The Global Pediatric Vaccine Market is projected to grow at CAGR of 12.50% during the forecast period to reach a market size of 42.865 billion in 2023

The recent study titled “Global Pediatric Vaccines Market”, by Knowledge Sourcing Intelligence LLP covers an in-depth analysis of the market on the basis of type, technology, application, and geography. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. According to the report titled “Global Pediatric Vaccines Market”, the market is expected to increase from US$21.144 billion in 2018 to US$42.865 billion by 2023, at a CAGR of 12.50% during the projected period. The report has segmented the global pediatric vaccines market by type (monovalent, multivalent), technique (Live-attenuated vaccines, Inactivated vaccines, Subunit, recombinant, polysaccharide, and conjugate vaccines, toxoid vaccines, others), application (infectious diseases, cancer, allergies) and geography (North America, South America, Europe, Middle East and Africa, and Asia Pacific). Vaccination and immunization of children are an essential component of modern medicine and may vary slightly depending upon the region, even though many vaccines are common. These vaccines help protect children from various diseases by helping develop immunity (protection) against diseases before they come into contact with them. The growing awareness among people regarding the early immunization has been instrumental in driving the market. Moreover, the government and non-government funding in research and development of the vaccines will further boost the market. However, manufacturing complexities might limit the market growth during the forecast period.

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Following driver, restraints, and opportunities have been covered in this report-

Drivers
• Rising awareness regarding the immunization
• Favorable reimbursement policies

Restraints
• Manufacturing complexities
• Stringent government regulations

Opportunities
• Technological breakthroughs for development of new vaccine classes such as DNA vaccines
• The emergence of vaccines as therapeutic agents

Multivalent Vaccines is expected to show robust growth during the forecast period. The growth may be attributed to the fact that major players across the globe are focusing on the development of the tetravalent, pentavalent and hexavalent vaccines.

Infectious diseases segment is expected to hold significant share during the forecast period due to growing global awareness about immunization against a number of infectious diseases that cause mortality and morbidity globally.

North America holds a significant share in the market.

Geographically North America is expected to hold a major share in the pediatric vaccine market owing to the presence of major players in the region coupled with the presence of advanced healthcare infrastructure and facilities for immunization. The Asia Pacific will also show robust growth during the given frame owing to the presence of a large target population in the region and number of immunization initiatives by government and non-government organizations.

Some of the major players discussed in the reports are GlaxoSmithKline plc, Merck, Pfizer and Novartis AG, among others.

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

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