The latest research study “Pediatric Vaccines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global pediatric vaccines market size reached US$ 34.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 54.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.
Pediatric vaccines or immunizations refer to the medical supplies that create immunity in children, infants, and adolescents. They are utilized for the treatment, prevention, and management of diseases and are typically available in monovalent and multivalent variants. Pediatric vaccines are commonly used in cardiology, critical care, oncology, and pulmonology departments. They assist in protecting children from various serious illnesses, such as measles, brain swelling, polio, paralysis, diarrhea, and hepatitis. Pediatric vaccines are effective, promote a healthier life, are safe, and protect against infectious or noninfectious diseases.
Request a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/pediatric-vaccines-market/requestsample
Pediatric Vaccines Market Trends and Drivers:
The increasing prevalence of various chronic diseases is a key driver for the growth of the pediatric vaccines market. Additionally, the development of safe and effective vaccinations to combat dangerous illnesses spread from child to child is further fueling market expansion. Notably, the introduction of new pediatric vaccines designed to treat adolescents and children with relapsing forms of multiple sclerosis (RMS) is also contributing to the global market’s growth.
Moreover, there is a growing need to promote public health, and many countries are recognizing the cost-effective benefits of widespread vaccine utilization. This realization acts as a significant factor in propelling market growth. Furthermore, the rising demand for conjugate vaccines, which contain antigens capable of eliciting immunological memory and reducing asymptomatic carriage of bacteria, is also stimulating the market.
Alongside these factors, there is a notable increase in awareness about early disease diagnosis and prevention. This, coupled with the surge in research and development (R&D) activities, and the implementation of government policies to facilitate accurate and timely vaccination administration, is anticipated to drive the pediatric vaccines market in the forecasted period.
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/pediatric-vaccines-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Bio-Med Private Limited
- Abbott Laboratories
- Daiichi Sankyo Company Limited
- GSK plc,
- Indian Immunologicals Limited (National Dairy Development Board)
- Merck & Co. Inc.
- Mitsubishi Tanabe Pharma Corporation (Mitsubishi Chemical Holdings Corporation)
- Panacea Biotec Limited
- Pfizer Inc.
- Sanofi S.A.
- Sinovac Biotech Ltd.
The report has segmented the market on the basis of type, technology and application.
- Breakup by Type:
- Multivalent
- Monovalent
Breakup by Technology:
- Conjugate
- Live Attenuated
- Inactivated
- Subunit
- Toxoid
- Others
Breakup by Application:
- Infectious Disease
- Cancer
- Allergy
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800