North America to maintain its dominance throughout the forecast period

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 Global Meningococcal Vaccine Industry garnered $1.93 billion in 2018, and is projected to garner $4.19 billion by 2026, witnessing a CAGR of 9.5% from 2019 to 2026. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

Prime determinants of growth

Rise in outbreaks of meningococcal disease, increase in immunization programs across the world, and surge in research and development for vaccine technology drive the global meningococcal vaccine market. However, long duration required for vaccine production and high cost of vaccine development hinder the market growth. On the other hand, increase in healthcare expenditure and untapped potential in emerging economies create new opportunities in the coming years.

Covid-19 scenario:

The global lockdown has paused the immunization programs. However, in certain regions the program schedules would be changed. In addition, the R&D processes for vaccine technology have come to a halt. Moreover, in a Covid-19 trial conducted by the University of Oxford, meningococcal medicine has been used as a placebo effect.
The meningococcal vaccine market is segmented on the basis of serogroup, vaccine type, end user, and region. Based on vaccine serotype, the menACWY vaccine economy segment accounted for more than two-fifths of the total share of the global meningococcal vaccine market in 2018. On the other hand, the MenA Vaccine segment is expected to portray the largest CAGR of 13.5% from 2019 to 2026.

Based on vaccine type, the conjugate segment accounted for the largest market share with nearly half of the total share in 2018, and is estimated to maintain its lead position throughout the forecast period. In addition, the segment is expected to register the fastest CAGR of 10.2% from 2019 to 2026.

The MenACWY vaccine segment to maintain its highest share during the forecast period

Based on vaccine serotype, the MenACWY vaccine segment contributed to the highest market share in 2018, accounting for nearly half of the global meningococcal vaccine market, and is estimated to maintain its highest share during the forecast period. This is attributed to rise in awareness regarding the usage of meningococcal vaccine to treat meningitis disease. However, the MenA vaccine segment is estimated to witness the fastest CAGR of 13.5% from 2019 to 2026, owing to surge in the routine immunization programs worldwide.

The conjugate segment to maintain its lead by 2026

Based on vaccine type, the conjugate segment held the largest share of the global meningococcal vaccine market, accounting for nearly half of the total market share in 2018, and is estimated to maintain its lead by 2026. Moreover, this segment is estimated to grow at the highest CAGR of 10.2% from 2019 to 2026. This is attributed to usage of vaccines in routine immunization schedules, preventive campaigns, and outbreak responses. The research also analyzes segments including polysachharide and subcapsular.

North America to maintain its dominance throughout the forecast period

Based on region, North America accounted for the largest market share in terms of revenue in 2018, holding nearly half of the global meningococcal vaccine market, and is estimated to maintain its lead position throughout the forecast period. This is due to surge in prevalence of meningitis disease and ease in availability of meningococcal vaccine products for treatment of the disease. However, Asia-Pacific is expected to portray the largest CAGR of 14.7% from 2019 to 2026, owing to surge in outbreaks of meningococcal diseases and widespread availability of products.

Leading market players

  • Bio-Manguinhos
  • Bio-Med Pvt. Limited
  • Chongqing Zhifei Biological Products Co., Ltd.
  • GlaxoSmithKline Plc
  • Hualan Biological Engineering Inc.
  • Incepta Pharmaceuticals Ltd.
  • Pfizer Inc.
  • Sanofi S.A.
  • Serum Institute of India Pvt. Ltd.
  • Walvax Biotechnology Co., Ltd.

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