Global Meningococcal Vaccine Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

Global Meningococcal Vaccine Market Overview:

“The global Meningococcal vaccine Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Meningococcal vaccine, refers to any of the vaccines used to prevent infection by Neisseria meningitidis. Different versions are effective against some or all of the following types of meningococcus: A, B, C, W-135, and Y. The vaccines are between 85-100% effective for at least 2 years.

Dynamics:

The increasing prevalence of meningitis across the world is a primary factor that is expected to continue to boost the revenue growth of the global meningococcal vaccine market in the years to come. Moreover, the growing number of initiatives being undertaken by government and other authoritative organizations to combat the increasing incidence of this disease is also a factor that is slated to influence the market growth of this global industry over the next 10 years.

Additionally, the increasing presence of non-profit organization contributing to research projects, improved training programs being offered to healthcare professionals, as well as the supplementation of added support and information to individuals undergoing these treatments is a factor that is anticipated to have a positive influence on the revenue growth of the global meningococcal vaccine market in the coming years.

In light of the recent COVID-19 outbreak, the operations of numerous industries have been either temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global meningococcal vaccine industry is no different, and this factor is expected to negatively impact market growth in the years to come.

Nonetheless, the fact that there are vaccines in the phase-3 stage of clinical trials and is expected to be made commercially available due the course of the forecast period is a factor that is expected to have a significant influence on the revenue growth of the global meningococcal vaccine market in the foreseeable future.

Segmentation of the global meningococcal vaccine market is as follows:

In terms of type, the quadrivalent meningococcal vaccines segment accounted for the maximum number of revenue shares of the global meningococcal vaccine market in 2020, and is indicative of indexing a high CAGR in the years to come. This can be attributed to the wide usage of existing products, as well as the increase in approval rates of new vaccines in this market. The other segment is also slated to register considerable revenue growth in the coming years.

With respect to brand, Bexsero accounted for the maximum number of revenue shares in 2020, and is slated to index considerable revenue growth over the next 10 years. This can be attributed to the factors such as lower costs, reduced dosages, as well as resulting fewer doctor visits, on account of its regular usage.

On the basis of age group, the infant segment accounted for the maximum number of revenue shares of the global meningococcal vaccine market, and is expected to index the fastest rate of revenue growth in the coming years.

Regional Segmentation and Analysis:

North America accounted for the highest number of revenue shares of the global meningococcal vaccine market in 2020, and is slated to continue doing so over the forecast period. The markets in Europe accounted for the second-highest number of revenue shares of this global market in 2020. This can be accredited to increasing investments being made towards R&D activities in this sector, as well as favorable initiatives.

The markets in the Asia Pacific region are also slated to index considerable revenue growth in the years to come, owing to increasing initiatives by government organizations to combat the spread of this disease, as well as the large pediatric patient pool in this region.

Segmentation of the Global Meningococcal Vaccine Market:

Segmentation by Type:

• Bivalent
• Quadrivalent
• Others

Segmentation by Brand:

• Menactra
• Menveo
• Nimenrix
• Trumenba
• Bexsero
• Others

Segmentation by Age Group:

• Menactra
• Menveo
• Nimenrix
• Trumenba
• Bexsero
• Others

Segmentation by Regions:

• North America
• Europe
• APAC
• South America
• MEA