Mar, 2023 - By CMI
A rise in the frequency of meningitis is predicted to raise demand for meningitis vaccinations, as are increased activities by governments and regulatory bodies to combat the rising prevalence of meningitis, driving growth in the worldwide meningitis vaccines market. Product recalls and the high cost of meningitis vaccination are projected to be important factors impeding growth in the global meningitis vaccines market. Rising vaccination programmes for meningitis are likely to drive market expansion throughout the forecast period.
According to Coherent Market Insights, Global Meningitis Vaccines Market is estimated to be valued at US$ 4,070.1 million in 2022 and is expected to exhibit a CAGR of 6.4% during the forecast period (2022-2030).
Prominent Companies in the Meningitis Vaccine Industry:
1. GlaxoSmithKline plc.
In the pharmaceutical industry, GSK ranks as one of the largest firms by total sales. The company wields its might across several therapeutic classes, including respiratory, cancer, and antiviral, as well as vaccines. GSK uses joint ventures to gain additional scale in certain markets like HIV. Founded in 2000, headquartered in England, U.K. in August 2020, the company commenced patient dosing in a phase III clinical study comparing its 5 in 1 meningitis vaccine candidate against licensed meningococcal vaccines, Bexsero and menveo.
2. Sanofi S.A.
Sanofi, together with its subsidiaries, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally. It operates through three segments: Pharmaceuticals, Vaccines, and Consumer Healthcare. Sanofi was founded in 1973 and is headquartered in Paris, France.
3. Merck & Co., Inc.
Merck & Co., Inc. operates as a healthcare company worldwide. It operates through two segments, Pharmaceutical and Animal Health. Merck & Co., Inc. was founded in 1891 and is headquartered in Rahway, New Jersey.
4. Pfizer Inc.
Pfizer Inc. was founded in 1849 and is headquartered in New York, New York. Pfizer Inc. discovers, develops, manufactures, markets, distributes, and sell biopharmaceutical products worldwide.
5. Novartis AG
The company was incorporated in 1996 and is headquartered in Basel, Switzerland. Novartis AG researches, develops, manufactures, and markets healthcare products worldwide. In January 2020, Novartis AG announced that it had completed acquisition of The Medicines Company, a pharmaceutical company.
6. Walvax Biotechnology Co., Ltd.
Walvax Biotechnology Co., Ltd., a biological pharmaceutical company, researches and develops, produces, and sells bio-medicine products in China. The company offers biomedicines, such as vaccines, blood products, and others. The company offers biomedicines, such as vaccines, blood products, and others. It provides Group A, C meningococcal polysaccharide conjugate vaccine for infants below or equal to 2 years preventing diseases, such as cerebrospinal meningitis and septicemia; Group A and C meningococcal polysaccharide vaccine for in adults and children over the age of 2 years and Group ACYW135 meningococcal polysaccharide vaccine for children above 2 years old to prevent epidemic cerebrospinal meningitis caused by Neisseria meningitidis group A, C, Y, and W135. Walvax Biotechnology Co., Ltd. was founded in 2001 and is headquartered in Kunming, China.
7. Incepta Pharmaceuticals Ltd.
Intercept Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of therapeutics to treat progressive non-viral liver diseases in the United States, Europe, and Canada. The company was incorporated in 2002 and is headquartered in New York, New York.
8. Serum Institute of India Pvt. Ltd.
Serum Institute of India Pvt, Ltd. is the world's largest vaccine manufacturer by number of doses produced and sold globally (more than 1.5 billion doses), supplying the world's least expensive and WHO-accredited vaccines to as many as 170 countries. It was founded in 1966, headquartered in Pune, India.
9. Panacea Biotec Limited
Panacea Biotec Limited, a biotechnology company, engages in the research and development, manufacture, and marketing of pharmaceutical formulations and vaccines in India. It operates through Vaccines and Formulations segments. Panacea Biotec Limited was incorporated in 1984 and is based in New Delhi, India.
*Definition- Meningitis is an uncommon illness that affects the meninges, which are the fragile membranes that protect the brain and spinal cord. When patients sick with meningitis cough or sneeze, the germs that cause meningitis can spread.