Press release
Pneumococcal Vaccine Market 2023 - Trends, Size, Share, Growth Status And Forecast 2032
Pneumococcal Vaccine Market
The Business Research Company's Pneumococcal Vaccine Global Market Report 2023 identifies increasing prevalence of pneumococcal contamination as the major driver for the Pneumococcal Vaccine market's growth in the forecast period. Pneumococcal contamination refers to any infection caused by bacteria called Streptococcus pneumoniae or pneumococcus, such as pneumonia, bloodstream infections, ear infections, and sinus infections.
The global pneumococcal vaccine market size is expected to grow from $7.92 billion in 2022 to $8.47 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of pneumococcal vaccine market is expected to reach $10.66 billion in 2027 at a CAGR of 5.9%.
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Major competitors in the Pneumococcal Vaccine market are Pfizer Inc., Johnson & Johnson, Merck & Co. Inc., Novartis International AG, Sanofi S.A., AstraZeneca plc.
A key trend in the Pneumococcal Vaccine market includes product innovations. Major companies operating in the pneumococcal vaccine market are developing new products with unique features to sustain their position in the market. For instance, in December 2020, Serum Institute of India Pvt. Ltd., an India-based vaccine manufacturer, launched PNEUMOSIL to fight against pneumococcal pneumonia among children. PNEUMOSIL (Pneumococcal Conjugate Vaccine - Adsorbed, 10 Valent) is a well-designed vaccine with relevant serotypes that is less expensive than existing PCVs and provides equivalent protection by targeting the most common serotypes of the bacterium that causes significant illness.
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The Pneumococcal Vaccine market is segmented -
• By Product Type: Prevnar 13, Synflorix, Pneumovax23, Other Products
• By Route of Administration: Intravenous, Intramuscular, Subcutaneous
• By Distribution Channel: Pharmacies, Community Clinics, Public Health Agencies, Other Distribution Channels
• By End User: Pediatrics, Adults
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Pneumococcal Vaccine market.
The Business Research Company's "Global Pneumococcal Vaccine Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Pneumococcal Vaccine Market Include:
1. Executive Summary
2. Pneumococcal Vaccine Market Characteristics
3. Pneumococcal Vaccine Market Trends And Strategies
4. Pneumococcal Vaccine Market - Macro Economic Scenario
5. Global Pneumococcal Vaccine Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……………………………………….
32. Global Pneumococcal Vaccine Market Competitive Benchmarking
33. Global Pneumococcal Vaccine Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pneumococcal Vaccine Market
35. Pneumococcal Vaccine Market Future Outlook and Potential Analysis
36. Appendix
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