Growing Demand For Novel Vaccines Drives Innovation In Pediatric Vaccine Market Industry Trends Gaining Momentum in the Global Pediatric Vaccine Market

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What Is the Expected CAGR for the Pediatric Vaccine Market Through 2025?
The size of the pediatric vaccine market has seen a swift expansion in recent years. It is projected to escalate from $45.9 billion in 2024 to $51.56 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 12.3%. The growth experienced in the earlier duration can be credited to the rising occurrence of chronic illnesses, policies endorsing immunization to eliminate endemic diseases, and an increase in investment towards the development of vaccines.

What's the Projected Size of the Global Pediatric Vaccine Market by 2029?
The market for pediatric vaccines is predicted to experience accelerated growth in the upcoming years, escalating to $85.3 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 13.4%. This can be ascribed to the rise in invasive cervical cancer cases, a powerful late-stage pipeline and the approval of new treatments, along with an increasing incidence of infectious diseases. The forecast period is expected to witness trends such as the creation of combined vaccines to satisfy market needs, increased investment in research and development for the production of effective vaccines, a concentration on the development of live attenuated vaccines, the usage of innovative immune engineering and advanced delivery systems, and the implementation of artificial intelligence (AI) in the vaccine creation process to streamline the procedure and facilitate manufacturing.

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Top Growth Drivers in the Pediatric Vaccine Industry: What's Accelerating the Market?
The escalating occurrence of chronic illnesses like tuberculosis, diphtheria, and pneumonia in the demographic under 15 years is significantly contributing to the expansion of the pediatric vaccines market. Children and adolescents with chronic conditions are increasingly facing serious outcomes and complications from infectious diseases. The Australian Bureau of Statistics mentioned in March 2022 that approximately half of the total population (46.6%, or 11.6 million) had at least one chronic condition. This autonomous Australian authority is responsible for collecting and analyzing data and providing factual advice. The rise in chronic diseases among the young population increases the need for inoculations against these illnesses, and consequently boosts the growth of the pediatric vaccine market.

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What Trends Will Shape the Pediatric Vaccine Market Through 2029 and Beyond?
The interest in innovative vaccines continues to escalate as they offer amplifying immunity against severe infectious diseases like tuberculosis, HIV/ AIDS, along with chronic non-infectious illnesses including cancer and neurodegenerative diseases. The development of fresh vaccines consists of the design of structural immunogens, genetic vaccine platforms and productive adjuvant recombinant antigen formulations. Pediatric vaccine creators and developers are persistently in pursuit of innovating vaccine construction and manufacturing techniques to accommodate the growing necessity for unique vaccines. As an illustration, Pfizer Inc., a company in the U.S. that produces pharmaceuticals received approval from the U.S. FDA in April 2023 for REVNAR 20, a Pneumococcal Conjugate Vaccine possessing 20 valents, for babies and children.

What Are the Main Segments in the Pediatric Vaccine Market?
The pediatric vaccine market covered in this report is segmented -

1) By Vaccine Type: Monovalent, Multivalent
2) By Technology: Live Attenuated, Inactivated, Toxoid, Conjugate, Other Technologies
3) By Application: Infectious Disease, Allergy, Cancer

Subsegments:
1) By Monovalent: Single Antigen Vaccines, Specific Disease Vaccines
2) By Multivalent: Combination Vaccines, Polyvalent Vaccines

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Which Top Companies are Driving Growth in the Pediatric Vaccine Market?
Major companies operating in the pediatric vaccine market include 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, Takeda Pharmaceutical Company, Mitsubishi Tanabe Pharma Corporation, Daiichi Sankyo, CSL Limited, BIO-MED, Sun Pharmaceutical Industries Ltd, Sinopharm, Walvax biotechnology, Fosun Pharma, BioNTech, MCM Vaccine Company, Seqirus, Roche, Johnson & Johnson, Novartis, Connaught LaboratoriesInc., Wyeth-Ayerst, Grifols, Ataulfo de Paiva Foundation, Bio-Manguinhos-Institute of Technology on Immunobiologicals, Butantan Institute, Ezequiel Dias Foundation (FUNED), Sinergium

Which Regions Will Dominate the Pediatric Vaccine Market Through 2029?
North America was the largest region in the pediatric vaccine market in 2024. Middle East is expected to be the largest growing region in the global pediatric vaccine market share during the forecast period. The regions covered in the pediatric vaccine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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