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Pneumococcal Vaccines Adoption Market - Forecast(2024 - 2030)
Pneumococcal Vaccines Adoption Market Overview
Pneumococcal Vaccines Adoption Market size is estimated at $8.2 billion in 2020, projected to grow at a CAGR of 6.8% during the forecast period 2021-2026. Pneumococcal disease is the infection caused by pneumococcal bacteria (primarily Streptococcus pneumonia). The types of Pneumococcal Vaccines are Pneumococcal Conjugate Vaccines (PCV) and Pneumococcal Polysaccharide Vaccines (PPSV). The growth of the Pneumococcal Vaccines Adoption Industry owes towards the increasing prevalence of pneumococcal contaminations. Pneumococcal polysaccharide vaccine, also known as Pneumovax 23, was the first pneumococcal vaccine made from a capsular polysaccharide and is a major medical achievement. Pneumococcal survival is improved when pentafluorobenzoic acid (PFBA) inhibits neutrophil phagocytosis. These bacteria are capable of causing a number of illnesses, including pneumonia, which is a lung infection. Pneumonia is an acute respiratory illness that affects the lungs and causes the alveoli to fill with pus and fluid, making breathing difficult and limiting oxygen intake. The increasing prevalence of pneumonia in different countries around the world, strengthened healthcare facilities, and increased government emphasis on pneumonia immunization programs has resulted in an increase in demand for Pneumococcal Polysaccharide Vaccine. According to the World Health Organization (WHO), pneumonia caused 16% of all deaths in children under the age of five in 2015, accounting for 920,136 deaths worldwide driving the Pneumococcal Vaccines Adoption industry growth.
Report Coverage
The report: “Pneumococcal Vaccines Adoption Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Pneumococcal Vaccines Adoption Market.
By Market Type: Pneumococcal Conjugate Vaccines (PCV) and Pneumococcal Polysaccharide Vaccines (PPSV).
By Product Type: Prevnar 13, Synflorix and Pneumovax 23.
By Distribution Channel: Government Authorities, Non-governmental Organizations (NGO) and Others.
By Geography: North America (U.S, Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia & New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina and Rest of South America) and RoW (Middle East and Africa).
Key Takeaways
- The easier access to healthcare facilities and the availability of low-cost pneumonia vaccines have attracted a significant number of buyers, resulting in Pneumococcal Vaccines Adoption Market’s growth.
- Geographically, North America Pneumococcal Vaccines Adoption Market held the largest revenue share of 42% in 2020 owing to the growing number of pneumococcal infections, the involvement of potential players who are developing innovative therapies, and more government schemes and investments in healthcare. In the final report, the scope of the Pneumococcal Polysaccharide Vaccine Market for various regions will be given.
- The increased prevalence rate of pneumonia is driving the development are likely to contribute to the growth of the Pneumococcal Vaccines Adoption industry.
- Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market is provided in the Pneumococcal Vaccines Adoption Market.
Pneumococcal Vaccines Adoption Market Segment Analysis - By Type
Based on Type, Pneumococcal Vaccines Adoption Market is segmented into Pneumococcal Conjugate Vaccines (PCV) and Pneumococcal Polysaccharide Vaccines (PPSV). Pneumococcal Conjugate Vaccines (PCV) accounted for the largest revenue market share in 2020 owing to the wide range reach to the public. These vaccines can prevent pneumonia and acute otitis media in infants and children aged 6 weeks to 5 years. In addition, the conjugate vaccine increases immunological memory and decreases asymptomatic bacteria delivery, resulting in substantial community immunity driving the Pneumococcal Vaccines Adoption Industry. For instance, in 2020, The Drug Controller General of India has provided the green light to Serum Institute of India, Pvt. Ltd.'s pneumococcal conjugate vaccine (PCV), PNEUMOSIL, for marketing authorization. This approval allows the vaccine to be marketed in India, and it is a major move forward in the fight against pneumonia and other pneumococcal diseases. Pneumococcal Polysaccharide Vaccines (PPSV) segment is anticipated to grow with the fastest CAGR of 6.9% in the forecast period 2021-2026 owing to the rising geriatric population across the globe. Pneumococcal polysaccharide vaccine (PPSV23) protects against pneumococcal disease, which is any infection caused by pneumococcal bacteria. These bacteria are capable of causing a number of illnesses, including pneumonia, which is a lung infection drives the Pneumococcal Vaccines Adoption industry growth.
