Meningococcal Vaccines Market to Attain Excellent Revenue Growth by 2027

 

Meningococcal Vaccines Market

Market Synopsis

As per the research conducted by Market Research Future (MRFR), Meningococcal Vaccines Market size is projected to be worth USD 5.91 billion by 2030, registering a CAGR of 7.29% during the forecast period (2022 - 2030),

Get Sample Report- https://www.marketresearchfuture.com/sample_request/8622

The growing adoption of vaccination to eliminate bacterial meningitis is expected to increase the demand for immunization therapies, which can augment the global market in the assessment period. The growing initiatives by the government and various authorities to counter the increasing prevalence of meningitis is likely to offer efficient methods of immunization, which is predicted to strengthen the industry. Furthermore, the surging funds for R&D are projected to combat the increasing cases of meningococcal infection that is likely to offer lucrative opportunities to vaccine manufacturing companies, which can boost the trade.

On the other hand, stringent government regulations for the approval of the new vaccines are likely to hamper the market in the coming period. However, effective meningococcal vaccination programs and the rising healthcare expenses can counter the impeding cause that can boost the market growth during the forecast period.

Market Segmentation

The segmental analysis of the global market for meningococcal vaccines market is done by end-user and treatment type.

·         The end-user segments of the global market for meningococcal vaccines are research & academic institutes, hospitals & clinics, and others.

·         The treatment-type segments of the global market for meningococcal vaccines are polysaccharides, meningococcal conjugate vaccine, and subcapsular vaccine.

Regional Analysis

On the basis of region, the global market for meningococcal vaccines market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

The global market is anticipated to be dominated by North America during the forecast period due to the growing support from the government of various regions. High investments in R&D are predicted to be another significant cause that can strengthen the regional market during the forecast period. Among all, the US is projected to make the most significant contribution in developing vaccines owing to the increasing incidence of meningococcal diseases.

Europe is anticipated to acquire a significant market value during the forecast period owing to the increasing research in the concerned field. Furthermore, the growing favorable initiatives taken by the government of various countries of the region are recognized to be another salient cause that can develop the regional market in the coming period.

APAC is expected to grow at a significant rate during the review period owing to the increasing incidence of meningococcal diseases. Therefore, there has been a rise in the production of the vaccine. The growing pediatric population and the rising initiatives taken by the government of various countries to combat the diseases are projected to augment the regional market during the review period.

MEA is expected to acquire a small market share during the forecast period owing to high prices of the vaccine and limited availability. The MEA countries have expressed interest in introducing a multivalent and conjugate vaccine into the National Immunization Program Schedule but have failed to do so owing to the prevailing economic crisis among the countries.

Key Players

Eminent players of the global market for meningococcal vaccine market are Serum Institute of India Ltd., Pfizer Inc., Baxter International, Novartis Pharmaceuticals Canada Inc, JN-International Medical Corporation, Sanofi S.A., Biomed Pvt. Ltd., and GlaxoSmithKline, among others.

Industry News

·         November 2020

A renowned French pharma company, Sanofi, has received approval from the European Commission for its Meningococcal (MenACWY) vaccine MenQuadfi. The EC has given conformity for immunizing the individuals from the age of 12 months and older.

Browse Full Report-

https://www.marketresearchfuture.com/reports/meningococcal-vaccines-market-8622

Related Report-

·         Hearing Aids Market Research Report - Global Forecast till 2027

·         Patient Engagement Solutions Market Research Report - Global Forecast till 2027           

About US:

Market Research Future (MRFR) enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York,

New York 10013

 

 

 

 

 

Comments

Post a Comment

Popular posts from this blog

Dry Age-Related Macular Degeneration Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Competitive Strategies

Image
  Dry Age-Related Macular Degeneration Market This degenerative eye disease is caused by the thinning of the macula and interferes with a clear vision in the elderly. The macula is part of the retina that facilitates clear vision; when this part of the eye deteriorates, it causes blurred or distorted vision. But this does not mean that the individual will lose his or her sight, only the central vision is affected by this degenerative disease, and the peripheral vision remains intact. Vision loss is slow and can be corrected using innovative ocular treatments. It has been estimated that the Dry Age-Related Macular Degeneration Market has seen a jump due to increased research in drugs, rising amount of COVID-19 cases among the old and age-restricted chronic diseases.   The dry age-related macular degeneration AMD market is expected to cross USD 15,351.07 million by 2027 at a CAGR of 8.20% during the forecast period   List of Key Companies Covered...
Read more

Cardiopulmonary Resuscitation Market: Innovations and Trends Shaping Life-Saving Techniques

  Introduction Cardiopulmonary Resuscitation (CPR) stands as a vital life-saving technique that has transformed emergency healthcare. As the cornerstone of effective response to cardiac arrest, the CPR market has been witnessing remarkable advancements driven by technology, research, and innovation. This article delves into the evolving landscape of the Cardiopulmonary Resuscitation Market, highlighting its trends, innovations, and impact on global healthcare. CPR: A Lifeline in Critical Moments Cardiopulmonary resuscitation, commonly referred to as CPR, is a crucial technique employed to sustain blood circulation and provide oxygen to the brain during cardiac arrest. It involves chest compressions and, in some cases, rescue breaths to maintain oxygen levels until professional medical assistance arrives. CPR significantly increases the chances of survival when performed promptly and correctly. Market Growth and Trends The CPR market has been experiencing steady growth due to incre...
Read more

Pain Management Devices Market Set To Exhibit Strong Growth, Valuable Research Factors and Industry Forecast to 2030

Image
  Pain Management Devices Market – Overview The Pain Management Devices Market can anticipate expansion at a rate of 7.12% from 2020 to 2030, believes MRFR (Market Research Future). Progress in technology and better research capabilities have led to the development of devices that can control pain with limited use of drugs. Focused Market reports connected to the healthcare sector among others lately have been made available by Market Research Future which publishes a report on this sector. The development of pain management devices has been useful to control pain in a wide range of ailments. The level of relief from pain that is experienced, is one of the major driving factors for the industry, as patients who use such devices are prone to chronic pain daily. Cancer patients and the geriatric population are among the major user segments for the pain management devices as medication alone may not be sufficient to provide pain relief in their situation. The industry is antici...
Read more