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  • Published On : Jun 2022
  • Code : CMI5042
  • Industry : Pharmaceutical
  • Pages : 359
  • Formats :

Meningitis is a rare infection that affects the delicate membranes that surround the brain and spinal cord, known as meninges. The bacteria that cause meningitis can spread when people infected with meningitis cough or sneeze. Meningococcal meningitis is a type of bacterial meningitis caused by the bacterium Neisseria meningitidis. Bacterial meningitis can occur at any age. Infants, on the other hand, are at a larger risk of developing bacterial meningitis

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).

Figure 1.Global Meningitis Vaccines Market Share (%) in Terms of Value, by Vaccine, 2022

Meningitis Vaccines  | Coherent Market Insights

Rise in the incidence of meningitis is expected to drive growth of the meningitis vaccines market

A rise in the incidence of meningitis is expected to increase the demand for meningitis vaccines, thus driving growth of the global meningitis vaccines market. For instance, according to data published by Elsevier Inc., the Netherlands-based academic publishing company, in April 2021, more than 2.5 million cases and 236,000 deaths due to meningitis were reported in 2019 globally .

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Meningitis Vaccines Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: US$ 4,070.1 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 6.4% 2030 Value Projection: US$ 6,669.3 Mn
Geographies covered:
  • Countries: Egypt, Nigeria, Morocco, Indonesia, Bangladesh, Malaysia, United Arab Emirates, Saudi Arabia, Pakistan, Turkey, Kazakhstan, Jordan, Qatar, Sudan, Lebanon, Uganda, Benin, Cameroon, Gabon, Cote d’Ivoire, Vietnam, Singapore, Mexico, Argentina, Thailand, Philippines, Nepal, Myanmar, Rest of the World
Segments covered:
  • By Vaccine: Pneumococcal Conjugate Vaccine, Pneumococcal Polysaccharide Vaccine, Meningococcal Vaccine, Others
  • By Age Group: Infants, Adults
  • By Distribution Channel: Government, Private 
Companies covered:

GlaxoSmithKline plc., Sanofi S.A., Merck & Co., Inc., Pfizer Inc., Novartis AG, Walvax Biotechnology Co., Ltd.,  Incepta Pharmaceuticals Ltd., Serum Institute of India Pvt. Ltd., Vacsera, Zhi Fei Biological, BIO MED, Chengdu Kanghua Biological Products, Bharat Biotech., LG Chem, Espromed Bio, Panacea Biotec Limited, Sinovac Biotech Co., Ltd., CanSinoBIO, and Eubiologics Co., Ltd.

Growth Drivers:
  • Rise in the incidence of meningitis
  • Increasing initiatives by governments of countries and regulatory authorities to combat the rising prevalence of meningitis
  • Increasing product launches and approvals
Restraints & Challenges:
  • Product recalls
  • High cost associated with meningitis vaccine

Figure 2.Global Meningitis Vaccines Market Share (%), by Age Group, 2022

Meningitis Vaccines  | Coherent Market Insights

Increasing initiatives by governments of countries and regulatory authorities to combat the rising prevalence of meningitis are expected to drive market growth during the forecast period.

Increasing initiatives by governments of countries and regulatory authorities to combat the increasing prevalence of meningitis are expected to propel growth of the global meningitis vaccines market over the forecast period. For instance, in September 2021, the World Health Organization (WHO) and its partners launched the first ever global strategy, Global Roadmap to Defeat Meningitis by 2030, to defeat meningitis. The goal of the strategy is to eliminate epidemics of bacterial meningitis and reduce deaths by 70% and halve the number of cases by 2030.

Global Meningitis Vaccines Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.

COVID-19 can affect the economy in three main ways: by directly affecting production and demand of products, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, UAE, Egypt, and others, faced problems with regard to the transportation of products from one place to another.

The COVID-19 pandemic had a negative economic impact on the global meningitis vaccines market, owing to decrease in vaccination rates for meningitis. For instance, according to an article published by Elsevier B.V., a Netherlands-based academic publishing company specializing in scientific, technical, and medical content, in April 2022, the number of meningococcal C (Men-C) conjugate vaccine doses administered from March 2019 to December 2020 was analyzed in Brazil. In total, 14,832,054 meningococcal C conjugate vaccine doses were administered throughout the investigated period; 66.30% of them from March 2019 to February 2020, and 33.70%, from March 2020 to December 2020. Thus, the COVID-19 pandemic had a negative impact on the number of meningitis vaccine doses administered in the North and South regions (26.98% and 41.47%, respectively) and in eleven states of Brazil

Thus, due to the decreased vaccination rates, the COVID-19 pandemic had a negative economic impact on the global meningitis vaccines market

Global Meningitis Vaccines Market: Restraint

The major factors that are expected to hinder growth of the global meningitis vaccines market include product recalls and high cost associated with meningitis vaccine. For instance, in 2018, The Johns Hopkins University researchers had calculated that requiring all college students to be vaccinated against meningitis B would not be cost-effective. Researchers found that the universal immunization against serogroup B of meningococcal disease, or meningitis B, for college-aged students would only be beneficial if the vaccine costs less than US$ 65. The average price for it is US$ 324.

