Global Pneumococcal Polysaccharide Vaccine
Market Report
2024
the Global Pneumococcal Polysaccharide Vaccine market size was USD 8.90 Billion in 2022 and it is forecasted to reach USD 11.27 Billion. Pneumococcal Polysaccharide Vaccine Industry's Compound Annual Growth Rate will be 3.2% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Pneumococcal Polysaccharide Vaccine market size was USD 8.90 Billion in 2022 and it is forecasted to reach USD 11.27 Billion. Pneumococcal Polysaccharide Vaccine Industry's Compound Annual Growth Rate will be 3.2% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Pneumococcal Polysaccharide Vaccine Market Sales Revenue 2022 | $ 8.9 Billion |
Global Pneumococcal Polysaccharide Vaccine Market Sales Revenue 2030 | $ 11.27 Billion |
Global Pneumococcal Polysaccharide Vaccine Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.2% |
Market Split by Vaccine Type |
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Market Split by Product Type |
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Market Split by Sector |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Pneumococcal Polysaccharide Vaccine Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Pneumococcal is caused by the bacteria Streptococcus pneumoniae Pneumococcal which causes many types of illness, this disease leads to dangerous infections. Pneumococcal diseases are caused by the spread of direct contact with mucus or saliva and airborne droplets. People of any age and having specific medical problems are at high risk to get affected by types of pneumococcal diseases. Some of the diseases are considered invasive, Invasive pneumococcal diseases are a group of illnesses caused by pneumococcus bacteria. Pneumococcal pneumonia can be also caused by at least being at a 65-year age or a person is affected by chronic diseases. Risk factors of pneumococcal pneumonia are Diabetes, Asthma, Chronic obstructive pulmonary disease (COPD), Suppressed immune system, Smoking, and Alcoholism. The Pneumococcal Polysaccharide Vaccine (PPSV23) protects against 23 types of bacteria that cause bacterial pneumococcal disease. The usage of pneumococcal vaccine in COVID-19 boosts the Global Pneumococcal Polysaccharide Vaccine Market growth.
The rising partnership between the manufacturers and numerous governments countries is projected to drive the growth of the Global Pneumococcal Polysaccharide Vaccine Market. The manufacturers are investing in new projects, and focusing on diseases not having vaccines for different age groups, for the people affected in the underdeveloped or developing countries. This helps the companies like GlaxoSmithKline plc., to sustain their position in the vaccine business in the forecast period. For instance, the data by UNICEF (United Nations International Children’s Emergency Fund) over 80% of the countries eligible to access PCV using the Advance market commitment (AMC) have introduced the vaccine into their national immunization programs.
In addition, the increasing prevalence of pneumonia globally is one of the major aspects driving the Global Pneumococcal Polysaccharide Vaccine Market growth. The demand rising for medications for the treatment of illnesses related to diseases like breathing issues, and the economic help of the researchers for the advancements in novel interventions or treatments related to the market growth. The increasing awareness of novel pneumococcal vaccines and rising investments of government and rising awareness of healthcare for the successful treatment of the disease fuel the market growth.
The increasing cost of numerous pneumococcal vaccines, particularly PCV13 is the source of various investing agencies and the players in the public and private sector is hampering the market growth. In 2013-2014, the US government purchased the PCV13 vaccine from Pfizer for around US$ 284.5 for a single child's inoculation. Furthermore, in other countries such as India, PCV13 and PCV10 are priced in the private market at roughly US$ 59/dose and US$ 28/dose, respectively, with three doses required for full vaccination (as reported by Médecins Sans Frontières (MSF), a humanitarian organization). Pfizer's Prevenar13 pneumococcal vaccination received a patent extension from the Indian Patent Office in August 2017.
The outbreak of COVID-19 in December 2019, the virus has spread all over the globe and WHO declared the world health emergency in January 2020. According to the most recent set of full worldwide kid immunization records, which are the first official figures to incorporate global service disruptions due to the COVID-19 pandemic, the majority of countries reported a fall in childhood vaccination rates in 2020. Additionally, according to a Public Health England report published in the first wave of COVID-19 PHE conducted an online survey to find out the parent’s experience with the routine vaccinations of children.
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The major players in the market are Pfizer, Inc., Merck & Co. Inc., GlaxoSmithKline plc., IG chem Ltd., Sk Bioscience, Shenzhen Kangtai biological products co., ltd., walvax biotechnology co., ltd., Pnuvax incorporated, serum institute of India Pvt. Ltd., Panacea biotech limited.