Pneumococcal Vaccines Adoption Market Segment Analysis – By Product Type
Based on Product Type, Pneumococcal Vaccines Adoption Market is segmented into Prevnar 13, Synflorix and Pneumovax 23. Prevnar 13 accounted for the largest revenue market share in 2020. Growing demand for the pneumonia vaccine in various countries, WHO acceptance and guidelines for its efficacy in preventing pneumonia, and increased use for pneumonia treatment among the geriatric population have all accelerated market growth in this segment. The vaccine protects against 13 different forms of pneumococcal bacteria, which are the most common cause of serious infections in children and adults. Pneumovax 23 segment is anticipated to grow with the fastest CAGR of 7.1% during the forecast period 2021-2026 owing towards the high demand for medicines and the rising population. Pneumovax 23 is a rapid-acting vaccine that protects against the most common forms of pneumococcal bacteria in people who are at high risk of infection. It is also recommended as a routine vaccination for people aged 50 and up thus enhancing the Pneumococcal Vaccines Adoption Market.
Pneumococcal Vaccines Adoption Market Segment Analysis - By Geography
Based on Geography, North America Pneumococcal Vaccines Adoption Market accounted for the 42% revenue share in 2020 is attributed towards the increasing number of people infected with pneumococcal bacteria, as well as the presence of potential players developing novel therapies including Pneumococcal Polysaccharide Vaccine, has resulted in a gradual increase in the treatment market in this area. The aging population, as well as the government's and major market players' rising healthcare investments driving the Pneumococcal Vaccines Adoption Industry. According to the National Center for Immunization and Respiratory Diseases, more than 250,000 people are hospitalized in the United States each year due to pneumonia and with nearly 50,000 people dying from the disease. Another significant factor driving market growth is the increased awareness initiatives and development of novel vaccines. For instance, the U.S. has called for a Healthier People 2020 plan to expand pneumococcal vaccine coverage in high-risk adults to 60% driving the regional growth. Asia-Pacific is predicted to be the fastest growing region during the forecast period 2021- 2026 owing towards the government initiatives and an increase in the number of research partnerships. The World Health Organization (WHO) reports that clinical pneumonia causes 0.37 episodes per child per year, with India responsible for 36% of all cases. The region of Southeast Asia bears the brunt of the burden. Around 10-20% of these episodes are serious. In addition, in 2017, the Indian government, in partnership with GAVI, introduced low-cost Pneumococcal Conjugate Vaccine (PCV) vaccines in three states across the world. Furthermore, 60 percent of all GAVI-procured vaccines will be manufactured in India under this agreement. There is also a rapid influx of key industry players into this area, as well as the launch of new Pneumonia Polysaccharide Vaccine market products in the Asia-Pacific region.
Pneumococcal Vaccines Adoption Market: Market Share (%) by Region, 2020
Pneumococcal Vaccines Adoption Market Drivers
Growing Incidences Of Pneumococcal Diseases:
Pneumococcal infection is one of the leading causes of morbidity worldwide, according to the World Health Organization (WHO). Furthermore, developed countries are rapidly investing in vaccine production, resulting in a rise in the global demand for pneumococcal vaccines. Several government campaigns, such as pneumonia immunization programs, have aided the expansion of the pneumococcal vaccine adoption market. The recommendations for preventing ventilator-associated pneumonia in acute care hospitals were established by the Society of Healthcare Epidemiology of America and the Infectious Diseases Society of America. Furthermore, numerous organisations from around the world are investing in pneumonia prevention. Increasing usage of Pneumococcal Polysaccharide Vaccine will further drive the market growth. Furthermore, WHO initiatives such as the Global Action Plan for Pneumonia and Diarrhoea, which aims to reduce pneumonia-related mortality, have fuelled the market's growth. Furthermore, major strides in the production of new pneumococcal vaccines have accelerated the industry's growth.
