According to the report, the global pediatric vaccine market was approximately USD 27.45 billion in 2018 and is expected to generate around USD 56.28 billion by 2025, at a CAGR of around 10.8% between 2019 and 2025.
New York, NY, Aug. 13, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Pediatric Vaccine Market By Vaccine Type (Monovalent and Multivalent), By Administration Method (Oral, Intramuscular, and Subcutaneous), By Disease Type (Meningococcal Disease, Hepatitis, Influenza, Polio, Pneumococcal Disease, DTP, MMR, Dengue, Rotavirus, HPV, Varicella, Herpes Zoster, and Others), By Technology (Recombinant Vaccines, Inactivated Vaccines, Conjugate Vaccines, Toxoid Vaccines, and Live Attenuated Vaccines), and By End-User (Hospitals, Healthcare Providers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global pediatric vaccine market was approximately USD 27.45 billion in 2018 and is expected to generate around USD 56.28 billion by 2025, at a CAGR of around 10.8% between 2019 and 2025.
Pediatric vaccines protect children from complications and serious illnesses, which could lead to paralysis, brain damage, amputations, and even death. The growing prevalence of preventable diseases occurs when parents do not administer vaccinations on a timely basis. Organizations like the American Academy of Family Physicians, the American Academy of Pediatrics, and the Centers for Disease Control and Prevention administer the regulations and schedules for recommended vaccinations. Vaccine-preventable diseases, such as whooping cough, measles, and mumps, affect millions of children globally and can even lead to deaths, long-term hospitalizations, and severe paralysis if left untreated.
Browse through 88 Tables & 48 Figures spread over 126 Pages and in-depth TOC on “Global Pediatric Vaccine Market Size, Share 2018: Industry Type, End-User, Technology, Growth, Segments, Analysis and Forecast to 2025”.
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The immune system, which is composed of organs, cells, fluids, and glands, recognizes the germs, called antigens, and produces large Y-shaped proteins called antibodies to fight them. For example, mumps vaccine contains the mumps virus. The antigens in these vaccines are either weakened or killed, to prevent the disease from infecting the body further. The global pediatric vaccine market is driven by increasing geriatric base, rising prevalence of infectious diseases, and growing disposable income of the global population. The rising number of immunization programs globally and the increasing awareness about the importance of preventive care during childhood are also fuelling this market.
The global pediatric vaccine market is divided based on disease type, vaccine type, administration method, technology, and end-user. By vaccine type, the market includes monovalent and multivalent vaccines. Monovalent vaccines develop a rapid immune response and are more stable than multivalent vaccines. Multivalent vaccines are showing improved growth due to the development of tetravalent, hexavalent, and pentavalent vaccines. Based on technology, the market comprises recombinant vaccines, inactivated vaccines, conjugate vaccines, toxoid vaccines, and live attenuated vaccines. Conjugate vaccines have the maximum demand, due to the rising incidences of meningococcal and pneumococcal infections. The disease type segment consists of dengue, pneumococcal disease, hepatitis, MMR (measles, mumps, and rubella), varicella, polio, influenza, DTP, herpes zoster, rotavirus, human papilloma virus, meningococcal disease, and others. The method segment of the pediatric vaccine market includes oral, subcutaneous, and intramuscular. Hospitals, healthcare providers, and others are the various end-user of the pediatric vaccine market.
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North America is witnessed to be a significant contributor to the pediatric vaccine market globally, due to the increasing number of hospitals, developing insurance sector, and favorable government regulations. Organizations like the American Academy of Family Physicians, the American Academy of Pediatrics, and the Centers for Disease Control and Prevention administer the regulations and schedules for recommended vaccinations across the region. The Canadian government updates the vaccination schedule for children and works with the Canadian Immunization Committee (CIC) and the Canadian Nursing Coalition for Immunization (CNCI) to improve the country’s healthcare facilities.
The European pediatric vaccine market is growing owing to the ease of operability, efficient resource planning, presence of a large number of pharmaceutical companies, and rising government funding. All this makes facilitates quick and easy sourcing of vaccines. Patients prefer to the preventive care route rather than spend a lot later, which is also driving the region’s pediatric vaccine market. The U.K., France, and Germany have established several companies that are aiding various vaccine-related R&D activities in the region.
Browse the full “Pediatric Vaccine Market By Vaccine Type (Monovalent and Multivalent), By Administration Method (Oral, Intramuscular, and Subcutaneous), By Disease Type (Meningococcal Disease, Hepatitis, Influenza, Polio, Pneumococcal Disease, DTP, MMR, Dengue, Rotavirus, HPV, Varicella, Herpes Zoster, and Others), By Technology (Recombinant Vaccines, Inactivated Vaccines, Conjugate Vaccines, Toxoid Vaccines, and Live Attenuated Vaccines), and By End-User (Hospitals, Healthcare Providers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/pediatric-vaccine-market
The Asia Pacific pediatric vaccine market will register the highest CAGR in the future, owing to the rapidly growing pediatric vaccine demand, increasing the disposable income of the regional population, rising healthcare expenditure, escalating awareness about infections, easy availability of vaccines, and positive government initiative to create vaccine awareness. There are rising incidences of infectious diseases like tuberculosis in Asian countries. The developing nations of India and China have started manufacturing and selling vaccines in the international market.
The Middle East and Africa represents an immature regional market for pediatric vaccines, which is projected to grow at a slow pace over the forecast time period. However, the regional governments are taking various initiatives to increase regional awareness about different vaccines. Latin America is projected to exhibit moderate growth in the pediatric vaccine market over the forecast timeframe.
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Some key players operating in the global pediatric vaccine market are Mitsubishi Tanabe Pharma, Astellas Pharma, Johnson & Johnson, Pfizer, CSL Limited, GlaxoSmithKline, Serum Institute of India, Panacea Biotec, Daiichi Sankyo, and Merck.
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This report segment the global pediatric vaccine market into:
Global Pediatric Vaccine Market: By Vaccine Type
- Monovalent Vaccines
- Multivalent Vaccines
Global Pediatric Vaccine Market: By Disease Type
- Meningococcal Disease
- Pneumococcal Disease
- MMR (Measles, Mumps, and Rubella)
- Human Papilloma Virus (HPV)
- Herpes Zoster
Global Pediatric Vaccine Market: By Technology
- Recombinant Vaccines
- Inactivated Vaccines
- Conjugate Vaccines
- Toxoid Vaccines
- Live Attenuated Vaccines
Global Pediatric Vaccine Market: By Administration Method
Global Pediatric Vaccine Market: By End-User
- Healthcare Providers
Global Pediatric Vaccine Market: By Region
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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