#meningococcal vaccines market outlook

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Vaccines Market Estimated to be Worth $71.50 Billion in 2031

Meticulous Research®– a leading global market research company, published a research report titled ‘Vaccines Market Size, Share, Forecast, & Trends Analysis by Indication (Pneumococcal, Influenza, HPV, DTP, MMR, Hepatitis, COVID-19) Administration (IM, SC, Oral) Type (Inactivated, Combination) Valence (Multivalent, Monovalent) - Global Forecast to 2031.’

According to this latest publication from Meticulous Research®, the vaccines market is projected to reach $71.50 billion by 2031, at a CAGR of 2.3% during the forecast period. This market's growth is driven by a strong pipeline for vaccines, increasing government initiatives toward immunization, and technological advancements in the vaccine industry. Moreover, the rising prevalence of diseases, growing focus on therapeutic vaccines, and growth prospects in emerging markets are expected to offer growth opportunities for the players operating in this market.

However, the high costs involved in vaccine development and the long timelines of vaccine manufacturing restrain the market’s growth. Additionally, product recalls and inadequate access to vaccines pose challenges to the market’s growth.

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Key Players

The key players operating in the vaccines market are Sanofi (France), Merck & Co., Inc. (U.S.), GlaxoSmithKline plc (U.K.), Pfizer Inc. (U.S.), Johnson & Johnson (U.S.), Daiichi Sankyo Co., Ltd. (Japan), Takeda Pharmaceutical Company Limited (Japan), CSL Limited (Australia), Emergent BioSolutions Inc. (U.S.), and AstraZeneca PLC (U.K.).

Vaccines Market: Future Outlook

The vaccines market is segmented based on Indication (Pneumococcal Disease, Influenza, Human Papillomavirus (HPV), Diphtheria, Tetanus, and Pertussis (DTP), Meningococcal Disease, Measles, Mumps, and Rubella (MMR), Rotavirus, Poliomyelitis (Polio), Hepatitis, COVID-19, Other Indications), Route of Administration (Intramuscular, Subcutaneous, Oral, Other Route of Administration), Type (Subunit & Conjugate Vaccines, Inactivated Vaccines, Live-Attenuated Vaccines, Toxoid Vaccines, Combination Vaccines), and Valence (Multivalent and Monovalent Vaccines) and Geography. The study also evaluates industry competitors and analyzes their market share at global and regional levels.

Based on indication, the vaccines market is segmented into pneumococcal disease, influenza, human papillomavirus (HPV), diphtheria, tetanus, pertussis (DTP), meningococcal disease, measles, mumps, rubella (MMR), rotavirus, poliomyelitis (polio), hepatitis, COVID-19, and other indications. In 2024, the pneumococcal disease segment is expected to account for the largest share of the vaccines market. The large market share of this segment can be attributed to the rising incidence of pneumococcal diseases such as pneumonia, meningitis, febrile bacteremia, otitis media, and sinusitis; and the development of quality vaccines such as PPSV23.

Based on route of administration, the vaccines market is segmented into intramuscular (IM), subcutaneous (SC), oral, and other routes of administration. In 2024, the intramuscular (IM) segment is expected to account for the largest share of the vaccines market. The large market share of this segment can be attributed to the ease of intramuscular administration and quick absorption of vaccines administered through the intramuscular route. Further, due to the COVID-19 pandemic, there has been increased adoption of the intramuscular route of administration, as many COVID-19 vaccines are being administered through this route.

Based on type, the vaccines market is segmented into subunit & conjugate vaccines, inactivated vaccines, live-attenuated vaccines, toxoid vaccines, and combination vaccines. In 2024, the subunit & conjugate vaccines segment is expected to account for the largest share of the vaccines market. The large market share of this segment can be attributed to the subunit & conjugate vaccines’ long-term immunity, high safety, and stability compared to vaccines with other antigens.

Based on valence, the vaccines market is segmented into multivalent vaccines and monovalent vaccines. In 2024, the multivalent vaccines segment is expected to account for the larger share of the vaccines market. The large market share of this segment can be attributed to the launch of newer multivalent vaccines, increasing investments by key players in the R&D of multivalent vaccines, and technological advancements in the production of multivalent vaccines.

Geographic Review

This research report analyzes major geographies and provides comprehensive analysis for North America (U.S and Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America) and Middle East & Africa. In 2024, North America is estimated to account for the largest share of 41.2% of the vaccines market, followed by Europe and Asia-Pacific. North America’s major market share is attributed to the growing research & development, product launches, and the establishment of new facilities in the region by key players.

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Key Questions Answered in the Report:

Which high-growth market segments are in terms of indication, route of administration, type, valence, and regions/countries?

What was the historical market for vaccines across the globe?

What are the market forecasts and estimates for the period 2024-2031?

What are the major drivers, restraints, challenges, and opportunities in the vaccines market?

What is the competitive landscape like, and who are the market leaders in the vaccines market?

What are the recent developments in the vaccines market?

What strategies are adopted by the major players in the vaccines market?

What are the geographical trends and high-growth regions/countries?

