U.S. Pneumonia Vaccine Market
Market Dynamics
The United States Pneumonia Vaccine Market is expected to witness significant growth in the coming years due to the increasing prevalence of pneumonia and rising awareness about vaccination. The growth drivers for the market include the government initiatives for immunization programs, the growing geriatric population, and the rising adoption of pneumonia vaccines by healthcare professionals. On the other hand, the industry restraints and challenges for the market include the high cost of vaccines, the lack of awareness in some regions, and the stringent regulatory framework.
Regional Forecast Analysis
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Market Segments
The market segments for pneumonia vaccines in the United States include pediatric vaccines, adult vaccines, and elderly vaccines. Within the pediatric vaccines segment, the sub-segment of PCV13 (Pneumococcal Conjugate Vaccine 13-valent) is witnessing significant demand due to its effectiveness in preventing pneumonia in children. PCV13 is recommended for all children under the age of two, and it provides protection against 13 types of pneumococcal bacteria.
Within the adult vaccines segment, the sub-segment of PPSV23 (Pneumococcal Polysaccharide Vaccine 23-valent) is gaining traction as it is recommended for all adults over the age of 65 and for adults who smoke or have certain chronic medical conditions. PPSV23 is effective in preventing pneumonia and its complications in adults.
Report Coverage & Deliverables
Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
The competitive landscape of the United States Pneumonia Vaccine Market includes leading pharmaceutical companies such as Pfizer Inc., Merck & Co. Inc., and GlaxoSmithKline plc. These market players are focusing on research and development activities to introduce innovative pneumonia vaccines and expand their presence in the market. Additionally, they are also investing in strategic partnerships and collaborations to strengthen their market position.
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