The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s pediatric vaccine market report forecasts the pediatric vaccine market size to grow to $65.01 Billion by 2027, with a CAGR (compound annual growth rate) of more than 11%.

Learn More On The Pediatric Vaccine Market Report 2023 – https://www.thebusinessresearchcompany.com/report/pediatric-vaccine-global-market-report

Pediatric Vaccine Market Size Forecast
The global pediatric vaccine market is expected to grow from $36.64 billion in 2022 to $42.74 billion in 2023 at a compound annual growth rate (CAGR) of 16.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pediatric vaccine market is expected to grow from $65.01 billion in 2027 at a CAGR of 11.1%.

North America held the largest pediatric vaccine market share, and Middle East was the fastest-growing region in 2022.

Key Pediatric Vaccine Market Driver ­– Rise In The Prevalence Of Chronic Diseases
According to the World Health Organization, chronic disease prevalence rose by 57% in the year 2020. The increased prevalence of chronic diseases among children rises the demand for immunization from chronic diseases, hence, driving the pediatric vaccines market’s growth.

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Key Pediatric Vaccine Market Trend – Increasing Demand For Novel Vaccines
The demand for novel vaccines is steadily growing to deliver improved immunization against challenging infectious diseases (e.g. tuberculosis, HIV/ AIDS) and non-communicable chronic diseases such as cancer and neurodegenerative diseases. Novel approaches to vaccine development include structural immunogenic design, gene-based vaccine platforms, and effective adjuvant recombinant antigen formulations. To meet the increasing demand for novel vaccines, there is a continuous quest for pediatric vaccine manufacturers and developers for the innovation of vaccine design and manufacturing technologies. For instance, in January 2020, Hilleman laboratories, global research, and development organization, announced their plans to develop a novel vaccine against Group B Streptococcus, a major cause of neonatal infections in women, in the area of maternal and child health.

Pediatric Vaccine Market Segment
1) By Vaccine Type: Monovalent, Multivalent
2) By Technology: Live Attenuated, Inactivated, Toxoid, Conjugate, Other Technologies
3) By Application: Infectious Disease, Allergy, Cancer

Pediatric Vaccine Market Major Players and Strategies
Major players in the pediatric vaccine market are GlaxoSmithKline PLC., Pfizer Inc., Sanofi S.A., Merck & Co., Inc., Indian Immunologicals Limited, AstraZeneca PLC., CSL Limited, Mitsubishi Tanabe Pharma Corporation, Serum Institute of India Pvt. Ltd., Panacea Biotec Ltd., Zydus Cadila, BIO-MED, Squibb, Novartis, Abbott Laboratries, Eli Lillyand Company, F. Hoffmann- La Roche Ltd., Novo Nordisk A/S, VF Corporation, Sinovac Biotech Ltd., Bristol- Myers, Sun Pharmaceutical Industries Ltd., Sellas and Takeda Pharmaceutical Company Limited, Daiichi Sankyo, Bristol- Myers and Sinovac Biotec Ltd.

The Pediatric Vaccine Global Market Report 2023 covers regional data on pediatric vaccine market size, pediatric vaccine market trends and drivers, opportunities, strategies, and pediatric vaccine market competitor analysis. The countries covered in the pediatric vaccine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Pediatric vaccines refer to medications that are typically given to children as a form of protection against serious, frequently fatal diseases. They get the children’s body ready to battle the disease more quickly and successfully by boosting its natural defences.

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