Investment Opportunities Abound as Paediatric Vaccines Market Grows at 12.7% CAGR, Enroute to Reach US$ 160.7 Billion by 2032 | Future Market Insight

The global market for Paediatric Vaccines is anticipated to reach a value of US$ 48.8 billion by the end of 2022 and to grow at a CAGR of 12.7% to reach US$ 160.7 billion by 2032. According to a recent study by Future Market Insights, the pneumococcal vaccine by indication will hold the top spot in the global market in 2021 with a share of roughly 31.9%.

Paediatric vaccine market is a billion dollar market accounting for a substantial proportion of healthcare expenditure in the recent times. The paediatric vaccine market is segmented according to indication, technology and vaccine type. According to the indication, the paediatric vaccine market is sub segmented into pneumococcal, DTP, rotavirus, influenza, meningococcal, hepatitis B, Hib, MMR and polio. According to technology the market is further segmented into live or attenuated, inactivated or killed, toxoid, conjugate, subunit and recombinant vaccines. By vaccine type, the global paediatric vaccine market is segmented into monovalent and multivalent vaccines.

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Segmentation analysis

• By indication, pneumococcal segment accounted for higher revenue share in global paediatric vaccines as compared to other product segments. The pneumococcal segment is expected to reach a value of US$ 31.58 Bn by 2026, reflecting a CAGR of 14.4% over the forecast period. The growth of pneumococcal segment is attributed to the increasing incidence of infectious diseases.

• In terms of revenue, Hib vaccine segment is the second most growing segment and is expected to reach a value of US$ 13.49 Bn by 2026, growing at a CAGR of 13.4%. Hepatitis B and meningococcal segment are expected to show double-digit CAGR growth in the forecast period contributing to the growth of global paediatric vaccine market.

• By technology, conjugate segment accounted for highest revenue share in global paediatric vaccine market as compared to live or attenuated segment. The conjugate segment is expected to reach a value of US$ 32.09 Bn by 2026, reflecting a CAGR of 14.8% over the forecast period. This is expected to be closely followed by the growth of pneumococcal and meningococcal vaccines in this segment

• By end user, institutional health centres account for higher demand for paediatric vaccine as compared to other end user segments such as hospital pharmacies and retail pharmacies. The strong growth in institutional health centres can be attributed to increasing government interventions in immunisation programs in order to improve vaccine coverage. Institutional health centres are expected to register highest CAGR of 13.8% over the forecast period.

Regional analysis

By region, North America is dominating the global paediatric vaccine market due to improved healthcare infrastructure in this region. The North America paediatric vaccine market is expected to be valued at US$ 20.15 Bn by 2026 growing at a CAGR for 11.0%. In addition to North America, demand for paediatric vaccines has been significantly growing in Western Europe and APEJ. APEJ is expected to grow at a CAGR for 14.9% over the forecast period and is expected to dominate the market by 2026 by generating revenue of US$ 22.69 Bn and revenues in Western Europe are anticipated to grow by 11.2%. Middle East and Africa is expected to grow at a CAGR of 12.6% and this growth is anticipated by growth government intervention for immunisation by carrying out national level immunisation campaigns and also disease specific immunisation campaigns.

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Key players in the global paediatric vaccine market include

• Indian Immunologicals,
• GlaaxoSmithKline Plc.,
• Pfizer Inc.,
• Sanofi, Merck & Co. Inc.,
• Panacea Biotec,
• Zydus Cadila,
• Emergent BioSolutions Inc.,
• Serum Institute of India Pvt. Ltd.,
• Bharat Biotech.

The growth of paediatric vaccine market is attributed to the development in the research by key players in the field, for instance, in February 2016, GSK submitted US regulatory submission for expanding the indication of FLuLaval Quadrivalent, influenza vaccine, for infants more than 6 months. These developments will boost the growth of the global paediatric vaccine market.

Market Segmentation

Technology

• Live or Attenuated Vaccine
• Inactivated or Killed Vaccine
• Toxoid Vaccine
• Conjugate Vaccine
• Subunit Vaccine
• Recombinant Vector Vaccine

Indication

• Pneumococcal Conjugate Vaccine
• DTP Vaccine
• Influenza
• Meningococcal Vaccine
• Polio Vaccine
• Rotavirus Vaccine
• MMR Vaccine
• Varicella Virus Vaccine

End User

• Hospital Pharmacies
• Retail Pharmacies
• Institutional Health Centres

Vaccine Type

• Monovalent Vaccines
• Multivalent Vaccines

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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