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Global Strategies for Meningitis Prevention: Trends in the Meningococcal Vaccine Market

The global meningococcal vaccines market size is expected to reach USD 5.28 billion by 2030, registering a CAGR of 6.0% over the forecast period, according to a new report by Grand View Research, Inc. Increasing prevalence of meningitis is one of the major factors attributed to the market growth. For instance, according to ECDC, it was estimated that in 2017, 3,221 confirmed cases were observed in EU member states, wherein 58% cases were found in the U.K., France, Spain, and Germany. Moreover, a high incidence of meningitis disease is found in the “meningitis belt” of sub-Saharan Africa, and approximately 30,000 cases are reported every year in this region.

In addition, rising FDA approval for meningococcal vaccines is expected to boost the growth. For instance, in April 2020, Sanofi received FDA approval for its MenQuadfi Meningococcal Conjugate Vaccine for the prevention of invasive meningococcal disorders in individuals at least two years old. The increase in approval of novel vaccines is expected to improve meningococcal prevention which in turn, is anticipated to drive the market. 

Initiatives undertaken by the government to combat the rising incidence of the disease are anticipated to boost the meningococcal vaccine market growth. For instance, from April 2019, Nimenrix was made available for free as a part of the National Immunization Program (NIP) in Australia for the age group 15 to 19 years. Nimenrix is a quadrivalent meningococcal vaccine that targets serogroups A, C, W & Y. 

According to WHO, as of 2021, 24 of the 26 nations in the meningitis belt have introduced mass preventive campaigns targeting the age of 1 to 29 years. Moreover, around 13 nations have undertaken the vaccine in their national routine immunization programs. Such initiatives undertaken by countries having high disease burdens are expected to boost the market growth. 

Non-profit organizations entering into strategic initiatives such as partnering, alliances, and others to improve access to new vaccines for vulnerable children are anticipated to drive the market. For instance, in September 2021, WHO and its partners announced the first-ever global strategy to defeat meningitis. This initiative aims to reduce epidemics of bacterial meningitis. Under this strategy, WHO goals to save more than 200,000 lives annually. 

The availability of vaccines at lower prices in countries with an increasing prevalence of the meningococcal disease is anticipated to fuel the revenue of the manufacturers and drive the meningococcal vaccine market. For instance, under Meningitis Vaccine Project, MenAfriVac costs less than USD 0.5 per dose. 

Meningococcal Vaccines Market Report Highlights

Quadrivalent vaccines dominated for the largest revenue share of 51.1% in 2022 in type segment owing to their ability to target four serogroups and the strong presence of vaccines such as Menveo, Menactra, and Nimenrix

The infants (0-2 years) segment is expected to be the fastest-growing segment over the forecast period. The increasing prevalence of meningitis in the age group 9 months to 11 years contributed to the segment growth

Asia Pacific region is expected to witness the highest CAGR over the forecast period. High unmet needs, rising healthcare expenditure, and a large population base in this region are likely to bolster the market

Meningococcal Vaccines Market Segmentation

Grand View Research has segmented the global meningococcal vaccines market on the basis of type, brand, serotype, age group, sales channel, and region:

Meningococcal Vaccines Type Outlook (Revenue, USD Million, 2018 - 2030)

Bivalent

Quadrivalent

Others

Meningococcal Vaccines Brand Outlook (Revenue, USD Million, 2018 - 2030) (Volume, Number of Doses (In Thousands))

Menactra

Menveo

Nimenrix

Trumenba

Bexsero

Others

Meningococcal Vaccines Age Group Outlook (Revenue, USD Million, 2018 - 2030)

Infants (0 to 2 years)

Children And Adults (2 years & above)

Meningococcal Vaccines Serotype Outlook (Revenue, USD Million, 2018 - 2030) (Volume, Number of Doses (In Thousands))

Serotype A

Serotype B

Serotype C

Serotype W-135

Serotype Y

Meningococcal Vaccines Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)

Private

Public

Meningococcal Vaccines Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Europe

Germany

UK.

France

Italy

Spain

Russia

Belarus

Georgia

Moldova

Denmark

Sweden

Norway

Asia Pacific

Japan

China

India

Australia

Singapore

South Korea

Thailand

Vietnam

Malaysia

Indonesia

Kazakhstan

Kyrgyzstan

Armenia

Azerbaijan

Tajikistan

Turkmenistan

Uzbekistan

Latin America

Brazil

Mexico

Argentina

Chile

Cuba

Ecuador

Peru

Colombia

Venezuela

Middle East & Africa

Saudi Arabia

South Africa

UAE

Algeria

Egypt

Tunisia

Iran

Turkey

Iraq

Morocco

Kuwait

List of Key Players in Meningococcal Vaccines Market

Pfizer Inc.

Sanofi

Serum Institute of India Ltd.

GlaxoSmithKline plc.

Merck & co., Inc.

Walvax Biotechnology Co., Ltd.

Order a free sample PDF of the Meningococcal Vaccines Market Intelligence Study, published by Grand View Research.

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Hungarian Vaccines Market - Forecast(2024 - 2030)

Hungarian Vaccines Market Overview:

Vaccines are biological formulations taken to improve immunity against a specific disease. Vaccines are manufactured from weakened or killed disease-causing microorganisms. A vaccine recognizes the foreign invaders and releases the antibodies to destroy them and it also provides immunity against that particular disease in the future. Based on technology, the Hungarian vaccines market is segmented into live attenuated vaccines, inactivated vaccines, and Subunit & Recombinant vaccines. The market is also segmented based on disease indication and end user. The Hungarian vaccines market is estimated to grow at a CAGR of 4.55% during the forecast period2018--2023.  

