Global pediatric vaccines market size was valued at US$ Bn in 2019 and is expected to reach US$ Bn by 2027 to exhibit a CAGR of % during a forecast period.
Pediatric Vaccine work as protecting shield administered to a child in its paediatric age that is from new born to 18 years of age. Vaccines are normally given in order to prevent children from diseases transmitted through infections, seasonal variations and even through unhygienic areas.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
The global pediatric vaccines market is expected to increase at a CAGR during the forecast period, owing to the growing engagement of various government healthcare as well as private organizations. Rising immunization alertness and destroying the pediatric infectious disease are also boosting the growth of the pediatric vaccines market. Rise in incidence of diseases like chicken pox, typhoid, cholera, measles, and hepatitis, in kids are propelling the growth of the market. However, low availability to remote areas, growing accessibility of biosimilars at low rates, and increasing cost of vaccines are hampering the growth of the market.
Based on vaccine type, the monovalent vaccine segment is projected to increase maximum rate during the forecast period, owing to growing usage of monovalent vaccine in preventing pediatric infectious disease. The monovalent vaccine is stable, safe and has the ability to develop a rapid immune response, thus it is boosting the growth of the monovalent vaccine in the pediatric vaccines market during the forecast period. Conjugate vaccine holds major market share in the vaccine segment, owing to their high usefulness over specific types of infectious microorganism, thus providing a strong immune response to a specific disease condition.
Inactivated vaccines are antigenic substances composed of inactivated material from a pathogen such as a virus and a bacterium. An inactivated vaccine consisting virus such as particles, bacteria, and other pathogens that have been grown in culture and then using a method like heat and formaldehyde.
Infectious disease segment is accounted for the major share in the pediatric vaccine application market, owing to the growing occurrence of pediatric infectious disease worldwide. Growing global awareness about immunization against a number of infectious diseases that cause mortality as well as morbidity is also propelling the growth of the infectious disease in the global pediatric vaccines market.
The Asia Pacific is expected to showcase the highest growth rate in pediatric vaccines market during the forecast period, owing to an increasing larger population. The growing healthcare sector in leading regions such as China and India is boosting the growth of the Asia Pacific. European pediatric vaccines market is the rise, due to the superior government spending such as (NHS) nation healthcare service for the development of the as well as medical industries. The Middle East & Africa region is expected to grow at a steady pace, owing to the rising research and development activities in the healthcare sector as well as extensive development of healthcare infrastructure.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global pediatric vaccines market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in pediatric vaccines market.
The Scope of Global Pediatric Vaccines Market:
Global Pediatric Vaccines Market, By Vaccine Type:
Global Pediatric Vaccines Market, By Technology:
• Attenuated Live Viruses
• Inactivated Viruses
Global Pediatric Vaccines Market, By Application:
• Infectious Disease
Global Pediatric Vaccines Market, By End User:
• Pediatric Clinics
Global Pediatric Vaccines Market, By Region:
• North America
• Middle East & Africa
• Asia Pacific
• South America
The Key Players Operating In the Global Pediatric Vaccines Market:
• Merck Sharp & Dohme Corp
• Indian Immunologicals Limited
• Mitsubishi Tanabe Pharma Corporation
• Sinovac Biotech Ltd.
• GlaxoSmithKline plc.
• Serum Institute of India Pvt. Ltd.
• Eli Lilly Company
• Pfizer, Inc.
• Bio Med Pvt. Ltd
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