Pediatric Vaccines Market to Gain Traction Globally, Sates iGATE Research in New Study Now Available at MarketPublishers.com16 May 2016 • by Natalie Aster
LONDON – The increasing awareness about the importance of children’s well-being and health is propelling the pediatric vaccine market from pole to pole. Moreover, the increasing funding from governments and NGOs for vaccine development is also driving the growth of the sector. The surging incidence of diseases like hepatitis, flue and HPV has also contributed to the upsurge in the global demand for the product. However, vaccine safety, delays and shortages, product development timeline along with certain barriers to entry for new players could hinder the industry’s growth.
The pneumococcal vaccines segment grabs the majority share of the overall pediatric vaccines market, with DTaP vaccines and MMRV vaccines coming second and third, respectively, as of 2015.
Geography-wise, the USA represents the single biggest market for pediatric vaccines, with Europe closely following after. South America and India are in fierce competition with each other to capture the largest slice of the market pie.
Pfizer dominates the marketplace, with GSK following after. Merck ranked third as it delivers a vast number of vaccines for different diseases. Sanofi Pasteur, Medimmune are also important players in the industry.
New report “Pediatric Vaccines Market, Company Sales and Forecast - Global Analysis” drawn up by iGATE Research provides a comprehensive analysis of the rapidly-evolving market at a global scale. It provides an analysis, market share data plus forecasts for the overall pediatric vaccines marketplace. The study offers a disease-wise analysis of the market to 2021; assessment of the major companies in terms of sales and strategic alliances; disease-wise company sales and projections to 2021; companies’ shares and forecast figures; an evaluation of the top regional and country markets to 2021; major relevant acquisitions during 2005-2015. Furthermore, the report limelights the key driving factors and challenges with respect to the market.
More comprehensive studies can be found at iGATE Research page.