Hungarian Vaccines Market Outlook

Vaccines are given to prevent the occurrence of diseases. Vaccines are considered one of the most cost-effective as well as preventive methods available to reduce mortality and morbidity after clean drinking water. It reduces hospitalization costs and healthcare expense. Huge reduction in number of hospitalization in the developed countries and increased mortality rate in developing countries have been observed due to vaccination against infectious diseases. On the basis of technology, the live attenuated vaccines segment dominates the market and is estimated to grow at a CAGR of 4.32%. Based on disease indication, the Influenza segment is projected to grow at the highest CAGR during the forecast period. 

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Hungarian Vaccines Market Growth Drivers 

The Hungarian Vaccines Market is largely driven by the growing number of key manufacturers of vaccines. Rising prevalence of chronic diseases in Hungary is also one of the factors for market growth. Increasing government initiatives to create more awareness about vaccination is another major driver for the growth of the vaccines market in Hungary. Due to government initiatives, there is also a provision for free vaccinations for obligatory vaccines. 

Hungarian Vaccines Market Challenges 

High cost of non-obligatory vaccines in Hungary is one of the factors constraining the growth of the vaccines market in Hungary. Complex manufacturing process is also one of the challenges for the country’s vaccines market. 

Hungarian Vaccines Market Research Scope

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on volume shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Hungarian Vaccines market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of vaccines by technology and vaccines by disease indication.

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Hungarian Vaccines Market Report: Industry Coverage 

By Technology: Live Attenuated Vaccines, Inactivated and Subunit Vaccines, Toxoid Vaccines. Conjugate Vaccines and Recombinant Vaccines

By Disease Indication: Pneumococcal Disease, DTP, Influenza, Human Papilloma Virus, Meningococcal Disease, Polio, and Rotavirus

By End User: Adults and Pediatrics

Hungarian Vaccines Market Key Players Perspective

Some of the key players in this market are Pfizer, Sanofi Pasteur, GlaxoSmithKline plc, and Merck & Co., .

Hungarian Vaccines Market Trends

Acquisitions was the dominant strategy adopted by the prominent players of Global Vaccines Market crediting up to 52% of the share of the total market followed by product launch.

GSK is expanding vaccine production in Hungary. The Hungarian vaccine unit will manufacture Infranix and Synflorix.

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Key Questions Addressed in the Hungarian Vaccines Market Report-

1. Is the market for Hungarian Vaccines Market growing? How long will it continue to grow and at what rate? 

2. Which type of Vaccine presents the major growth opportunities? 

3. Is there a possibility for change in the market structure over time? 

4. Are additional developments needed for the existing product offerings or do the existing products meet the customer demands? 

5. What is the current status of the Hungarian Vaccines Market? 

6. Which are the major relevant technology segments within the Hungarian Vaccines Market?

7. Which type of disease will witness heavy growth in the Hungarian Vaccines Market? 

8. What are the short-term, long-term, and medium-term growth drivers for the market? 

9. What are the short-term, medium-term, and long-term challenges for the market? 

10. What are the short-term, medium-term, and long-term opportunities for the market 

11. Who are the top players/companies of the market? 

12. What are the recent innovations in the market? 

13. How many patents have been filed by the leading players? 

14. What are the types of patents filed by the leading players? 

15. What is the futuristic scenario for the adoption of Vaccines? 

16. What is our Vision 2030 for the Hungarian Vaccines Market?

A few focus points of this Research are given below:

Give a deep-dive analysis of the key operational strategies with focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies

Provide an overview of the product portfolio, including product planning, development, and positioning

Discuss the role of technology companies in partnerships

Explore the regional sales activities

Analyze the market size and giving the forecast for current and future Global Vaccines Market during the forecast period 2018–2023

Analyze the competitive factors, competitors’ market shares, product capabilities, and supply chain structures

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IndustryARC Research Best Practices

The Hungarian Vaccines Market size is evaluated based on the number of products per organization type along with the varying price points pertaining to specific applications. These were identified as key informational conjectures for market estimation in 2017/2018.

The Hungarian Vaccines Market share is thoroughly checked against all data points that have been incorporated and rechecked against various data sources. Various C-level executives and key opinion leaders are contacted for verification of the data.

The Hungarian Vaccines Market forecast and growth rate are achieved by applying the time series forecasting methodology on the various factors. The market forecast and growth rate are further backed with historical trends of the market along with a regressive mathematical model that assesses the value based on factors such as capital expenditure, equipment lifespan, R&D investments, and so on.

The Hungarian Vaccines Market demand has been researched taking into account the prominent economies across the different cities to understand their corresponding impact on the market.

The Hungarian Vaccines Market drivers are evaluated for short-term, medium-term, and long-term based on the different market dynamics impacting the market.

The Hungarian Vaccines Market challenges are evaluated for short-term, medium-term, and long-term based on the different market dynamics impacting the market.

The Hungarian Vaccines Market outlook provides a brief overview of the market performance and anticipated change in market dynamics. 

