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    Meningococcal Vaccines Market

    ID: MRFR/Pharma/7150-CR
    120 Pages
    Rahul Gotadki
    July 2022

    Meningococcal Vaccines Market Size, Growth Research Report By Vaccine Type (Monovalent Vaccines, Multivalent Vaccines, Conjugate Vaccines), By Age Group (Infants, Children, Adolescents, Adults), By Administration Route (Intramuscular, Subcutaneous, Oral), By Distribution Channel (Hospitals, Clinics, Pharmacies) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Competitor Industry Analysis and Trends Forecast Till 2032

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    Meningococcal Vaccines Market Infographic
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    Meningococcal Vaccines Market Summary

    The Global Meningococcal Vaccines Market is projected to grow from 4.55 USD Billion in 2024 to 6.94 USD Billion by 2035.

    Key Market Trends & Highlights

    Meningococcal Vaccines Key Trends and Highlights

    • The market is expected to witness a compound annual growth rate (CAGR) of 3.92% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 6.94 USD Billion, indicating robust growth.
    • In 2024, the market is valued at 4.55 USD Billion, reflecting the increasing demand for meningococcal vaccines.
    • Growing adoption of meningococcal vaccines due to rising awareness about infectious diseases is a major market driver.

    Market Size & Forecast

    2024 Market Size 4.55 (USD Billion)
    2035 Market Size 6.94 (USD Billion)
    CAGR (2025-2035) 3.92%

    Major Players

    Emergent BioSolutions, Sanofi, Astellas Pharma, MassBiologics, Serum Institute of India, Hikma Pharmaceuticals, Baxter International, GlaxoSmithKline, Valneva, Pfizer, Biomedal, ZyCoV-D, Merck and Co, Novartis

    Meningococcal Vaccines Market Trends

    The Meningococcal Vaccines Market owes its growth to the increasing cases of meningococcal infections worldwide. Anti-nomadic coercion policies have sprung up since the outbreak of COVID and people have become more aware of the diseases and its potential severity which led to increased public health leaving initiatives and vaccination being prioritized. The market has even been driven by governments and health organizations advocating for vaccination as a means of prevention. The increasing number of travelers to areas where meningococcal disease is widely seen also adds to the great demand for vaccines.

    Moreover, the improvement of vaccine technology increases efficiency and safety which facilitates more patients and clinicians to the market.

    There are several opportunities within the meningococcal vaccine landscape that can be explored to enhance market presence. Developing countries with growing healthcare infrastructure present untapped market potential, particularly through targeted vaccination initiatives. Collaborations between pharmaceutical companies and public health organizations can enhance the distribution and accessibility of vaccines. Additionally, the increasing focus on research and development into new vaccine formulations and combinations may present innovative approaches to prevent meningococcal disease, offering avenues for market expansion. In recent times, the focus on pediatric vaccination programs has intensified, with health authorities prioritizing immunization against meningococcal bacteria in children and adolescents.

    This trend reflects a broader move towards early prevention and initiative-taking healthcare strategies. The surge in public awareness campaigns regarding vaccine-preventable diseases has also played a role in increasing vaccine uptake. The COVID-19 pandemic has led to a reevaluation of public health priorities, placing more emphasis on infectious disease prevention and control. As a result, meningococcal vaccinations are now receiving more attention and importance, steering market dynamics toward a strong growth trajectory. This shift in focus can help to solidify the market's future resilience and success.

    The increasing prevalence of meningococcal disease underscores the necessity for widespread vaccination efforts, particularly among high-risk populations, as public health initiatives evolve to address emerging strains.

    Centers for Disease Control and Prevention (CDC)

    Meningococcal Vaccines Market Drivers

    Rising Awareness and Education

    Rising awareness and education regarding meningococcal disease and its prevention are pivotal in driving the Global Meningococcal Vaccines Market Industry. Educational initiatives by health organizations and non-profits are informing the public about the risks associated with meningococcal infections and the benefits of vaccination. This increased awareness is likely to lead to higher vaccination rates, particularly among high-risk populations. As more individuals understand the importance of immunization, the demand for meningococcal vaccines is expected to rise, contributing to the overall market growth.

