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 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 Childers 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 new born baby within 24 hours of birth and three more doses within 6 months. This vaccination help to prevent the occurrence of hepatitis B among the newly born children’s. In addition, across the various country, the government provide the 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 of Pediatric Vaccines. The leading healthcare associations such as UNICEF, WHO, and other are taking initiative to provide various healthcare awareness programs across the Low and Middle-Income countries that contribute to the growth of pediatric vaccines market. However, the lack of medical services across the developing countries restrain the growth of the pediatric vaccine market. Moreover, the research and development to produce the novel vaccines and growing awareness about the immunization are projected create several opportunities in the pediatric vaccine market.
Among the geography, North America holds the maximum market share in the pediatric vaccine 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 vaccine 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 in the growth of the pediatric vaccine 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, Indian Immunologicals Limited, Mitsubishi Tanabe Pharma Corporation, Sinovac Biotech Ltd., GlaxoSmithKline plc, Serum Institute of India Pvt. Ltd., Eli Lilly Company, Pfizer, Inc. and SANOFI.
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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