Meningococcal Vaccines Market to grow at a CAGR of 8.94% by 2025 | Evolving Opportunities with Baxter International Inc. & Bio-Med Pvt. Ltd. | 17000+ Technavio Reports
NEW YORK, Nov. 25, 2021 /PRNewswire/ -- Technavio's latest offering, the Meningococcal Vaccines Market report provides a detailed analysis of the competitive scenario and the market growth across various regions. The meningococcal vaccines market is estimated to grow by USD 1.68 billion from 2020 to 2025 at a growing CAGR of 8.94% as per Technavio. 40% of the market's growth will originate from North America. The US, Mexico, and Canada are the key markets for meningococcal vaccines in the region. The initiatives from government agencies will facilitate the meningococcal vaccines market growth in North America.
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Market Dynamics
Factors such as the increase in the pediatric population are crucial in driving the growth of the market. But the slowdown in the manufacturing industry will restrict the market growth. The meningococcal vaccines market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.
Company Profiles
The meningococcal vaccines market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The meningococcal vaccines market report includes information on the product launches, sustainability, and prospects of leading vendors including Baxter International Inc., Bio-Med Pvt. Ltd., GlaxoSmithKline Plc, Incepta Vaccine Ltd., Merck and Co. Inc., Novartis AG, Pfizer Inc., Sanofi SA, Serum Institute of India Pvt. Ltd., and Walvax Biotechnology Co. Ltd.
Few Companies with Key Offerings
- Baxter International Inc. - The company offers meningococcal vaccines for children.
- Bio-Med Pvt. Ltd.- The company offers meningococcal vaccines under the brand name Quadri Meningo.
- GlaxoSmithKline Plc - The company offers meningococcal vaccines for babies which will protect them from infectious diseases.
Competitive Analysis
The competitive scenario provided in the meningococcal vaccines market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Market Segmentation
- By Geography, the market is classified as Mono vaccines and Combination vaccines. The meningococcal vaccines market share growth by the mono vaccines segment has been significant.
- By Geography, the market is classified as North America, Europe, Asia, and ROW. North America will have the largest share of the market.
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Meningococcal Vaccines Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 8.94% |
Market growth 2021-2025 | USD 1.68 billion |
Market structure | Fragmented |
YoY growth (%) | 6.99 |
Regional analysis | North America, Europe, Asia, and ROW |
Performing market contribution | North America at 40% |
Key consumer countries | US, Germany, Canada, China, UK, France, Japan, Mexico, and India |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Baxter International Inc., Bio-Med Pvt. Ltd., GlaxoSmithKline Plc, Incepta Vaccine Ltd., Merck and Co. Inc., Novartis AG, Pfizer Inc., Sanofi SA, Serum Institute of India Pvt. Ltd., and Walvax Biotechnology Co. Ltd. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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