    Government Initiatives and Funding

    Government initiatives aimed at controlling meningococcal disease significantly influence the Global Meningococcal Vaccines Market Industry. Many countries are implementing vaccination programs and allocating substantial funding to support these efforts. For instance, national immunization schedules are increasingly incorporating meningococcal vaccines, which enhances accessibility and uptake. Additionally, public health campaigns raise awareness about the importance of vaccination, further driving demand. The commitment of governments to eradicate meningococcal disease through strategic funding and policy-making is likely to bolster market growth in the coming years.

    Market Trends and Competitive Landscape

    The Global Meningococcal Vaccines Market Industry is characterized by dynamic market trends and a competitive landscape. Various stakeholders, including pharmaceutical companies and healthcare providers, are actively engaged in the development and distribution of meningococcal vaccines. The market is witnessing a surge in collaborations and partnerships aimed at enhancing vaccine accessibility and affordability. Additionally, the emergence of new players is intensifying competition, leading to innovations and improved product offerings. This evolving landscape is likely to shape the future of the market, influencing pricing strategies and consumer choices.

    Projected Market Growth and Economic Factors

    The Global Meningococcal Vaccines Market Industry is projected to grow from 4.55 USD Billion in 2024 to 6.94 USD Billion by 2035, reflecting a compound annual growth rate (CAGR) of 3.92% from 2025 to 2035. This growth is influenced by various economic factors, including increased healthcare spending and investments in vaccine research and development. As economies recover and prioritize public health, the demand for meningococcal vaccines is likely to escalate. This economic momentum is expected to create a favorable environment for market expansion, attracting investments and fostering innovation.

    Increasing Incidence of Meningococcal Disease

    The rising incidence of meningococcal disease globally is a primary driver for the Global Meningococcal Vaccines Market Industry. Reports indicate that cases of invasive meningococcal disease have been increasing in various regions, particularly among adolescents and young adults. This trend necessitates the development and distribution of effective vaccines to combat the disease. As awareness grows, healthcare systems are likely to prioritize vaccination programs, thereby enhancing market growth. The urgency to address outbreaks and protect vulnerable populations is expected to propel the market's expansion.

    Technological Advancements in Vaccine Development

    Technological advancements in vaccine development are reshaping the Global Meningococcal Vaccines Market Industry. Innovations such as recombinant DNA technology and novel adjuvants are enhancing the efficacy and safety profiles of meningococcal vaccines. These advancements enable the production of vaccines that can provide broader protection against multiple serogroups. As manufacturers adopt cutting-edge technologies, the availability of more effective vaccines is anticipated to increase, thereby attracting more healthcare providers and patients. This trend is expected to contribute to the market's growth trajectory, particularly as new formulations emerge.

    Key Players and Competitive Insights

    The Meningococcal Vaccines Market is characterized by a dynamic landscape where various stakeholders engage in intense competition to capture market share. This sector has seen significant growth driven by an increasing prevalence of meningococcal disease, heightened awareness regarding vaccination, and government initiatives promoting immunization. The competitive insights reflect not only the product offerings but also the strategic operations undertaken by key players to maintain their foothold in this market. Companies are focusing on research and development to innovate new vaccines, improve existing formulations, and expand their reach.

    Moreover, partnerships and collaborations are becoming vital for companies aiming to enhance distribution channels and access to emerging markets, further intensifying the competitive environment. Emergent BioSolutions has established a robust presence within the Meningococcal Vaccines Market, primarily due to its commitment to producing effective vaccines and expanding its portfolio. The company's strength lies in its strong research capabilities, allowing it to develop vaccines that meet the evolving needs of the health landscape. Emergent BioSolutions has positioned itself as a leader by focusing on quality and safety in its vaccine formulations.

    This dedication to excellence has garnered trust among healthcare providers and governments alike. Additionally, the company’s strategic partnerships and collaborations with various health organizations have aided in enhancing its distribution capabilities and expanding its market reach. As a result, Emergent BioSolutions is well-poised to capitalize on growing vaccination demands and navigate the challenges of a competitive market. Sanofi occupies a significant niche in the Meningococcal Vaccines Market, leveraging its extensive experience and established market presence to offer a diverse range of vaccines.

