Below are some of the key findings from the pediatric vaccines market analysis report
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Global Pediatric Vaccine Industry Overview
Strong late-stage pipeline and new drug approvals are critical factors that will drive the growth of the pediatric vaccines market. There is a significant number of monotherapy and combination therapy-based vaccines with high potential to prevent many allergies and infectious diseases in children. These vaccines are in the last stages of development, and their potential can be determined through the results of clinical trials. As a result, they have high chances of getting approved and entering the market for pediatric health in the forthcoming years, thus improving the vaccination rate. Furthermore, the recently approved vaccines for pediatric health are also driving the market growth.
Vaccines are the most effective medical intervention that provides promising results for the reduction of mortality rates. There are several unmet medical conditions such as tuberculosis, Ebola, cancer, HIV, malaria, dengue, H1N1, H5N1, and allergic conditions. The growing focus on the development of vaccines for these unmet medical conditions will further promote vaccination for pediatric health. This will drive the pediatric vaccines market to grow at a CAGR of over 7% during the forecast period. The leading manufacturers are using nucleic acids, vectors, structure-based antigen design, and adjuvants to develop novel pediatric vaccines. This is made possible through significant advancements in computational biology and molecular biology.
Top companies covered in the pediatric vaccines market research report
The pediatric vaccines market is moderately concentrated. To help clients improve their market position, the report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, the market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.
The report offers a detailed analysis of several leading pediatric vaccine companies, including:
- CSL Limited
- GlaxoSmithKline plc
- Merck & Co., Inc.
- Pfizer Inc.
- Sanofi
Pediatric vaccines market segmentation based on geographic regions
- Asia
- Europe
- North America
- ROW
North America will hold the highest market share of the market throughout the forecast period. The growing incidence of infectious diseases, availability of reimbursement schemes, government initiatives, and new vaccine approvals are some of the primary reasons for the high growth of the pediatric vaccines market in the region.
Pediatric vaccines market segmentation based on product
- Conjugate vaccines and others
- Live-attenuated vaccines
- Toxoid vaccines
- Inactivated vaccines
The conjugate vaccines and others market segment will account for the highest share of the pediatric vaccines market as vaccines under the segment are the most advanced in terms of composition as well as the immune response they generate in the body. The increasing use of conjugate vaccines for children, rising number of regulatory approvals for conjugate vaccines, and prevalence of infectious diseases are the major drivers for the growth of the segment. The report provides an accurate prediction of the contribution of all the segments to the growth of the pediatric vaccines market size.
Key highlights of the global pediatric vaccines market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the pediatric vaccines market during the next five years
- Precise estimation of the global pediatric vaccines market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industry across various geographies such as Asia, Europe, North America, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of the companies
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