A recent report published by Infinium Global Research
on pediatric vaccines market provides in-depth analysis of segments and
sub-segments in global as well as regional pediatric vaccines market. The study
also highlights the impact of drivers, restraints and macro indicators on the
global and regional pediatric vaccines market over the short term as well as
long term. The report is a comprehensive presentation of trends, forecast and
dollar values of global pediatric vaccines market. According to the report the
global pediatric vaccines market is projected to grow at a CAGR of 11.2% over
the forecast period of 2018-2024.
Pediatric vaccines are the
recommended routines of immunizations given by the centers for disease control
and prevention (CDC) to the children’s to prevent them from the subsequent
infection or disease. According to the WHO, Immunization is a proven tool for
controlling and eliminating life-threatening infectious diseases and is
estimated to avert between 2 and 3 million deaths each year. The International immunization program for
the Childers have many common vaccines across the world but these vaccines may
change depending upon the region. Vaccines work best when they are given at certain ages so they are
mostly given to the children of age below 12. chickenpox, diphtheria, hepatitis
A hepatitis B, human papillomavirus (HPV) are some of the important and common
pediatric vaccines given across the world. They are the most common
vaccine-preventable diseases that are found in the children’s.
The growing incidence of
chronic disease and rising awareness about the importance of early vaccination
are driving the growth of the pediatric vaccines market. For instance,
hepatitis B is a virus infection that attacks the liver and can cause both
acute and chronic disease. The first dose of the hepatitis B vaccine is given
to the newborn baby within 24 hours of birth and three more doses within 6
months. This vaccination helps to prevent the occurrence of hepatitis B among
the newly born children’s. In addition,
across the various country, the government provide free immunization to the
children’s through various vaccination programs. Government and non-government
agencies across various countries are rising their funding in the pediatric
vaccination that is likely to boost the demand for pediatric vaccines. The
leading healthcare associations such as UNICEF, WHO, and others are taking
initiative to provide various healthcare awareness programs across the low and
middle-Income countries that contribute to the growth of the pediatric vaccines
market. However, the lack of medical services across the developing countries
restrain the growth of the pediatric vaccines market. Moreover, the research and
development to produce the novel vaccines and growing awareness about the
immunization are projected to create several opportunities in the pediatric
vaccines market.
Among the geography, North
America holds the maximum market share in the pediatric vaccines market. The
developed healthcare infrastructure, favorable government policies, and strong
research and ongoing development of new and effective pediatric vaccines are
driving the growth of the pediatric vaccines market. In addition, Asia-Pacific
is the fastest growing region in the pediatric vaccines market owing to the
rising occurrence of chronic diseases, the government initiative to provide
free vaccinations and growing awareness about the Immunizations. The developing
healthcare infrastructure and a rapidly growing population are anticipated to
contribute to the growth of the pediatric vaccines market in the Asia-Pacific.
The report on global pediatric vaccines market covers
segments such as vaccine type, technology, application, and end user. On the
basis of vaccine type the global pediatric vaccines market is categorized into
monovalent and multivalent. On the basis of technology the global pediatric
vaccines market is categorized into attenuated live viruses, inactivated
viruses, recombinant, subunits, toxoids, conjugates, and polysaccharides. On the
basis of application, the global pediatric vaccines market is categorized into
infectious disease, allergy, and cancer. On the basis of end user the global
pediatric vaccines market is categorized into hospitals, pediatric clinics,
research organizations, and others.
The countries covered in the North America region
include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan,
India, South Korea, Malaysia, and among others. Moreover, Germany, U.K.,
France, Spain, and Rest of Europe are included in the European region. The U.S.
drives the growth in the North America region as it is the largest market in
the region. The Asia-Pacific region offers a substantial potential for the
market growth owing to rapid growth in markets such as India and China. The
APAC region is projected to experience a growth at a CAGR of x.x% over the
period of 2018-2024.
The report provides profiles of the companies in the
global pediatric vaccines market such as Merck Sharp & Dohme Corp, Sanofi S.A.,
Indian Immunologicals Limited, Mitsubishi Tanabe Pharma Corporation, Sinovac
Biotech Ltd., GlaxoSmithKline PLC, Serum Institute of India Pvt. Ltd., Eli
Lilly Company, Pfizer, Inc.
The report provides deep insights on demand forecasts,
market trends, and micro and macro indicators. In addition, this report provides
insights on the factors that are driving and restraining the global pediatric
vaccines market. Moreover, IGR-Growth Matrix analysis given in the report
brings an insight on the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of pediatric
vaccines market. Moreover, the study highlights current market trends and
provides forecast from 2018-2024. We also have highlighted future trends in the
pediatric vaccines market that will impact the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight on the market share of the leading players. This report will help
manufacturers, suppliers, and distributors of the pediatric vaccines market to
understand the present and future trends in this market and formulate their
strategies accordingly.
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