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Global Pneumococcal Vaccines Market To Witness Steady Growth, Projected To Surpass US$ 13.3 Billion By 2033

Pneumococcal Vaccines MarketPneumococcal Vaccines Market

The global pneumococcal vaccines market is poised to exhibit steady growth, with an anticipated Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period. According to the latest insights from Future Market Insights, the market's valuation reached US$ 8.9 Billion in 2023, and it is expected to surpass US$ 13.3 Billion by 2033.

Analysts at Future Market Insights have recorded a historical market valuation of US$ 8.5 Billion for the pneumococcal vaccines market during the base year, underlining the sector's sustained growth trajectory.

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Pneumococcal vaccines play a crucial role in preventing diseases caused by Streptococcus pneumoniae bacteria, including pneumonia, meningitis, and bloodstream infections. With increasing awareness about the importance of vaccination and rising initiatives by healthcare organizations worldwide, the demand for pneumococcal vaccines is anticipated to witness significant growth over the forecast period.

Key factors contributing to the market's growth include advancements in vaccine development technologies, expanding immunization programs, and rising investments in healthcare infrastructure. Additionally, the growing prevalence of pneumococcal infections, particularly among children and the elderly, underscores the urgent need for effective vaccination strategies.

The projected growth of the pneumococcal vaccines market signifies opportunities for stakeholders, including vaccine manufacturers, healthcare providers, and policymakers, to collaborate and address the global burden of pneumococcal diseases.

The factors supporting the growth of the pneumococcal vaccines industry is spot on. Here's a breakdown of why each element contributes:

  • Increased awareness of immunization: As people become more informed about the importance of vaccination, they're more likely to seek out pneumococcal vaccines for themselves and their children.
  • Government initiatives: Government support for vaccination programs makes pneumococcal vaccines more accessible and encourages people to get vaccinated, expanding the market.
  • Rising prevalence of pneumococcal infections: With a growing population, there's a higher chance of pneumococcal infections spreading. This fuels the demand for vaccines to prevent these illnesses.
  • New and improved vaccines: Development of novel vaccines with broader protection or targeting specific age groups expands options and attracts more people to get vaccinated.
  • Prevalence of related diseases: The rise in diseases like meningitis and pneumonia caused by pneumococcus creates a strong need for preventative measures like vaccination.
  • Overall, these factors create a positive outlook for the pneumococcal vaccines industry, with a projected growth in the coming years.

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    Key Takeaways from the Pneumococcal Vaccines Market:

  • The pneumococcal vaccines market has witnessed an unprecedented surge of US$ 0.4 Billion from the base year to the current.
  • The pneumococcal vaccines market is estimated to advance forward at a moderate pace, registering a CAGR of 4.1% through the forecast period.
  • The Prevenar-13 segment by product type category has accounted for the highest share of the pneumococcal market with US$ 9,500 Million in 2023.
  • The public authorities segment by distribution channel category is estimated to hold dominant shares, trailing at a CAGR of 6.8% through the projection period.
  • Competitive Landscape:

    Leading Industry Players Illuminate Opportunities Amidst Technological Advancements The pneumococcal vaccines market thrives in its diversity, as major manufacturers employ a variety of strategies to stay ahead of the competition. Through both organic growth and strategic acquisitions, industry giants are investing heavily in research and development to enhance the efficacy of pneumococcal vaccines, particularly in addressing chronic illnesses prevalent among aging populations.

    Activirosomes, for instance, pioneers the development of viral infection vaccines. Harnessing active virosome technology, the company engineers non-replicating derivatives of measles and other viruses, focusing solely on essential viral genes that trigger robust immune responses.

    Recent Developments:

  • In September 2020, a Japanese pharmaceutical company, Shinogi, made an announcement to enter into a license agreement with Hanavax, a next-generation nasal vaccine manufacturer. The agreement was likely to assist the company in research and development activities, commercialization, manufacturing, and distribution of Streptococcus pneumonia vaccines developed by Hanavax.
  • In December 2019, China-based biotechnology company, Walvax Biotechnology Co., Ltd. received approval from the regulatory body of China, the National Medical Products Administration for its pneumococcal-13 valent conjugate vaccine. This vaccine is also estimated to act as an alternative to Prevnar-13 for immunizing children in the age group of 6 months to 5 years.
  • In January 2018, Pfizer, one of the global leaders in the pharmaceutical industry made an announcement to reduce the price of the PCV-13 4-dose vial vaccine from US$ 3.05 to US$ 2.95 per dosage in the Gavi-supported countries.
  • Some of the key players proliferating in the market are:

