Vaccination is one of the most cost-effective and safest ways to prevent diseases. Pneumococcus is one of the major causes of blood infection, pneumonia, sinusitis, meningitis, and otitis media. It is also a leading infectious disease. However, it can be prevented with the help of vaccination. Majority of countries have pneumococcal vaccines in their national immunization program for children aged under 1 year. Increase in pneumococcal diseases due to causative serotype drives the need for vaccines with broader coverage. Hence, demand for new pneumococcal vaccines with wider serotype coverage is rising.
Despite the availability of antibiotic therapy against pneumococcal disease, it remains a significant cause of death among people with increased susceptibility such as the elderly and people suffering from immunosuppressive conditions or chronic illness. However, prevalence of pneumococcal disease has declined in countries that introduced pneumococcal conjugate vaccines (PCV). Meanwhile, efforts are underway to introduce pneumococcal vaccines in other countries as well. Companies also plan to introduce new and affordable PCVs, especially for the developing countries. There has also been an increase in investment in research and development to develop new vaccines at lower cost.
The global Pneumococcal Vaccines Market has been segmented based on product type, distribution channel, sector, and region. In terms of product type, the global market has been classified into Synflorix, Prevenar-13, PCV 13 (pipeline), V114 (Merck), PCV-20 (Pfizer), PCV-10 (SII), and PPSV- 23. Each of the product segments has been divided into pediatric and adults. Based on distribution channel, the global market has been categorized into wholesalers (pharmacy channel), specialized companies, public authorities, and others. In terms of sector, the global pneumococcal vaccines market has been bifurcated into private and public. Based on region, the global market has been segmented into North America, Europe, Asia Pacific, Latin America, and Rest of the World.
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In terms of product type, Prevenar-13 dominated the global market in 2017, accounting for 77.3% share. Prevenar-13 is Pfizer, Inc.’s largest brand, which has been one of the most widely adopted 13-valent PCV vaccines across the world. However, higher cost of the vaccine and entry of new vaccines are projected to hamper sales from 2018 to 2026.
Based on distribution channel, the wholesalers (pharmacy channel) segment dominated the global pneumococcal vaccines market in 2017. Vaccine distribution in Europe and some countries in Asia Pacific follows a traditional pharmaceutical supply chain, and wholesalers are dominant in these countries. However, shortage of vaccines and difficulty in accessing essential vaccines in several countries have led to the entry of public authorities in the overall supply and distribution of vaccines. Hence, the wholesalers segment is expected to lose market share from 2018 to 2026. Increase in participation by regional and national governments along with non-profit organizations for availability, supply, and distribution of pneumococcal vaccines in emerging countries is anticipated to boost the growth of the public segment between 2018 and 2026.
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