The Global Pediatric Vaccine market is expected to reach US$42.865 billion by 2023 from US$21.144 billion in 2017 growing at a CAGR of 12.50%. Vaccination and immunization of children are essential components of modern medicine and may vary slightly depending upon the region, even though many vaccines are common.
These vaccines help protect children from various diseases by helping develop immunity (protection) against diseases before they come into contact with them. Vaccines are started at early age children are at increased risk for infectious diseases because their immune systems have is yet to built up the necessary defenses to fight serious infections and diseases. The growth may be attributed to the rising awareness among people regarding the importance of immunization. An increase in government and non-government funding in research and development of the vaccines will also augment the market growth for pediatric vaccines during the given time frame. However, the high cost of the immunization vaccine may hamper the growth of the market during the given time frame.
This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global pediatric Vaccine market value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and more efficient understanding of the global pediatric vaccine market.
Major industry players profiled as part of the report are Serum Institute of India Pvt. Ltd., Novartis AG, and GlaxoSmithKline plc among others.
Subunit, recombinant, polysaccharide, and conjugate vaccines
Middle East and Africa
Merck Sharp & Dohme Corp.
VBI Vaccines Inc.
Serum Institute of India Pvt. Ltd.
Mitsubishi Tanabe Pharma Corporation
Seqirus (CSL Limited)
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