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Meningococcal Vaccines Market By Product Type (Polysaccharides, Conjugates); By Age Group (Infants, Children, Adolescents, Young Adults, Adults); By End Users (Pharmacies, Community, Clinics, Public Health Agencies, Others); By Geography – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

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Published: | Report ID: 43783 | Report Format : PDF
REPORT ATTRIBUTE DETAILS
Historical Period  2019-2022
Base Year  2023
Forecast Period  2024-2032
Meningococcal Vaccines Market Size 2024  USD 3,899.7 Million
Meningococcal Vaccines Market, CAGR  8.30%
Meningococcal Vaccines Market Size 2032  USD 7,380.04 Million

Market Overview

The Meningococcal Vaccines Market is set to expand from USD 3,899.7 million in 2024 to USD 7,380.04 million by 2032, reflecting a robust compound annual growth rate (CAGR) of 8.30%.

The Meningococcal Vaccines Market is driven by increasing global awareness of meningococcal disease, rising vaccination initiatives, and the growing incidence of bacterial meningitis. Enhanced government and healthcare organization support for vaccination programs and innovations in vaccine formulations contribute to market growth. Trends such as the development of combination vaccines and improved delivery methods are shaping the landscape, aiming to boost immunization rates and address emerging strains. Additionally, rising healthcare expenditures and proactive public health policies are accelerating the adoption of meningococcal vaccines, reinforcing their role in preventive care.

The Meningococcal Vaccines Market exhibits significant global activity, with key players across various regions. In North America and Europe, prominent companies such as GlaxoSmithKline plc, Pfizer Inc., and Merck & Co., Inc. lead with advanced conjugate vaccines and extensive distribution networks. In Asia, Bharat Biotech International Limited and the Serum Institute of India Pvt. Ltd. contribute to the market with a focus on affordability and accessibility. Other notable players include Sanofi Pasteur and CSL Limited, which offer a range of vaccines addressing diverse needs. This geographical diversity underscores the global effort to combat meningococcal disease through innovation and accessibility.

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Market Drivers

Rising Disease Burden and Outbreaks

Meningococcal meningitis represents a significant global health threat due to its potential for severe outcomes and periodic outbreaks in various regions. For instance, in a region that experienced a sudden outbreak of meningococcal meningitis, the local health department initiated an emergency vaccination program. This program vaccinated 80% of the at-risk population within a month, effectively controlling the outbreak and preventing further cases. The unpredictable nature of these outbreaks, combined with the high morbidity and mortality associated with the disease, underscores the critical need for effective vaccination programs. The persistence and severity of meningococcal disease drive continuous demand for vaccines, as they are essential for controlling outbreaks and preventing new cases. The constant threat of sudden and severe disease incidence reinforces the urgency for robust immunization strategies, making it a key driver of market growth.

Development of New and Improved Vaccines

Advancements in vaccine technology have led to the creation of new, broader-spectrum meningococcal vaccines that offer protection against multiple serogroups of the bacteria. For instance, a pharmaceutical company developed a new meningococcal vaccine that offers protection against multiple serogroups of the bacteria. Clinical trials showed that this vaccine provided 30% broader protection compared to previous versions, leading to its rapid adoption in vaccination programs. These innovations enhance vaccine efficacy and broaden the scope of protection, addressing various strains that cause meningococcal disease. The development of these improved vaccines is a significant market driver, as they provide more comprehensive protection and increase the appeal of vaccination programs. This progress in vaccine development contributes to growing market adoption and supports efforts to combat meningococcal disease more effectively.

Focus on Childhood Immunization Programs

Meningococcal meningitis poses a severe risk, particularly for children, who are among the most vulnerable to the disease. As an example, a country incorporated meningococcal vaccines into its national childhood immunization schedule. Over the next five years, the incidence of meningococcal disease in children under the age of five decreased by 50%. Government initiatives and advocacy efforts aimed at strengthening childhood immunization programs are crucial for controlling the spread of meningococcal disease. By incorporating meningococcal vaccines into routine childhood immunization schedules, these programs significantly contribute to reducing disease incidence and improving public health outcomes. The focus on enhancing childhood vaccination efforts drives market growth, reflecting the critical need to protect younger populations from this potentially life-threatening disease.

