Discover trends, market shifts, and competitive outlooks for the menveo global market report 2025 industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Is the Current and Projected Market Size of the Menveo Market Through 2034?

In recent years, the Menveo market has experienced a size increase of XX (HCAGR). Starting from $XX million in 2024, it is predicted to expand at a compound annual growth rate (CAGR) of XX%, reaching a size of $XX million in 2025. The historical growth of this market is attributed to factors such as public immunization initiatives, the significant burden of meningococcal disease, robust healthcare infrastructure, mandatory military vaccinations, and prerequisites for international travel.

In the coming years, the Menveo market size is predicted to witness an XX (FCAGR) expansion. By 2029, it’s expected to mature to a whopping $XX million, with a compound annual growth rate (CAGR) of XX%. This upswing during the forecast period can be tied to factors such as population growth, heightened awareness of healthcare, an increase in travel and school vaccination requirements, and the widening of emerging markets. The forecast period will also see significant trends like the growth of combination vaccines, emphasis on booster doses, rising demand in nascent economies, improvements in cold chain distribution, and strategic partnerships for market penetration.

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What Are the Core Market Drivers Propelling Growth in the Menveo Industry?

The escalating occurrence of meningitis is projected to drive the expansion of the menveo market in the future. Meningitis, an ailment that triggers inflammation in the protective membranes (meninges) enveloping the brain and spinal cord, can be instigated by a variety of sources such as viral, bacterial, or fungal intrusions. Furthermore, elements like antibiotic resistance, debilitated immune systems, and worldwide mobility play a role in spreading the disease. Menveo, a vaccine for meningococcal, plays a vital role in curbing the prevalence of meningitis by offering protection against multiple strains of Neisseria meningitides, a common source of bacterial meningitis. The broad-based usage of Menveo in immunisation schemes aids in averting outbreaks and mitigating the transmission of the disease. For example, the UK Health Security Agency, a governmental agency based in the UK, revealed that the meningococcal reference unit (MRU) acknowledged 396 instances of invasive meningococcal disease (IMD) from 2022 to 2023 in August 2024, marking a noticeable escalation from the 205 instances documented in 2021 to 2022. Thus, the growing occurrence of meningitis is facilitating the enlargement of the menveo market.

How Is the Menveo Market Segmented?

The menveo market covered in this report is segmented –

1) By Type of Vaccine: Conjugate Vaccine, Combination Vaccine

2) By Indication: Meningococcal Disease Prevention, Routine Immunization, Outbreak Control, Travel Vaccination

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

4) By End User: Hospitals, Vaccination Clinics, Travel Clinics, Academic And Research Institutions, Military And Government Facilities

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Which Regions Are Driving the Next Phase of the Menveo Market Growth?

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

What Key Market Trends and Innovations Are Shaping the Future of the Menveo Industry?

In the Menveo market, a central trend is the invention of new vaccine compositions like single-vial, fully liquid arrangements, which heighten convenience, bolster stability, and streamline vaccine application. These preparations consist of pre-mixed pharmaceutical products contained in a single vial, in which the active components are dissolved, primed for use. For example, in November 2024, UK-based pharmaceutical company GlaxoSmithKline (GSK) plc received European Commission (EC) approval for a new version of its Menveo vaccine, aimed at actively fortifying against invasive meningococcal disease (IMD) caused by serogroups A, C, W, and Y. This vaccine is currently permitted in the European Union for use in children aged two and above, adolescents, and adults. This approval includes significant features like its licensing for active vaccination in the European Union for children starting from the age of two, adolescents, and adults, with a novel single-vial, fully liquid format that removes the requirement for reconstitution prior to use.

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How Is the Menveo Market Defined and What Are Its Core Parameters?

Menveo is a meningococcal vaccine that protects against infections caused by Neisseria meningitidis. It targets serogroups A, C, W, and Y, which can cause meningitis and bloodstream infections. The vaccine is recommended for adolescents, young adults, and individuals at higher risk of meningococcal disease.

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