Pneumococcal Vaccine Market is estimated to be US$ US$13.5 billion by 2030 with a CAGR of 5.3% during the forecast period


 Pneumococcal Vaccine Market accounted for US$ US$8.1 billion in 2020 and is estimated to be US$ 13.5 billion by 2030 and is anticipated to register a CAGR of 5.3%. Serious and potentially fatal pneumococcal infections is protected by the pneumococcal vaccine. It's also known as the pneumonia vaccine. Pneumococcal infections caused by the bacterium Streptococcus pneumonia which lead to pneumonia, septicemia (a kind of blood poisoning) and meningitis. All adults (65 years or older) should receive dose of pneumococcal polysaccharide vaccine (PPSV23). In addition, CDC recommends PCV13 based on shared clinical decision-making for adults 65 years or older who do not have an immune compromising condition, cerebrospinal fluid leak, or cochlear implant.

The report " Global Pneumococcal Vaccine Market, By Vaccine type (Pneumococcal Conjugate Vaccine and Pneumococcal Polysaccharide Vaccine), By Product Type (Prevnar 13, Synflorix, Pneumovax 23), By Sector (Public and Private), By Distribution Channel (Distribution Partner Companies, Non-Governmental Organization, Government Authorities) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”

Key Highlights:

  • World Health Organization (WHO) estimated that 1.6 million people die of pneumococcal disease every year; this estimate includes the deaths of 0.7-1 million children aged less than 5 years, most of whom live in developing countries.
  • Pfizer’s Prevnar 13 follow-up, a 20-strain pneumococcal shot has been set for an FDA filing later this year, with a possible approval in the middle of 2021.

Analyst View:

Adoption of pneumococcal vaccines has shown significant growth due to focus of governmental and non- governmental bodies. Moreover, rise in prevalence of pneumonia within the developing countries further boost the market. Global Action Plan for the Prevention and Control of Pneumonia and Diarrhea (GAPPD) and Gates Foundation are the non-governmental organizations which encourages the manufacturers to develop novel vaccines to cater large population.

Before purchasing this report, request a sample or make an inquiry by clicking the following link:

https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4632

Key Market Insights from the report:

The global pneumococcal vaccine market accounted for US$ 8.1 billion in 2020 and is estimated to be US$ 13.5 billion by 2030 and is anticipated to register a CAGR of 5.3%. The global pneumococcal vaccine market is segmented based on the vaccine type, product type, sector, distribution channel and region.

  • By vaccine type, the global pneumococcal vaccine market is segmented into Pneumococcal conjugate vaccine and Pneumococcal polysaccharide vaccine.
  • By product type, the market is segmented in Prevnar 13, Synflorix and Pneumovax 23.
  • By sector, the global pneumococcal vaccine market is segmented into Public and Private.
  • By distribution channel, the Global Pneumococcal Vaccine Market is segmented into Distribution partner companies, Non-governmental organizations and Government authorities.
  • By region, the global pneumococcal vaccine market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the worldwide leader in the pneumococcal vaccine market in terms of revenue, due to the developed healthcare system and health awareness among people.

Competitive Landscape:

The key players operating in the global pneumococcal vaccine market include Pfizer, Merck, Glaxosmith Kline plc, Astra Zeneca, Baxter International, Sanofi Pasteur MSD, CSL Ltd, Shenzhen Kangtai Biological Products Co., Ltd. (Beijing Minhai Biotechnology Corporation Limited), SK Bioscience and Walvax Biotechnology Co., Ltd.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

To know more

Contact Us:

Sales

Prophecy Market Insights

  1 860 531 2701

Email- sales@prophecymarketinsights.com

Comments

Post a Comment

Popular posts from this blog

Osteoporosis Treatment Market is estimated to be US$ 17.68 billion by 2030 with a CAGR of 4.3% during the forecast period

Image
  The   Osteoporosis Treatment Market   accounted for US$ 11.60 billion in 2020 and is estimated to be US$ 17.68 billion by 2030 and is anticipated to register a CAGR of 4.3%. Osteoporosis is a condition in which body loses too much bone and there is an increase in bone weakness. The individual suffering from osteoporosis is more exposed to bone fractures. Hence, a proper treatment is required to cure and avoid the chances of complications. Osteoporosis, or thinning bones, can result in painful fractures. Risk factors for osteoporosis include aging, being female, low body weight, low sex hormones or menopause, smoking, and some medications. Prevention and treatment include calcium and vitamin D, exercise, and osteoporosis medications. The report “ Global Osteoporosis Treatment Market By Drugs Type (Selective Estrogen Receptor Modulators (SERMs), Rank Ligand (RANKL) Inhibitor, Calcitonin, Hormone Therapy, Parathyroid Hormone-Related Protein (PTHrP) Analog, and Bisphosphonates (Risedrona
Read more

Hand Sanitizers Market is estimated to be US$ 2.70 billion by 2030 with a CAGR of 7.50% during the forecast period

Image
  Hand Sanitizers Market  accounted for US$ 1.31 billion in 2020 and is estimated to be US$ 2.70 billion by 2030 and is anticipated to register a CAGR of 7.50%. Hand sanitizer is an antiseptic solution, also known as a hand disinfectant, hand antiseptic, hand rub. It is a liquid or gel containing alcohol use as an alternative to soap and water. It is used to clean the hands and kill infection-causing microorganisms. The main difference between washing hands with soap and hand sanitizer is soap work to remove all types of germs from hands, while sanitizer acts as killing germs present on the skin. It is an alcohol-based hand sanitizer work to reduce the number of germs but it is less effective in removing harmful chemicals, such as pesticides and heavy metals like lead. The report " Global Hand Sanitizers Market by Type (Gel, Foam, and Spray), By Application (Restaurant, Hospital, School, Household, and Office Building,), and By Region (North America, Europe, Asia Pacific, Latin Am
Read more

Sternal Closure Systems Market is estimated to be US$ 3.79 Billion by 2020 with a CAGR of 5.6% during the forecast period 2030

Image
  Sternal Closure Systems   Market  accounted for US$ 2.3 million in 2020 and is estimated to be US$ 3.79 billion by 2030 and is anticipated to register a CAGR of 5.6%.        The Sternal Closure Systems are used in bilateral thoracosternotomy, median sternotomy and hemisternotomy. Median sternotomy has become popular in early 1960s and remains gold standard approach in cardiac procedures. Sternal Closure Systems are used in stabilization and fixation of fractures at anterior part of chest wall. Change in lifestyle, lack of exercise and unhealthy diet has become common cause of cardiovascular diseases. Newly developed technology in medical field in metropolitan cities has given rise to heart surgeries which has boosts the Sternal Closure Systems Market. As cardiac surgeries had become routine surgery, it is determined that annually around one million heart surgeries are performed worldwide. Rate of coronary heart diseases are high in United States of America. According to data publishe
Read more