Pfizer announced the pneumococcal vaccine use with the COVID-19 booster shoot. The study includes 600 adults over 65 years who will be recruited from the late-stage study of the Pfizer-BioNTech COVID-19 vaccine and will have received their second dose of the vaccine at least six months prior to entering the co-administration study.
The vaccine maker Biological (BE) announced that the Subject expert committee of the Center Drug Standard Control Organization has approved the phase-3 infants clinical trial data and recommended the manufacture of its Pediatric vaccine streptococcus pneumonia infection in a single.
Top Companies Market Share in Pneumococcal Polysaccharide Vaccine Industry: (In no particular order of Rank)
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The developed healthcare infrastructure, rapidly increasing geriatric population, and increasing prevalence of infectious diseases are spiking the growth of the market in the region. Additionally, the presence of major players in the region coupled with the advanced technology treatment and government schemes and investment in the healthcare sector is fuelling the market growth in the region and is projected to sustain its position during the forecast period.
The current report Scope analyzes Pneumococcal Polysaccharide Vaccine Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Pneumococcal Polysaccharide Vaccine Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Pneumococcal Polysaccharide Vaccine Industry growth. Pneumococcal Polysaccharide Vaccine market has been segmented with the help of its Vaccine Type, Product Type Sector, and others. Pneumococcal Polysaccharide Vaccine market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The pneumococcal conjugate vaccine is used to vaccinate children under 2 years old. The parents are concerned about their infant’s health and the government initiative funding for different types of vaccines is fuelling the market growth. Increasing awareness of different types of vaccines by the government and healthcare institutes is increasing the growth of the segment in the market. The PCV segments hold the highest revenue share owing to the use of vaccines among the population as the rising prevalence of pneumonia, which consist of children below 5 and above 50 years.
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Pneumococcal Polysaccharide Vaccine from 2019 to 2031. This will also help to analyze the demand for Pneumococcal Polysaccharide Vaccine across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Product Type of Pneumococcal Polysaccharide Vaccine are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Associate at Cognitive Market Research
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over three years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies.
In her current role, Manjiri handles the market research related to Pharma and healthcare industry. Her passion lies in utilizing innovative approaches to distill complex information into strategic insights that empower organizations to make informed decisions.Manjiri remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Pneumococcal Polysaccharide Vaccine Market is witnessing significant growth in the near future.
In 2023, the Pneumococcal Conjugate Vaccine segment accounted for noticeable share of global Pneumococcal Polysaccharide Vaccine Market and is projected to experience significant growth in the near future.
The Prevnar 13 segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Pfizer Inc. , GlaxoSmithKline plc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Vaccine Type | Pneumococcal Conjugate Vaccine, Pneumococcal Polysaccharide Vaccine, Others |
Product Type | Prevnar 13, Synflorix, Pneumovax 23, Others |
Sector | Private hospitals, Clinics, Others |
List of Competitors | Pfizer Inc., Merck & Co. Inc., GlaxoSmithKline plc., IG chem Ltd., Sk Bioscience, Shenzhen Kangtai biological products co. ltd., walvax biotechnology co. ltd., Pnuvax incorporated, serum institute of India Pvt. Ltd., Panacea biotech limited |
This chapter will help you gain GLOBAL Market Analysis of Pneumococcal Polysaccharide Vaccine. Further deep in this chapter, you will be able to review Global Pneumococcal Polysaccharide Vaccine Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Pneumococcal Polysaccharide Vaccine Market Trends North America Pneumococcal Polysaccharide Vaccine Technological Road Map North America Pneumococcal Polysaccharide Vaccine Market Drivers North America Pneumococcal Polysaccharide Vaccine Market Restraints North America Pneumococcal Polysaccharide Vaccine Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Vaccine Type Analysis 2019 -2031, will provide market size split by Vaccine Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Vaccine Type Analysis 2019 -2031
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Chapter 11 Market Split by Product Type Analysis 2019 -2031
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Chapter 12 Market Split by Sector Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Pneumococcal Polysaccharide Vaccine market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Pneumococcal Conjugate Vaccine have a significant impact on Pneumococcal Polysaccharide Vaccine market? |
What are the key factors affecting the Pneumococcal Conjugate Vaccine and Pneumococcal Polysaccharide Vaccine of Pneumococcal Polysaccharide Vaccine Market? |
What is the CAGR/Growth Rate of Prevnar 13 during the forecast period? |
By type, which segment accounted for largest share of the global Pneumococcal Polysaccharide Vaccine Market? |
Which region is expected to dominate the global Pneumococcal Polysaccharide Vaccine Market within the forecast period? |
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