The Global Meningococcal Vaccines Industry is on track for a significant surge, driven by rising awareness and increasing vaccination programs. A recent report by Future Market Insights (FMI), a leading market research firm, forecasts a robust Compound Annual Growth Rate (CAGR) of 8.6% for the meningococcal vaccines market. This impressive growth trajectory is expected to propel the market valuation to a substantial US$3.9 billion by 2024.
In a recent report, FMI unveils groundbreaking insights, positioning the conjugate vaccines segment as the industry frontrunner, commanding an impressive 62.6% revenue share in 2021. This highlights the pivotal role of conjugate vaccines in shaping the market landscape and steering its overall success.
The anticipated growth in the Global Meningococcal Vaccines Industry reflects a collective effort towards enhancing global healthcare and preventing the spread of meningococcal diseases. With advancements in vaccine technologies and increasing awareness about the importance of immunization, the industry is set to play a pivotal role in safeguarding public health. Partnerships between the private sector and public institutions have been the chief agenda of global public health initiatives.
The last few years have witnessed an increase in several private-public partnerships specifically focussing on vaccine provision in developing countries. Partnerships like the International Coordinating Group on Vaccine Provision for Epidemic Meningitis Control (ICG) help magnify the vaccine outreach to remote areas of the world with the maximum need.
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The governments of several countries across the globe initiate immunisation programmes periodically and these programmes are backed by global organisations such as UNICEF and WHO and private not-for-profits like the Global Alliance for Vaccines and Immunization (GAVI).
A classic example of how private-public partnerships are helping boost vaccination programmes across deep regional pockets is Brazil.
In 2010, Ezequiel Dias Foundation, Brazil formed a strategic alliance with Novartis Vaccines & Diagnostics for the sustainable supply of Menjugate MenC vaccines for Brazil’s National Immunization Program. By 2015, Brazil became self-sufficient in the production of the meningococcal C conjugated vaccine for the country’s public vaccination programmes. Such initiatives at the global level are anticipated to support global immunisation goals and at the same time boost the growth of the Global Meningococcal Vaccines Industry
Key Companies Profiled in the Global Meningococcal Vaccines Industry:
- Sanofi Pasteur Inc.
- GlaxoSmithKline Plc
- Wyeth Pharmaceuticals
- Bio-Manguinhos
- Bio-Med Pvt. Limited
- Chongqing Zhifei Biological Products Co., Ltd.
- Hualan Biological Engineering Inc.
- Incepta Pharmaceuticals Ltd.
- Pfizer INC
- Serum Institute of India Pvt. Ltd
- Walvax Biotechnology Co., Ltd.
Factors Leading to Worldwide Adoption of Meningococcal Vaccination Programmes
The Global Meningococcal Vaccines Industry is expected to be driven by enhanced access to vaccines in low and middle-income countries, growing investments by manufacturers and governments to cope with pandemic meningitis outbreaks, and rapidly growing consumption of meningococcal vaccines bolstered by immunisation alliances and mass vaccination campaigns among others.
Partnerships and alliances between manufacturers and governmental healthcare organisations are facilitating the speedy introduction of vaccines in some of the economically challenged countries of the Middle East and Africa region. Enhanced access to vaccines in under-penetrated global markets is expected to accelerate revenue growth of the global meningococcal vaccines market.
Approval of new vaccines in the U.S. and Europe in 2015 and 2017 to treat meningococcal meningitis has revolutionised the global immunisation landscape. This is further boosting the growth trajectory of the global market for meningococcal vaccines.
GlaxoSmithKline to Lead the Global Meningococcal Vaccines Industry with About 50% Market Share Recorded in 2017
The Global Meningococcal Vaccines Industry is highly consolidated, with GlaxoSmithKline and Sanofi together holding about 80% of the global market share in 2017. Pfizer is the third largest company in this market with just under 12% market share in 2017.
Companies are expanding their production capacities through the acquisition of established vaccine production units of other global or local companies.
Sanofi has a huge pipeline of 17 active meningococcal vaccine programmes and is targeting emerging markets; while GlaxoSmithKline has 5 active pipeline programmes for meningococcal vaccines, all of which are in the phase II clinical stage. The addition of the vaccine Bexsero has enabled GlaxoSmithKline to defend its brand against Sanofi’s aggressive portfolio in the paediatric vaccines space.
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Key Segments Covered in Global Meningococcal Vaccines Industry Research
By Product:
- Polysaccharide
- Conjugate
By Age Group:
- Infants
- Children
- Adolescents and Young Adults
- Adults
By Distribution Channel:
- Pharmacies
- Community Clinics
- Public Health Agencies
- Others (hospital pharmacy, private market etc.)
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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