Healthcare Global Pediatric Vaccines Market | Page 2

The global pediatric vaccines market is segmented into product type such as
synthetic vaccines, dendritic cells vaccines, toxoid vaccines, live attenuated
vaccines, inactivated vaccines, subunit vaccines and recombinant vector vaccines.
Among these segments, live attenuated vaccines segment is expected to witness
significant growth during the forecast period. The rise of the live attenuated
segment is backed by its excellent immune response and better outcome.
Moreover, this vaccine technology is mainly used in Polio and hepatitis
vaccination.
Global pediatric vaccines market is expected to register a CAGR of 10.6% over the
forecast period. Moreover, the global pediatric vaccines market was valued at
USD 24 Billion in 2015 and is expected to reach at notable revenue by the end of
2021. The market is expected to expand on the back of favorable government
initiatives and increasing concerns amongst the population regarding child safety
and health. Some common vaccines are recommended for children’s such as
Hapatitis B, DIPHTHERIA, Poliomyelitis and others.
The hepatitis and poliomyelitis by diseases are likely to grow at satisfactory pace
during the forecast period. Government initiatives and vaccinations programs to
cover maximum population across the region and growing awareness among the
population regarding essential vaccines are major factors which are anticipated to
bolster the growth of pediatric vaccines market.
Escalating Number of Newborns
According to world health organization, more than 130 Million live births per
year across the globe. Further, rising need to prevent infants from vaccine
preventable diseases such as cervical cancer, polio, pneumonia, diphtheria,
mumps and other is a key factor which is driving the growth of pediatric vaccines
market. Moreover, increasing concern regarding child’s health and wellness
coupled with increasing expenditure on care of newborns are also fuelling the
demand for pediatric vaccines across the globe.
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Favourable government initiatives and programmes
The pediatric vaccines market is poised to display substantial growth during the
forecast period due to favorable government initiatives and vaccination programs
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