Pediatric Vaccines Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The pediatric vaccine market is expected to register a CAGR of 7% during the forecast period, 2020-2025. The growth of the pediatric vaccines market is attributed to the rising burden of chronic diseases, along with the importance and awareness of immunization, technological advancements in vaccines, and an increase in the government and non-government funding in R&D.

• As per the World Health Organization (WHO), 2019, new surveillance data reported that the cases of measles and rubella rose by 300% in the first three months of 2019, compared to the same period of 2018. This increase has been observed in two consecutive years, with outbreaks mainly in the Democratic Republic of the Congo, Ethiopia, Georgia, Kazakhstan, Kyrgyzstan, Madagascar, Myanmar, Philippines, Sudan, Thailand, and Ukraine, mostly among the children. Furthermore, between the period of January 1 to July 31, 2019, 182 countries reported 364,808 measles cases to the World Health Organization (WHO), compared to 129,239 measles cases, during the same period in 2018.
• As immunization plays a significant role in modern medicine, there are several international programs for children, which may vary based on the disease. However, these programs are primarily driving the demand in the pediatric vaccines market.
• There are many initiatives going on each year across many countries to urge for greater action on immunization. The aim of many organizations active in this healthcare segment is to extend the immunization having present coverage of less than 80% or 60%. As per the 2019 initiative under the Pan American Health Organization (PAHO), about 20 countries planned to vaccinate more than 2.25 million children and adults against measles, through initiatives and innovative awareness programs. In 2017, about 116.2 million children were immunized, which was the highest ever reported, as per the WHO.​This is likely to positively impact the market growth.
• On the other hand, the high cost of immunization and less access to healthcare in low- and middle-income countries are anticipated to hamper the market growth over the forecast period.

Scope of the Report

As per the scope of the report, pediatric vaccines are vaccines that stimulate the body's immune response, in order to prevent a specific disease in children.

Report scope can be customized per your requirements. Click here.

Key Market Trends

The Conjugate Vaccine Segment is Expected to Grow at a Significant Rate

Conjugate vaccines consist of antigens (poly or oligosaccharides) that are chemically attached to the carrier protein. Attaching the saccharides to protein converts polysaccharides to T-dependent antigens, which elicit robust immune responses in infants and adults. These “glycoconjugate” vaccines elicit T-cell help for B-cells that produce IgG antibodies to the conjugated polysaccharide.

The CDC recommends the routine administration of the pneumococcal conjugate vaccine (PCV13 or Prevnar13) for all children below two years of age.​

Furthermore, the rising focus on research, government initiatives on vaccination, and growing awareness, coupled with the companies' efforts in advancing the vaccines, are expected to have a direct correlation with the market growth.​

In May 2017, Pfizer’s 13-valent Pneumococcal Conjugate Vaccine (PCV 13) to prevent pneumonia was selected for the immunization program in certain states of India. In the first phase of vaccination it covered around 5.15 million babies. Pfizer Inc. has supplied the vaccine through UNICEF, under the auspices of Gavi.

Moreover, live attenuated vaccines are expected to register significant growth over the forecast period. The major advantage associated with live attenuated vaccine is that only small doses are required and also no boosters needed, owing to the strong immune response triggered by live attenuated vaccines.​​

To understand key trends, Download Sample Report