    The company's strengths are rooted in its strong research and development foundation, which enables it to innovate and adapt to the needs of health authorities and patients. Sanofi's commitment to public health is evident through its collaboration with government health initiatives and organizations aimed at increasing vaccination rates. The company's robust manufacturing capabilities ensure that it can meet demand efficiently while maintaining high standards of quality and safety in its products.

    Furthermore, with a focus on geographical expansion and patient-centric solutions, Sanofi is positioned to strengthen its market presence and continue to play a key role in the fight against meningococcal disease.

    Key Companies in the Meningococcal Vaccines Market market include

    Industry Developments

    • Q2 2024: Pfizer Receives FDA Approval for PENBRAYA™, the First and Only Vaccine to Help Protect Against the Five Most Common Serogroups Causing Meningococcal Disease in Adolescents Pfizer announced that the U.S. FDA approved PENBRAYA™, a pentavalent meningococcal vaccine, marking the first approval for a vaccine covering serogroups A, B, C, W, and Y in a single shot for adolescents.
    • Q2 2024: GSK Receives European Commission Approval for Menveo® One-Vial Presentation for Meningococcal Disease GSK announced the European Commission approved a new one-vial presentation of Menveo®, simplifying administration and storage for the quadrivalent meningococcal vaccine.
    • Q1 2024: Sanofi Launches MenQuadfi® in India to Expand Access to Meningococcal Vaccination Sanofi launched its quadrivalent meningococcal conjugate vaccine MenQuadfi® in India, aiming to improve access to protection against serogroups A, C, W, and Y.
    • Q2 2024: Moderna Announces Positive Phase 3 Results for mRNA Meningococcal Vaccine Candidate Moderna reported positive Phase 3 trial results for its investigational mRNA-based meningococcal vaccine, showing strong immunogenicity and safety, and plans to file for regulatory approval.
    • Q3 2024: Pfizer Expands Manufacturing Facility in Belgium to Boost Meningococcal Vaccine Production Pfizer announced the expansion of its Puurs, Belgium facility to increase production capacity for its meningococcal vaccines, supporting global supply.
    • Q2 2024: GSK and CEPI Announce Partnership to Develop Next-Generation Meningococcal Vaccines GSK and the Coalition for Epidemic Preparedness Innovations (CEPI) entered a partnership to develop next-generation meningococcal vaccines targeting emerging serogroups.
    • Q1 2024: Sanofi Signs Supply Agreement with UNICEF for MenQuadfi® to Support Global Immunization Efforts Sanofi signed a multi-year supply agreement with UNICEF to provide MenQuadfi® for use in global immunization programs, particularly in meningitis belt countries.
    • Q2 2025: BioNTech Initiates Phase 1 Clinical Trial of mRNA Meningococcal Vaccine Candidate BioNTech announced the start of a Phase 1 clinical trial for its mRNA-based meningococcal vaccine candidate, marking its entry into the bacterial vaccine market.
    • Q1 2025: GSK Appoints New Head of Vaccines Division Amid Strategic Focus on Meningococcal Portfolio GSK announced the appointment of a new Head of Vaccines to drive growth in its meningococcal vaccine portfolio and oversee upcoming product launches.
    • Q3 2024: Sanofi Opens New Vaccine Manufacturing Facility in Singapore to Support Asia-Pacific Demand Sanofi inaugurated a new vaccine manufacturing facility in Singapore, designed to increase production of meningococcal and other pediatric vaccines for the Asia-Pacific region.
    • Q2 2024: Pfizer and BioNTech Announce Collaboration to Develop Combination Meningococcal and Influenza Vaccine Pfizer and BioNTech announced a collaboration to develop a combination vaccine targeting both meningococcal disease and influenza, leveraging mRNA technology.
    • Q1 2025: Serum Institute of India Receives WHO Prequalification for Affordable Meningococcal Vaccine The Serum Institute of India received WHO prequalification for its low-cost meningococcal conjugate vaccine, enabling procurement by UN agencies for use in low- and middle-income countries.

    Future Outlook

    Meningococcal Vaccines Market Future Outlook

    The Global Meningococcal Vaccines Market is projected to grow at a 3.92% CAGR from 2024 to 2035, driven by rising vaccination initiatives and increasing awareness of meningococcal diseases.

