According to the latest report by IMARC Group,the global pneumococcal vaccine market size grew at a CAGR of 5% during 2015-2020.Pneumococcal vaccines are used to enhance immunization against the bacterium streptococcus pneumoniae that causes meningitis, sepsis and pneumonia. There are two types of pneumococcal vaccines, namely pneumococcal conjugate (PCV13) and pneumococcal polysaccharide vaccine (PPSV23).
2. Report Description
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Report Description and Highlights
Global Pneumococcal Vaccine Market Outlook 2026:
According to the latest report by IMARC Group, titled "Pneumococcal Vaccine Market: Global Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global pneumococcal vaccine
market size grew at a CAGR of 5% during 2015-2020.
Pneumococcal vaccines are used to enhance immunization against the bacterium streptococcus
pneumoniae that causes meningitis, sepsis and pneumonia. There are two types of pneumococcal
vaccines, namely pneumococcal conjugate (PCV13) and pneumococcal polysaccharide vaccine
(PPSV23).
These vaccines stimulate the immune system response of an individual to produce antibodies against
the bacteria, which helps to prevent the spread of the infection, reduce fatality rate, and eliminate the
need for emergency hospitalization.
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4. Report Description
Report Description and Highlights
Global Pneumococcal Vaccine Market Trends:
The increasing prevalence of pneumococcal diseases in young children and the rising geriatric
population represents the key factor driving the market growth. This is further supported by the
introduction of PCV13 in infant routine immunization by the healthcare sector.
Additionally, the rising number of smokers, who are more prone to developing pneumonia, is acting as
a growth-inducing factor. Moreover, governments of various nations are creating awareness and
organizing immunization programs across the globe for the prevention of the disease, which is
contributing to the market growth.
In line with this, the sudden outbreak of coronavirus disease (COVID-19) has escalated the utilization of
pneumococcal vaccines as a preventive measure against increasing lung infections.
5. Market Summary:
Breakup by Vaccine Type:
• Pneumococcal Conjugate Vaccine
• Pneumococcal Polysaccharide Vaccine
Breakup by Product Type:
• Prevnar 13
• Synflorix
• Pneumovax 23
Breakup by End User:
• Pediatrics
• Adults
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6. Breakup by Distribution Channel:
• Distribution Partner Companies
• Non-Governmental Organizations (NGO)
• Government Authorities
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Middle East and Africa
• Latin America
Looking forward, the market is expected to exhibit moderate growth during 2021-2026.
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7. Competitive Landscape With Key players:
• Astellas Pharma Inc
• GlaxoSmithKline Plc
• Merck & Co. Inc
• Panacea Biotec Ltd
• Pfizer Inc
• Sanofi S.A
• Serum Institute of India Pvt Ltd
• Walvax Biotechnology Co. Ltd
View Report TOC, Figures and Tables: https://www.imarcgroup.com/pneumococcal-vaccine-market
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Partial List of Clients
9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients