Pneumonia Vaccine Market Overview
Apart from this, in a recent study conducted by the WHO Child Health Epidemiology Reference Group stated that, global annual prevalence of pneumonia is studied to be over 150.7 million cases; which in turn support’s the fact that there is a high growing consciousness amongst the pediatric population that has fostered the demand for pneumonia vaccine products. However, high cost of pneumonia vaccine products are among the major factors obstructing market development during the forecast period 2021-2026.
Report Coverage
Key Takeaways
- The factors such as rise in aging population and increase in awareness regarding various pneumonia vaccines owing to rising prevalence of pneumococcal infections are amongst the major factor projected to impel growth of pneumonia vaccine market.
- Additionally, factors such as introduction of novel pneumonia vaccine products coupled with improved government support are to create opportunities paving a way for the growth in the market during forecast period 2021-2026.
Pneumonia Vaccine Market Segment Analysis - By Vaccine Type
In 2020, on the basis of vaccine type, pneumococcal conjugate vaccine segment accounted for the largest segmental revenue of the pneumonia vaccine market. The pneumococcal conjugate vaccine held the largest market on account of the fact that this vaccine is applicable for wide range of age groups such as from infants and children up to 5 years. Also, pneumococcal polysaccharide vaccine can be administered both intramuscularly and subcutaneously and is attributed to supplement the segment development.
On the contrary, pneumococcal polysaccharide vaccine segment is projected to witness healthy growth throughout the forecast period 2021-2026 with a CAGR of 5.80% since the usage of pneumococcal polysaccharide vaccine has been on the upswing owing to the fact that it’s proved efficient against invasive pneumococcal diseases in various young adults especially population aged 50 year and above is anticipated to fuel the sector growth in the product type segment during the forecast period 2021-2026.
Pneumonia Vaccine Market Segment Analysis - By Distribution Channel
On the basis of distribution channel, non-governmental organizations segment accounted for the largest segmental revenue of the pneumonia vaccine market in 2020. The introduction of non-governmental organisations can be attributed to the large share due to the fact that they serve as key hubs for the development of healthcare services worldwide and provide access to life-saving drugs to the economically disadvantaged community.
The global rise in the number of non-governmental organizations is attributed to increasing in the number of purchases that are made and provided directly to the customers are anticipated to positively affect market growth during the forecast period 2021-2026. On the other hand, government authorities segment is projected to dominate over the forecast period 2021-2026 with a CAGR of 5.50%. The government authorities are to witness a healthy growth owing to consumer awareness regarding the vaccines coupled with their willingness to spend more on government support regarding pneumonia immunization programs has been driving the government authorities segment across the globe.
Pneumonia Vaccine Market Segment Analysis - By Geography
North America is the major region dominating the pneumonia vaccine market with a market share of 34.89% in the year 2020. This can be attributed to the fact that the presence of well-established infrastructure, key market players as well the presence of various non-governmental organizations, and increasing average life expectancy and the median age in the region. Furthermore, according to a report published by the National Center for Immunization and Respiratory Diseases in the U.S., more than 250,000 people are hospitalized to pneumonia and about 50,000 people die from the disease each year in the U.S., which further fuels the regional market.
However, Asia-Pacific is projected to be the significant-growing market during the forecast period 2021-2026 as several countries such as India and China has large number of geriatric population coupled with a high prevalence of various government initiatives followed by enhanced healthcare facilities which is poised to propel the market growth throughout the Pneumonia Vaccine market forecast period 2021-2026.
Pneumonia Vaccine Market Drivers
Rapid Increase In Geriatric Population
Pneumonia Vaccine Market Challenges
High Cost Of Pneumonia Vaccine Products And Stringent Rules
Pneumonia Vaccine Market Landscape
Acquisitions/Product Launches
- In December 2020, Serum Institute of India announced the launch of India’s first indigenously developed pneumococcal vaccine – PNEUMOSIL®. PNEUMOSIL® is developed through collaboration amongst Serum Institute of India Pvt Ltd, PATH and Bill and Melinda Gates foundation. This significant milestone is aimed at improving pneumococcal conjugate vaccine affordability and enabling sustainable access for low-and middle-income countries.
- In March 2020, Pfizer Inc. announced top-line results from one of its Phase 3 studies, which evaluated the safety and immunogenicity of its 20-valent pneumococcal conjugate vaccine (20vPnC) candidate in adults 18 years of age or older not previously vaccinated against pneumococcal disease.
Relevant Reports:
LIST OF TABLES
1.Global PNEUMONIA VACCINES MARKET, BY VACCINE TYPE Market 2023-2030 ($M)1.1 Pneumococcal conjugate vaccine Market 2023-2030 ($M) - Global Industry Research
1.2 Pneumococcal polysaccharide vaccine Market 2023-2030 ($M) - Global Industry Research
2.Global PNEUMONIA VACCINES MARKET, BY PRODUCT TYPE Market 2023-2030 ($M)
2.1 Prevnar Market 2023-2030 ($M) - Global Industry Research
2.2 Synflorix Market 2023-2030 ($M) - Global Industry Research
2.3 Pneumovax23 Market 2023-2030 ($M) - Global Industry Research
2.4 Pipeline Products Market 2023-2030 ($M) - Global Industry Research
3.Global PNEUMONIA VACCINES MARKET, BY SECTOR Market 2023-2030 ($M)
3.1 Public sector Market 2023-2030 ($M) - Global Industry Research
3.2 Private sector Market 2023-2030 ($M) - Global Industry Research
4.Global PNEUMONIA VACCINES MARKET, BY DISTRIBUTION CHANNEL Market 2023-2030 ($M)
4.1 Distribution partner companies Market 2023-2030 ($M) - Global Industry Research
4.2 Non-governmental Organizations Market 2023-2030 ($M) - Global Industry Research
4.3 Government Authorities Market 2023-2030 ($M) - Global Industry Research
5.Global PNEUMONIA VACCINES MARKET, BY VACCINE TYPE Market 2023-2030 (Volume/Units)
5.1 Pneumococcal conjugate vaccine Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Pneumococcal polysaccharide vaccine Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global PNEUMONIA VACCINES MARKET, BY PRODUCT TYPE Market 2023-2030 (Volume/Units)
6.1 Prevnar Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Synflorix Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Pneumovax23 Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 Pipeline Products Market 2023-2030 (Volume/Units) - Global Industry Research
7.Global PNEUMONIA VACCINES MARKET, BY SECTOR Market 2023-2030 (Volume/Units)
7.1 Public sector Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 Private sector Market 2023-2030 (Volume/Units) - Global Industry Research
8.Global PNEUMONIA VACCINES MARKET, BY DISTRIBUTION CHANNEL Market 2023-2030 (Volume/Units)
8.1 Distribution partner companies Market 2023-2030 (Volume/Units) - Global Industry Research
8.2 Non-governmental Organizations Market 2023-2030 (Volume/Units) - Global Industry Research
8.3 Government Authorities Market 2023-2030 (Volume/Units) - Global Industry Research
9.North America PNEUMONIA VACCINES MARKET, BY VACCINE TYPE Market 2023-2030 ($M)
9.1 Pneumococcal conjugate vaccine Market 2023-2030 ($M) - Regional Industry Research
9.2 Pneumococcal polysaccharide vaccine Market 2023-2030 ($M) - Regional Industry Research
10.North America PNEUMONIA VACCINES MARKET, BY PRODUCT TYPE Market 2023-2030 ($M)
10.1 Prevnar Market 2023-2030 ($M) - Regional Industry Research
10.2 Synflorix Market 2023-2030 ($M) - Regional Industry Research
10.3 Pneumovax23 Market 2023-2030 ($M) - Regional Industry Research
10.4 Pipeline Products Market 2023-2030 ($M) - Regional Industry Research
11.North America PNEUMONIA VACCINES MARKET, BY SECTOR Market 2023-2030 ($M)
11.1 Public sector Market 2023-2030 ($M) - Regional Industry Research
11.2 Private sector Market 2023-2030 ($M) - Regional Industry Research
12.North America PNEUMONIA VACCINES MARKET, BY DISTRIBUTION CHANNEL Market 2023-2030 ($M)
