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Pediatric Vaccines Market by Type (Monovalent vaccines, Multivalent vaccines), by Technology (Live attenuated vaccine, Inactivate vaccine, Toxoid vaccine, Conjugate vaccine, Other technologies), by Indication (Influenza, Human papilloma virus, Measles, mumps, and rubella, Polio, Pneumococcal disease, Diphtheria, pertussis, and tetanus, Other indications), by End-use (Public, Private), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), by Asia Pacific (Japan, China, India, Australia, South Korea, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by Middle East and Africa (South Africa, Saudia Arabia, UAE, Rest of Middle East and Africa) Forecast 2025-2033
The size of the Pediatric Vaccines Market was valued at USD 48.1 Billion in 2024 and is projected to reach USD 87.37 Billion by 2033, with an expected CAGR of 8.9% during the forecast period. The Pediatric Vaccines Market concentrates on the creation, manufacturing, and distribution of vaccines aimed at safeguarding infants and children against numerous infectious diseases. This market encompasses vaccines for prevalent childhood diseases like measles, mumps, rubella, polio, diphtheria, tetanus, whooping cough, as well as newer vaccines for conditions such as rotavirus, human papillomavirus (HPV), and meningitis. The growing worldwide emphasis on vaccination programs, governmental efforts to enhance vaccine accessibility, and heightened awareness regarding the significance of childhood immunizations are significant factors propelling market expansion. The launch of combination vaccines, which safeguard against various diseases with one injection, has broadened the market by making immunization schedules easier for parents and healthcare professionals. Moreover, progress in vaccine technology, such as mRNA vaccines and enhanced delivery mechanisms, is transforming the market. The pediatric vaccines market is further supported by increasing healthcare accessibility in developing areas and the continuous initiatives to eliminate or manage vaccine-preventable diseases worldwide. With the increasing demand for extensive vaccination programs, the Pediatric Vaccines Market is projected to experience ongoing growth, providing improved protection and health results for children globally.
The market is concentrated among leading players such as Pfizer, GSK, and Sanofi, who possess substantial market share and a robust product portfolio. Key characteristics include innovation-led competition, evolving regulatory frameworks, and a consolidated end-user base. Mergers and acquisitions (M&A) have shaped the market landscape, with companies seeking to expand their product offerings and strengthen their position.
Increasing Disease Burden: The resurgence of infectious diseases like measles and mumps, coupled with the emergence of novel pathogens, has highlighted the importance of vaccination.
Government Immunization Initiatives: Governments worldwide are implementing comprehensive immunization programs to ensure widespread access to vaccines, reducing disease incidence and promoting public health.
Technological Advancements: Advancements in vaccine technology, such as mRNA vaccines and protein subunit vaccines, have enhanced vaccine efficacy and safety profiles. These innovations promise to improve immunization outcomes.
Key Regions:
Key Segments:
The report offers in-depth coverage of the pediatric vaccines market, including:
Market Size and Growth: The market size in 2023 is estimated at $48.1 billion, projected to reach $81.4 billion by 2030, growing at a CAGR of 8.9%.
Market Share Analysis: Pfizer holds a leading market share in the pediatric vaccines market, followed by GSK, Merck, and Sanofi.
North America: Dominates the market with a share of 34.5% in 2023, driven by the presence of leading pharmaceutical companies and advanced healthcare infrastructure.
Europe: Holds a share of 28.5% in 2023, exhibiting strong vaccine compliance and government support for immunization programs.
Pfizer's ABRYSVO Approval: In August 2023, Pfizer received FDA approval for ABRYSVO, a vaccine to protect against respiratory syncytial virus (RSV) in infants.
Pfizer's PREVNAR 20 Approval: In April 2023, Pfizer obtained FDA approval for PREVNAR 20, a vaccine to prevent invasive pneumococcal disease (IPD) in children.
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 8.9% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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