The global market for pneumococcal vaccines is likely to witness robust growth, registering 8.3% CAGR between 2017 and 2026. The global market for pneumococcal vaccines is also projected to bring in US$ 20,515.5 million revenue by 2026 end.
Albany, NY -- (SBWIRE) -- 05/09/2019 -- A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled "Pneumococcal Vaccines Market Analysis, Size, Share, Growth and Opportunity Assessment till 2026" which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview.
The prevention of disease through vaccination is one of the most cost-effective and safe ways. Pneumococcus is one of the leading causes of blood infection, pneumonia, sinusitis, meningitis, and otitis media. It is also one of the leading infectious diseases. However, it can be prevented with the help of vaccination. With an increase in pneumococcal disease due to causative serotype, the need for vaccines with broader coverage has increased. Hence, the demand for new pneumococcal vaccines with broader serotype coverage is increasing.
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Despite the availability of antibiotic therapy against pneumococcal disease, it remains a significant cause of death among people with increased susceptibility, such as older adults and also the people suffering from immunosuppressive conditions or chronic illness. However, reduction in the pneumococcal disease has been witnessed in the countries that introduced pneumococcal conjugate vaccines (PCV). Meanwhile, efforts are underway to introduce pneumococcal vaccines in other countries as well. Companies are also working on introducing new and affordable PCVs, especially for developing countries. There has also been an increase in investment in the research and development activities to develop new vaccines at lower cost.
The research report on the global pneumococcal vaccines market offers key market insights and factors playing an important role in the market growth. The report provides information on market dynamics including trends, factors driving the market, opportunities, and restraints. Key developments in the market are also provided in the report. The report also offers analysis and forecast on various market segments and regions.
The report offers detailed study on the present and upcoming opportunities and developments along with advancement in technologies. Porter's five force model along with SWOT analysis is also given in the report. The report has also evaluated market attractiveness. The global pneumococcal vaccines market displays the revenue, market share, growth rate for segments as well as regions.
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The primary and secondary research has been done to offer both quantitative and qualitative data. The detail on leading players operating in the market along with the business strategies and new developments has also been provided in the report. Also covered in the report are regulations, ongoing research and developments in various countries. This will help the companies to make important business decisions to strengthen their position in the market.
The global pneumococcal vaccines market is divided into product type, distribution channel, and region. Product type is further segmented into 7- valent PCV, 10- valent PCV, 13- valent PCV, and 23- valent PPSV. On the basis of distribution channel, the market is segmented into hospitals, clinics, and other distribution channels.
Region-wise, the market is segmented into Europe, Japan, Latin America, North America, Asia Pacific Excluding Japan (APEJ), and the Middle East and Africa (MEA). This segmentation also offers country-wise analysis on all the key parameters associated with the global pneumococcal vaccines market.
Global Pneumococcal Vaccines Market- Competitive Landscape
The report offers competitive landscape including vital information on some of the leading players contributing towards the market expansion. Some of the leading players operating in the market are Pfizer, Inc., GlaxoSmithKline PLC, Merck & Co. Inc., and Sanofi. The report offers detailed profile on each of the players including company overview, key strategies, financial overview, latest developments, and product portfolio.
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