According to IMARC Group’s latest report, titled “Meningococcal Vaccines Market Size: Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026,” the global meningococcal vaccines market reached a value of US$ 2.8 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 9.5% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The meningococcal vaccine includes a biological substance formulated to prevent meningitis that occurs when the liquid surrounding the brain and spinal cords become infected. The meningococcal vaccines can broadly be categorized into conjugate, polysaccharide, and subcapsular meningococcal vaccines. They are widely administered to infants, children and adults to immunize them against invasive ailments and meningococcal bacteria. Once the vaccine is dispensed, antibodies are formed to fight the bacteria and create an immune response to preclude the infection in the future.
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The growing prevalence of meningococcal diseases is primarily driving the market for meningococcal vaccines. Furthermore, the increasing health consciousness among the masses and the rising adoption of routine immunization are also positively influencing the market. The meningococcal vaccine helps in preventing the disease and minimizing the long-term effects, such as neurological damage, temporary or permanent deafness, and loss of vision and motor skills. Additionally, the government bodies across various nations are launching extensive public health programs for focusing on the immunization of special risk groups, such as tourists and military personnel, to contain the spread of infections. All of the above-mentioned factors will continue to drive the market for meningococcal vaccines in the coming years.
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List of Key Companies Covered in this Market Report:
Hualan Biological Engineering Inc.
Incepta Pharmaceuticals Limited
Serum Institute of India Ltd.
Walvax Biotechnology Co. Ltd.
The report has segmented the market on the basis of vaccine type, composition, vaccine serotype, distribution channel, end-user and geography.
Breakup by Vaccine Type:
Breakup by Composition:
Breakup by Vaccine Serotype:
MenB & Manic
Breakup by Distribution Channel:
Breakup by End User:
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2015-2025)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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