Global 23-Valent Pneumococcal Polysaccharide Vaccine Market Report
Market Overview
The 23-Valent Pneumococcal Polysaccharide Vaccine (PPSV23) is designed to prevent infections caused by pneumococcal bacteria, covering 23 of the most common serotypes. It is recommended for adults and children aged two years and older, while infants under two typically receive conjugate vaccines such as PCV7 or PCV13.
North America leads global production and consumption, accounting for nearly 70% of production share and 28% of sales share in 2015. Europe follows with 15% production and 20% sales share, while China holds 10% production and 15% sales share. The global PPSV23 market was valued at USD 1.55 billion in 2017 and is projected to reach USD 4.55 billion by 2025, growing at a CAGR of 14.4%.
Key Players
- MSD (Merck & Co.)
- Sanofi Pasteur
- China National Biotec Group (CDIBP)
- Pfizer Inc.
- GlaxoSmithKline (GSK)
- Seqirus (CSL Limited)
- Serum Institute of India
- Panacea Biotec
- Shenzhen Kangtai Biological Products
- Walvax Biotechnology
- Bharat Biotech
- Emergent BioSolutions
Market Segmentation
By Product Type
- Single Dose Vial
- Pre-filled Syringe
By Application
- Children (2–10 years)
- Adults (10–64 years)
- Elderly (65+ years)
By Distribution Channel
- Hospitals & Clinics
- Public Health Programs
- Pharmacies
- Online Healthcare Platforms
By Region
- North America
- Europe
- Asia-Pacific (China, India, Japan, South Korea, Australia, Southeast Asia)
- Middle East & Africa
- Central & South America
Regional Analysis
- North America: Largest production hub, driven by Merck’s PPSV23 and strong immunization programs.
- Europe: Sanofi Pasteur and GSK lead; demand supported by aging populations and government vaccination initiatives.
- Asia-Pacific: China and India show rapid growth due to expanding healthcare infrastructure and government immunization drives.
- South America: Brazil and Argentina are emerging markets with increasing vaccination coverage.
- Middle East & Africa: Growth driven by WHO and UNICEF-supported immunization programs.
Porter’s Five Forces
- Threat of New Entrants – Low (high R&D costs, regulatory barriers).
- Bargaining Power of Suppliers – Moderate (specialized raw materials and biotech processes).
- Bargaining Power of Buyers – High (governments and health organizations negotiate bulk purchases).
- Threat of Substitutes – Moderate (conjugate vaccines like PCV13 compete in certain age groups).
- Industry Rivalry – High (few global players, intense competition in pricing and distribution).
SWOT Analysis
Strengths
- Broad coverage against 23 pneumococcal strains
- Strong demand from aging populations
- Established global immunization programs
Weaknesses
- Limited efficacy in children under 2 years
- High production and distribution costs
- Dependence on government procurement
Opportunities
- Expansion in emerging markets with low vaccination coverage
- Development of combination vaccines
- Rising awareness of pneumococcal disease prevention
Threats
- Competition from conjugate vaccines (PCV13, PCV15, PCV20)
- Stringent regulatory requirements
- Supply chain disruptions in global health crises
Trend Analysis
- Increasing adoption of adult vaccination programs in developed markets.
- Expansion of government-funded immunization initiatives in Asia and Africa.
- Rising competition from next-generation conjugate vaccines.
- Growth in pre-filled syringe formats for ease of administration.
- Strategic collaborations between global pharma and local biotech firms.
Drivers & Challenges
Drivers
- Rising incidence of pneumococcal infections globally
- Aging populations requiring preventive care
- Strong government and NGO support for vaccination programs
- Technological advancements in vaccine delivery
Challenges
- Competition from conjugate vaccines with broader age coverage
- High R&D and regulatory compliance costs
- Uneven healthcare infrastructure in developing regions
- Vaccine hesitancy in certain populations
Value Chain Analysis
- Raw Material Supply – Biotech inputs and specialized reagents.
- Manufacturing – Vaccine formulation, filling, and packaging.
- Distribution – Hospitals, clinics, pharmacies, and public health programs.
- End Users – Children (2+), adults, elderly populations.
Quick Recommendations for Stakeholders
- Manufacturers: Invest in next-generation formulations and expand pre-filled syringe offerings.
- Investors: Focus on Asia-Pacific and Africa for high growth potential.
- Policy Makers: Strengthen immunization programs and subsidize vaccine access.
- Healthcare Providers: Promote adult vaccination awareness and improve distribution logistics.
