Pediatric Vaccines Market worth US $2.5Bn in 2019 with a CAGR of 7.00%

 

Pediatric vaccines are the vaccines used to prevent diseases such as pneumococcal disease, influenza, measles, mumps, and rubella and other diseases. The pediatric vaccines are given to the children up to a certain age to boost immunity against certain bacteria and virus. The pediatric vaccines market has attained maturity, in terms of some of the disease segments (like polio), for some diseases the vaccines are not yet developed, so the market for vaccines is not yet getting mature.

The report " Global Pediatric Vaccines Market, By Technology (Live Attenuated, Inactivated, Toxoid, Conjugate, and Other Technologies), By Vaccine Type (Monovalent, and Multivalent), By Application (Pneumococcal Disease, Influenza, Measles, Mumps, and Rubella (MMR) and Other Applications), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030. The global pediatric vaccines market is growing up to the US $ 2.5 billion in 2019. 

Key Highlights:

·         In 2018, GlaxoSmithKline PLC. signed an agreement with Novartis to secure full ownership of the consumer healthcare business.

Key Market Insights from the report:        

The market report has been segmented based on technology, vaccine type, application, and region.

·         By technology, the global pediatric vaccines market is segmented into live attenuated, inactivated, toxoid, conjugate, and other technologies

·         By vaccine type, the global market is bifurcated into monovalent, and multivalent

·         By application, the target market is segmented into pneumococcal disease, influenza, measles, mumps, and rubella (MMR) and other applications

·         By Region, the global market in North America is projected to estimate for highest revenue share, followed by the Europe market. The Asia- Pacific region is dominating region in the pediatric vaccine market due to a rise in government funding for the vaccination and due to increasing population. The increasing awareness about vaccines in the Asia-Pacific region drives the growth of the global market.

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The prominent player operating in the global pediatric vaccines market includes GlaxoSmithKline PLC., Indian Immunologicals Limited, AstraZeneca, Merck & Co. Inc., Mitsubishi Tanabe Pharma Corporation, Johnson & Johnson, Pfizer Inc., Sanofi SA, and Seqirus (CSL Limited)

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About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

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