The Hungarian Vaccines Market analysis also involves the identification of new companies that have entered the market scenario and their impact on the market dynamics in the future.

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Meningococcal Vaccine Market Outlook from 2024 to 2034

The Global Meningococcal Vaccines Industry is on track for a significant surge, driven by rising awareness and increasing vaccination programs. A recent report by Future Market Insights (FMI), a leading market research firm, forecasts a robust Compound Annual Growth Rate (CAGR) of 8.6% for the meningococcal vaccines market. This impressive growth trajectory is expected to propel the market valuation to a substantial US$3.9 billion by 2024.

In a recent report, FMI unveils groundbreaking insights, positioning the conjugate vaccines segment as the industry frontrunner, commanding an impressive 62.6% revenue share in 2021. This highlights the pivotal role of conjugate vaccines in shaping the market landscape and steering its overall success.

The anticipated growth in the Global Meningococcal Vaccines Industry reflects a collective effort towards enhancing global healthcare and preventing the spread of meningococcal diseases. With advancements in vaccine technologies and increasing awareness about the importance of immunization, the industry is set to play a pivotal role in safeguarding public health. Partnerships between the private sector and public institutions have been the chief agenda of global public health initiatives.

The last few years have witnessed an increase in several private-public partnerships specifically focussing on vaccine provision in developing countries. Partnerships like the International Coordinating Group on Vaccine Provision for Epidemic Meningitis Control (ICG) help magnify the vaccine outreach to remote areas of the world with the maximum need.

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Meningococcal Vaccines Market Size, Share, Outlook, and Opportunity Analysis, 2019– 2027

Three meningococcal vaccines are available in the U.S. that include meningococcal polysaccharide vaccine (MPSV4), meningococcal conjugate vaccine (MCV4), serogroup B meningococcal vaccine. The vaccine is administered to 11 to 12 year olds and a booster dose is given at 16 years of age. International travelers to Mecca for Hajj, sub-Saharan Africa, and other meningococcal epidemic prone areas require meningococcal vaccine.

The global Meningococcal Vaccines Market is estimated to account for US$ 3,341.9 Mn in terms of value and is expected to reach US$ 7,732.3 Mn by the end of 2027.

Global Meningococcal Vaccines Market: Drivers

Increasing number of travelers to Hajj is expected to propel growth of the global meningococcal vaccines market over the forecast period. For instance, according to Travelport Worldwide Ltd., Asia Pacific recorded the highest growth in flight bookings made through global distribution system to airports around Mecca in 2019, recording 5% increase in number of bookings.

Global Meningococcal Vaccines Market: Opportunities

R&D related to meningococcal vaccination is expected to offer lucrative growth opportunities for players in the market. For instance, in October 2019, researchers from The Children’s Hospital at Westmead, Australia, reported assessment of meningococcal vaccine uptake among Hajj pilgrims.

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Global Meningococcal Vaccines Market: Restraints

Maintenance of cold chains to deliver vaccines leads to high cost of vaccination, which is expected to hinder growth of the market. Maintaining the cold chain (which comprises a series of refrigerators, and ice-chilled carriers maintaining temperature between 2 degree Celsius and 8 degree Celsius for vaccine storage) is a major challenging task while delivering the vaccines to the needy, especially in the developing countries.

Key Takeaways:

The global meningococcal vaccines market was valued at US$ 2,965.9 Mn in 2019 and is forecast to reach a value of US$ 7,732.3 Mn by 2027 at a CAGR of 12.7% between 2020 and 2027. Major factor driving the growth of global meningococcal vaccines market during the forecast period is increasing prevalence of meningitis, and increasing government initiatives for increasing vaccinations.

Conjugate vaccines segment held dominant position in the global meningococcal vaccines market in 2019, accounting for 85.5% share in terms of value. Products approval for meningococcal conjugate vaccine candidates has supported growth of the segment. For instance, in December 2016, Pfizer Inc. received an European Commission (EC) approval for its expanded indication for Nimenrix (meningococcal group A, C, W-135, and Y conjugate vaccine), which is indicated for active immunization against invasive meningococcal disease (IMD).

Private distribution segment held dominant position in the global meningococcal vaccines market in 2019, accounting for 81.3% share in terms of value, followed by government distribution channel, respectively. Private vaccination centers charge for vaccines while government vaccine distribution centers provide vaccine for free/at low price through various immunization programs. This is expected to support growth of the segment over the forecast period.

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Market Trends

Domestic pilgrims of Hajj often miss the compulsory meningococcal vaccine. For instance, according to the study, ‘Meningococcal Vaccine for Hajj Pilgrims: Compliance, Predictors, and Barriers’, published in MDPI Tropical Medicine and Infectious Disease, in October 2019, 81.7% confirmed their meningococcal vaccination status, 13.4% did not receive the vaccine, and 4.8% were unsure.

Several state governments in the U.S. are mandating meningococcal vaccination. For instance, in January 2020, the Government of New Jersey, U.S., mandated college students to be vaccinated against bacterial meningitis as a condition for attending an institution.

Regulations

Canada

Health Canada launched a newly approved 4CMenB vaccine in all the provinces in late 2013. On an average, the cost of Novartis’s 4CMenB vaccine Bexsero is high i.e. US$ 100, but the reimbursement pattern is yet to be established.