The Creation Of Protein Vaccines Pave The Way For New Possibilities:
The production of protein vaccines for pneumococcal diseases has provided the global pneumococcal vaccines adoption industry with new growth opportunities. In comparison to traditional whole-cell vaccines, these vaccines evoke a wider immune response. Furthermore, they strengthen cellular and humoral immunity. They're also moderately priced and relatively simple to make. As a consequence, people with a modest income can conveniently receive these vaccines. Such advances have stimulated the growth of the pneumococcal vaccine adoption market.
Pneumococcal Vaccines Adoption Market Challenges
Stringent Regulation Along With Lack Of Storage Facilities:
Strict regulatory requirements and a shortage of standardization resources in some developed and developing countries are two major factors that are expected to stifle the target market's growth. Additionally, increasing research and development costs, as well as higher costs associated with vaccine manufacturing and low knowledge among the elderly, all hinder Pneumococcal Vaccines Adoption industry. Lack of sufficient cold storage facilities, vulnerability to leaching and transportation is hindering the market’s growth. For instance, when demand is high, longer time for production causes service delay which restraint the demand growth.
Pneumococcal Vaccines Adoption Market Landscape
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Pneumococcal Vaccines Adoption Market. Pneumococcal Vaccines Adoption Market top 10 companies are SK bioscience, Walvax Biotechnology Co., Ltd, Glaxosmithkline Plc, Sanofi Pasteur, China National Biotec Group, Astellas Pharma Inc., Merck & Co., Inc., Pfizer Inc., Serum Institute of India Ltd and Beijing Minhai Biotechnology Co., Ltd.
Acquisitions/Product Launches:
- In December 2020, Pfizer Inc. announced that the US Food and Drug Administration (FDA) has approved a Biologics License Application (BLA) for its 20-valent pneumococcal conjugate vaccine (20vPnC) candidate for the prevention of invasive disease and pneumonia triggered by Streptococcus pneumoniae serotypes in the vaccine in adults aged 18 and older for priority examination.
- In June 2020, Merck & Co., Inc. acquired Themis is a privately owned company that focuses on infectious disease vaccines and immunomodulation therapies. The purchase was made to promote the production of medicines and vaccines for many of the world's most complex diseases, as part of our effort to save and improve lives.
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Report Code: HCR 67449
Report Code: HCR 0058
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1. Pneumococcal Vaccines Adoption Market - Overview
1.1 Definitions and Scope
2. Pneumococcal Vaccines Adoption Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends
2.2 Key trends by Type
2.3 Key trends by Product Type
2.4 Key trends by Geography
3. Pneumococcal Vaccines Adoption Market - Comparative Analysis
3.1 Product Benchmarking – Key Companies
3.2 Financial Analysis– Key Companies
3.3 Market Share Analysis
3.4 Patent Analysis
3.5 Pricing Analysis- Average Selling Price
4. Pneumococcal Vaccines Adoption Market - Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Pneumococcal Vaccines Adoption Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Case Studies of Successful Ventures
6. Pneumococcal Vaccines Adoption Market - Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Pneumococcal Vaccines Adoption Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Pneumococcal Vaccines Adoption Market – By Type (Market Size –$Million/$Billion)
8.1 Pneumococcal Conjugate Vaccines (PCV)
8.2 Pneumococcal Polysaccharide Vaccines (PPSV)
9. Pneumococcal Vaccines Adoption Market – By Product Type (Market Size –$Million/$Billion)
9.1 Prevnar 13
9.2 Synflorix
9.3 Pneumovax 23
10. Pneumococcal Vaccines Adoption Market – By Distribution Channel(Market Size –$Million/$Billion)
10.1 Government Authorities
10.2 Non-governmental Organizations (NGO)
10.3 Others
11. Pneumococcal Vaccines Adoption Market - By Geography (Market Size –$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 U.K.
