Pneumococcal Vaccine Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2029

The global pneumococcal vaccine market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market includes the increasing efforts to curb pneumonia among children in developed countries. Whereas, in the developing countries, the increasing spending on infrastructure and rising awareness towards vaccines, are the factors, which are expected to fuel the market growth during the forecasted period.

According to the report by Jon Hopkins, in 2019, 5 million children died before reaching the age of 5 years, out of which around 25% of children died due to pneumonia or diarrhoea. The developing countries in Asia and Africa contribute to around 70% of the global death burden of children due to pneumonia. GAVI (the vaccine alliance) is working towards vaccinating these children who are living in emerging economies. For many countries including the UK, Canada, Russia, Norway,  Bill Gates and Melinda Gates Foundation had contributed around $1.5 billion towards the program. By the end of  2018, more than 183 million children were given shot of the vaccine against pneumococcal. 

Some of the key global market players include Pfizer Inc., Sanofi SA, GlaxoSmithKline PLC, Serum Institute of India Pvt. Ltd., Merck & Co., Inc., Walvax Biotechnology Co., Ltd., CSL Ltd., and Astellas Pharma Inc. In June 2020, the Serum Institute of India started supplying vaccines for $2 as compared to $3.5 per dose earlier. The company had agreed to provide 10 million doses per year to the countries which are supported by GAVI for the next 10 years.

To Request a Sample of our Report on Pneumococcal Vaccine Market:https://www.omrglobal.com/request-sample/pneumococcal-vaccine-market

Pneumococcal Vaccine Market- Segmentation

By Vaccine Type

  • Pneumococcal Conjugate Vaccine (PCV13)
  • Pneumococcal Polysaccharide Vaccine (PPSV23)
  • Others

By Distribution Channel

  • Public
  • Private

By Type

  • Branded
  • Generic

By Age Group

  • Children
  • Adult

A full report of Pneumococcal Vaccine Market is available at: https://www.omrglobal.com/industry-reports/pneumococcal-vaccine-market

Pneumococcal Vaccine Market– Segment by Region

North America          

  • United States
  • Canada

Europe

  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Rest of Europe

Asia-Pacific   

  • China
  • Japan
  • India
  • Rest of Asia-Pacific

Rest of the World

  • Middle East & Africa
  • Latin America

Company Profiles

  • Astellas Pharma Inc.
  • China National Biotec Group Company Ltd.
  • CSL Ltd.
  • GlaxoSmithKline PLC
  • Merck & Co., Inc.
  • Novavax, Inc.
  • Pfizer Inc.
  • Walvax Biotechnology Co., Ltd.
  • SK Bioscience
  • Sanofi SA
  • Serum Institute of India Pvt. Ltd.
  • PnuVax Incorporated

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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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