Meningococcal Conjugate Vaccine Market Growing at a CAGR of 4.12% During Forecast Period 2020-2025


Posted October 6, 2020 by Blessy_Joy

Low manufacturing cost and increasing healthcare spending is set to further enhance the overall demand of meningococcal conjugate vaccine market during the forecast period 2020-2025.

 
Meningococcal Conjugate Vaccine Market size is forecast to reach $1.83 billion by 2025, growing at a CAGR of 4.12% during the forecast period 2020-2025. Meningococcal conjugate vaccine is used to prevent infection caused by meningococcal bacteria. Rising government awareness programs and increasing government interventions are the major factors driving the growth of the market. Low manufacturing cost and increasing healthcare spending is set to further enhance the overall market demand of meningococcal conjugate vaccine during the forecast period 2020-2025. 

Key Takeaways

North America dominated the Meningococcal Conjugate Vaccine Market in 2019 owing to the growing use of meningococcal vaccines for immunization. The Meningococcal Conjugate Vaccine Market scope for different regions will be provided in the final report.
Enhanced access to Meningococcal Vaccines in underpenetrated regions and highly unpredictable circulation of meningococcal bacteria is likely to aid in the market growth of Meningococcal Conjugate Vaccine.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Meningococcal Conjugate Vaccine Market report.
Lack of awareness of the harmful effect of meningitis on toddlers and young children is poised to create hurdles for the Meningococcal Conjugate Vaccine Market.

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Geography - Segment Analysis

North America dominated the meningococcal conjugate vaccine market in 2019 with a share of more than 36.5%, followed by Asia Pacific owing to rising incidences of meningitis and supportive government initiatives and growing efforts of healthcare organizations to curb meningococcal disease .Owing to the rising population, the meningococcal disease is also increasing. Improving healthcare infrastructure, development of quality vaccines at an affordable price and growing awareness about meningococcal vaccination & associated immunization is boosting the growth of meningococcal conjugate vaccine market in the North America region.

However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to development of combination vaccines and government regulations.

Drivers – Meningococcal Conjugate Vaccine Market

Rising government awareness programmes and increasing government interventions
Low manufacturing cost and increasing healthcare spending 


Meningococcal Conjugate Vaccine Industry Outlook

Meningococcal conjugate vaccine  top 10 companies are Baxter International Inc, Biomed Pvt.Ltd , Glaxosmithkline Plc, International Medical Corporation, Merck Co.Inc, Novartis Ag, Pfizer Inc  and Sanofi Pasteur among others.

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Issued By Blessy
Business Address IndustryARC
Country India
Categories Business , Health
Tags Meningococcal Conjugate Vaccine Market , Meningococcal Conjugate Vaccine Market share , Meningococcal Conjugate Vaccine Market Report , Meningococcal Conjugate Vaccine Market Research
Last Updated October 6, 2020