Press release
Meningococcal Vaccines Market: In-Depth Analysis of Industry Growth Drivers, Restraints and Opportunities Is Done To Assist the Stakeholders to Understand the Various Factors Affecting the Market
Meningococcal vaccine is used to treat meningitis caused by N. meningitidis bacteria. Previously, there were no prior measures to prevent meningitis. After infection was confirmed using antibiotics along with nutritional supplements, the disease was treated. However, with the advent of the meningococcal vaccine, meningitis could be prevented. The global vaccine market is estimated at $ 24 billion in 2013. The worldwide increase in meningitis is a major driver of this market. As the awareness of the disease and its vaccine grows, the meningococcal vaccine market also grows. Maintaining a cold chain for vaccination increases immunization costs and is a major limiting factor in this market. The World Health Organization is promoting a meningitis prevention strategy and hopes to introduce this vaccine in 26 countries in Africa suffering from meningitis and hopes to develop the vaccine by 2016.Meningococcal vaccines types market analysis
The meningococcal vaccine market can be classified based on its types into quadrivalent, bivalent, serogroup A, serogroup B and serogroup X. Polysaccharide and conjugate are two types of quadrivalent vaccine. A new vaccine named Baxsero, a conjugate vaccine has been a huge success in prevention of meningitis.
Meningococcal vaccines geography market analysis
This market is classified based on its geography into North America, Europe, Asia-Pacific and rest of the world (RoW). North American market is the highest revenue generating region for this vaccine.
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Competitive Landscape
The major players in this market are Sanofi S.A., Novartis International, GlaxoSmithKline, Pfizer Inc., Serum Institute of India Ltd., JN-International Medical Corporation, Nuron Biotech, Baxter International and Biomed Pvt. Ltd. Novartis International with its new product is dominating the market. It has come up with a new vaccine named Baxsero, which has proved to be very beneficial in preventing meningitis. Pfizer Inc. is planning to target adolescent with their vaccine.
High level analysis
The report analyses global meningococcal vaccines market with the help of Porter’s five forces model. Porter’s model helps in analyzing the market players, new entrants in the market and the strategies adopted by them. In this market, the unavailability of substitutes result in high bargaining power of suppliers and low bargaining power of buyers. The meningococcal vaccine is a capital-intensive market; therefore, it is difficult for new entrants to enter the business. Market dynamics is analyzed for the benefit of the stakeholders.
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KEY BENEFITS
• Estimations are made by considering current market trends, and future potential investment for analysis period 2014-2020
• Benefits of meningococcal vaccines in prevention of meningitis are explained in the report
• In-depth analysis of market growth drivers, restraints and opportunities is done to assist the stakeholders in understanding the various factors affecting this market
• Macro environmental analysis of the market is done using Porter’s five forces model to analyze the various components of this industry.
• The market is analyzed based on its type and geography to help the stakeholders in understanding the market and its trends.
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