Meningococcal Vaccine Market is Thriving with Clinical Trials and Approvals Lately
Good growth is forecasted for the global meningococcal vaccine market during the assessment period of 2019-2029. Meningococcal disease is a type of infection that is contagious and triggers transmission by coming in close contact with an infected person. The symptoms related to this infection are rashes, fever, and headache. It can affect individuals of any age group and can be prevented by vaccination. On the basis of vaccine serotype, the meningococcal vaccine market can be classified into MenB & Manic, MenAC, MenACWY, MenA, and MenC.
This meningococcal vaccine market report has extensive information on various aspects associated with bringing growth. Important factors such as emerging trends, mergers and acquisitions, and the regional scenario of the meningococcal vaccine market have been analyzed and included in the report. The stakeholders can derive a treasure of information from this report. This report also includes a scrutinized take on the COVID-19 impact on the meningococcal vaccines market.
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Meningococcal Vaccine Market: Competitive Aspects
The meningococcal vaccine market landscape can be categorized as highly consolidated. A small bunch of companies is responsible for deriving growth across the meningococcal vaccines market. The leading players in the meningococcal vaccine market are always involved in intense research and development activities for discovering novel insights that lead to a rise in the efficacy levels of the vaccines. Production expansion is also on the agenda of many prominent players to adhere to the increasing demand for the vaccines.
Some well-established participants in the meningococcal vaccine market are Merck & Co., Inc., Sanofi, Pfizer Inc., GlaxoSmithKline plc,
Meningococcal Vaccines Market: Key Trends
Awareness about the spread of the infection and ubiquitous information about the vaccines available to a large chunk of individuals may have a positive impact on the growth of the meningococcal vaccines market.
Large-scale immunization drives organized and conducted by government and non-government organizations are bringing immense growth prospects for the v meningococcal vaccines market. For instance, Detroit Health Department and Wayne Pediatrics recently announced a free vaccination drive named ‘Vaccine for Kids’. This drive will provide vaccination to the kids to guard them against various infections including meningococcal. Such drives may help the meningococcal vaccine market to gain great growth prospects.
Compulsory vaccination rules framed by the government bodies are also laying a red carpet of growth across the meningococcal vaccines market. North Carolina recently released a rule that a dose of a meningococcal conjugant vaccine is necessary for the students going to public, religious, and private schools. These developments sow the seeds of growth firmly across the meningococcal vaccines market.
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Meningococcal Vaccine Market: Latest Approvals and Ongoing Trials
The meningococcal vaccine market is thriving with clinical trials and approvals lately. These aspects invite tremendous growth opportunities for the meningococcal vaccines market. Here are some latest developments.
- MenQuadfi, a novel meningococcal vaccine developed by Sanofi has been recently approved by the U.S. regulatory authorities and is the only meningococcal vaccine in the country to use tetanus toxoid as a protein carrier
- GlaxoSmithKline commenced with its phase III clinical program for exploring the efficacy of its 5 in 1 MenABCWY vaccine candidate
Meningococcal Vaccine Market: Regional Perspective
North America may bring extensive growth for the meningococcal vaccine market due to the escalating research and development activities surrounding the vaccine development mechanisms. Asia Pacific may also contribute greatly to the growth of the meningococcal vaccine market due to the growing pediatric population and rising healthcare initiatives by the government.
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