    New opportunities lie in:

    • Develop combination vaccines to enhance immunization coverage.
    • Expand distribution networks in emerging markets for better accessibility.
    • Invest in R&D for next-generation vaccines targeting diverse serogroups.

    By 2035, the market is expected to demonstrate robust growth, reflecting increased global health initiatives.

    Market Segmentation

    Meningococcal Vaccines Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Meningococcal Vaccines Market Age Group Outlook

    • Infants
    • Children
    • Adolescents
    • Adults

    Meningococcal Vaccines Market Vaccine Type Outlook

    • Monovalent Vaccines
    • Multivalent Vaccines
    • Conjugate Vaccines

    Meningococcal Vaccines Market Administration Route Outlook

    • Intramuscular
    • Subcutaneous
    • Oral

    Meningococcal Vaccines Market Distribution Channel Outlook

    • Hospitals
    • Clinics
    • Pharmacies

    Report Scope

    Report Attribute/Metric Details
    Market Size 2022 4.25(USD Billion)
    Market Size 2023 4.42(USD Billion)
    Market Size 2032 6.2(USD Billion)
    Compound Annual Growth Rate (CAGR) 3.84% (2024 - 2032)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2023
    Market Forecast Period 2024 - 2032
    Historical Data 2019 - 2023
    Market Forecast Units USD Billion
    Key Companies Profiled Emergent BioSolutions, Sanofi, Astellas Pharma, MassBiologics, Serum Institute of India, Hikma Pharmaceuticals, Baxter International, GlaxoSmithKline, Valneva, Pfizer, Biomedal, ZyCoVD, Merck and Co, Novartis
    Segments Covered Vaccine Type, Age Group, Administration Route, Distribution Channel, Regional
    Key Market Opportunities Rising incidence of meningococcal diseases, Increased awareness and immunization programs, Advances in vaccine technology, Growth in emerging markets, Expansion of adolescent vaccination initiatives
    Key Market Dynamics Increasing disease prevalence, Growing awareness and vaccine adoption, Advancements in vaccine technology, Rising government initiatives, Expanding immunization programs
    Countries Covered North America, Europe, APAC, South America, MEA

    Market Highlights

    Author
    Rahul Gotadki
    Assistant Manager

    He holds an experience of about 7+ years in Market Research and Business Consulting, working under the spectrum of Life Sciences and Healthcare domains. Rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. His expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. In addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives

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    FAQs

    What is the projected market size of the Meningococcal Vaccines Market by 2032?

    The Meningococcal Vaccines Market is expected to be valued at 6.2 billion USD by 2032.

    What is the compound annual growth rate (CAGR) of the Meningococcal Vaccines Market from 2024 to 2032?

    The market is projected to experience a CAGR of 3.84% from 2024 to 2032.

    Which region holds the largest market share in the Meningococcal Vaccines Market in 2023?

    North America holds the largest market share, with a valuation of 1.7 billion USD in 2023.

    How much is the Europe region expected to grow in terms of market value by 2032?

    The Europe region is expected to grow to a market value of 1.7 billion USD by 2032.

    What is the market size for Monovalent Vaccines in 2023?

    The market size for Monovalent Vaccines is valued at 1.1 billion USD in 2023.

    Who are the key players in the Meningococcal Vaccines Market?

    Key players in the market include Emergent BioSolutions, Sanofi, Astellas Pharma, and others.

    What is the market size of Multivalent Vaccines expected to be in 2032?

    The market size for Multivalent Vaccines is anticipated to reach 2.8 billion USD by 2032.

    What are the anticipated growth values for the South America region by 2032?

    The South America region is expected to grow to a market value of 0.65 billion USD by 2032.

    How much is the Conjugate Vaccines segment projected to be worth by 2032?

    The Conjugate Vaccines segment is projected to attain a market value of 1.9 billion USD by 2032.

    What challenges and trends are influencing the Meningococcal Vaccines Market currently?

    Current trends include increased vaccination awareness and challenges such as regulatory hurdles within the market.

    Meningococcal Vaccines Market Research Report—Global Forecast till 2032 Infographic
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