Pneumococcal vaccines Market to Register a CAGR Growth of 8.3% throughout 2017

The World Health Organization (WHO) projects that Streptococcus Pneumoniae kills nearly half a million children under the 5 years of age across the globe every year, especially in the developing countries. However, there has been a reduction in the disease in the regions that provide Pneumococcal Conjugate Vaccines (PCV). Introduction of vaccines around the world has significantly reduced disease burden, notably in the developing countries. Key market players are also entering into a partnership to ensure that supply of the pneumococcal vaccines remains stable. Manufacturers are also focusing on developing countries as various organizations are investing in these developing nations to help in the research and development and delivery of vaccines in order to reduce mortality rate due to the diseases.  

Various government and private sector organizations are taking initiatives to provide vaccination, especially for the low income group and at the same time create awareness among the people about various diseases. Child mortality rate due to pneumonia has also reduced significantly due to pneumococcal vaccines. The latest developed vaccines that fight against infections of 13 and 23 pneumococcal serotypes are Pneumovax23 and Prevnar 13. However, the most comprehensive vaccine to fight against 72 forms of S. Pneumoniae is still under development. Meanwhile, in order to maintain the quality of vaccines, manufacturers, distributors and others in the supply chain are following cold chain procedure, recommended by WHO. The increasing incidence of drug resistance against bacteria of pneumonia disease is driving the need for cost-effective treatment and also giving rise to the R&D of new pneumococcal vaccines.Sanofi, Merck & Co. Inc., GlaxoSmithKline PLC, and Pfizer, Inc. are some of the key market players in the global pneumococcal vaccines market.

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