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What key factors are powering the surge in the meningococcal vaccines market right now?

The market size for meningococcal vaccines has seen a swift expansion in recent times. The market, which is forecasted to increase from $3.89 billion in 2024 to $4.29 billion in 2025, will experience a compound annual growth rate (CAGR) of 10.3%. Factors that have contributed to the growth in the past period include the occurrence of the disease, global travel patterns, the state of healthcare infrastructure, readiness for epidemics, and the extent of health insurance coverage.

How fast Is the meningococcal vaccines market expected to grow, and what’s its future value?

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What are the leading drivers of growth in the meningococcal vaccines market?

The rise in healthcare expenditures is projected to boost the expansion of the meningococcal vaccine market. Healthcare encompasses establishments such as residential care institutions, nursing facilities, and intermediate care facilities for individuals with mental illnesses or mental retardation. The increased cost of novel vaccine generations in comparison to their forerunners has sparked debates about whether their benefits validate their high price tags. Research into the comprehensive social and economic benefits of vaccination is becoming more crucial in the field of vaccine valuation. For example, a May 2022 article published by the American Medical Association, a professional and lobbying group for physicians and medical students in the US, revealed that healthcare spending in the country had surged by 9.7% to $4.1 trillion, or $12,530 per individual. This growth rate considerably surpasses the one recorded in 2019 (4.3%). As such, the hike in healthcare expenditures is facilitating the growth of the meningococcal vaccine market.

What are the key segments defining the meningococcal vaccines market?

The meningococcal vaccines market covered in this report is segmented –

1) By Vaccine Type: Meningococcal Conjugate Vaccine, Polysaccharide, Subcapsular Vaccine

2) By Serotype: Men Acwy, Men B/Bc, Men C

3) By Age Group: Infants, Children, Adolescents and Young Adults, Adults

4) By Distribution Channel:: Pharmacies, Community Clinics, Public Health Agencies, Other Channels

5) By End user: Hospitals, Research, Academic Institutes

Subsegments:

1) By Meningococcal Conjugate Vaccine: Quadrivalent Conjugate Vaccine (MenACWY), Bivalent Conjugate Vaccine

2) By Polysaccharide Vaccine: Meningococcal Polysaccharide Vaccine (MPSV4), Group C Polysaccharide Vaccine

3) By Subcapsular Vaccine: Meningococcal B Vaccine (MenB), Combination Subcapsular Vaccines

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Who are the key players steering the development of the meningococcal vaccines market?

Major companies operating in the meningococcal vaccines market include Pfizer Inc., GlaxoSmithKline plc, Sanofi Pasteur, Merck & Co. Inc., Serum Institute of India Pvt. Ltd., Bio-Manguinhos, Walvax Biotechnology Co. Ltd., Bavarian Nordic A/S, Hualan Biological Engineering Inc., China National Pharmaceutical Group (Sinopharm), Bharat Biotech, Incepta Pharmaceuticals Ltd., Biological E. Limited, Chongqing Zhifei Biological Products Co. Ltd., Biokangtai, Biomed Pvt Ltd., Biocine SCL, Panacea Biotec Ltd., Grifols S.A., CSL Limited, Minhai Biotechnology Co. Ltd., Chiron Behring Vaccines Pvt. Ltd., Shenzhen Kangtai Biological Products Co. Ltd.

What emerging trends are influencing the growth of the meningococcal vaccines market?

The meningococcal vaccines market features key players such as Pfizer Inc., GlaxoSmithKline plc, Sanofi Pasteur, Merck & Co. Inc., Serum Institute of India Pvt. Ltd., Bio-Manguinhos, Walvax Biotechnology Co. Ltd., Bavarian Nordic A/S, Hualan Biological Engineering Inc., and Sinopharm (China National Pharmaceutical Group). Other significant market participants include Bharat Biotech, Incepta Pharmaceuticals Ltd., Biological E. Limited, Chongqing Zhifei Biological Products Co. Ltd., Biokangtai, Biomed Pvt Ltd., Biocine SCL, Panacea Biotec Ltd., Grifols S.A., CSL Limited, Minhai Biotechnology Co. Ltd., Chiron Behring Vaccines Pvt. Ltd., and Shenzhen Kangtai Biological Products Co. Ltd.

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Which regions are most influential in expanding the meningococcal vaccines market?

North America was the largest region in the meningococcal vaccines market in 2024. Asia-Pacific is expected to be the fastest-growing region in the meningococcal vaccines market report during the forecast period. The regions covered in the meningococcal vaccines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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