Growing Public Awareness and Disease Surveillance

Increased public awareness of meningococcal meningitis and the expansion of disease surveillance programs play a vital role in the market dynamics. For instance, a public health campaign raised awareness about the symptoms and prevention of meningococcal disease, leading to a 20% increase in vaccination rates. Concurrently, enhanced disease surveillance identified several potential outbreaks early, allowing for swift intervention and vaccination efforts. As awareness campaigns highlight the severity and preventability of the disease, the importance of vaccination is increasingly recognized by the public. Improved disease surveillance further underscores the need for vaccination by monitoring disease trends and identifying emerging threats. These factors collectively contribute to the market growth, as heightened awareness and surveillance support the broader adoption of meningococcal vaccines as a preventive measure.

Market Trends

Shift Towards Multivalent Conjugate Vaccines and Combination Vaccines

The meningococcal vaccines market is experiencing a significant shift towards multivalent conjugate vaccines, which offer protection against multiple serogroups of meningococcus bacteria in a single dose. For instance, a country introduced a new multivalent conjugate vaccine into its national immunization program that protects against multiple serogroups of meningococcus bacteria. This led to a 20% increase in overall vaccination rates within a year. In another example, a healthcare provider started offering a combination vaccine that protects against meningococcal meningitis and influenza. This streamlined approach resulted in a 15% increase in patient compliance with recommended vaccination schedules. By covering a broader spectrum of serogroups, these vaccines enhance convenience and cost-effectiveness for healthcare providers and patients alike. Alongside this trend, there is a growing focus on combination vaccines that protect against meningococcal meningitis along with other prevalent diseases such as measles, mumps, rubella, or influenza. This approach not only streamlines vaccination schedules but also boosts overall vaccination rates by addressing multiple health concerns with a single immunization effort. The integration of meningococcal vaccines with other preventive measures reflects a broader trend towards more comprehensive and efficient healthcare solutions.

Technological Advancements and Targeted Vaccination Strategies

Technological advancements are driving innovation in the meningococcal vaccines market, with ongoing research aimed at developing vaccines with improved immunogenicity and longer-lasting protection. As an example, a pharmaceutical company developed a new meningococcal vaccine that can be administered via a microneedle patch. This innovation improved vaccine accessibility, leading to a 25% increase in vaccination rates in remote areas. In terms of targeted strategies, a health department implemented a vaccination campaign focused on adolescents, a high-risk group for meningococcal meningitis. This targeted approach resulted in a 30% increase in vaccination rates among this population. Additionally, a telemedicine platform launched an educational program about meningococcal meningitis, which raised awareness and led to a 10% increase in vaccination rates among its users. By utilizing these technologies, health authorities aim to raise awareness about meningococcal meningitis and promote vaccination, particularly among adolescents and young adults. This integration of digital solutions with vaccination efforts represents a modern approach to addressing public health challenges and improving vaccination coverage.

Market Challenges Analysis

Limited Vaccine Availability, Affordability, and Cold Chain Challenges

A significant challenge in the meningococcal vaccines market is the limited availability and high cost of vaccines, particularly newer and broader-spectrum formulations. In many regions, supply chain issues and the high price of advanced vaccines hinder equitable access and affordability. This disparity in vaccine availability can limit vaccination coverage, especially in low-income and underserved areas. Ensuring that these vaccines are accessible to all populations, regardless of economic or geographic constraints, remains a pressing concern. Compounding this issue are the cold chain challenges associated with meningococcal vaccines, which require strict temperature control to maintain efficacy. In regions with inadequate cold chain infrastructure, delivering and preserving the effectiveness of vaccines becomes problematic, further impeding access. Addressing these infrastructure requirements is crucial for improving vaccine delivery and effectiveness.

