The pediatric vaccines market report from The Business Research Company covers growth-driving insights such as pediatric vaccines market size, pediatric vaccines market trends and drivers, pediatric vaccines market segmentation, pediatric vaccines market competitive landscape and more

The pediatric vaccines market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of almost 12%, as per The Business Research Company’s market report!

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The Pediatric Vaccines Market Size In 2022 And Forecast

The global pediatric vaccines market is expected to grow from $31.44 billion in 2021 to $36.64 billion in 2022 at a compound annual growth rate (CAGR) of 16.5%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The pediatric vaccine market is expected to reach $57.51 billion in 2026 at a CAGR of 11.9%.

The pediatric vaccines market consists of sales of pediatric vaccines and its related services used to provide immunity to infants and children for specific diseases.

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The Rising Prevalence Of Chronic Diseases Such As Tuberculosis, Diphtheria, And Pneumonia In The Age Group Of 15 Years And Below Is Driving The Growth Of The Pediatric Vaccines Market

According to the World Health Organization, chronic disease prevalence irose 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.

Competitive Landscape And The Regional Analysis Of The Pediatric Vaccines Market

Major players in the pediatric vaccines 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.

Additionally, as per TBRC’s research – North America was the largest region in the pediatric vaccines market in 2021 holding the largest market share and The Middle East is expected to be the fastest-growing region in the forecast period.

The Pediatric Vaccines Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the pediatric vaccines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the pediatric vaccines market.

Novel Approaches To Vaccine Development – A Key Trend In The Pediatric Vaccines Market

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 innovation of vaccine design and manufacturing technologies.

Pediatric Vaccines Market Segmentation By The Business Research Company

1) By Vaccine Type: Monovalent, Multivalent

2) By Technology: Live Attenuated, Inactivated, Toxoid, Conjugate, Other Technologies

3) By Application: Infectious Disease, Allergy, Cancer

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