Global Pediatric Vaccine Market Opportunities And Strategies For Major Players In The Pediatric Vaccine Market 2021-2030
20 Aug, 2021
The pediatric vaccine market consists of sales of pediatric vaccines and related services used to provide immunity to infants and children from birth to 18 years of age for specific diseases. Pediatric vaccines are a preparation of dead microorganisms, live attenuated organisms, or fully virulent organisms that are administered to stimulate the production of antibodies and provide immunity against one or several diseases among children. Pediatric vaccines are used in childhood immunization schedules to enhance a child’s immunity or prevent diseases such as diphtheria, tetanus, pertussis, influenza, Hepatitis B, polio, and many other infectious and non-infectious diseases.
Global Pediatric Vaccine Market Size And Drivers:
The global pediatric vaccine market reached a value of nearly $34,094.8 million in 2020, having increased at a compound annual growth rate (CAGR) of 6.8% since 2015. The market is expected to grow from $34,094.8 million in 2020 to $58,130.0 million in 2025 at a rate of 11.3%. The market is then expected to grow at a CAGR of 9.1% from 2025 and reach $90,000.9 million in 2030. The increasing prevalence of infectious diseases in the pediatric population will increase the demand for pediatric vaccines during the forecast period.
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Trends In The Global Pediatric Vaccine Market
There has been increasing demand for combination vaccines among babies. Combination vaccines are a combination of multiple vaccines into one. The benefits of such vaccines apply for both the parents and the baby. The parents have fewer visits to doctor, less hassle, cost effective and time effective. The babies have to take fewer shots implying less pain and discomfort. Many companies have started developing combination vaccines as the demand increased. For instance, in October 2020, Merck and Sanofi Pasteur a U.S.-based joint-partnership vaccine company developed, manufactured and marketed, VAXELIS, a combination vaccine for Diphtheria and Tetanus Toxoids and Acellular Pertussis, Inactivated Poliovirus, Haemophilus b Conjugate and Hepatitis B.
Global Pediatric Vaccine Market Segments:
The global pediatric vaccine market is further segmented based on vaccine type, technology, application and geography.
By Vaccine Type: Monovalent, Multivalent
By Technology: Live Attenuated, Inactivated, Toxoid, Conjugate, Other Technologies
By Application: Infectious Disease, Allergy, Cancer
By Geography: The global pediatric vaccine market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the pediatric vaccines market, accounting for 37.6% of the total in 2020.
Read More On The Report For The Global Pediatric Vaccine Market At:https://www.thebusinessresearchcompany.com/report/pediatric-vaccine-market
Pediatric Vaccine Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides pediatric vaccine market overviews, analyzes and forecasts market size and growth for the global pediatric vaccine market, pediatric vaccine market share, pediatric vaccine market players, pediatric vaccine market segments and geographies, pediatric vaccine market’s leading competitors’ revenues, profiles and market shares. The pediatric vaccine market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.