About Meningococcal Vaccines
Meningococcal vaccine is used to prevent diseases caused due to Neisseria meningitidis, also known as meningococcus, is a Gram-negative bacterium that can cause meningitis and other forms of meningococcal disease such as meningococcemia. Meningococcal vaccines are witnessing a substantial demand in line with a notable rise in their use outside of routine immunization. The growing use of meningococcal vaccines for immunization of special risk groups, including travelers, or military personnel, and for recommended but not-reimbursed immunization, is fueling gains in the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Meningococcal Vaccines market is fragmented and the leading pharmaceutical companies are working on their research and development team to clear all the clinical trials and get approval from the FDA to launch its vaccines. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Meningococcal Vaccines market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Pfizer Inc. (United States), Novartis AG (Switzerland), Sanofi (France), Merck & Co. (United States), Serum Institute of India (India), GlaxoSmithKline (United Kingdom), Bio-Manguinhos (Brazil), Biomed Pvt. Ltd (India) and Baxter International, Inc (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Meningococcal Vaccines market by Type (Polysaccharide Vaccines, Conjugate Vaccines, Combination Vaccines and Others), Application (Pneumonia, Meningitis, Bacteremia and Others (Arthritis, Conjunctivitis, Urethritis)) and Region.
On the basis of geography, the market of Meningococcal Vaccines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Brand, the sub-segment i.e. Menactra will boost the Meningococcal Vaccines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Pharmacies will boost the Meningococcal Vaccines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age, the sub-segment i.e. Infants will boost the Meningococcal Vaccines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in Public-Private Partnerships to Support Development of Vaccines at Low Cost
Market Growth Drivers:
Rising Incidence Of Meningitis Disease and Growing Support By Healthcare Services
Challenges:
Lack of Awareness of the Harmful Effects of Meningitis on Toddlers and Young Children
Restraints:
High Cost Associated With Storage And Supply Of Vaccines
Opportunities:
Increasing Immunization Programs And Government Initiatives and Rising R&D In Meningococcal Vaccines
Market Leaders and their expansionary development strategies
In June 2022, Pfizer Inc., announced that it has entered into an agreement with GlaxoSmithKline (GSK) to acquire its quadrivalent meningitis ACWY vaccines, Nimenrix and Mencevax, for a total consideration of approximately USD 130 million (€115 million).
In September 2022, Pfizer Inc. announced positive top-line results from the pivotal Phase 3 trial (NCT04440163) assessing the safety, tolerability, and immunogenicity of its investigational pentavalent meningococcal vaccine (MenABCWY) in healthy individuals 10 through 25 years of age.
Key Target Audience
Meningococcal Vaccines Manufacturers, Meningococcal Vaccines Suppliers, Raw Material Suppliers, Research and Development Organization, Potential Investors and Government Agencies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.