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The Surge In Conjugate Vaccine Use Drives Market Expansion: An Emerging Driver Transforming The Conjugate Vaccine Market Landscape
The Conjugate Vaccine Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Conjugate Vaccine Market?
The Conjugate Vaccine Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Conjugate Vaccine Market?
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What Are the Different Conjugate Vaccine Market Segments?
The conjugate vaccine market covered in this report is segmented -
1) By Product Type: Monovalent Conjugate Vaccines, Multivalent Conjugate Vaccine
2) By Pathogen: Bacterial, Viral
3) By Disease Indication: Pneumococcal, Influenza, Meningococcal, Typhoid
4) By Patient: Pediatric, Adults
5) By End-User: Hospitals, Clinics, Homecare Settings, Other End Users
Subsegments:
1) By Monovalent Conjugate Vaccines: Single Pathogen Conjugate Vaccines
2) By Multivalent Conjugate Vaccines: Multiple Pathogen Conjugate Vaccines, Combination Conjugate Vaccines
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What Are the Primary Drivers Shaping the Conjugate Vaccine Market?
The growth of the conjugate vaccine market is likely to be driven by the rising consumption of conjugate vaccines among adults. The design of conjugate vaccines aims to induce a potent immune response towards bacterial capsular polysaccharides, thus boosting the body's ability to fight bacterial infections. Using conjugate vaccines in adults can help diminish the likelihood of serious disease, complications, and spread of these bacterial illnesses by generating a potent immune reaction. For example, the UK Health Security Agency (UKHSA), a public health agency based in the UK, reported in June 2024 that the '6-in-1' vaccine coverage in the UK for a 12-month period was stable at 91.7%. Neither did the initial dose of the pneumococcal conjugate vaccine (PCV) change, staying steady at 93.7%. Meanwhile, Rotavirus coverage increased by 0.6%, equating to 89.3%, and a secondary dose of the meningitis B vaccine (MenB2) showed a slight growth of 0.1%, amounting to 91.5%. Therefore, the escalating application of conjugate vaccines for adults is contributing to the expansion of the conjugate vaccine market.
Which Companies Are Leading in the Conjugate Vaccine Market?
Major companies operating in the conjugate vaccine market include Sanofi S.A., Pfizer Inc., Merck & Co. Inc., GlaxoSmithKline plc, Bharat Biotech International Limited, Serum Institute of India Private Limited, Biological E. Limited, Bavarian Nordic A/S, CSL Limited, Novartis AG, GreenSignal Bio Pharma Limited, Taj Pharmaceuticals Limited, Vaxcyte Inc., Neuron Biotech Co. Ltd., Bio-Med Pvt. Ltd., Sinovac Biotech Ltd., Takeda Pharmaceutical Company Limited, Valneva SE, Dynavax Technologies Corporation, Emergent BioSolutions Inc., Hualan Biological Engineering Inc., Panacea Biotec Ltd., Protein Sciences Corporation, Seqirus
What Are the Major Trends Shaping the Conjugate Vaccine Market?
Key trends in the conjugate vaccine market are driven by innovation. To maintain their market position, firms in the conjugate vaccines sector are concentrating on creating ground-breaking conjugate vaccines. In June 2022, for instance, Pfizer Inc., a US biotech and pharmaceutical corporation, introduced Prevnar 20, a pneumococcal 20-valent conjugate vaccine, in Canada to combat pneumonia and invasive pneumococcal diseases in adults aged 18 and up. In addition to the 13 serotypes that are already covered by PREVNAR 13, Prevnar 20 includes conjugates for an extra seven serotypes linked with invasive pneumococcal disease, high case-fatality rates, antibiotic resistance, and meningitis.
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What Are the Top Revenue-Generating Geographies in the Conjugate Vaccine Market?
North America was the largest region in the global conjugate vaccine market in 2024. The regions covered in the conjugate vaccine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Conjugate Vaccine Market?
2. What is the CAGR expected in the Conjugate Vaccine Market?
3. What Are the Key Innovations Transforming the Conjugate Vaccine Industry?
4. Which Region Is Leading the Conjugate Vaccine Market?
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