The global Paediatric Vaccine market is expected to grow at a healthy CAGR in next few years. Increase in growth would be primarily attributed to improved understanding of immunology, which has resulted in launch of new vaccines products. Technological breakthrough has led to development of new vaccine class such as DNA vaccines, vector vaccines, intranasal vaccines, mucosal vaccines and others. However, manufacturing complexity and stringent regulatory compliance are the factors that hinder the market growth. Refusal to immunization and vaccines shortages are other restraints for this market. Emergence of vaccines as therapeutic agents has added new dimension to vaccine industry and it could be the answer to most of the chronic diseases including cancer. Alliances, partnerships and collaborations by big players to expand the business could also boost the market growth. The global paediatric vaccine market is segmented by type of vaccines into different categories such as Pneumococcal, Varicella, Combinations, Poliovirus, Hepatitis, MMR, Paediatric Hormones, HIB, Allergy and Respiratory vaccines and Other Pediatric vaccines. Pneumococcal vaccines dominate the segment followed by HIB and other combination products.
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Vaccine provides protection against particular diseases by improving immunity. Vaccines are the biological preparations of weakened or killed microorganism, its surface proteins or its toxins. The global paediatric vaccine market is expected to witness a strong growth during the forecast period due to launch of new products in the market. In-depth discussion of global paediatric vaccine market includes past and current trends with future forecast through 2020. Detailed study of market drivers, threats and opportunities would assist corporate professionals in their strategic decisions. The report also proffers detailed geographical segmentation and identifies profitable areas. The leading companies in the global paediatric vaccine market include GlaxoSmithCline, Merck, Sanofi, Bristol-Myers Squibb, Abbott Laboratories, Eli Lilly and Company, Pfizer, F. Hoffmann-La Roche Ltd., Novo Nordisk A/S, and others. GlaxoSmithCline leads the global vaccine market followed by Sanofi and Pfizer. Prevnar-13 (Pneumococcal vaccine), by Pfizer is the top selling brand amongst the other vaccine products.
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MARKET BY TYPE
- Pediatric Hormones
- Allergy and Respiratory vaccines
- Other Pediatric vaccines
MARKET BY GEOGRAPHY
- North America