Vaccination is one of the most cost-effective and safest ways to prevent diseases. Pneumococcus is one of the major causes of blood infection, pneumonia, sinusitis, meningitis, and otitis media. It is also a leading infectious disease. However, it can be prevented with the help of vaccination. Majority of countries have pneumococcal vaccines in their national immunization program for children aged under 1 year. Increase in pneumococcal diseases due to causative serotype drives the need for vaccines with broader coverage. Hence, demand for new pneumococcal vaccines with wider serotype coverage is rising.
In terms of sector, the private segment dominated the global pneumococcal vaccines market in 2017. The U.S., the U.K., Germany, and other major countries in Europe, along with emerging markets such as India are dominated by the private sector engaged in procurement, distribution, and pricing of pneumococcal vaccines. Entry of non-profit organizations such as GAVI, UNICEF, and WHO is projected to result in higher procurement of vaccines in terms of volume (doses procured) by the public sector. However, involvement of these authorities in price negotiations of sourced vaccines from manufacturers is likely to lead to lower share of the public sector in terms of revenue (US$ Mn) of the global pneumococcal vaccines market from 2018 to 2026.
In terms of region, the global pneumococcal vaccines market has been segmented into North America, Europe, Latin America, Asia Pacific, and Rest of the World. North America dominated the global market in 2017, accounting for 57.9% share owing to strong sales of Prevenar-13 in the U.S. Pneumococcal conjugated vaccine (PCV) has been part of routine vaccine immunization in Canada and the U.S. since 2000. These countries have also witnessed highly-effective results since the vaccine was introduced. Investments by government organizations and private companies have also increased for the promotion of vaccination and research & development of new vaccines. North America has also emerged as a primary center for several vaccine manufacturers. PCV is also a part of vaccination programs in countries such as the Netherlands, Germany, Slovakia, Albania, Greece, and Serbia. Increase in incidence of pneumococcal diseases in countries in APEJ also presents an opportunity for companies producing pneumococcal vaccines. Brazil is witnessing a significant increase in pneumococcal diseases. Hence, various programs are being introduced in Brazil to increase vaccine coverage.
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Major players operating in the global pneumococcal vaccines market include Pfizer, Inc., Merck & Co., Inc., SK Chemicals, Serum Institute of India Pvt. Ltd., Chengdu Institute of Biological Products Co., Ltd., GlaxoSmithKline plc, Sanofi, and Walvax Biotechnology Co., Ltd.