12.1 Distribution partner companies Market 2023-2030 ($M) - Regional Industry Research
12.2 Non-governmental Organizations Market 2023-2030 ($M) - Regional Industry Research
12.3 Government Authorities Market 2023-2030 ($M) - Regional Industry Research
13.South America PNEUMONIA VACCINES MARKET, BY VACCINE TYPE Market 2023-2030 ($M)
13.1 Pneumococcal conjugate vaccine Market 2023-2030 ($M) - Regional Industry Research
13.2 Pneumococcal polysaccharide vaccine Market 2023-2030 ($M) - Regional Industry Research
14.South America PNEUMONIA VACCINES MARKET, BY PRODUCT TYPE Market 2023-2030 ($M)
14.1 Prevnar Market 2023-2030 ($M) - Regional Industry Research
14.2 Synflorix Market 2023-2030 ($M) - Regional Industry Research
14.3 Pneumovax23 Market 2023-2030 ($M) - Regional Industry Research
14.4 Pipeline Products Market 2023-2030 ($M) - Regional Industry Research
15.South America PNEUMONIA VACCINES MARKET, BY SECTOR Market 2023-2030 ($M)
15.1 Public sector Market 2023-2030 ($M) - Regional Industry Research
15.2 Private sector Market 2023-2030 ($M) - Regional Industry Research
16.South America PNEUMONIA VACCINES MARKET, BY DISTRIBUTION CHANNEL Market 2023-2030 ($M)
16.1 Distribution partner companies Market 2023-2030 ($M) - Regional Industry Research
16.2 Non-governmental Organizations Market 2023-2030 ($M) - Regional Industry Research
16.3 Government Authorities Market 2023-2030 ($M) - Regional Industry Research
17.Europe PNEUMONIA VACCINES MARKET, BY VACCINE TYPE Market 2023-2030 ($M)
17.1 Pneumococcal conjugate vaccine Market 2023-2030 ($M) - Regional Industry Research
17.2 Pneumococcal polysaccharide vaccine Market 2023-2030 ($M) - Regional Industry Research
18.Europe PNEUMONIA VACCINES MARKET, BY PRODUCT TYPE Market 2023-2030 ($M)
18.1 Prevnar Market 2023-2030 ($M) - Regional Industry Research
18.2 Synflorix Market 2023-2030 ($M) - Regional Industry Research
18.3 Pneumovax23 Market 2023-2030 ($M) - Regional Industry Research
18.4 Pipeline Products Market 2023-2030 ($M) - Regional Industry Research
19.Europe PNEUMONIA VACCINES MARKET, BY SECTOR Market 2023-2030 ($M)
19.1 Public sector Market 2023-2030 ($M) - Regional Industry Research
19.2 Private sector Market 2023-2030 ($M) - Regional Industry Research
20.Europe PNEUMONIA VACCINES MARKET, BY DISTRIBUTION CHANNEL Market 2023-2030 ($M)
20.1 Distribution partner companies Market 2023-2030 ($M) - Regional Industry Research
20.2 Non-governmental Organizations Market 2023-2030 ($M) - Regional Industry Research
20.3 Government Authorities Market 2023-2030 ($M) - Regional Industry Research
21.APAC PNEUMONIA VACCINES MARKET, BY VACCINE TYPE Market 2023-2030 ($M)
21.1 Pneumococcal conjugate vaccine Market 2023-2030 ($M) - Regional Industry Research
21.2 Pneumococcal polysaccharide vaccine Market 2023-2030 ($M) - Regional Industry Research
22.APAC PNEUMONIA VACCINES MARKET, BY PRODUCT TYPE Market 2023-2030 ($M)
22.1 Prevnar Market 2023-2030 ($M) - Regional Industry Research
22.2 Synflorix Market 2023-2030 ($M) - Regional Industry Research
22.3 Pneumovax23 Market 2023-2030 ($M) - Regional Industry Research
22.4 Pipeline Products Market 2023-2030 ($M) - Regional Industry Research
23.APAC PNEUMONIA VACCINES MARKET, BY SECTOR Market 2023-2030 ($M)
23.1 Public sector Market 2023-2030 ($M) - Regional Industry Research
23.2 Private sector Market 2023-2030 ($M) - Regional Industry Research
24.APAC PNEUMONIA VACCINES MARKET, BY DISTRIBUTION CHANNEL Market 2023-2030 ($M)
24.1 Distribution partner companies Market 2023-2030 ($M) - Regional Industry Research
