As children’s healthcare becomes increasingly important, the pediatric vaccine market continues to grow and is critical to global health initiatives, providing protection against infectious diseases.
Newark, DE:, September. February 25, 2023 (GLOBE NEWSWIRE) — In 2023, the pediatric vaccine market is expected to be worth US$54.1301 billion. The market is expected to grow at a CAGR of 13.1% and will be worth US$184,706.7 million by 2033. Therefore, this indicates that the pediatric vaccines market will witness significant growth in the coming years.
In 2021, the market value of pediatric vaccines will account for approximately 31.9% of the total global vaccine market of US$138.7 billion. According to historical analysis conducted by Future Market Insights, sales of pediatric vaccines have grown at a compound annual growth rate of 9.4% from 2017. 2014 to 2021.
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The global pediatric vaccines market demand is expected to grow over the forecast period owing to rising number of live births and rise in infectious diseases such as pneumonia, malaria, diarrhea, and tuberculosis. Vaccination using cutting-edge technology is constantly evolving. Additionally, key market players are likely to focus on overcoming various supply and production constraints in the vaccine industry to gain an edge in the pediatric vaccines market.
Some deadly diseases such as hepatitis A, hepatitis B and HPV (human papillomavirus, polio, tetanus and rubella) mainly affect the pediatric population due to weak immune systems. Pediatric vaccines can protect children affected by such diseases and will expand the global market. As the demand for pediatric vaccines is growing steadily, industry players are focusing on pediatric vaccines. There are many cases of infection around the world, and children have weaker immune systems and are more susceptible to infections. , therefore the global pediatric vaccine market continues to expand.
“Pediatric vaccines are an integral part of children’s health care,” the research manager emphasized, according to the lead analyst’s recent research. “These vaccines provide vital protection against preventable diseases, safeguarding children’s health and well-being, and Contributed to global public health initiatives.
Main points
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Increasing investments by governments and NGOs in creating awareness and preferential reimbursement policies are expected to drive the growth of the market. Additionally, greater emphasis on immunization programs to increase awareness about the benefits of vaccination and expand vaccine accessibility by making the vaccine available at affordable prices in government facilities will boost the market expansion of pediatric vaccines.
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Various factors such as economic growth in emerging markets, increasing public awareness about vaccines and immunization, and parents’ understanding of vaccines and advanced functions after use will boost sales in the overall market.
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Research collaborations for innovative vaccine development are increasing significantly and end-user administration to expand vaccine coverage is a key factor boosting the growth of the global pediatric vaccines market.
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The global pediatric vaccines market is expected to experience significant growth throughout the assessment period owing to recent developments and breakthroughs in next-generation rotavirus vaccines.
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In recent years, the development of new, more effective vaccines has significantly reduced the incidence of diarrheal hospitalizations in children five years and younger. This is a major driver of increased demand for pediatric vaccines.
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Furthermore, when integrated into national immunization programmes, rotavirus has been shown to be a fully effective, long-term and cost-effective treatment. Therefore, demand is emerging in the pediatric vaccine market.
pediatric vaccines Market size:
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Attributes |
detail |
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Pediatric Vaccine Market Value in 2023 |
US$54.1301 billion |
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Estimated market value in 2033 |
US$184.7067 billion |
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Value-based CAGR from 2023 to 2033 |
13.1 |
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competitive landscape
The pediatric vaccine manufacturing market is fragmented with multiple competitors. These businesses are using strategies such as collaborations, partnerships, mergers, acquisitions, and new product launches to meet consumer demands and expand their customer base.
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pediatric vaccines market segmentation:
Follow the instructions:
By technology:
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Live or attenuated vaccines
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Inactivated or inactivated vaccines
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toxoid vaccine
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conjugate vaccine
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subunit vaccine
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Recombinant vector vaccine
By vaccine:
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monovalent vaccine
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polyvalent vaccine
By end user:
By region:
author:
Sabyasachi Ghosh (Vice President, Future Market Insights, Inc.) has over 12 years of experience in the healthcare, medical device and pharmaceutical industries. His curiosity and analytical skills have helped shape his research career.
It comes naturally to them to identify their clients’ key challenges and design powerful, hypothesis-based solutions that empower them to make strategic decisions. His primary expertise lies in the areas of market entry and expansion strategy, feasibility studies, competitive intelligence and strategic transformation.
Sabyasachi holds a degree in microbiology, has numerous publications, and has been cited in journals such as Journal of Mobile Health, ITN Online, and Spine Surgery News.
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