- Supply Chain Partners: Build resilience against global health crises and ensure cold-chain integrity.
Table of Contents
Global 23-Valent Pneumococcal Polysaccharide Vaccine Market Professional Survey Report
1 Industry Overview of 23-Valent Pneumococcal Polysaccharide Vaccine
1.1 Definition and Specifications of 23-Valent Pneumococcal Polysaccharide Vaccine
1.1.1 Definition of 23-Valent Pneumococcal Polysaccharide Vaccine
1.1.2 Specifications of 23-Valent Pneumococcal Polysaccharide Vaccine
1.2 Classification of 23-Valent Pneumococcal Polysaccharide Vaccine
1.2.1 Single Dose Vial
1.2.2 Pre-filled Syringe
1.3 Applications of 23-Valent Pneumococcal Polysaccharide Vaccine
1.3.1 For Children (2-10)
1.3.2 For Person (10-64)
1.3.3 For The Old (?65)
1.4 Market Segment by Regions
1.4.1 North America
1.4.2 Europe
1.4.3 China
1.4.4 Japan
1.4.5 Southeast Asia
1.4.6 India
2 Manufacturing Cost Structure Analysis of 23-Valent Pneumococcal Polysaccharide Vaccine
2.1 Raw Material and Suppliers
2.2 Manufacturing Cost Structure Analysis of 23-Valent Pneumococcal Polysaccharide Vaccine
2.3 Manufacturing Process Analysis of 23-Valent Pneumococcal Polysaccharide Vaccine
2.4 Industry Chain Structure of 23-Valent Pneumococcal Polysaccharide Vaccine
3 Technical Data and Manufacturing Plants Analysis of 23-Valent Pneumococcal Polysaccharide Vaccine
3.1 Capacity and Commercial Production Date of Global 23-Valent Pneumococcal Polysaccharide Vaccine Major Manufacturers in
3.2 Manufacturing Plants Distribution of Global 23-Valent Pneumococcal Polysaccharide Vaccine Major Manufacturers in
3.3 R&D Status and Technology Source of Global 23-Valent Pneumococcal Polysaccharide Vaccine Major Manufacturers in
3.4 Raw Materials Sources Analysis of Global 23-Valent Pneumococcal Polysaccharide Vaccine Major Manufacturers in
4 Global 23-Valent Pneumococcal Polysaccharide Vaccine Overall Market Overview
4.1 -E Overall Market Analysis
4.2 Capacity Analysis
4.2.1 -E Global 23-Valent Pneumococcal Polysaccharide Vaccine Capacity and Growth Rate Analysis
4.2.2 23-Valent Pneumococcal Polysaccharide Vaccine Capacity Analysis (Company Segment)
4.3 Sales Analysis
4.3.1 -E Global 23-Valent Pneumococcal Polysaccharide Vaccine Sales and Growth Rate Analysis
4.3.2 23-Valent Pneumococcal Polysaccharide Vaccine Sales Analysis (Company Segment)
4.4 Sales Price Analysis
4.4.1 -E Global 23-Valent Pneumococcal Polysaccharide Vaccine Sales Price
4.4.2 23-Valent Pneumococcal Polysaccharide Vaccine Sales Price Analysis (Company Segment)
5 23-Valent Pneumococcal Polysaccharide Vaccine Regional Market Analysis
5.1 North America 23-Valent Pneumococcal Polysaccharide Vaccine Market Analysis
5.1.1 North America 23-Valent Pneumococcal Polysaccharide Vaccine Market Overview
5.1.2 North America -E 23-Valent Pneumococcal Polysaccharide Vaccine Local Supply, Import, Export, Local Consumption Analysis
5.1.3 North America -E 23-Valent Pneumococcal Polysaccharide Vaccine Sales Price Analysis
5.1.4 North America 23-Valent Pneumococcal Polysaccharide Vaccine Market Share Analysis
5.2 Europe 23-Valent Pneumococcal Polysaccharide Vaccine Market Analysis
5.2.1 Europe 23-Valent Pneumococcal Polysaccharide Vaccine Market Overview
5.2.2 Europe -E 23-Valent Pneumococcal Polysaccharide Vaccine Local Supply, Import, Export, Local Consumption Analysis
5.2.3 Europe -E 23-Valent Pneumococcal Polysaccharide Vaccine Sales Price Analysis
5.2.4 Europe 23-Valent Pneumococcal Polysaccharide Vaccine Market Share Analysis
5.3 China 23-Valent Pneumococcal Polysaccharide Vaccine Market Analysis