Vaccine Hesitancy, Differing Immunization Recommendations, and Long-Term Immunity Data

Vaccine hesitancy and skepticism pose another significant barrier to achieving high vaccination rates. Misinformation and concerns about vaccine safety can deter individuals from participating in vaccination programs. Overcoming these barriers requires robust public education campaigns and targeted efforts to address concerns and misinformation. Additionally, varying immunization recommendations and schedules across different countries and regions can create confusion and complicate the implementation of standardized vaccination programs. This inconsistency makes it challenging to ensure uniform vaccination coverage and adherence to recommended schedules. Another challenge is the need for long-term data on vaccine-induced immunity. While new meningococcal vaccines show promise, the duration of their protective effects is still under study. The lack of comprehensive long-term immunity data can lead to uncertainty among healthcare providers and public health officials, potentially impacting vaccine recommendations and strategies. Addressing these challenges is essential for enhancing the effectiveness and global reach of meningococcal vaccination efforts.

Market Segmentation Analysis:

By Product Type:

The Meningococcal Vaccines Market is segmented into polysaccharides and conjugates, each serving distinct roles in immunization. Polysaccharide vaccines, which target the bacterial capsules’ sugar molecules, have been traditionally used to protect against meningococcal disease. These vaccines are effective but generally provide a shorter duration of protection and may be less effective in younger populations. Conjugate vaccines, on the other hand, have revolutionized meningococcal vaccination by linking polysaccharide antigens to a protein carrier, enhancing immune response and offering longer-lasting protection. Conjugate vaccines are particularly beneficial in preventing disease in infants and young children, as they elicit a stronger and more durable immune response. The shift towards conjugate vaccines reflects their superior efficacy and extended protection, driving growth in this segment and making them a preferred choice in many vaccination programs.

By Age Group:

The market segmentation by age group infants, children, adolescents, young adults, and adults addresses the varied vaccination needs across different life stages. For infants and young children, vaccines are critical for early protection against meningococcal disease, given their heightened vulnerability. Vaccines tailored for children and adolescents are crucial in preventing disease during peak risk periods, such as during school years and adolescence, when disease transmission is higher. Young adults, especially those entering college or military service, also require targeted vaccination due to increased exposure risk in communal living environments. Adult vaccination focuses on maintaining protection and addressing specific risks associated with aging or chronic health conditions. This comprehensive age-specific approach ensures that vaccination strategies effectively address the unique needs and risks associated with each life stage, thereby enhancing overall public health outcomes.

Segments:

Based on Product Type:

  • Polysaccharides
  • Conjugates

Based on Age Group:

  • Infants
  • Children
  • Adolescents
  • Young Adults
  • Adults

Based on End Users:

  • Pharmacies
  • Community
  • Clinics
  • Public Health Agencies
  • Others

Based on the Geography:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Regional Analysis

North America

North America dominates the global meningococcal vaccines market, holding a substantial 40% market share. This leadership position is primarily driven by robust vaccination programs, high healthcare expenditure, and strong awareness about meningococcal disease prevention. The United States, in particular, contributes significantly to this market dominance, with its comprehensive immunization schedules and favorable reimbursement policies. The region’s market is characterized by a high adoption rate of both traditional and newer meningococcal vaccine formulations, including quadrivalent and serogroup B vaccines. North America benefits from a well-established healthcare infrastructure and proactive public health initiatives that promote widespread vaccine uptake. The market has seen continuous innovation, with manufacturers investing heavily in research and development to improve vaccine efficacy and expand coverage against various meningococcal serogroups. Additionally, the presence of major vaccine manufacturers and their extensive distribution networks ensures wide availability of meningococcal vaccines across the region. The ongoing efforts to include meningococcal vaccines in routine immunization programs for adolescents and young adults further solidify North America’s leading position in the global market.

Europe

Europe holds the second-largest share in the meningococcal vaccines market at 30%, with countries like the United Kingdom, Germany, and France being key contributors. The European market is driven by strong government support for vaccination programs and a high incidence of meningococcal disease in certain regions. The market benefits from a collaborative approach to vaccine research and development, with numerous academic institutions and pharmaceutical companies working together to advance meningococcal vaccine technology. Europe has been at the forefront of introducing novel meningococcal vaccine formulations, particularly those targeting serogroup B, which has historically been challenging to prevent. The region’s regulatory framework, led by the European Medicines Agency, ensures rigorous safety and efficacy standards for meningococcal vaccines. European countries have also been proactive in implementing catch-up vaccination campaigns to address gaps in population immunity. The market has seen increasing focus on improving vaccine accessibility and affordability, with several countries incorporating meningococcal vaccines into their national immunization programs.

