According to the report by Expert Market Research (EMR), the global meningococcal vaccines market grew significantly in 2023. Aided by rising prevalence of meningococcal meningitis and rising number of immunisation programmes, the market is projected to further grow between 2024 and 2032.
Meningococcal vaccines are used to prevent infection caused by Neisseria meningitidis bacteria. These infections can lead to severe diseases, such as meningitis and sepsis. The vaccines are essential, especially for infants, teenagers, and people with specific health conditions, due to the high risk of infection in these groups.
Government initiatives and immunisation programs in various countries play a pivotal role in increasing the vaccination rate, directly driving the meningococcal vaccines market demand. Healthcare organisations and governments are working to raise awareness about the risks of meningococcal disease and the benefits of vaccination, leading to a growing educated population opting for immunisation. Increased global travel and migration are contributing to the spread of meningococcal disease, escalating the demand for effective vaccines.
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As per the meningococcal vaccines market analysis, North America currently dominates the global market due to high awareness levels, advanced healthcare infrastructure, and widespread government immunisation programs. Europe follows closely. The Asia-Pacific region, led by China and India, is expected to witness robust growth due to increasing government initiatives and rising awareness. More countries are expected to introduce or expand national immunisation programs against meningococcal disease, further driving demand for these vaccines.
Prominent meningococcal vaccines market players include GlaxoSmithKline plc, Pfizer Inc., Sanofi S.A., and Serum Institute of India. These companies are focusing on research and development activities, forming strategic partnerships, and expanding their product portfolios to strengthen their market positions.
The development of combination vaccines, which protect against multiple strains of meningococcal disease or other diseases, is a significant meningococcal vaccines market trend that is likely to shape the future of this market.
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Meningococcal Vaccines Market Segmentation
The market can be divided based on type, age group, brand, end user, distribution channel, and region.
Market Breakup by Type
- Mono Vaccines
- Combination Vaccines
Market Breakup by Age Group
- Infants
- Childrens
- Adults
Market Breakup by Brand
- Menactra
- Menveo
- Nimenrix
- Trumenba
- Bexsero
- Others
Market Breakup by End User
- Hospitals
- Homecare
- Speciality Clinics
- Others
Market Breakup by Distribution Channel
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacy
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global meningococcal vaccines market. Some of the major players explored in the report by Expert Market Research are as follows:
- Johnson & Johnson Private Limited
- Mylan N.V.
- Sun Pharmaceutical Industries Limited
- Sanofi S.A.
- Merck & Co., Inc.
- GSK plc.
- Novartis AG
- AbbVie Inc.
- Fresenius Kabi AG
- Amneal Pharmaceuticals LLC.
- Pfizer Inc.
- Serum Institute of India Pvt. Ltd.
- Incepta Pharmaceuticals Ltd.
- Walvax Biotechnology Co., Ltd.
- Bio-Manguinhos
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