Primary Driver In The Vaxneuvance Market 2025: Impact Of High Pneumonia Prevalence On Vaccine Demand

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LONDON, GREATER LONDON, UNITED KINGDOM, February 11, 2025 /EINPresswire.com/ -- Is the Vaxneuvance Market Set to Witness Substantial Growth?

In recent years, the vaxneuvance market size has grown exponentially. Notably, it's projected to grow from $XX million in 2024 to $XX million in 2025 at a compound annual growth rate CAGR of XX%. What has boosted this growth in the historic period? It can be attributed to the rise in incidence of pneumococcal diseases, the increase in the aging population, supportive regulatory approvals, an increase in government funding for vaccination, and increase in travel and globalization.

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The growth doesn't stop there. The vaxneuvance market size is expected to see XX FCAGR in the next few years. By 2029, it will grow to $XX million at a compound annual growth rate CAGR of XX%. The drivers of growth in the forecast period can be credited to rising chronic conditions, rising antimicrobial resistance, increasing respiratory infections in children, growing cases of immunocompromised populations, and rising healthcare investments. Major trends in the forecast period include the development of needle-free vaccine delivery systems, advancements in cold-chain technologies, integration of AI-powered supply chain optimization, integration with digital health records for tracking immunizations, and innovations in adjuvant systems to boost immune response.

What Drives The Vaxneuvance Market Growth?

Together with the continuous innovation, the prevalence of pneumonia is expected to drive the growth of the vaxneuvance market going forward. Pneumonia, an infection causing inflammation in the air sacs of one or both lungs, leads to various symptoms such as coughing, fever, and breathing difficulties. The prevalence of pneumonia is driven by factors such as viral and bacterial infections, weakened immune systems, air pollution, and the increasing aging population, which makes individuals more susceptible to respiratory infections. Vaxneuvance comes as a knight in shining armor, protecting patients against pneumonia caused by 15 strains of Streptococcus pneumoniae, reducing the risk of severe infections and related complications.

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Who Are The Key Players In The Vaxneuvance Market?

In terms of key industry players, major companies operating in the vaxneuvance market are Merck & Co. Inc., renowned for their continuous contributions to the healthcare industry. One key trend in the vaxneuvance market is the expanded indications to widen the vaccine's target patient population. This addresses unmet medical needs and enhances the vaccine's utility in preventing pneumococcal diseases across various age groups. A case in point is Merck & Co. Inc., a US-based company, which announced in June 2022 that the United States Food and Drug Administration FDA expanded vaxneuvance approval to include children aged 6 weeks to 17 years, preventing invasive pneumococcal disease caused by 15 serotypes.

How Is The Vaxneuvance Market Segmented?

The vaxneuvance market report segments:

1 By Indication: Pneumonia; Meningitis; Sepsis; Bacteremia; Otitis Media
2 By Distribution Channel: Pharmacies; Hospitals
3 By End User: Adults; Children; Geriatric Population

It's noteworthy that North America was the largest region in the vaxneuvance market in 2024. The regions covered in the vaxneuvance market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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