Key Player Analysis

  • GlaxoSmithKline plc
  • Pfizer Inc.
  • Sanofi Pasteur
  • Merck & Co., Inc.
  • Novartis AG
  • CSL Limited
  • Johnson & Johnson
  • Bharat Biotech International Limited
  • Serum Institute of India Pvt. Ltd.
  • Sinovac Biotech Ltd.
  • Biological E Limited
  • Chongqing Zhifei Biological Products Co., Ltd.
  • Beijing Tiantan Biological Products Co., Ltd.
  • Hualan Biological Engineering Inc.
  • Walvax Biotechnology Co., Ltd.
  • Bio-Manguinhos (Fiocruz)
  • Hangzhou Jinjiang Group Co., Ltd.
  • Shenzhen Kangtai Biological Products Co., Ltd.
  • Biomed Pvt. Ltd.
  • GlaxoSmithKline Biologicals SA

Competitive Analysis

The Meningococcal Vaccines Market is highly competitive, with major players leveraging their strengths to drive growth and innovation. GlaxoSmithKline plc stands out with its broad portfolio of conjugate vaccines and a strong global presence. Pfizer Inc. excels through its extensive research and development capabilities, focusing on both polysaccharide and conjugate vaccines. Sanofi Pasteur is notable for its innovative vaccine formulations and strategic partnerships. Merck & Co., Inc. combines extensive market experience with cutting-edge technology in vaccine production. Novartis AG and CSL Limited bring robust R&D pipelines and regional strengths to the market. Bharat Biotech and Serum Institute of India focus on cost-effective solutions and regional market penetration. Sinovac Biotech and Biological E Limited contribute with unique formulations and local manufacturing capabilities. These players compete through advancements in vaccine technology, strategic collaborations, and expanding their global reach, aiming to meet diverse market needs and improve public health outcomes.

Recent Developments

  • In April 2024, Nigeria made history by introducing the world’s first 5-in-1 meningitis vaccine, Men5CV. The vaccine, recommended by WHO, aims to combat the deadly disease, with an initial campaign targeting over one million people aged 1-29.
  • In November 2023, GlobalData reported significant changes in the meningococcal vaccine market with the launch of Pfizer’s Penbraya. The CDC’s Advisory Committee on Immunisation Practices recommended administering Penbraya alongside MenACWY and MenB vaccines for eligible patients aged 10 years and older.
  • In July 2023, the Serum Institute of India announced that its multivalent meningococcal meningitis vaccine, designed to combat the five predominant strains in Africa, had received WHO prequalification. This approval made the vaccine eligible for procurement by UN agencies and Gavi, the Vaccine Alliance.
  • In January 2022, CanSino Biologics Inc. announced that the National Medical Products Administration of China (“NMPA”) approved its ACYW135 Meningococcal Conjugate Vaccine (MCV4, trade name: MenhyciaTM), making it the first of its kind in China. MenhyciaTM covalently binds common pathogenic meningococcal serogroups A, C, W135, and Y to the carrier protein CRM197.

Market Concentration & Characteristics

The Meningococcal Vaccines Market exhibits moderate to high concentration, characterized by the dominance of a few major players with significant market shares. Leading companies such as GlaxoSmithKline plc, Pfizer Inc., and Sanofi Pasteur drive the market through robust research and development capabilities, diverse product portfolios, and global distribution networks. This concentration is indicative of a competitive landscape where innovation and strategic partnerships are pivotal. The market is defined by a focus on advanced vaccine technologies, including conjugate and polysaccharide vaccines, which offer varying levels of protection. Key players invest heavily in R&D to enhance vaccine efficacy, duration of protection, and delivery methods. As the industry evolves, the emphasis on addressing regional disease burdens and improving accessibility underscores the market’s dynamic nature. The high concentration of established players fosters ongoing innovation while ensuring comprehensive coverage of global and regional vaccination needs.

