Pneumococcal Vaccine Market is expected to witness market growth at a rate of 5.5% in the forecast period of 2022 to 2029. Data Bridge Market Research report on pneumococcal vaccine market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the prevalence of chronic diseases globally is escalating the growth of pneumococcal vaccine market. According to the World Health Organization (WHO), children under 2-5 years of age are at a high risk of developing pneumococcal disease.
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The Global Pneumococcal Vaccine Market is segmented based on Type, Indication, Product, Distribution, and Geography.
- By Type, the market is classified into Conjugate Vaccines and Polysaccharide Vaccines.
- By Indication, the market is classified into Bronchitis Meningitis and Bronchitis-Sepsis.
- By Product, the market is classified into Pneumovax23, Prevnar 13, and Synflorix.
- By Distribution, the market is classified into Government Authorities and Non-governmental Organizations.
- By Geography, the market is classified into Americas, Europe, Middle-East Africa and Asia-Pacific.
Additionally, the increasing geriatric population is contributing to the market growth. This can also be accredited to the contagiousness of the disease, which can cause severe complications in older adults.Furthermore, the rising number of smokers and individuals living with chronic health conditions is positively influencing the market growth. Moreover, the introduction of the Pneumococcal Conjugate Vaccine (PCV) in infant routine immunization by governing agencies of numerous countries is anticipated to propel the market growth.
What is Pneumococcal Vaccine Market?
Meningococcal disease is caused by bacteria called as Neisseria meningitidis and includes infection of spinal cord, brain lining and bloodstream. It usually spreads from nearby infected areas such as the nasal sinuses or from the cerebrospinal fluid. Growing prevalence of meningitis has given positive impact on target market
growth. Increasing immunization initiatives by government and regulatory authorities in prevention of Meningococcal disease is further, expected to fulfill the demand for Pneumococcal Vaccine Market growth.
What is Prophecy's Analyst View on Pneumococcal Vaccine Market?
Growing awareness among individual regarding Meningococcal disease has become a key factor in market growth. Presence of major key players and ongoing research and development activities is further, anticipated to increase the demand for Meningococcal Vaccine market growth over the forecast period.
Who should get vaccinated with a pneumococcal vaccine? 1. Infants and young children: Routine vaccination is recommended for all infants and young children, typically using pneumococcal conjugate vaccines. 2. Adults aged 65 years and older: One dose of pneumococcal polysaccharide vaccine (PPSV23) is generally recommended for adults aged 65 years and older. 3. Adults with certain medical conditions: Individuals with specific chronic diseases, weakened immune systems, or other health conditions that increase the risk of pneumococcal infections may require pneumococcal vaccination. 4. Adults with specific risk factors: Individuals with lifestyle factor (such as smoking or alcohol abuse) or occupational exposures that increase the risk of pneumococcal infections may also be recommended to receive pneumococcal vaccination.How do pneumococcal vaccines work?Pneumococcal vaccines work by introducing small pieces of the Streptococcus pneumoniae bacteria into the body. This stimulates the immune system to produce antibodies that can recognize and target the bacteria. These antibodies help prevent infection by blocking the bacteria from attaching to cells and enhance the immune response if the person is exposed to pneumococcus in the future. Pneumococcal vaccines specifically target common strains associated with pneumococcal diseases, providing protection against pneumonia, meningitis, and bloodstream infections caused by Streptococcus pneumoniae.
Highlight of Table of Content:
- Chapter 1: Market overview
- Chapter 2: Global Pneumococcal Vaccine Market analysis
- Chapter 3: Regional analysis of the Global Pneumococcal Vaccine Market
- Chapter 4: Market segmentation based on types and applications
- Chapter 5: Revenue analysis based on types and applications
- Chapter 6: Market share
- Chapter 7: Competitive Landscape
- Chapter 8: Drivers, Restraints, Challenges, and Opportunities
- Chapter 9: Gross Margin and Price Analysis
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Some of the major players operating in the pneumococcal vaccine market report are GlaxoSmithKline, Plc., Sanofi, Merck Co., Inc., Panacea Biotec Ltd, Pfizer Inc, PnuVax Incorporated, SK bioscience, Walvax Biotechnology Co., Ltd, and Beijing Minhai Biotechnology Co.,Ltd among others.
Key Questions Answered in This Report:
- How has the global pneumococcal vaccine market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global pneumococcal vaccine market?
- What are the key regional markets?
- What is the breakup of the market based on the vaccine type?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global pneumococcal vaccine market and who are the key players?
- What is the degree of competition in the industry?
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