Pneumococcal Vaccines Market reached US$ 7.96 billion in 2023 and is expected to reach US$ 11.9 billion by 2031 - Pfizer Inc., Merck & Co., Inc & Walvax Biotechnology Co., Ltd.

The Global Pneumococcal Vaccines Market reached US$ 7.96 billion in 2023 and is expected to reach US$ 11.9 billion by 2031 growing with a CAGR of 5.2% during the forecast period 2024-2031.

Pneumococcal Vaccines Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Pneumococcal vaccines protect against infections caused by the Streptococcus pneumoniae bacteria, which can lead to pneumonia, meningitis, and bloodstream infections. There are two main types: pneumococcal conjugate vaccines (PCV) and pneumococcal polysaccharide vaccines (PPSV). These vaccines are recommended for young children, elderly individuals, and immunocompromised patients. Widespread vaccination programs have significantly reduced pneumococcal disease incidence worldwide. Booster doses may be required for long-term immunity.

List of the Key Players in the Pneumococcal Vaccines Market:

Pfizer Inc., Merck & Co., Inc., Serum Institute of India Pvt. Ltd., Walvax Biotechnology Co., Ltd., SINOVAC, Beijing Minhai Biological Technology Co., Ltd., SK bioscience., Sanofi, Biological E Limited., CanSinoBIO, Panacea Biotec, GSK plc. and Inventprise.

Industry Development:

In June 2024, Merck announced that the U.S. Food and Drug Administration (FDA) has approved CAPVAXIVE, a Pneumococcal 21-valent Conjugate Vaccine, designed to prevent invasive pneumococcal disease and pneumococcal pneumonia in adults. This vaccine targets the serotypes of Streptococcus pneumoniae responsible for a large portion of invasive disease cases in adults aged 50 and older. The approval of CAPVAXIVE represents a significant advancement in protecting older adults from these potentially severe and life-threatening infections.

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Growth Forecast Projected:

The Global Pneumococcal Vaccines Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Pneumococcal Vaccines Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Pneumococcal Vaccines Market:

By Type: Pneumococcal Conjugate Vaccine (PCV), Pneumococcal Polysaccharide Vaccine (PPV), Next Generation Pneumococcal Vaccines.

By Route of Administration: Intramuscular, Subcutaneous.

By Patient Type: Infants (< 1 Year), Children (1-12 Years), Adolescence (13-19 Years), Adults (20-60 Years), Geriatrics (Above 60 Years).

Regional Analysis for Pneumococcal Vaccines Market:

The regional analysis of the Pneumococcal Vaccines Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Pneumococcal Vaccines market?

➠ Who are the leading manufacturers in the global Pneumococcal Vaccines industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Pneumococcal Vaccines industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Pneumococcal Vaccines market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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