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Australia & New Zealand
11.3.6 Rest of Asia-Pacific
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Rest of South America
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. Pneumococcal Vaccines Adoption Market - Entropy
13. Pneumococcal Vaccines Adoption Market – Industry/Segment Competition Landscape Premium
13.1 Market Share Analysis
13.1.1 Global Market Share – Key Companies
13.1.2 Market Share by Region – Key companies
13.1.3 Market Share by Countries – Key Companies
13.1.4 Best Practices for Companies
14. Pneumococcal Vaccines Adoption Market – Key Company List by Country Premium Premium
15. Pneumococcal Vaccines Adoption Market Company Analysis
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global Competition Analysis Market 2023-2030 ($M)2.Global Pneumococcal Vaccines Market Analysis and Forecast , By Product Market 2023-2030 ($M)
2.1 Pneumococcal Conjugate Vaccines Market 2023-2030 ($M) - Global Industry Research
2.2 Pneumococcal Polysaccharide Vaccines Market 2023-2030 ($M) - Global Industry Research
2.3 By Product Type, Market 2023-2030 ($M) - Global Industry Research
3.Global Pneumococcal Vaccines Market Analysis and Forecast , By Distribution Channel Market 2023-2030 ($M)
3.1 Pharmacies Market 2023-2030 ($M) - Global Industry Research
3.2 Community Clinics Market 2023-2030 ($M) - Global Industry Research
3.3 Public Health Agencies Market 2023-2030 ($M) - Global Industry Research
3.4 By Distribution Channel, Market 2023-2030 ($M) - Global Industry Research
4.Global Competition Analysis Market 2023-2030 (Volume/Units)
5.Global Pneumococcal Vaccines Market Analysis and Forecast , By Product Market 2023-2030 (Volume/Units)
5.1 Pneumococcal Conjugate Vaccines Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Pneumococcal Polysaccharide Vaccines Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 By Product Type, Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Pneumococcal Vaccines Market Analysis and Forecast , By Distribution Channel Market 2023-2030 (Volume/Units)
6.1 Pharmacies Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Community Clinics Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Public Health Agencies Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 By Distribution Channel, Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America Competition Analysis Market 2023-2030 ($M)
8.North America Pneumococcal Vaccines Market Analysis and Forecast , By Product Market 2023-2030 ($M)
8.1 Pneumococcal Conjugate Vaccines Market 2023-2030 ($M) - Regional Industry Research
8.2 Pneumococcal Polysaccharide Vaccines Market 2023-2030 ($M) - Regional Industry Research
8.3 By Product Type, Market 2023-2030 ($M) - Regional Industry Research
9.North America Pneumococcal Vaccines Market Analysis and Forecast , By Distribution Channel Market 2023-2030 ($M)
9.1 Pharmacies Market 2023-2030 ($M) - Regional Industry Research
9.2 Community Clinics Market 2023-2030 ($M) - Regional Industry Research
9.3 Public Health Agencies Market 2023-2030 ($M) - Regional Industry Research
9.4 By Distribution Channel, Market 2023-2030 ($M) - Regional Industry Research
10.South America Competition Analysis Market 2023-2030 ($M)
11.South America Pneumococcal Vaccines Market Analysis and Forecast , By Product Market 2023-2030 ($M)
11.1 Pneumococcal Conjugate Vaccines Market 2023-2030 ($M) - Regional Industry Research
11.2 Pneumococcal Polysaccharide Vaccines Market 2023-2030 ($M) - Regional Industry Research
11.3 By Product Type, Market 2023-2030 ($M) - Regional Industry Research
12.South America Pneumococcal Vaccines Market Analysis and Forecast , By Distribution Channel Market 2023-2030 ($M)
12.1 Pharmacies Market 2023-2030 ($M) - Regional Industry Research
12.2 Community Clinics Market 2023-2030 ($M) - Regional Industry Research
12.3 Public Health Agencies Market 2023-2030 ($M) - Regional Industry Research
12.4 By Distribution Channel, Market 2023-2030 ($M) - Regional Industry Research
