Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.15 Billion | USD 15.59 Billion | 6.2% | 2024 |
FrequentlyAsked Questions
Pneumococcal vaccinations are those that shield people from pneumococcal diseases. The bacterium Streptococcus pneumonia is responsible for the disease. Vaccines against pneumococci can shield people against diseases including sepsis, meningitis, and pneumonia. Vaccines may be divided into two categories: polysaccharide vaccines and conjugate vaccinations. The drug is administered by injecting it either into the muscle or just beneath the skin. Children and newborns should get conjugate vaccinations as part of a standard immunization schedule, according to the World Health Organization (WHO).
The global pneumococcal vaccine market is expected to grow due to rising awareness of pneumococcal diseases, government immunization programs, and growing geriatric and pediatric populations.
According to a study, the global pneumococcal vaccine market size was worth around USD 8.15 Billion in 2024 and is expected to reach USD 15.59 Billion by 2034.
The global pneumococcal vaccine market is expected to grow at a CAGR of 6.2% during the forecast period.
North America is expected to dominate the pneumococcal vaccine market over the forecast period.
Leading players in the global pneumococcal vaccine market include Walvax Biotechnology Co. Ltd., Sk Bioscience, Panacea Biotec Limited, Shenzhen Kangtai Biological Products Co. Ltd., (Beijing Minhai Biotechnology Corporation Limited), Serum Institute of India Pvt. Ltd., Merck & Co. Inc., Pfizer Inc., Lg Chem Ltd., Pnuvax Incorporated, Glaxosmithkline Plc., and others., among others.
The report explores crucial aspects of the pneumococcal vaccine market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market
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