Pediatric Vaccine Market Trends That Will Shape the Next Decade: Insights from Growing Demand For Novel Vaccines Drives Innovation In Pediatric Vaccine Market

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How Large Will the Pediatric Vaccine Market Size By 2025?
In recent times, the pediatric vaccine market has seen significant expansion. Its projected growth is estimated from $44.2 billion in 2024 to $46.95 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. The growth during the historical period can be credited to the rise in chronic diseases, immunization strategies aimed at eliminating endemic diseases, and an increase in funding for the development of vaccines.

How Big Is the Pediatric Vaccine Market Size Expected to Grow by 2029?
The market size of pediatric vaccines is anticipated to experience robust growth in the coming years, expanding to ""$62.48 billion in 2029,"" with a Compound Annual Growth Rate (CAGR) of 7.4%. Factors propelling this expansion during the forecast period include rising incidences of invasive cervical cancer, the potency of the late-stage pipeline and new medication approvals, and the growing prevalence of infectious diseases. Key trends projected during this period encompass the development of combination vaccines to satisfy market demand, allocating resources for research and development activities that aim to formulate effective vaccines, the emphasis on the creation of live attenuated vaccines, adopting new immune engineering and advanced delivery systems, and the integration of Artificial Intelligence (AI) into vaccine development to streamline the process and facilitate manufacturing.

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Which Key Market Drivers Powering Pediatric Vaccine Market Expansion and Growth?
An increase in chronic illnesses such as tuberculosis, diphtheria, and pneumonia among children under 15 years of age is anticipated to fuel the expansion of the pediatric vaccines market. Children and adolescents with chronic conditions face a higher risk of severe consequences and complications from infectious diseases. In March 2022, the Australian Bureau of Statistics, an autonomous entity in Australia responsible for collecting, analyzing data and offering factual advice, reported that nearly half of the total population or 46.6%, equating to 11.6 million people, had at least one chronic condition. The growing incidence of chronic diseases in children enhances the need for immunization against these conditions, thereby propelling the growth of the pediatric vaccine market.

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What Are the Key Trends Driving Pediatric Vaccine Market Growth?
The need for innovative vaccinations is on the rise to provide enhanced protection against challenging infectious conditions (e.g., tuberculosis, HIV/AIDS) and non-contagious chronic diseases such as cancer and neurodegenerative disorders. New advancements in vaccine development incorporate structural immunogenic design, gene-based vaccine platforms, and efficient adjuvant recombinant antigen formulations. To cater to the growing need for innovative vaccines, pediatric vaccine manufacturers and developers continuously strive for the advancement of vaccine design and production technologies. For example, Pfizer Inc., a pharmaceutical manufacturing company based in the U.S., announced in April 2023, the U.S. FDA approval of REVNAR 20, a 20-valent Pneumococcal Conjugate Vaccine for children and infants.

What Are the Emerging 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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Who Are the Global Leaders 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 are the Top Profitable Regional Markets for the Pediatric Vaccine Industry?
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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