Key Players

Major players operating in the global meningitis vaccines market include GlaxoSmithKline plc., Sanofi S.A., Merck & Co., Inc., Pfizer Inc., Novartis AG, Walvax Biotechnology Co., Ltd.,  Incepta Pharmaceuticals Ltd., Serum Institute of India Pvt. Ltd., Vacsera, Zhi Fei Biological, BIO MED, Chengdu Kanghua Biological Products, Bharat Biotech., LG Chem, Espromed Bio, Panacea Biotec Limited, Sinovac Biotech Co., Ltd., CanSinoBIO, and Eubiologics Co., Ltd.

Meningitis is an inflammation of the tissue layers that surround the brain and spinal cord (meninges) as well as the fluid-filled area between the meninges (subarachnoid space). Meningitis can be caused by bacteria, viruses, fungus, or non-infectious illnesses. Meningitis symptoms include headache, fever, and a stiff neck that makes lowering the chin to the chest difficult or impossible, though infants may not have a stiff neck and symptoms may differ in the elderly and individuals who use immune-suppressing medicines. Vaccination is a safe option to develop immunity against meningitis. Immunization of individuals most at risk of being infected helps to protect the individuals from meningitis, prevents its spread within communities, and eventually benefits the entire population. However, not all causes of meningitis and septicemia are vaccine preventable so being able to recognize the symptoms is important.

Market Dynamics

Key companies in the market are focusing on product launches and approvals for meningitis vaccines which is expected to boost the global meningitis vaccines market growth over the forecast period. For instance, in June 2021, CanSinoBIO, an innovative biopharmaceutical company, announced that the National Medical Products Administration (NMPA) of China granted approval for its Group C and Group A Meningococcal Conjugate Vaccine which has a trade name: Menphecia. Menphecia delivers protection against infection of Group A and C Neisseria meningitides.

Moreover, in May 2019, the Ministry of Health of Ireland had approved the menACWY vaccine to be administered to thousands of children & adults in Ireland due to rising cases of meningitis that were reported in 2018.

Key features of the study:

  • This report provides in-depth analysis of the global meningitis vaccines market , and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global meningitis vaccines market   based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include GlaxoSmithKline plc., Sanofi S.A., Merck & Co., Inc., Pfizer Inc., Novartis AG, Walvax Biotechnology Co., Ltd., Incepta Pharmaceuticals Ltd., Serum Institute of India Pvt. Ltd., Vacsera, Zhi Fei Biological, BIO MED, Chengdu Kanghua Biological Products, Bharat Biotech., LG Chem, Espromed Bio, Panacea Biotec Limited, Sinovac Biotech Co., Ltd., CanSinoBIO, and Eubiologics Co., Ltd.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global meningitis vaccines market  report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global meningitis vaccines market

Detailed Segmentation:

  • Global Meningitis Vaccines Market, By Vaccine:
    • Pneumococcal Conjugate Vaccine
    • Pneumococcal Polysaccharide Vaccine 
    • Meningococcal Vaccine 
    • Others 
  • Global Meningitis Vaccines Market, By Age Group:
    • Infants
    • Adults
  • Global Meningitis Vaccines Market, By Distribution Channel:
    • Government
    • Private
  • Global Meningitis Vaccines Market, By Country:
    • Egypt
    • Nigeria
    • Morocco
    • Indonesia
    • Bangladesh
    • Malaysia
    • United Arab Emirates
    • Saudi Arabia
    • Pakistan
    • Turkey
    • Kazakhstan
    • Jordan
    • Qatar
    • Sudan
    • Lebanon
    • Uganda
    • Benin
    • Cameroon
    • Gabon
    • Cote d’Ivoire
    • Vietnam
    • Singapore
    • Mexico
    • Argentina
    • Thailand
    • Philippines
    • Nepal
    • Myanmar
    • Rest of the World
  • Company Profiles
    • GlaxoSmithKline plc.
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Sanofi S.A.
    • Merck & Co., Inc.
    • Pfizer Inc.
    • Novartis AG
    • Walvax Biotechnology Co., Ltd.
    • Incepta Pharmaceuticals Ltd.
    • Serum Institute of India Pvt. Ltd.
    • Vacsera
    • Zhi Fei Biological
    • BIO MED
    • Chengdu Kanghua Biological Products
    • Bharat Biotech.
    • LG Chem
    • Espromed Bio
    • Panacea Biotec Limited
    • Sinovac Biotech Co., Ltd.
    • CanSinoBIO
    • Eubiologics Co., Ltd.

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

Global meningitis market size is estimated to be valued at US$ 4,070.1 million in 2022 and is expected to exhibit a CAGR of 6.4% between 2022 and 2030.
Factors such as rise in the incidence of meningitis, increasing initiatives by governments of countries and regulatory authorities to combat the rising prevalence of meningitis, and increasing product launches and approvals are expected to drive the market  growth.
Pneumococcal Conjugate Vaccine segment is the leading vaccine segment in the market.
The major factors hampering growth of the market include product recalls and high cost associated with meningitis vaccine.
Major players operating in the market include GlaxoSmithKline plc., Sanofi S.A., Merck & Co., Inc., Pfizer Inc., Novartis AG, Walvax Biotechnology Co., Ltd., Incepta Pharmaceuticals Ltd., Serum Institute of India Pvt. Ltd., Vacsera, Zhi Fei Biological, BIO MED, Chengdu Kanghua Biological Products, Bharat Biotech., LG Chem, Espromed Bio, Panacea Biotec Limited, Sinovac Biotech Co., Ltd., CanSinoBIO, and Eubiologics Co., Ltd.

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