Meningococcal Vaccines Market, By Type (Polysaccharide Vaccines, Conjugate Vaccines, Combination Vaccines, Other), By Sales Channel (Public and Private), By Age Group (Infants and Children and Adults), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jun 2024

Code : CMI3864

Pages :176

Formats :

Excel and PDF

Industry : Biotechnology

Market Concentration and Competitive Landscape

Meningococcal Vaccines Market Concentration By Players

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Increasing government support and funding

Growing governmental support and funding for development of expanded meningococcal vaccination programs globally can drive the market growth. Several governments recognize that widespread vaccination can help prevent or minimize the impacts of meningococcal disease outbreaks, which puts significant burden on the public health system. This encourages pharmaceutical companies to invest more resources into research and development of improved vaccines with broader coverage. Regulatory bodies have also streamlined approval processes for new meningococcal vaccines to facilitate their accessibility. Many national immunization technical advisory groups now recommend inclusion of additional serogroups in routine infant vaccination schedules based on emerging disease trends. This is translating to higher procurement of multivalent conjugate vaccines by national immunization programs. International organizations like WHO also supports underdeveloped countries through funding and technology transfers to introduce vaccines for controlling epidemic prone serogroups as part of their national immunization programs.

Key Players Insights