Biologics and Genetic Therapies Directorate, in collaboration with Public Health Agency of Canada, conducts a pre-release test which includes quality of vaccine, safety and effectiveness. After extensive review of all supporting data, the vaccine receives marketing approval.

Global Meningococcal Vaccines Market: Competitive Landscape

Major players operating in the global meningococcal vaccines market include, Baxter International, Inc., Biomed Pvt. Ltd., GlaxoSmithKline plc, JN-International Medical Corporation, Novartis International AG., Pfizer, Inc., Sanofi SA, and Serum Institute of India Ltd.

Global Meningococcal Vaccines Market: Key Developments

January 2020: GlaxoSmithKline plc funded study ‘Meningococcal B Vaccine and Meningococcal Carriage in Adolescents in Australia’, published in the New England Journal of Medicine, reported that the 4CMenB vaccine had no discernible effect on the carriage of disease-causing meningococci, including group B among Australian adolescents.

September 2019: Baxter International Inc. attended the Morgan Stanley 17th Annual Global Healthcare Conference in New York, U.S.

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Impact of COVID-19 Analysis: Meningococcal Vaccines Market Growth & Demand | Forecast – 2025

Meningococcal Vaccines Market driven by the Increasing rising prevalence of meningitis. The global industry is segmented on the basis of treatment, end user, and region - Forecast till 2025. The report is published by Market Research Future (MRFR)

Meningococcal Vaccines Market Overview 

The global Meningococcal vaccines market showcases the rising cases of this disease with the increasing demand for vaccines. According to the report, almost 10 to 15 in 100 people get affected with meningococcal disease. The escalation in positive result cases and the need for vaccines is boosting its demand in the global market. The Meningococcal vaccines market has risen upto USD 172 million in the year 2019 and the global supply is estimated to be 203 million doses for the forecast period till 2025.  

Despite broad and effective commitment from the global health community in meningitis A (MENA) vaccination in the meningitis belt, low manufacturing capacity and high prices across other meningococcal vaccine types have hindered access to these vaccines over the past several years. A more in-depth knowledge will benefit addressing these long-standing access issues and the development of the WHO global roadmap for overcoming meningitis by 2030. This is expected to set goals for disease control and vaccination for meningococcal meningitis on a global level.

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Meningococcal Vaccines Market Key Players

Some of the key players in the Global Meningococcal Vaccines Market are Baxter International, Pfizer Inc., Novartis Pharmaceuticals Canada Inc, Sanofi S.A., JN-International Medical Corporation, Biomed Pvt. Ltd., Serum Institute of India Ltd., and GlaxoSmithKline among others.

Market Segmentation 

The global Meningococcal vaccines market is a booming market with a lot of investment and developments. The Global Meningococcal Vaccines Market has been segmented based on treatment and end-user.

Based on the treatment, the global product market can be divided into polysaccharide, meningococcal A conjugate vaccine, and subcapsular vaccine. The meningococcal conjugate vaccine is mostly used in mass campaigns in affected regions of Africa. Since 2010, the demand for such vaccines has been uncertain, based on the national immunization programs that are being adopted based on the country’s effectiveness and readiness to tackle the disease. Moreover, the demand and supply for Subcap MenB vaccines is a desirable combination that will moderate the global product scenario. 

By the end-user, the global vaccine market can be split into research laboratories, hospital and clinical, and academic institutes. The hospitals and clinics segment holds major share in the global market for meningococcal vaccines.

Regional Analysis 

In the global market, China is expected to have the largest market share, which accounts for approximately 35% of the global demand. This is primarily due to polysaccharide products, which currently comprise 84% of China’s demand.

During 2016-2018, UNICEF introduced the meningococcal conjugate vaccine in 26 countries and Ghana was the first country in Africa to receive this vaccination. Currently, the meningococcal vaccine has reached across different regions, in the most remote locations, and has increased in demand and supply in the global market.  

Meningococcal Vaccines Market Industry News 

In 2018, Pfizer granted FDA Breakthrough Therapy designation for Trumenba (Meningococcal Group B Vaccine). This vaccine plays a major role in the prevention of invasive meningococcal B disease in children aged 1 to 9 years.

In 2018, GSK’s (GlaxoSmithKline) meningitis B vaccine Bexsero received breakthrough therapy designation from the US FDA for prevention of Invasive Meningococcal Disease for children 2-10 years of age.

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Global Metabotropic Glutamate Receptor Market Size, Share and Trends: Ken Research

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The global Metabotropic Glutamate Receptor market was valued at .98 Million USD in 2020 and will grow with a CAGR of 12.17% from 2020 to 2027, based on HNY Research newly published report.

The prime objective of this report” Global and Regional Metabotropic Glutamate Receptor Industry Status and Prospects Professional Market Research Report Standard Version 2021-2027” is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Meningococcal conjugate vaccine is used to prevent infection caused by meningococcal bacteria.

