PUBLISHER: Orion Market Research | PRODUCT CODE: 1215609
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215609
Title:Global Conjugate Vaccine Market Size, Share & Trends Analysis Report By Product Type (Multivalent Conjugate Vaccines, Monovalent Conjugate Vaccines) By Disease (Meningococcal, Diphtheria Tetanus Pertussis, Influenza, Pneumococcal, and Others) By Patient Type (Adults and Pediatric) By Pathogen Type (Bacterial Conjugate Vaccine, Viral Conjugate Vaccine and Combination Vaccine) Forecast 2022-2028.
The global conjugate vaccine market is anticipated to grow at a substantial CAGR of 10.2% during the forecast period. The increasing number of pneumococcal disease is significantly growing the market for conjugate vaccine. Conjugate vaccine can be used for several different infections. The growing cases of blood infection , ear infection , sepsis across the globe, are in turn contributing to the growth of the global conjugate vaccine market. For instance, according to WHO, report published on 8 September 2020, sepsis kills 11 million people each year, many of them children. Around half of the 49 million cases of sepsis each year occur among children, resulting in 2.9 million deaths.
The global conjugate vaccine market is segmented based on product type, disease, patient type and pathogen type. Based on product type the market is segmented into multivalent conjugate vaccines, and monovalent conjugate vaccines. Based on disease the market is bifurcated into meningococcal, diphtheria tetanus pertussis, influenza, pneumococcal, and others. Based on patient type the market is segmented into adults and pediatric. Based on pathogen type the market is segmented into bacterial conjugate vaccine, viral conjugate vaccine and combination vaccine. Based on disease the diphtheria tetanus pertussis segment is anticipated to grow at the fastest rate, due to the rising number of respiratory problems among geriatric population, paralysis, heart failure which is fueling the global conjugate vaccine market. According to WHO, 1 in 200 infections leads to irreversible paralysis and among those paralyzed, 5% to 10% die when their breathing muscles become immobilized.
Geographically market is segmented into: North America, Europe, Asia-Pacific, and the Rest of the World. North America dominates the market and is expected to continue its dominance over the forecast period. The growth can be attributed to the increasing number of infectious diseases and increasing adoption of conjugate vaccine. Due to awareness about meningococcal, diphtheria tetanus pertussis, influenza, pneumococcal, and other vaccine the demand for conjugate vaccine is set to increase over the coming years, which in turn, will contribute to the growth of the market in the North America region. According to Centre for Disease Control and Prevention (CDC), in the US, around 48.1% adults aged over 18 received influenza vaccination in 2019-2020.. Further the presence of key market players is also growing the demand for the conjugate vaccine. Also, around 14.4 people have been killed due to pneumonia in US.
The major companies serving the global conjugate vaccine market are Merck & Co., GlaxoSmithKline Plc., Bharat Biotech and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnership, collaborations, fundings, and new product launches, to stay competitive in the market. For instance, in 2021 Sanofi and GSK announce positive preliminary booster data for their COVID-19 vaccine candidate and continuation of Phase 3 trial as per independent Monitoring Board recommendation.
Research Methodology
The market study of the global conjugate vaccine market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: