Pediatric vaccines are administered to prevent the child from several infectious diseases and non-infectious disease. The vaccines contain weakened version of virus or antigen and this antigen cannot produce the signs or symptoms of the disease. Furthermore, antigen stimulates the immune system to create antibodies which helps to protect when exposes to infectious or non-infectious disease in future. There are various pediatric vaccines market available in the market such as pneumococcal vaccine, polio vaccine, rotavirus vaccine, MMR vaccine, influenza vaccine, hepatitis B vaccine, meningococcal vaccine, and Hib vaccine.
Continuous development for manufacturing low cost vaccines and increasing incidence of diseases such influenza, hepatitis and other diseases globally is expected to drive the growth of global pediatric vaccines market over the forecast period. Growing awareness about the benefits of vaccines coupled with increasing demand for vaccines is expected to drive the global pediatric vaccines market over the forecast period. Manufacturers can develop combined vaccine that can immunize several diseases which in turn creates an opportunity of market players operating in global pediatric vaccines market.
Types segment includes monovalent vaccines and multivalent vaccines. The monovalent vaccines are stable, safe, and has an ability to develop rapid immune response, owing to these factors the monovalent vaccines segment contributes major market share in global pediatric vaccines market.
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Technique segment includes live attenuated, inactivated, subunit, toxoid, conjugate, and recombinant vector vaccine. The conjugate segment is expected to witness rapid growth over the forecast period and maintains its dominance over the forecast period.
Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. North America contributes major market share and expected to maintain its dominance over the forecast period owing to the increasing R&D activities and government initiatives for immunization.
Some prominent players in the global pediatric vaccines market are GlaxoSmithKline Plc. Merck & Co., Inc., Pfizer Inc., Sanofi SA, Indian Immunologicals Ltd., Serum Institute of India Pvt. Ltd, Panacea Biotec Limited, Sinovac Biotech Ltd., Bio Med Pvt. Ltd., and Zydua Cadila.