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By Market Verdors:

Serum Institute (India)

Sanofi SA (France)

Pfizer (USA)

Nuron Biotech (USA)

JN-International Medical (USA)

By Types:

Polysaccharide Vaccines

Conjugate Vaccines

Combination Vaccines

Men B Vaccines

By Applications:

Meningitis

Septicemia

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market's competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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[healthcare-market]

Meningococcal Vaccines Market : Emerging Trends, Business Growth Opportunities, Major Driving Factors

Meningococcal meningitis has arisen as one of the major health concerns among the public. The disease results in death, and if one survives, it leaves severe after-effects on patients. Healthcare professionals provide cost-effective and efficient treatment across the globe. Meningococcal vaccines are used for the prevention of meningitis. These vaccines are effective for different types of meningococcus, such as type A, B, C, Y, and W-135. These vaccines work efficiently for a minimum period of 2 years and are 80-100% effective. It leads to the growth in the meningococcal vaccines market.

Children less than five years of age are highly vulnerable to the ailment. Neurological disorders are one of the long-term sequelae among young children. Further, 15-19 years of adolescents are also susceptible to the disease. The market forecast on meningococcal vaccines market is expecting a cumulative annual growth rate (CAGR) of 12.9% during the forecast period from 2018 to 2026. By the end of 2026, the valuation of the meningococcal vaccines market is anticipated to grow at US$ 9.9 Bn.

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Meningococcal Vaccines Market – Government Regulations and Key Driving Factors Propelling Market Growth

The market insights on meningococcal vaccines market has figured out that the major companies working such as GlaxoSmithKline is concentrating to develop the vaccine catering to public requirements.  They are controlling the disease transmission rates. Effective public-private partnership in the meningococcal vaccines market will support vaccine development at an economical rate. It will also curb the frequent emergency visits due to the disease.

The key trend on meningococcal vaccines market has asserted that awareness campaigns and education are fueling the growth. These campaigns and programs are mainly conducted by non-profit organizations, vaccine manufacturing companies, and government bodies and benefit a larger audience against bacterial meningitis. Further, government interventions, for example – legislative approval to impose immunization regulations for school students related to specific age groups, will fuel the meningococcal vaccines market growth. Strict regulations are imposed for Hajj pilgrims and sub-Saharan travelers to contribute in the meningococcal vaccines market. These regulations are contributing to the increased demand /for meningococcal vaccines among non-profit organizations.

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However, the parents of infants and young children in developing countries are unaware of the importance of the pathogenesis of the disease meningococcal meningitis.  They do not know about the respective vaccines that are part of the national immunization schedule. That’s why they fail to gain from meningococcal vaccination programs conducted by government bodies. It is hampering the demand for these vaccines, particularly among toddlers and children.

The awareness gap is a crucial component that leads to a decline in the growth curve in the meningococcal vaccines market. But North America is experiencing subsequent growth with the appropriate Awareness Program and Immunization Programs.

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Meningococcal Vaccines Market – Regional Outlook and Public Healthcare

The analysis on meningococcal vaccines market has determined that North American market holds an eminent play in revenue generation for vaccine manufacturers. There is a substantial reduction in meningitis cases in North America and Europe. It is possible with the effective application of government regulations and awareness campaigns there.

The Asia Pacific market is anticipated to rise at a significant rate from 2018 to 2026. The frequent outbreaks of meningococcal disease, increasing importance of preventive measures to fight the disease, and subsequent growth rate in the region are cumulatively driving the growth in the Asia Pacific region. It is also driving growth in the meningitis vaccines market.

Some of the popular market players in the meningitis vaccines market are GlaxoSmithKline plc, JN-International Medical Corporation, Baxter International, Sanofi SA, Biomed Pvt. Ltd., Nuron Biotech, Serum Institute of India Ltd., Novartis International, and Pfizer Inc.

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[insightslicelive]

Meningococcal Vaccine Market 2021 Covering Major Driving Factors and Competitive Outlook till 2031

Meningococcal Vaccine Market 2021 Covering Major Driving Factors and Competitive Outlook till 2031

  This Meningococcal Vaccine market report depicts the global market performance in terms of market size and revenue, real time industry movements and developments. The research report gives a direction to the user’s business strategy. It combines different research tools to help market participants in getting high potential opportunities. The qualitative and quantitative information included in…

[marketglobalresearchreport]

Global Vaccine Conjugate Market 2021 Sales Data with Industry Analysis, Trend, Forecast to 2027

The recently Published Report titled Global Vaccine Conjugate Market 2021 Sales Data with Industry Analysis, Trend, Forecast to 2027 by Axel Reports offers a comprehensive picture of the market from the global view point as well as a descriptive analysis with detailed segmentation, complete research and development history, latest news, offering a forecast and statistic in terms of revenue during the forecast period from 2021-2027. The report covers a comprehensive analysis of key segments, recent trends, competitive landscape, and key factors playing a substantial role in the market are detailed in the report. The report helps vendors and manufacturers to understand the change in the market dynamics over the years.

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Global Market Segmentation by Top Key-Players: Pfizer Zhifei Biologic Merck GSK Bharat Biotech Sanofi Royal (Wuxi) Bio-Pharmaceutical Walvax Biotechnology

NOTE: Consumer behaviour has changed within all sectors of the society amid the COVID-19 pandemic. Industries on the other hand will have to restructure their strategies in order to adjust with the changing market requirements. This report offers you an analysis of the COVID-19 impact on the Vaccine Conjugate market and will help you in strategising your business as per the new industry norms.

Report offers: 1. Insights into the intact market structure, scope, profitability, and potential. 2. Precise assessment of market size, share, demand, and sales volume. 3. Authentic estimations for revenue generation and Vaccine Conjugate Market development. 4. Thorough study of Vaccine Conjugate Market companies including organizational and financial status. 5. Perception of crucial market segments including, forecast study. 6. Acumen of upcoming opportunities and potential threats and risks in the market.

Market segments by Types of, the report covers- Hib Vaccine Meningococcal Vaccine Pneumococcal Vaccine Others Market segments by Applications of, the report covers- Children Adult

The report diversifies the global geographical expanse of the market into five prominent regions as:

North America (United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Key Elements Discussed In The Report: The report then discusses important dynamics on the business drivers that have a major impact on the performance are given in the report. The business drivers are important to the business operations and financial results of the industry. All the drivers are determined in the research study using market analysis. The report is comprehensive coverage of the existing and potential markets along with their assessment of their competitive position in the changing market scenario. It scrutinizes in-depth global market trends and outlook coupled with the factors driving the global Vaccine Conjugate market, as well as those hindering it.

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Moreover, the report throws light on the pinpoint analysis of global Vaccine Conjugate market dynamics. It also measures the sustainable trends and platforms which are the basic roots behind the market growth. With the help of SWOT and Porter’s five analysis, the market has been deeply analyzed. Consumer behavior is assessed with respect to current and upcoming trends. The report takes a detailed note of the major industrial events in past years. These events include several operational business decisions, innovations, mergers, collaborations, major investments, etc.

Customization of the Report: This report can be customized to meet the client’s requirements. Please connect with our sales team ( sales@axelreports.com), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +18488639402 to share your research requirements.

ABOUT Axel Reports:

Axel Reports has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the world’s most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.

Contact: Axel Reports Akansha G (Knowledge Partner) Office No- P 221 Pune, Maharashtra 411060 Phone: US +18488639402 Web: https://axelreports.com/

[rahulp3]

Meningococcal Vaccines Market Size 2022 Investment, Industry Growth, Share and Analysis by Segment, Business Opportunity, Key Regional Outlook 2032

Over the forecast period, the market for meningococcal vaccines is anticipated to grow at a CAGR of 8.6%, reaching US$ 3.4 Bn in 2022. According to Future Market Insights (FMI), the conjugate vaccines segment held a 62.6% revenue share of the market in 2021.The global meningococcal vaccines market is expected to grow at an 8.6% CAGR during the forecast period, reaching US$ 3.4 billion in 2022. According to Future Market Insights (FMI), the conjugate vaccines segment will have a 62.6% revenue share in 2021.Partnerships between the private sector and public institutions have been the chief agenda of global public health initiatives.The last few years have witnessed an increase in several private-public partnerships specifically focussing on vaccine provision in developing countries. Partnerships like the International Coordinating Group on Vaccine Provision for Epidemic Meningitis Control (ICG) help magnify the vaccine outreach to remote areas of the world with the maximum need.The governments of several countries across the globe initiate immunisation programmes periodically and these programmes are backed by global organisations such as UNICEF and WHO and private not for profits like the Global Alliance for Vaccines and Immunization (GAVI).

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A classic example of how private-public partnerships are helping boost vaccination programmes across deep regional pockets is Brazil.In 2010, Ezequiel Dias Foundation, Brazil formed a strategic alliance with Novartis Vaccines & Diagnostics for the sustainable supply of Menjugate MenC vaccines for Brazil’s National Immunization Program. By 2015, Brazil became self-sufficient in the production of the meningococcal C conjugated vaccine for the country’s public vaccination programmes. Such initiatives at the global level are anticipated to support global immunisation goals and at the same time boost growth of the meningococcal vaccines market.Key Companies Profiled:Sanofi Pasteur Inc.GlaxoSmithKline PlcWyeth PharmaceuticalsBio-ManguinhosBio-Med Pvt. LimitedChongqing Zhifei Biological Products Co., Ltd.Hualan Biological Engineering Inc.Incepta Pharmaceuticals Ltd.Pfizer INCSerum Institute of India Pvt. LtdWalvax Biotechnology Co., Ltd.Factors Leading to Worldwide Adoption of Meningococcal Vaccination ProgrammesThe global meningococcal vaccines market is expected to be driven by enhanced access to vaccines in low and middle-income countries, growing investments by manufacturers and governments to cope with pandemic meningitis outbreaks, and rapidly growing consumption of meningococcal vaccines bolstered by immunisation alliances and mass vaccination campaigns among others.Partnerships and alliances between manufacturers and governmental healthcare organisations are facilitating the speedy introduction of vaccines in some of the economically challenged countries of the Middle East and Africa region. Enhanced access to vaccines in under-penetrated global markets is expected to accelerate revenue growth of the global meningococcal vaccines market.Approval of new vaccines in the U.S and Europe in 2015 and 2017 to treat meningococcal meningitis has revolutionised the global immunisation landscape. This is further boosting the growth trajectory of the global market for meningococcal vaccines.

