Meningitis Vaccines Market: Global Size, Share, Trends, Growth and Forecast, 2022-2032
Meningitis Vaccines Market Overview and Definition
Meningitis is an inflammation of the membranes that surround the brain and spinal cord, which can be caused by bacterial, viral, or fungal infections. Meningitis vaccines are a type of immunization that helps prevent meningitis by stimulating the body's immune system to produce antibodies against the bacteria that cause meningitis.
The meningitis vaccines market includes the production, sale, and distribution of meningitis vaccines for the prevention of bacterial meningitis caused by various strains of meningococcal bacteria, such as serogroups A, B, C, W, X, and Y. Meningitis vaccines are typically administered through injection or nasal spray and can provide protection against meningitis for a certain period of time, depending on the type of vaccine.
The global meningitis vaccines market has been growing steadily over the years, driven by increasing awareness of the potential severity and complications of meningitis, as well as by the growing emphasis on preventive healthcare. The market includes various types of meningitis vaccines, such as conjugate vaccines, polysaccharide vaccines, and combination vaccines, among others. Popular meningitis vaccine manufacturers include Pfizer, Sanofi, Novartis, and GlaxoSmithKline, among others.
The meningitis vaccines market is anticipated to flourish at a CAGR of 17.8% over the forecast period i.e. 2022-2032. Further, the market for meningitis vaccines was valued at USD XXX.X Million in 2019.
Growth Drivers – Meningitis Vaccines Market
Increasing Cases of Meningitis vaccines
Increasing incidence of indications of many meningitis vaccines and rising old age population of the globe is a major growth driver of global meningitis vaccines market. Further, it is anticipated that number of patients living with OA is anticipated to increase by 10.1% during 2019-2025. This factor is further expected to strengthen the growth of global meningitis vaccines market.
26 African countries in “meningitis belt” is going through various mass campaigns and achieving higher coverage rates. Moreover, various countries in Africa had introduced meningococcal A conjugate vaccine through mass campaigns in the past three years.
Market Growth to Come from Developing Nations
Entry of new products in the market is set to drive the market growth during the forecast period. Various major market players are focusing on introduction and expansion of their product portfolio. Further, development of new drugs helps to cure the diseases more effectively and are witnessing widescale adoption in various nations.
Barriers – Meningitis Vaccines Market
High Cost of Meningitis Vaccine
Factors such as high cost of vaccines, lack of awareness and low diagnosis rate in developing and under-developed nations are anticipated to hamper the growth of global meningitis vaccine market.
The meningitis vaccines market by vaccines is segment into polysaccharide vaccines, conjugate vaccines and combination vaccines. The market for polysaccharide vaccines is anticipated to witness significant growth during the forecast period. Factors such as growing usage of meningitis vaccines in children is anticipated to drive the growth global meningitis vaccines market.
Further, global meningitis vaccines market is also segmented by diseases type into viral meningitis, bacterial meningitis, meningococcal disease, pneumococcal meningitis, TB meningitis, fungal meningitis, Hib meningitis and others. Bacterial meningitis segment captured significant market share during the forecast period. Further, viral meningitis segment is anticipated to witness highest growth in the upcoming years.
Geographically, the report offers analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In meningitis vaccines market, North America captured the largest percentage of market in global meningitis vaccines market. With a market share of approximately 41.3% in 2019, U.S. market contributed majorly in global meningitis vaccines market. It is anticipated that one in four adults are diagnosed with rheumatic disorder in America. Addition to that, favorable government policies is envisioned to bolster the growth of global meningitis vaccines market. Asia Pacific meningitis vaccines market is anticipated to witness robust growth during the forecast period. Base of large patient population and rising government focus to boost healthcare in the region is anticipated to impel the growth of Asia Pacific meningitis vaccines market.
The report profiles various major market players such as;
- Johnson & Johnson
- Eli Lilly
- Bristol-Myers Squibb
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in meningitis vaccines market.
Timeline Considered for Analysis:
- 2014 to 2018: Historical Review
- 2020: Base Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global meningitis vaccines market by the following segments:
- Site of Action
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Meningitis Vaccines Industry Report:
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?