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Key Trends Reshaping the Pentavalent Market: Key Companies Drive Growth Through Product Innovation In The Pentavalent Sector Industry Transformation
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Pentavalent Market Size Growth Forecast: What to Expect by 2025?
In recent times, the size of the pentavalent market has witnessed consistent growth. The market is projected to expand from $2.62 billion in 2024 to $2.73 billion in 2025, with a compound annual growth rate (CAGR) of 4.4%. This growth during the historical period can be credited to worldwide immunization drives, governmental vaccination initiatives, multi-disease prevention, increased awareness regarding public health, and international collaborations and investments.
How Will the Pentavalent Market Size Evolve and Grow by 2029?
The size of the pentavalent market is projected to witness consistent expansion in the coming years. By 2029, the market will have grown to a substantial $3.31 billion, with a compound annual growth rate (CAGR) of 5.0%. This growth trajectory during the forecast period can be accredited to ongoing global vaccination drives, the widening of immunization programs, deployment in newer regions, combined with research and development undertakings and alliances for vaccine availability. The main trends expected during the forecast period comprise international health initiatives and funding aid, public education and consciousness drives, policies and regulatory structures instituted by the government, as well as technological advancements in vaccine production.
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What Drivers Are Propelling the Growth of Pentavalent Market Forward?
The increasing incidence of diphtheria is anticipated to spur the expansion of the pentavalent market. Corynebacterium diphtheriae, the bacteria responsible for causing the severe and highly infectious disease known as diphtheria, impairs respiration and the ability to eat and could also lead to skin ulcers. A safeguard against this illness is provided for children with a 3-dose pentavalent vaccine regimen, thereby accentuating the growing demand for pentavalent vaccines with the escalating incidence of diphtheria. For example, as per the World Health Organization, a specialized United Nations agency based in Switzerland, an abnormally high tally of diphtheria cases were reported during the International Health Regulations (IHR) reporting process in 2022, predominantly in June and August. Seven countries reported 144 cases of diphtheria, a significant portion of which were seen among refugees. Of these 144 patients, 97 (69%) were judged to be clinically compatible, 44 (31%) were confirmed to be toxigenic diphtheria cases through lab confirmation, and 3 (2%) were suspected cases. Therefore, the escalating incidence of diphtheria is a major driving force for the expansion of the pentavalent market.
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Which Emerging Trends Are Transforming the Pentavalent Market in 2025?
The primary trend being observed in the pentavalent market is the rise of product innovation. To establish a strong foothold in the market, leading corporations in the pentavalent industry are focused on introducing innovative products. For example, Pfizer, a pharmaceutical corporation based in the US and participant in the pentavalent vaccines market, received approval in December 2022, from The United States Food and Drug Administration, a federal agency of the Department of Health and Human Services. This approval was for Pfizer's Investigational Pentavalent Meningococcal Vaccine Candidate (MenABCWY) in Adolescents, which is targeted for the prevention of meningococcal disease in individuals within the 10 to 25 age range. A unique quality of the MenABCWY vaccine is the integration of two vaccines' components into a single vaccine, offering protection against the predominant serogroups leading to invasive meningococcal diseases.
What Are the Key Segments in the Pentavalent Market?
The pentavalent market covered in this report is segmented -
1) By Type: Sodium Stibogluconate, Meglumine Antimoniate
2) By Formulation Type: Lyophilized, Liquid
3) By Application: Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies
Subsegments:
1) By Sodium Stibogluconate: Injectable Form, Oral Form, Other Formulations
2) By Meglumine Antimoniate: Injectable Form, Oral Form, Other Formulations
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Who Are the Key Players Shaping the Pentavalent Market's Competitive Landscape?
Major companies operating in the pentavalent market include Pfizer Inc., Merck & Co Inc., Sanofi SA, GlaxoSmithKline plc, Shandong Xinhua Pharmaceutical Company Limited, PT Bio Farma (Persero), Shantha Biotechnics Limited, Biological E. Limited, Serum Institute of India Private Limited, Indian Immunologicals Limited, Incepta Pharmaceuticals Limited, Shanghai Institute of Biological Products Co Ltd., Changchun Changsheng Biotechnology Co Ltd., Adimmune Corporation, AJ Vaccines, Albert David Limited, PanGen Biotech Inc., Bharat Biotech International Limited, Vacsera Ltd., Pasteur Institute of India, Zydus Cadila Healthcare Limited, EuBiologics Co Ltd.
What Geographic Markets Are Powering Growth in the Pentavalent Market?
Asia-Pacific was the largest region in the pentavalent market in 2024. The regions covered in the pentavalent market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Report Scope: Comprehensive analysis of the Pentavalent Vaccine Market, covering trends, dynamics, segmentation, and regional insights.
Research Methodology: Insights derived from real data of 2022-2023, supplemented with past data from 2018 to 2022, considering the impact of global lockdown.
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https://www.maximizemarketresearch.com/market-report/global-pentavalent-vaccine-market/85865/
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