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GlaxoSmithKline to Lead the Global Meningococcal Vaccines Market with About 50% Market Share Recorded in 2017The global meningococcal vaccines market is highly consolidated, with GlaxoSmithKline and Sanofi together holding about 80% of the global market share in 2017. Pfizer is the third largest company in this market with just under 12% market share in 2017.Companies are expanding their production capacities through the acquisition of established vaccines production units of other global or local companies.Sanofi has a huge pipeline of 17 active meningococcal vaccines programmes and is targeting emerging markets; while GlaxoSmithKline has 5 active pipeline programmes for meningococcal vaccines, all of which are in the phase II clinical stage. Addition of the vaccine Bexsero has enabled GlaxoSmithKline to defend its brand against Sanofi’s aggressive portfolio in the paediatric vaccines space.Why Future Market Insights?Comprehensive analysis on evolving purchase pattern across different geographiesDetailed insights of market segments and sub-segments for historical as well as forecast periodA competitive analysis of prominent players and emerging players in the keyword marketDetailed information about the product innovation, mergers and acquisitions lined up in upcoming yearsGround breaking research and market player-centric solutions for the upcoming decade according to the present market scenarioKey Market Segments Covered in Meningococcal Vaccines Industry ResearchBy Product:PolysaccharideConjugateBy Age Group:InfantsChildrenAdolescents & young AdultsAdultsBy Distribution Channel:PharmaciesCommunity ClinicsPublic Health AgenciesOthers (hospital pharmacy, private market etc.)

[ramshariraut]

"Meningococcal Vaccination  Market Industry Outlook, by Top Key Players: GlaxoSmithKline,Serum Institute of India,Sanofi,JN-International Medical,Biomed,Novartis International,Baxter International,Pfizer "

Global Meningococcal Vaccination  Market, Geography (North America (United States, Canada and Mexico), South America (China, Japan, Korea, India and Southeast Asia), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), Middle East and Africa (Saudi Arabia, Egypt, Nigeria and South Africa)) Industry Trends 2021-2028

<strong>Market overview</strong> This market report on Meningococcal Vaccination   can help the companies to make crucial business plans on production techniques, raw materials procurement, and to increase the industry chain cycle of the market globally. The case study report on Meningococcal Vaccination   is a brief history and a detailed assessment of the Meningococcal Vaccination   market 2021 including key company profiles, and overall competitive scenario, key market trends, upcoming technologies, industry drivers, challenges, regulatory policies.

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<strong>Methodology</strong> The research work involved the usage of both primary and secondary data sources. The research methods involved the study of many points affecting the industry, including government guidelines, market surroundings, combative landscape, past data. Primary and Secondary research are the two methods that are used for the survey purpose. The primary sources consist of having interviews with many industry experts, suppliers, and other specialists. The secondary sources consist of an analysis of empirical data from press releases, government-designed websites, yearly reports of the companies, and other related documents. Other fields of the examination are modern shifting in the market, technological invention, upcoming technologies, and the technical enhancement in related industries, market risks, opportunities, hindering, and risks in the operating market. The Data acquirement phase involves gathering and merging market information and data related with the help of various sources and research processes. Structured databases such as D&B Hoover and Bloomberg are used which helps to recognize the competitive environment of top market players along with profile details.

<strong>Regional Analysis</strong> Any type of report on Meningococcal Vaccination   is a highly valuable and important tool for any business association regardless of the scale on which it operates in the sector. It provides a source to track and examine the performance and overall condition of the business while also identifying fields that has the scope for improvement for the better functioning of the organization. A well-prepared business report also holds great value as it suggests preventive measures that need to be done to avoid the business fails to meet the desired targets and thus helps to recover from the adversities. An annual report on Meningococcal Vaccination   prepared in the company is an effective tool for providing employees, investors, and other clients with a complete picture of their business.

<strong>Customization of the Report: </strong> The customized report is provided by our consultancy at a reasonable price. We provide updated information according to the requirements of the customers in the market world.

<strong>Top Listed Companies in the Meningococcal Vaccination  Market Include</strong>

GlaxoSmithKline,Serum Institute of India,Sanofi,JN-International Medical,Biomed,Novartis International,Baxter International,Pfizer

<strong>Reasons to buy this Report:</strong> It helps in understanding the major key product segments. This report throws on Meningococcal Vaccination   light on the dynamics of the market such as drivers, restraints, trends, and opportunities. It offers the regional analysis of Meningococcal Vaccination   Market along with business profiles of several stakeholders in the research market. It offers massive data about trending factors that will influence the progress of the Meningococcal Vaccination   Market. It offers an in-depth analysis of the changing competitive scenario in the Meningococcal Vaccination   market of the research industry.

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<strong>Benefits:</strong> 1. Well updated information. 2. Statistical report provided. 3. Discount offer in customization. 4. Service at the global level. 5. Company research report provided.

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<strong>Frequently Asked Questions?</strong> Q1. What is the total market value of the Meningococcal Vaccination  market report? Q2. What would be the forecast period in the Meningococcal Vaccination  market report? Q3. What is the base year considered in the Meningococcal Vaccination   market report? Q4. Which are the top companies hold the market share in the Meningococcal Vaccination   market ? Q5. Which is expected to be the fastest growing segment in the Meningococcal Vaccination   market? Q6. Which market holds the maximum market share of the Meningococcal Vaccination   market ? Q7. How the company profile has been selected? Q8. What will be the market value of the Meningococcal Vaccination  market in 2028?

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