  • Astellas Pharma Inc
  • GlaxoSmithKline Plc
  • Merck & Co. Inc
  • Panacea Biotech Ltd
  • Pfizer Inc
  • Sanofi S.A
  • Walvax Biotechnology Co. Ltd
  • CSL Ltd
  • Serum Institute of India Pvt. Ltd
  • Talley Group Ltd
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    Key Segments in the Pneumococcal Vaccines Market:

    By Product Type:

  • Pneumococcal Polysaccharide Vaccines
  • Pneumococcal Conjugate Vaccines
  • By Distribution Channel:

  • Pharmacies
  • Community Clinics
  • Public Health Agencies
  • Others
  • By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa (MEA)
  • Europe
  • About Future Market Insights (FMI)

    Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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    Pneumococcal Vaccine Schedule: High Risk Pediatrics

    With Chronic Medical Conditions Chronic heart disease3 PCV15 or PCV202 doses ≥8wks apart

    Missing 4th dose only:PCV15 or PCV201 dose to complete series

    Previously received PCV20:No additional vaccine6

    PCV20 included in the series:No additional vaccine6

    Only PCV13 or PCV15 used in the series:PCV20 or PPSV2371 dose ≥8wks after last PCV dose12

    No additional vaccine6 PCV15 or PCV201 dose ≥8wks after last pneumococcal vaccine8If PCV15 used, also give PPSV23 ≥8wks after the last PCV dose if not previously given PCV20 or PPSV231 dose ≥8wks after last PCV dose12 No additional vaccine6 Chronic kidney disease4 Chronic liver disease Chronic lung disease5 Diabetes mellitus Cerebrospinal fluid leak Cochlear implant With Immunocompromising Conditions Maintenance dialysis or with nephrotic syndrome PCV15 or PCV202 doses ≥8wks apart

    Missing 4th dose only:PCV15 or PCV201 dose to complete series

    Previously received PCV20:No additional vaccine6

    PCV20 included in the series:No additional vaccine6

    Only PCV13 or PCV15 used in the series: PCV2010 or PPSV2371 dose ≥8wks after last PCV dose. If PPSV23 used, revaccinate with 1 dose PCV20 or PPSV23 ≥5yrs after the first PPSV23 dose12

    No additional vaccine at this timeRevaccinate with 1 dose PCV20 or PPSV23 ≥5yrs after the first PPSV23 dose12 PCV15 or PCV201 dose ≥8wks after last pneumococcal vaccine8If PCV15 used, also give PPSV23 ≥8wks after the last PCV dose if not previously given PCV2010or PPSV2371 dose ≥8wks after last PCV dose. If PPSV23 used, revaccinate with 1 dose PCV20 or PPSV23 ≥5yrs after the first PPSV23 dose12 No additional vaccine at this timeRevaccinate with 1 dose PCV20 or PPSV23 ≥5yrs after the first PPSV23 dose12 Congenital or acquired asplenia or splenic dysfunction Congenital or acquired immunodeficiencies9 Conditions treated with immunosuppressants or radiation therapy11 HIV infection Sickle cell disease or other hemoglobinopathies NOTES

    Key: PCV = pneumococcal conjugate vaccine; PCV15 = 15-valent PCV; PCV20 = 20-valent PCV; PPSV23 = 23-valent pneumococcal polysaccharide vaccine

     1 Any incomplete PCV schedule with <3 doses before age 2yrs.

     2 Completed all recommended PCV doses before age 6yrs.

     3 Especially in children with cyanotic congenital heart disease and cardiac failure.

     4 Excludes maintenance dialysis and nephrotic syndrome.

     5 Includes moderate persistent or severe persistent asthma.

     6 Pneumococcal vaccines are complete.

     7 Recommended for children aged ≥2yrs with no previous PCV20 vaccination.

     8 Give dose regardless of whether the child has previously received PPSV23 or PCV7.

     9 Includes B-(humoral) or T-lymphocyte deficiency, complement deficiencies particularly C1/C2/C3/C4 deficiency, phagocytic disorders (excluding chronic granulomatous disease).

