According to Persistence Market Research’s latest report, the Global Meningococcal Vaccine Market size will surpass US$ 6,008.9 Million in terms of market value by 2028, at a whopping CAGR of 13.1%. The report states that the Meningococcal Vaccine Market has grown significantly in recent years.
Continuous research and development in meningococcal vaccines for various meningococcal diseases’ preventive applications, combined with subsidy sanctions and government organization support for immunization programs, are among the major factors expected to drive the growth of the meningococcal vaccine market during the forecast period.
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Companies
- Sanofi Pasteur Inc.
- GlaxoSmithKline
- Wyeth Pharmaceuticals
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Despite the fact that numerous effective meningococcal vaccines have previously been produced, product gaps continue. Developing reliable meningococcal vaccine supply in underdeveloped nations gives considerable growth prospects for meningococcal vaccine makers.
Regionally, North America dominates the worldwide meningococcal vaccines market, and the region’s market is expected to witness a significant CAGR from 2022 to 2028. Government recommendations and support, as well as significant R&D investments, are propelling the market in North America.
Because of increased awareness and enhanced healthcare infrastructure, the United States is likely to be a major market for meningococcal vaccines in North America. Besides, the Asia-Pacific’s meningococcal vaccine market is expected to expand rapidly due to the region’s huge population, and greater access to health care systems.
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