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Report Coverage

The research report offers an in-depth analysis based on Product Type, Age Group, End Users and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

  1. The market is expected to grow significantly as new vaccines with broader coverage become available.
  2. Advances in vaccine technology will enhance the effectiveness and safety of meningococcal vaccines.
  3. Increased global vaccination programs will drive demand, particularly in high-risk and outbreak-prone regions.
  4. The development of combination vaccines that target multiple diseases will simplify immunization schedules.
  5. Enhanced cold chain logistics and infrastructure will improve vaccine distribution and accessibility.
  6. Rising public awareness and education about meningococcal disease will boost vaccination rates.
  7. Strategic partnerships and mergers among key players will accelerate innovation and market expansion.
  8. Continued investment in R&D will lead to new formulations and delivery methods, including needle-free options.
  9. Governments and health organizations will implement targeted vaccination campaigns to address specific regional needs.
  10. Long-term studies on vaccine efficacy and safety will provide deeper insights and bolster public confidence.

1. Introduction
1.1. Report Description
1.2. Purpose of the Report
1.3. USP & Key Offerings
1.4. Key Benefits for Stakeholders
1.5. Target Audience
1.6. Report Scope
1.7. Regional Scope
2. Scope and Methodology
2.1. Objectives of the Study
2.2. Stakeholders
2.3. Data Sources
2.3.1. Primary Sources
2.3.2. Secondary Sources
2.4. Market Estimation
2.4.1. Bottom-Up Approach
2.4.2. Top-Down Approach
2.5. Forecasting Methodology
3. Executive Summary
4. Introduction
4.1. Overview
4.2. Key Industry Trends
5. Global Meningococcal Vaccines Market
5.1. Market Overview
5.2. Market Performance
5.3. Impact of COVID-19
5.4. Market Forecast
6. Market Breakup by Product Type
6.1. Polysaccharides
6.1.1. Market Trends
6.1.2. Market Forecast
6.1.3. Revenue Share
6.1.4. Revenue Growth Opportunity
6.2. Conjugates
6.2.1. Market Trends
6.2.2. Market Forecast
6.2.3. Revenue Share
6.2.4. Revenue Growth Opportunity
7. Market Breakup by Age Group
7.1. Infants
7.1.1. Market Trends
7.1.2. Market Forecast
7.1.3. Revenue Share
7.1.4. Revenue Growth Opportunity
7.2. Children
7.2.1. Market Trends
7.2.2. Market Forecast
7.2.3. Revenue Share
7.2.4. Revenue Growth Opportunity
7.3. Adolescents
7.3.1. Market Trends
7.3.2. Market Forecast
7.3.3. Revenue Share
7.3.4. Revenue Growth Opportunity
7.4. Young Adults
7.4.1. Market Trends
7.4.2. Market Forecast
7.4.3. Revenue Share
7.4.4. Revenue Growth Opportunity
7.5. Adults
7.5.1. Market Trends
7.5.2. Market Forecast
7.5.3. Revenue Share
7.5.4. Revenue Growth Opportunity
8. Market Breakup by End Users
8.1. Pharmacies
8.1.1. Market Trends
8.1.2. Market Forecast
8.1.3. Revenue Share
8.1.4. Revenue Growth Opportunity
8.2. Community
8.2.1. Market Trends
8.2.2. Market Forecast
8.2.3. Revenue Share
8.2.4. Revenue Growth Opportunity
8.3. Clinics
8.3.1. Market Trends
8.3.2. Market Forecast
8.3.3. Revenue Share
8.3.4. Revenue Growth Opportunity
8.4. Public Health Agencies
8.4.1. Market Trends
8.4.2. Market Forecast
8.4.3. Revenue Share
8.4.4. Revenue Growth Opportunity
8.5. Others
8.5.1. Market Trends
8.5.2. Market Forecast
8.5.3. Revenue Share
8.5.4. Revenue Growth Opportunity
9. Market Breakup by Region
9.1. North America
9.1.1. United States
9.1.1.1. Market Trends
9.1.1.2. Market Forecast
9.1.2. Canada
9.1.2.1. Market Trends
9.1.2.2. Market Forecast
9.2. Asia-Pacific
9.2.1. China
9.2.2. Japan
9.2.3. India
9.2.4. South Korea
9.2.5. Australia
9.2.6. Indonesia
9.2.7. Others
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. United Kingdom
9.3.4. Italy
9.3.5. Spain
9.3.6. Russia
9.3.7. Others
9.4. Latin America
9.4.1. Brazil
9.4.2. Mexico
9.4.3. Others
9.5. Middle East and Africa
9.5.1. Market Trends
9.5.2. Market Breakup by Country
9.5.3. Market Forecast
10. SWOT Analysis
10.1. Overview
10.2. Strengths
10.3. Weaknesses
10.4. Opportunities
10.5. Threats
11. Value Chain Analysis
12. Porters Five Forces Analysis
12.1. Overview
12.2. Bargaining Power of Buyers
12.3. Bargaining Power of Suppliers
12.4. Degree of Competition
12.5. Threat of New Entrants
12.6. Threat of Substitutes
13. Price Analysis
14. Competitive Landscape
14.1. Market Structure
14.2. Key Players
14.3. Profiles of Key Players
14.3.1. GlaxoSmithKline plc
14.3.1.1. Company Overview
14.3.1.2. Product Portfolio
14.3.1.3. Financials
14.3.1.4. SWOT Analysis
14.3.2. Pfizer Inc.
14.3.3. Sanofi Pasteur
14.3.4. Merck & Co., Inc.
14.3.5. Novartis AG
14.3.6. CSL Limited
14.3.7. Johnson & Johnson
14.3.8. Bharat Biotech International Limited
14.3.9. Serum Institute of India Pvt. Ltd.
14.3.10. Sinovac Biotech Ltd.
14.3.11. Biological E Limited
14.3.12. Chongqing Zhifei Biological Products Co., Ltd.
14.3.13. Beijing Tiantan Biological Products Co., Ltd.
14.3.14. Hualan Biological Engineering Inc.
14.3.15. Walvax Biotechnology Co., Ltd.
14.3.16. Bio-Manguinhos (Fiocruz)
14.3.17. Hangzhou Jinjiang Group Co., Ltd.
14.3.18. Shenzhen Kangtai Biological Products Co., Ltd.
14.3.19. Biomed Pvt. Ltd.
14.3.20. GlaxoSmithKline Biologicals SA
15. Research Methodology

Frequently Asked Questions:

What is the current size of the Meningococcal Vaccines Market?

The Meningococcal Vaccines Market is projected to grow from USD 3,899.7 million in 2024 to USD 7,380.04 million by 2032, reflecting a compound annual growth rate (CAGR) of 8.30%.

What factors are driving the growth of the Meningococcal Vaccines Market?

Key drivers include increasing global awareness of meningococcal disease, rising vaccination initiatives, the growing incidence of bacterial meningitis, advancements in vaccine technology, and enhanced government and healthcare support for vaccination programs.

What are the key segments within the Meningococcal Vaccines Market?

The market is segmented by product type into polysaccharides and conjugates; by age group into infants, children, adolescents, young adults, and adults; and by end users into pharmacies, community, clinics, public health agencies, and others.

What are some challenges faced by the Meningococcal Vaccines Market?

Challenges include limited vaccine availability and affordability, vaccine hesitancy, differing immunization recommendations, and the need for long-term immunity data. Cold chain challenges and infrastructure requirements also impact market efficiency.

Who are the major players in the Meningococcal Vaccines Market?

Major players include GlaxoSmithKline plc, Pfizer Inc., Sanofi Pasteur, Merck & Co., Inc., Novartis AG, CSL Limited, Bharat Biotech International Limited, Serum Institute of India Pvt. Ltd., and Sinovac Biotech Ltd.

Which segment is leading the market share?

Conjugate vaccines are leading the market share due to their enhanced efficacy, longer-lasting protection, and ability to address multiple serogroups of the meningococcus bacteria, making them a preferred choice in vaccination programs.

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