Pneumococcal Vaccines Market - Growth, Trends, and Forecast (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||922056|
|出版日期||內容資訊||英文 111 Pages
|全球肺炎球菌疫苗市場:成長，趨勢，及預測 Pneumococcal Vaccines Market - Growth, Trends, and Forecast (2020 - 2025)|
|出版日期: 2020年01月01日||內容資訊: 英文 111 Pages||
The pneumococcal vaccines market studied was projected to grow with a CAGR of nearly 7.5% over the forecast period. The major factor attributing to the growth of the market increasing the prevalence of pneumococcal contaminations. According to National Center for Immunization and Respiratory Diseases, each year in the United States, more than 250,000 people are hospitalized due to pneumonia and about 50,000 people die from the disease each year in the United States. Furthermore, the growing awareness programs initiated by the government are also boosting the market growth. Rising production of novel vaccines is also another major factor for market growth. However, the high cost involved in the production of vaccines, and the long duration for the process of production are the major drawbacks for market growth.
As per the scope of the report, Pneumonia is a type of acute respiratory illness that affects the lungs, in which the alveoli are filled with pus and fluid, which makes breathing painful and limits oxygen intake. This report is segmented by Vaccine Type, by Product Type, by Distribution Channel, and by Geography.
Pneumococcal conjugate vaccine segment expected to dominate throughout the forecast period.
North America Dominates the Market and Asia Pacific is expected to grow at a higher CAGR in the Forecast Period
North America is expected to dominate the overall market, throughout the forecast period. Factors such as the presence of key players and established healthcare infrastructure are the key factors accountable for its large share in the market. Furthermore, beneficial government initiatives and an increase in the number of research partnerships are some of the drivers expected to increase the market growth. The Asia Pacific is the fastest-growing region due to the high prevalence of pneumococcal infection. The major countries of this region have the highest-burden in the world and hence there is more need for vaccination to prevent the disease.
The pneumococcal vaccine market is highly consolidated and consists of a few players. Some of the companies which are currently dominating the market are GlaxoSmithKline plc, Pfizer Inc., CSL Ltd., Merck & Co., Inc., Serum Institute of India Pvt. Ltd., Sanofi Pasteur Inc.