
The global pneumococcal vaccines market is segmented on the basis of product type, distribution channel, sector, and region.
By Product Type:
- Synflorix
- Prevenar-13
- PCV 13 (pipeline)
- V114 (Merck)
- PCV-20 (Pfizer)
- PCV-10 (SII)
- PPSV- 23
By Distribution Channel:
- Wholesalers
- Specialized Companies
- Public Authorities
- Others
By Sector:
- Public
- Private
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Pneumococcal Vaccines Market Pipeline Drugs Overview
In the global pneumococcal vaccines market, several numbers of drugs are in a pipeline including, V114. V114 is an investigational vaccine currently being evaluated for its ability to provide protection against pneumococcal disease caused by serotypes contained in the vaccine.
GlaxoSmithKline also has a 10-serotype drug in phase 2 trials that are formulated in such a way that it could provide more coverage than Prevnar 13. Rising government and non-governmental initiatives including GAVI, WHO, and UNICEF to offer vaccination to developing nations like China and India. For instance, GAVI has contributed to Advanced Market Commitment to provide pneumococcal vaccines to 60 countries as a regular immunization program.
The pneumococcal Advance Market Commitment (AMC) is designed to protect children against pneumococcal disease. It is estimated that the pilot can prevent more than 1.5 million childhood deaths by 2020.
Pneumococcal Vaccines Market Competitive Landscape
Key players operating in the global pneumococcal vaccines market include Chengdu Institute of Biological Products Co., Ltd., CSL Ltd., GlaxoSmithKline plc, Merck & Co., Inc., Pfizer, Inc., Sanofi SA, Serum Institute of India Pvt. Ltd., SK Chemicals, and Walvax Biotechnology Co., Ltd.
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