    10 If PCV20 is used, their vaccines are then complete.

    11 Includes malignant neoplasms, leukemias, lymphomas, Hodgkin disease, solid organ transplant.

    12 Regardless of vaccine used, their vaccines are then complete.

    REFERENCE

    Centers for Disease Control and Prevention. ACIP Updates: Recommendations for Use of 20-Valent Pneumococcal Conjugate Vaccine in Children — United States, 2023. MMWR Morb Mortal Wkly Rep. 2023;72:1072. DOI: http://dx.Doi.Org/10.15585/mmwr.Mm7239a5

    Centers for Disease Control and Prevention. Pneumococcal Vaccination: Summary of Who and When to Vaccinate. Https://www.Cdc.Gov/vaccines/vpd/pneumo/hcp/who-when-to-vaccinate.Html#children-6-18. Accessed March 19, 2024.

    Created 3/2024


    Let's Give It A Shot: Free Vaccines Available At Local Health Centers

    MANILA, Philippines – This World Immunization Week, the World Health Organization marks 50 years since it launched the Expanded Program on Immunization (EPI) to ensure vaccine accessibility and availability to all children. 

    With the rise in whooping cough and measles cases across the country, the Department of Health (DOH) encourages the public to participate in its immunization campaign against vaccine-preventable diseases, reminding them to get a variety of free vaccines from their local health centers. 

    In the Philippines, the Expanded Program on Immunization was established in 1976 to ensure that infants, children, and mothers have access to age-recommended vaccines.

    According to Republic Act No. 10152 or the "Mandatory Infants and Children Health Immunization Act of 2011", mandatory basic immunization is to be given for free at any government hospital or health center to infants and children up to five years of age. 

    Here is a list of the different vaccines available for free in the Philippines. 

    BCG vaccine

    The World Health Organization (WHO) recommends that the Bacille Calmette-GuĂ©rin vaccine be given to infants at birth for protection against tuberculosis (TB), an infection that most often affects the lungs. 

    It also protects them against meningitis and disseminated TB in children, as the disease can affect other parts of the body like the brain, bones, joints, and other internal organs.

    Hepatitis-B vaccine

    The Hepatitis-B vaccine should be given at birth for prevention against the virus, which can develop into long-term infections in the liver, such as liver damage and liver cancer. 

    Pentavalent vaccine

    The Pentavalent vaccine is a 5-in-1 vaccine that protects children against these five diseases: Diphtheria, Pertussis, Tetanus, Hepatitis B, and Haemophilus influenza type B. This vaccine is given in three doses, from 6, 10, and 14 weeks of age. 

    Pertussis or whooping cough causes coughing spells, which can easily spread among people through coughs and sneezes because of airborne droplets. With recent reports of pertussis outbreaks across cities and provinces in the Philippines, immunization through the Pentavalent vaccine is pertinent.

    PCV vaccine

    The PCV or Pneumococcal Conjugate vaccine prevents pneumococcal diseases which are infections caused by a bacteria called Streptococcus pneumoniae, or pneumococcus. Examples of such diseases are pneumonia and meningitis, which are common causes of sickness and death among children below 2 years old. This vaccine is also given in three doses, at a recommendation of 6, 10, and 14 weeks of age.

    Oral Polio vaccine and Inactivated Polio vaccine (Poliovirus)

    The two vaccines serve as protection against the poliovirus, a disease that causes permanent paralysis or loss of mobility in the limbs and, in severe cases, the paralysis of the breathing muscles which can lead to death. The oral polio vaccine is given in three doses, recommended at 6, 10, and 14 weeks of age while the inactivated polio vaccine is given at 14 weeks.

    MMR vaccine

    The MMR vaccine is a preventive vaccine against measles, mumps, and rubella and the complications that come with these diseases. It must be given in two doses: at nine months and one year old. 

    Measles is a highly contagious disease with symptoms that include high fever, runny nose, cough, red and watery eyes, and rashes. After the Bangsamoro Autonomous Region in Muslim Mindanao health ministry declared a measles outbreak within the region, a free measles vaccination campaign was launched in the region.

    Aside from children, the government also provides immunization healthcare to its senior population. In 2020, the DOH issued Memorandum No. 2020-0384, announcing the senior citizens' free access to pneumococcal and influenza immunization services. 

    The memorandum also states that all senior citizens who are 60 years old and above are provided with one dose of pneumococcal vaccine throughout their lifetime and one dose of influenza vaccine every year. All eligible senior citizens are to be assessed and interviewed before immunization for precautions. – Isabella Baldado/Rappler.Com

    SOURCES:

    Isabella Baldado is a Digital Communications volunteer at Rappler and a speech communication student at the University of the Philippines Diliman. This article was done under the supervision of Rappler staff and her copy was vetted by editors.






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