24.2 Non-governmental Organizations Market 2023-2030 ($M) - Regional Industry Research
24.3 Government Authorities Market 2023-2030 ($M) - Regional Industry Research
25.MENA PNEUMONIA VACCINES MARKET, BY VACCINE TYPE Market 2023-2030 ($M)
25.1 Pneumococcal conjugate vaccine Market 2023-2030 ($M) - Regional Industry Research
25.2 Pneumococcal polysaccharide vaccine Market 2023-2030 ($M) - Regional Industry Research
26.MENA PNEUMONIA VACCINES MARKET, BY PRODUCT TYPE Market 2023-2030 ($M)
26.1 Prevnar Market 2023-2030 ($M) - Regional Industry Research
26.2 Synflorix Market 2023-2030 ($M) - Regional Industry Research
26.3 Pneumovax23 Market 2023-2030 ($M) - Regional Industry Research
26.4 Pipeline Products Market 2023-2030 ($M) - Regional Industry Research
27.MENA PNEUMONIA VACCINES MARKET, BY SECTOR Market 2023-2030 ($M)
27.1 Public sector Market 2023-2030 ($M) - Regional Industry Research
27.2 Private sector Market 2023-2030 ($M) - Regional Industry Research
28.MENA PNEUMONIA VACCINES MARKET, BY DISTRIBUTION CHANNEL Market 2023-2030 ($M)
28.1 Distribution partner companies Market 2023-2030 ($M) - Regional Industry Research
28.2 Non-governmental Organizations Market 2023-2030 ($M) - Regional Industry Research
28.3 Government Authorities Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Pneumonia Vaccine Market Revenue, 2023-2030 ($M)2.Canada Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
3.Mexico Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
4.Brazil Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
5.Argentina Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
6.Peru Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
7.Colombia Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
8.Chile Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
9.Rest of South America Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
10.UK Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
11.Germany Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
12.France Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
13.Italy Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
14.Spain Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
15.Rest of Europe Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
16.China Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
17.India Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
18.Japan Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
19.South Korea Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
20.South Africa Pneumonia Vaccine Market Revenue, 2023-2030 ($M)
21.North America Pneumonia Vaccine By Application
22.South America Pneumonia Vaccine By Application
23.Europe Pneumonia Vaccine By Application
24.APAC Pneumonia Vaccine By Application
25.MENA Pneumonia Vaccine By Application
26.GLAXOSMITHKLINE PLC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.LG CHEM LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.MERCK CO., INC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.PANACEA BIOTEC LIMITED, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.PFIZER INC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.PNUVAX INCORPORATED, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.SERUM INSTITUTE OF INDIA PVT. LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.SHENZHEN KANGTAI BIOLOGICAL PRODUCTS CO., LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.SK BIOSCIENCE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.WALVAX BIOTECHNOLOGY CO., LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)