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Global Pediatric Vaccine Market - Trends and Growth Factors Expanding CAGR of 12.3% and 13.4%
Pediatric Vaccine Market Size
What Is The Projected Market Size Of The Global Pediatric Vaccine Market And Its Growth Rate?
• The pediatric vaccine market size increased swiftly to rise from $45.9 billion in 2024 to $51.56 billion in 2025 at a CAGR of 12.3%.
• The growth from 2024 to 2025 can be attributed to increased prevalence of chronic diseases, immunization policies to eradicate endemic diseases, and increased funding for vaccine development.
• The pediatric vaccine market size is expected to mount to $85.3 billion in 2029 at a CAGR of 13.4%.
• The forecasted growth can be attributed to increasing cases of invasive cervical cancer, strong late-stage pipeline and new drug approvals, and the increasing prevalence of infectious diseases in children.
What Is Driving The Growth In The Pediatric Vaccine Market?
The escalating occurrence of chronic diseases such as tuberculosis, diphtheria, and pneumonia particularly in the age group of 15 years and below is leading to the growth of the pediatric vaccines market. Besides, the heightened risk of severe disease outcomes and complications of infectious diseases are increasingly seen in children and adolescents with chronic health conditions, thereby attributing to the market growth. In line with this, as per the Australian Bureau of Statistics in March 2022; nearly half of the overall population (46.6% or 11.6 million people) had at least one chronic condition. The surged incidences of chronic conditions among children have increased the need for diagnosing and treating such diseases further leading to the growth of the pediatric vaccine market.
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Who Are the Key Players Driving Pediatric Vaccine Market Growth?
• Merck & Co. Inc.
• Serum Institute of India Pvt. Ltd.
• Sanofi SA
• Pfizer Inc.
• AstraZeneca
• GlaxoSmithKline PLC
• Sinovac Biotech Ltd
• Zydus Cadila
• Indian Immunologicals Limited
• Panacea Biotec
What Are The Key Trends In The Pediatric Vaccine Market?
• Indulging in the development of combination vaccines to meet market demand
• Investing in R&D activities for the development of effective vaccines
• Focusing on developing live attenuated vaccines
• Utilizing new immune engineering and advance delivery systems
• Implementing AI in vaccine development to simplify the process and make manufacturing easy
What Are The Segments Of The Global Pediatric Vaccine Market?
1) By Vaccine Type: Monovalent, Multivalent
2) By Technology: Live Attenuated, Inactivated, Toxoid, Conjugate, Other Technologies
3) By Application: Infectious Disease, Allergy, Cancer
Which Region Leads The Pediatric Vaccine Market?
North America was the largest region in the pediatric vaccine market in 2024. The Middle East is expected to be the fastest-growing region in the global pediatric vaccine market during the coming years. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Pediatric Vaccine Market Global Market Report?
- Market Size Analysis: Analyze the Pediatric Vaccine Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pediatric Vaccine Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Pediatric Vaccine Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pediatric Vaccine Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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