Reports - Meningococcal Vaccines Market
Meningococcal Vaccines Market Size, Share & Trends Analysis Report by Type (Polysaccharide Vaccines, Conjugate Vaccines, Combination Vaccines) by Age Group (Infants (0 to 2 Years), Children & Adults (2 Years & Above)) by Serotype (Serotype A, Serotype B, Serotype C, Serotype W-135, Serotype Y) by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Others (Online Pharmacies, Drug Stores)) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2018 - 2023) & Forecast (2024 - 2032)
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USD 9.8 Billion
8.3%
North America
Asia Pacific
2021 - 2023
NaN - NaN
By Type, By Age Group, By Serotype, By Distribution Channel, By Region
The final deliverable will encompass both quantitative and qualitative data, providing a comprehensive analysis of the market. The scope is customizable.
The global Meningococcal Vaccines Market is valued at USD 4.1 Billion in 2024 and is projected to reach a value of USD 9.8 Billion by 2035 at a CAGR (Compound Annual Growth Rate) of 8.3% between 2025 and 2035.
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The North American market accounted for 58.3% of the global market revenues in 2024. This is because of factors like increased awareness about meningococcus diseases, a robust healthcare system, and active immunization programs. Key players in this market include Pfizer, GlaxoSmithKline, and Sanofi, offering various vaccines targeting different serotypes of meningococcal disease. Government support further strengthens market demand through vaccination programs and health promotion campaigns. While continued R&D activity drives innovation, the regions well-established healthcare systems facilitate the widespread adoption of vaccines.
The market in the United States, with a valuation of USD 1.56 Billion in 2024, is projected to reach around USD 2.27 Billion by 2035. A significant Compound Annual Growth Rate (CAGR) of 3.5% from 2025 to 2035 is projected in this forecast. The U.S. market is thriving due to the robust healthcare infrastructure and proactive immunization efforts. Government-backed vaccination programs and public health campaigns further drive market growth.
In 2024, substantial expansion was observed in the overall market within the Conjugate Vaccines category, commanding a revenue share of 52.3%. The Type segment is divided into Polysaccharide Vaccines, Conjugate Vaccines, and Combination Vaccines a. This segment is important in developing vaccine technology, using conjugated techniques to enhance immune response. Conjugate Vaccines result in a more robust and prolonged immune response, especially crucial for the fight against Meningococcus infection, when bacterial polysaccharides are linked to carrier proteins. Additionally, government initiatives promoting vaccination programs & investments in healthcare infrastructure contribute to market expansion. With ongoing research & development efforts, the Conjugate Vaccines segment is poised for continued growth, offering improved protection against meningococcal pathogens worldwide.
In 2024, there was significant growth in the Serotype B segment, over 36.5% of the market share. Based on the Serotype, the Meningococcal Vaccines market is segmented into Serotype A, Serotype B, Serotype C, Serotype W-135, and Serotype Y. The dominance of Serotype B in the global market can be credited to the availability of potent vaccines like Trumenba & Bexsero, alongside the escalating disease burden posed by MenB worldwide. In North America and Europe, Serotype B is the primary reason behind meningococcal disease, contributing to approximately half of all reported cases in these regions. Furthermore, ongoing research endeavors to develop pentavalent vaccines, encompassing protection against Serotype B, are poised to amplify market growth throughout the forecast period. Conversely, the Serotype C segment will witness the swiftest expansion over the forecast period. This surge can be attributed to vaccines' remarkable efficacy and increasing integration into national vaccination programs. Notably, countries such as the U.K., Australia, Belgium, France, Germany, Iceland, Ireland, and the Netherlands, among others, have adopted the serogroup C conjugate vaccine into their National Immunization Program, further bolstering the segments growth trajectory.
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The Global Meningococcal Vaccines Market operates within a complex landscape influenced by the prevalence and virulence of various serogroups of Neisseria meningitidis worldwide. While serogroups A, B, and C traditionally dominate, the emergence of group Y, particularly in the United States, adds to the dynamic. In the African meningitis belt, group A epidemics occur cyclically, leading to significant morbidity and mortality, especially among children and young adults. Recent outbreaks of group W135 in the African belt and Saudi Arabia and group C strains in Western countries underscore the ongoing threat. Despite available medical services, the disease maintains high case-fatality rates (5%-15%), necessitating effective preventive measures. Existing vaccines, primarily based on group-specific capsular polysaccharides or conjugates, offer varying degrees of immunogenicity and safety. While polysaccharide vaccines are highly immunogenic but ineffective in young children, introducing serogroup C conjugate vaccines presents a promising solution even for the youngest demographic. However, challenges persist, including the lack of readily available monovalent polysaccharide vaccines and the modest efficacy of vaccines targeting group B meningococci in both children and adults.
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The Global Meningococcal Vaccines Market experiences a significant development as GSKs 5-in-1 meningococcal ABCWY vaccine candidate has recently entered regulatory review by the US FDA. If approved, this vaccine promises broad coverage against the five most common groups of bacteria causing invasive meningococcal disease, potentially simplifying immunization schedules by reducing the number of required injections. Accepting the Biologics License Application (BLA) marks a pivotal step, with a Prescription Drug User Fee Act (PDUFA) action date set for February 14, 2025. Leveraging the antigenic components of GSKs established Meningococcal Vaccines, Bexsero and Menveo, the MenABCWY combination targets the Neisseria meningitidis serogroups A, B, C, W, and Y, prevalent globally. To reduce the risk of meningococcal disease in unvaccinated adolescents and possibly prevent outbreaks, simplifying vaccination procedures could contribute to increasing completion rates and coverage. Considering the severe consequences of IMD, including high fatality rates and long-term complications, particularly among late teens & young adults, the introduction of this vaccine candidate holds promise for mitigating the diseases impact worldwide.
The Global Meningococcal Vaccines Market witnesses a significant milestone with the FDAs approval of PENBRAYA™, marking the first pentavalent vaccine targeting the five most prevalent serogroups responsible for meningococcal disease in adolescents and young adults aged 10 through 25 years. PENBRAYA offers unparalleled serogroup coverage, including meningococcal groups A, B, C, W, and Y, streamlining vaccination schedules and potentially enhancing compliance in the U.S. market. The results of the ongoing Phase 2 and 3 clinical studies, which show that PENBRAYA® is not immunogenic compared to current vaccines such as Trumenba® + Menveo®, are supported by a favorable safety profile. This approval underlines Pfizers commitment to developing innovative vaccines, leveraging over two decades of experience against meningococcal disease and strengthening its diversified vaccine portfolio.
The global Meningococcal Vaccines market can be categorized as Type, Serotype, and Region.
The Global Meningococcal Vaccines market is dynamic and multifaceted, characterized by intense rivalry among key players striving for market dominance. Top pharmaceutical companies such as GlaxoSmithKline, Pfizer, and Sanofi are prominent contenders, leveraging their extensive R&D capabilities and global reach to develop innovative vaccines and expand market share. Strategic collaborations, mergers, & acquisitions are common tactics employed to strengthen product portfolios and gain a competitive edge. Furthermore, stringent regulatory requirements and the need for substantial investment in manufacturing facilities present barriers to entry, consolidating the markets competitive dynamics. With the growing demand for Meningococcal Vaccines driven by rising disease prevalence and increasing immunization efforts, competition is expected to intensify, fostering innovation and driving market expansion.
Walvax Biotechnologys Phase 4 Clinical Investigation
MenFive® Prequalification by WHO
The global Meningococcal Vaccines market can be categorized as Type, Age Group, Serotype, Distribution Channel, and Region.
Source: www.vantagemarketresearch.com
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Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis | |
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