13.Europe Competition Analysis Market 2023-2030 ($M)
14.Europe Pneumococcal Vaccines Market Analysis and Forecast , By Product Market 2023-2030 ($M)
14.1 Pneumococcal Conjugate Vaccines Market 2023-2030 ($M) - Regional Industry Research
14.2 Pneumococcal Polysaccharide Vaccines Market 2023-2030 ($M) - Regional Industry Research
14.3 By Product Type, Market 2023-2030 ($M) - Regional Industry Research
15.Europe Pneumococcal Vaccines Market Analysis and Forecast , By Distribution Channel Market 2023-2030 ($M)
15.1 Pharmacies Market 2023-2030 ($M) - Regional Industry Research
15.2 Community Clinics Market 2023-2030 ($M) - Regional Industry Research
15.3 Public Health Agencies Market 2023-2030 ($M) - Regional Industry Research
15.4 By Distribution Channel, Market 2023-2030 ($M) - Regional Industry Research
16.APAC Competition Analysis Market 2023-2030 ($M)
17.APAC Pneumococcal Vaccines Market Analysis and Forecast , By Product Market 2023-2030 ($M)
17.1 Pneumococcal Conjugate Vaccines Market 2023-2030 ($M) - Regional Industry Research
17.2 Pneumococcal Polysaccharide Vaccines Market 2023-2030 ($M) - Regional Industry Research
17.3 By Product Type, Market 2023-2030 ($M) - Regional Industry Research
18.APAC Pneumococcal Vaccines Market Analysis and Forecast , By Distribution Channel Market 2023-2030 ($M)
18.1 Pharmacies Market 2023-2030 ($M) - Regional Industry Research
18.2 Community Clinics Market 2023-2030 ($M) - Regional Industry Research
18.3 Public Health Agencies Market 2023-2030 ($M) - Regional Industry Research
18.4 By Distribution Channel, Market 2023-2030 ($M) - Regional Industry Research
19.MENA Competition Analysis Market 2023-2030 ($M)
20.MENA Pneumococcal Vaccines Market Analysis and Forecast , By Product Market 2023-2030 ($M)
20.1 Pneumococcal Conjugate Vaccines Market 2023-2030 ($M) - Regional Industry Research
20.2 Pneumococcal Polysaccharide Vaccines Market 2023-2030 ($M) - Regional Industry Research
20.3 By Product Type, Market 2023-2030 ($M) - Regional Industry Research
21.MENA Pneumococcal Vaccines Market Analysis and Forecast , By Distribution Channel Market 2023-2030 ($M)
21.1 Pharmacies Market 2023-2030 ($M) - Regional Industry Research
21.2 Community Clinics Market 2023-2030 ($M) - Regional Industry Research
21.3 Public Health Agencies Market 2023-2030 ($M) - Regional Industry Research
21.4 By Distribution Channel, Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)2.Canada Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
3.Mexico Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
4.Brazil Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
5.Argentina Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
6.Peru Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
7.Colombia Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
8.Chile Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
9.Rest of South America Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
10.UK Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
11.Germany Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
12.France Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
13.Italy Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
14.Spain Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
15.Rest of Europe Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
16.China Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
17.India Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
18.Japan Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
19.South Korea Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
20.South Africa Pneumococcal Vaccines Adoption Trends 2019 Market Revenue, 2023-2030 ($M)
21.North America Pneumococcal Vaccines Adoption Trends 2019 By Application
22.South America Pneumococcal Vaccines Adoption Trends 2019 By Application
23.Europe Pneumococcal Vaccines Adoption Trends 2019 By Application
24.APAC Pneumococcal Vaccines Adoption Trends 2019 By Application
25.MENA Pneumococcal Vaccines Adoption Trends 2019 By Application