Meningitis (meningococcal diseases) is characterized by inflammation of the protective lining (meninges) present around the brain and spinal cord. It can be classified into infectious and non-infectious meningitis. Based on the types of organism, infectious meningitis is sub-divided into bacterial meningitis, viral meningitis, fungal meningitis, and parasitic meningitis. Bacterial meningitis occurs due to bacterial species such as hemophilus influenzae, listeria monocytogenes, neisseria meningitidis, and streptococcus pneumoniae.
Technavio’s analysts forecast the global meningococcal vaccines market to grow at a CAGR of 13.07% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global meningococcal vaccines market for 2016-2020. To calculate the market size, the report considers the the report considers the revenue generated from the sales of vaccines used to prevent meningococcal infections.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Meningococcal Vaccines Market 2016-2020
Technavio recognizes the following companies as the key players in the global meningococcal vaccines market: GSK, Sanofi, and Pfizer.
Other Prominent Vendors in the market are Beijing Minhai Biotechnology, Bio Med, Hualan Biological Engineering, Imunoloski Zavod, JN International Medical, Nuron Biotech, Serum Institute of India, Vacunas Finlay, Merck, GlycoVaxyn, and Baxter.
Commenting on the report, an analyst from Technavio’s team said that the availability of combination vaccines is one of the key trends aiding to the growth of this market. Bacterial meningitis is caused by bacteria such as Haemophilus influenzae type B, meningococci, and pneumococci. Combination vaccines for meningitis target multiple causative agents, thereby preventing meningitis caused by these agents. For instance, Menhibrix is approved to prevent invasive meningococcal disease caused by Haemophilus influenzae type b and Neisseria meningitidis serogroups C and Y. Thus, combination vaccines eliminate the need to administer individual vaccines. The lower the number of injections administered, the lower the frequency of injection site reactions, such as pain, increasing patient compliance. Increased compliance results in effective prevention of the disease. Combination vaccines also decrease the packaging and transportation expenditure associated with multiple individual vaccines. Collectively, these factors decrease the development and marketing costs of the vaccine and increase the market revenue by effective prevention of the disease.
According to the report, the increase in awareness about vaccination and immunization programs will lead to the growth of this market. The WHO conducted a program in over 180 countries in 2013 under the slogan 'Protect your world - get vaccinated'. In 2015, the organization celebrated the European Immunization Week from April 22nd-26th. Every year, the last week of April is observed as the World Immunization Week as per the WHO mandate. In the US, the Association of American Physicians (AAP) and the National Institute of Agricultural Marketing (NIAM) helped increase vaccination coverage in the region. The Amanda Young Foundation is dedicated to reducing the number of deaths from meningococcal disease in Western Australia by organizing activities such as summits and fundraising events to raise awareness about the disease. The foundation also provides funds to support new and ongoing research on the disease.
Further, the report states that vaccine storage and handling issues is one of the major challenges, decreasing the sales of the vaccine in countries with poor affordability. Vaccines require cold conditions to stay efficacious and are likely to lose their potency if the temperature drops below 35.6 degrees Fahrenheit or goes above 46.4 degrees Fahrenheit. Inadequately stored vaccines lose their efficacy and can cause increased local reactions. Though loss of effectiveness is irreversible, it leads to wastage of vaccine and resources. Thus, the temperature should be maintained at every step of the distribution chain to ensure the supply of potent vaccines. Cold storage requires special machinery and care, which increases the market price of vaccines.
GSK, Sanofi, Pfizer, Beijing Minhai Biotechnology, Bio Med, Hualan Biological Engineering, Imunoloski Zavod, JN International Medical, Nuron Biotech, Serum Institute of India, Vacunas Finlay, Merck, GlycoVaxyn, Baxter.
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