Stratview Research delivers key insights on the global Pneumonia Vaccines Market. According to Stratview Research, the market is segmented by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium & Heavy-Duty Commercial Vehicle), by Monitoring Technique Type (Vibration Analysis, Thermography, Oil Analysis, and Others), by Product Type (Router-based System, Portable System, and Sensor-based System), by Deployment Type, and Rest of the World [Brazil, Argentina, and Others]).
The report also covers the Covid impact has on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.
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Market Insights
Pneumonia Vaccines Market is likely to witness an impressive CAGR of 5.0% during the forecast period
Market Segments’ Analysis
Product Type
Based on the product type, the market is segmented as pneumonia conjugate vaccines and pneumonia polysaccharide vaccines. The pneumonia conjugate vaccine is estimated to be the larger product type in the market owing to its ability to immunize infants and children from the age of 6 weeks to 5 years, providing prevention from invasive disease, pneumonia, and acute otitis media. There has been an increase in the adoption and usage of pneumonia conjugate vaccines amongst the population as many people are vulnerable to pneumonia including children below 5 years and adults above 50 years as well. On the contrary, the pneumonia polysaccharide vaccine is estimated to be the faster-growing segment in the market. The growth is attributed to Pneumovax 23 which has been proven very effective in protecting healthy young adults from invasive pneumonia disease, fueling the product demand during the forecast period.
By Region
In terms of regions, it has been observed that Asia-Pacific is leading the market with India being the major country witnessing a significant growth rate, attributed to the increasing prevalence of pneumonia and growing mortality associated with the disease which is expected to fuel the product demand during the forecast period. Further, the government getting strong funds from the Global Alliance of Vaccines and Immunization for more accessible pneumonia vaccines and increasing affordability will accelerate the growth of the regional market over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for the Pneumonia Vaccines Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did Covid19 impact the market?
- How long will it take to recover from the Covid impact?
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