29 October 2020
Visiongain has published a new report on Meningococcal Vaccines Market Report : Forecasts by Serogroup (MenACWY, MenB/BC, MenC, MenAC and MenA), Vaccine Type (Conjugate, Polysaccharide and Subcapsular) and End User (Paediatric, Adults and Travellers). PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Meningococcal Vaccines market was valued at US$ xx billion in 2020 and is projected to reach at a market value of US$ xx billion by 2031.
Meningococcal diseases is caused by a type of bacteria, it can lead to an infection of the bloodstream or meningitis, or both, and can be life taking if not quickly treated. The meningococcal conjugate vaccines are very affective at protecting against four strains of the bacteria while the MenB vaccine protects against a fifth strain.
Two kinds of meningococcal vaccines are given to kids.
- The meningococcal conjugate vaccines
- The meningococcal B vaccines.
Vaccination with meningococcal conjugate is recommended when kids are of 11 or 12 years old with a booster given at the age of age of 16. For children 13 to 18 years of age who are not given vaccination yet.
Increase in occurrences of meningococcal diseases rapidly has led to the development of meningococcal vaccine globally. Moreover, surge in immunization programs across the globe with regards to various disease including meningococcal bacteria has also boost the growth of the market.
Meningococcal vaccines are witnessing a considerable demand in line with a notable rise in their use for routine immunization. Growing use of meningococcal vaccines for immunization of special risk groups, including travellers or military personnel, and for recommended but not reimbursed immunization is fuelling gains in the market.
North America dominated the Meningococcal vaccines market and recorded for a significant revenue share 2019, followed by Europe. Favourablesanctions and support from government and huge investments in R&D are some factors driving the North American market. For instance, in December 2019, NACI (National Advisory Committee on Immunization) published scientific information and recommendation on MenB-fHBP (bivalent factor-H binding protein meningococcal serogroup B) vaccine (Trumenba).
Asia Pacific market for Meningococcal vaccines is expected to grow at a noteworthy rate during the analysis period. The increasing paediatric population and growing initiatives by the government to fight the rising occurrence of the illness are paving the way towards the growth of meningococcal vaccines market in this region.
Global meningococcal vaccines market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. Complete competitive analysis and profiles of major meningococcal vaccine market players such as Bio-Manguinhos, Bio-Med Pvt. Limited, Chongqing Zhifei Biological Products Co., Ltd., GlaxoSmithKline Plc, Hualan Biological Engineering Inc., Incepta Pharmaceuticals Ltd., Pfizer Inc., Sanofi S.A., Serum Institute of India Pvt. Ltd, and Walvax Biotechnology Co., Ltd. are profiled in this report.
The existence of a strong production in progress of meningococcal vaccines is expected to maintain a significant market share of the key players. For instance, Pfizer has established a new molecular entity named PF-06886992 for Serogroups ABCWY Meningococcal Infections which is currently in Phase II clinical trials.
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