Global Mono Vaccine Market Size By Type (Meningococcal Vaccine, Japanese Encephalitis Vaccine), Application (Adult, Children), By Geographic Scope And Forecast

Mono Vaccine Market Size And Forecast

Mono Vaccine Market size was valued at USD 10.39 Billion in 2023 and is projected to reach USD 18.97 Billion by 2030, growing at a CAGR of 5.74% from 2024 to 2030.

The Mono Vaccine Market is expected to show significant growth during the forecasted period owing to increasing initiatives taken by the government and increasing disposable income of individuals in developing countries. The Global Mono Vaccine Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Mono Vaccine Market Definition

Mononucleosis is generally known as mono which is an infectious disease caused by the Epstein-Barr virus. It is a transferrable disease and causes glandular fever, transmitted by coughing, saliva, by sharing utensils with an individual who is suffering from mono. Its symptoms include fever, aches $ pain, and swollen lymph nodes, spleen, and liver. There is no such treatment for this disease so the mono vaccines are useful to build the immune system of children and infants against this disease. Furthermore, according to Cincinnati Children’s Hospital Medical Center report published in 2018, if an individual is infected by Epstein–Barr virus there is a chance of having multiple sclerosis to that individual.

Global Mono Vaccine Market Overview

The initiatives taken by the government and the increasing disposable income of individuals in developing countries is the primary factor driving the growth of the Mono Vaccine Market furthermore, the Epstein-Barr virus is associated with the different type of cancer, and this is the major factor that is expected to drive the growth of Mono Vaccine Market in the forecasted period. Additionally, many organizations are included in the development of the Epstein-Barr virus vaccine is anticipated to provide a thriving opportunity for the growth of the Mono Vaccine Market. Moreover, global healthcare bodies providing the subsidization of vaccination are contributing to the growth of this market.

Global Mono Vaccine MarketSegmentation Analysis

The Global Mono Vaccine Market is Segmented on the basis of Type, Application, And Geography.

Mono Vaccine Market, By Type

• Meningococcal Vaccine
• Japanese Encephalitis Vaccine
• Yellow Fever Vaccine

Based on Type, The market is segmented into Meningococcal Vaccine, Japanese Encephalitis Vaccine, Yellow Fever Vaccine. The meningococcal Vaccine is useful to protect from meningococcus bacteria which can cause meningitis and other serious infection. Yellow Fever Vaccine is a live virus, it provides long-lasting immunity with a single dose for life.

Mono Vaccine Market, By Application

• Adult
• Children

Based on Application, The market is segmented into Adult and Children. Mono Vaccines is used in Adults and Children, in adults, it is used to treat diseases such as diphtheria, tetanus, and hepatitis B and in children, the most commonly used mono vaccine is MMR (mumps, measles, and rubella).

Mono Vaccine Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Global Mono Vaccine Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific is estimated to dominate the market due to the increasing number of drug and vaccine manufacturers outsourcing the larger parts of R & D as most of the manufacturers aim at reducing the cost.

Key Players

The “Global Mono Vaccine Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Pfizer Inc., GlaxoSmithKline, Biomed Pvt. Ltd., Serum Institute of India, Baxter International, Sanofi S.A., Neuro Biotech, Merck, JN-International, CNGB. 

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• May 2022 – Serum Institute of India based in Pune continues to lead the Indian Biopharmaceutical industry with a revenue of Rs 7201 crore during FY 20-21 and exhibiting a growth of 44 percent.
• May 2022 –Serum Institute of India which is the world’s largest vaccine manufacturer by volume and Symbiosis International University which is India’s top-ranked university signed an MoU to set up a research center for vaccines and biologicals.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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