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Bacterial Conjugate Vaccines Is Fastest Growing Segment Fueling The Growth Of Bacterial Vaccines Market

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ashwinicmi
Bacterial Conjugate Vaccines Is Fastest Growing Segment Fueling The Growth Of Bacterial Vaccines Market

The global Bacterial Vaccines Market is estimated to be valued at US$ 23.77 Bn in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Bacterial vaccines provide protection against bacterial infections by triggering an immune response in the human body. They help prevent diseases such as meningitis, pneumonia, and tetanus. These vaccines are clinically proven to be highly effective and help reduce the disease burden on healthcare systems.

Market key trends:

One of the key trends in the bacterial vaccines market is the development of combination vaccines. Combination vaccines provide protection against multiple diseases with a single vaccine shot, thus improving patient compliance. They also help reduce the cost of separate vaccination for individual diseases. Major players are focused on developing innovative combination bacterial vaccines to provide broader disease prevention. For instance, GSK is developing a pentavalent vaccine that protects against Hib, diphtheria, tetanus, whooping cough and hebB. Such combination vaccines are expected to drive the growth of the overall bacterial vaccines market.


Segment Analysis

The global bacterial vaccines market is dominated by the polysaccharide vaccines segment. This is because polysaccharide vaccines induce immunological memory and long-lasting protection against invasive bacterial diseases such as meningococcal disease, pneumonia, and haemophilus influenza. These vaccines protect against bacterial infections that can lead to life-threatening conditions.

Key Takeaways

The Global Bacterial Vaccines Market Demand is expected to witness high growth, exhibiting CAGR of 8.0% over the forecast period, due to increasing product launches, growing awareness regarding preventable bacterial diseases, and rising government support.

Regional analysis related content comprises The Asia Pacific region is expected to dominate the global bacterial vaccines market over the forecast period. This is attributed to increasing disposable incomes, rising awareness about bacterial diseases and their prevention through vaccination in highly populated countries like India and China.

Key players related content comprises Key players operating in the bacterial vaccines market are GlaxoSmithKline plc, Pfizer Inc., Merck & Co. Inc., Sanofi Pasteur SA, Johnson & Johnson, Serum Institute of India Pvt. Ltd., Bharat Biotech International Limited, Biological E. Limited, Astellas Pharma Inc., Seqirus (CSL Limited), Mitsubishi Tanabe Pharma Corporation, Novavax Inc., Bavarian Nordic, Emergent BioSolutions Inc., Valneva SE. GlaxoSmithKline and Pfizer capture the majority market share due to their well-established brands and robust distribution networks globally.

Get more insights on this topic:

https://www.marketwebjournal.com/bacterial-vaccines-market-market-size-share-analysis-growth/

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