PEDIATRIC VACCINES MARKET ANALYSIS

Pediatric Vaccines Market, By Vaccine Type (Pneumococcal Vaccine, DTP Vaccine, Rotavirus Vaccine, MMR Vaccine, Polio Vaccine, Influenza Vaccine, Hepatitis B Vaccine, Meningococcal Vaccine, Hib Vaccine, Varicella Vaccine), By Technology (Live or Attenuated Vaccine, Inactivated or Killed Vaccine, Toxoid Vaccine, Conjugate Vaccine, Subunit Vaccine, Recombinant Vaccine), By Type (Monovalent Vaccine and Multivalent Vaccine), By Distribution Channel (Government and Private), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Mar 2023
Code : CMI1708
Pages :190
Formats :
Excel and PDF
Industry : Biotechnology

Regional Analysis

Global Pediatric Vaccines Market- Regional Analysis

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East: GCC Countries, Israel, and Rest of Middle East
Africa: South Africa, North Africa, and Central Africa

Among region, North America is expected to dominate the market over the forecast period, due to increasing vaccines approvals by regulatory authorities in region, and this is expected to drive the market growth over the forecast period. For instance, on June 18, 2022, the Centers for Disease Control and Prevention (CDC) approved COVID-19 vaccination for young children aged 6 months old that means around 20 million children in the U.S. are under 5 yearsof age, and are eligible for vaccination.

Europe region is expected to be the second largest region over the forecast period, owing to increasing product grants by regulatory authorities for usage of vaccine in pediatric population in the region, in order to expand their product portfolio is expected to drive the market growth over the forecast period. For instance, on February 24, 2022, European Medicines Agency’s human medicines committee (CHMP) granted an extension of indication for the COVID-19 vaccine Spikevax for usage in children of age 6 to 11 years. The vaccine is developed by Moderna, is a pharmaceutical and biotechnology company and is already approved for usage in adults and children age 12 years and above.