5.3.1 China 23-Valent Pneumococcal Polysaccharide Vaccine Market Overview
5.3.2 China -E 23-Valent Pneumococcal Polysaccharide Vaccine Local Supply, Import, Export, Local Consumption Analysis
5.3.3 China -E 23-Valent Pneumococcal Polysaccharide Vaccine Sales Price Analysis
5.3.4 China 23-Valent Pneumococcal Polysaccharide Vaccine Market Share Analysis
5.4 Japan 23-Valent Pneumococcal Polysaccharide Vaccine Market Analysis
5.4.1 Japan 23-Valent Pneumococcal Polysaccharide Vaccine Market Overview
5.4.2 Japan -E 23-Valent Pneumococcal Polysaccharide Vaccine Local Supply, Import, Export, Local Consumption Analysis
5.4.3 Japan -E 23-Valent Pneumococcal Polysaccharide Vaccine Sales Price Analysis
5.4.4 Japan 23-Valent Pneumococcal Polysaccharide Vaccine Market Share Analysis
5.5 Southeast Asia 23-Valent Pneumococcal Polysaccharide Vaccine Market Analysis
5.5.1 Southeast Asia 23-Valent Pneumococcal Polysaccharide Vaccine Market Overview
5.5.2 Southeast Asia -E 23-Valent Pneumococcal Polysaccharide Vaccine Local Supply, Import, Export, Local Consumption Analysis
5.5.3 Southeast Asia -E 23-Valent Pneumococcal Polysaccharide Vaccine Sales Price Analysis
5.5.4 Southeast Asia 23-Valent Pneumococcal Polysaccharide Vaccine Market Share Analysis
5.6 India 23-Valent Pneumococcal Polysaccharide Vaccine Market Analysis
5.6.1 India 23-Valent Pneumococcal Polysaccharide Vaccine Market Overview
5.6.2 India -E 23-Valent Pneumococcal Polysaccharide Vaccine Local Supply, Import, Export, Local Consumption Analysis
5.6.3 India -E 23-Valent Pneumococcal Polysaccharide Vaccine Sales Price Analysis
5.6.4 India 23-Valent Pneumococcal Polysaccharide Vaccine Market Share Analysis
6 Global -E 23-Valent Pneumococcal Polysaccharide Vaccine Segment Market Analysis (by Type)
6.1 Global -E 23-Valent Pneumococcal Polysaccharide Vaccine Sales by Type
6.2 Different Types of 23-Valent Pneumococcal Polysaccharide Vaccine Product Interview Price Analysis
6.3 Different Types of 23-Valent Pneumococcal Polysaccharide Vaccine Product Driving Factors Analysis
6.3.1 Single Dose Vial Growth Driving Factor Analysis
6.3.2 Pre-filled Syringe Growth Driving Factor Analysis
7 Global -E 23-Valent Pneumococcal Polysaccharide Vaccine Segment Market Analysis (by Application)
7.1 Global -E 23-Valent Pneumococcal Polysaccharide Vaccine Consumption by Application
7.2 Different Application of 23-Valent Pneumococcal Polysaccharide Vaccine Product Interview Price Analysis
7.3 Different Application of 23-Valent Pneumococcal Polysaccharide Vaccine Product Driving Factors Analysis
7.3.1 For Children (2-10) of 23-Valent Pneumococcal Polysaccharide Vaccine Growth Driving Factor Analysis
7.3.2 For Person (10-64) of 23-Valent Pneumococcal Polysaccharide Vaccine Growth Driving Factor Analysis
7.3.3 For The Old (?65) of 23-Valent Pneumococcal Polysaccharide Vaccine Growth Driving Factor Analysis
8 Major Manufacturers Analysis of 23-Valent Pneumococcal Polysaccharide Vaccine
8.1 MSD
8.1.1 Company Profile
8.1.2 Product Picture and Specifications
8.1.2.1 Product A
8.1.2.2 Product B
8.1.3 MSD 23-Valent Pneumococcal Polysaccharide Vaccine Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.1.4 MSD 23-Valent Pneumococcal Polysaccharide Vaccine Business Region Distribution Analysis
8.2 Sanofipasteur
8.2.1 Company Profile
8.2.2 Product Picture and Specifications
8.2.2.1 Product A
8.2.2.2 Product B
8.2.3 Sanofipasteur 23-Valent Pneumococcal Polysaccharide Vaccine Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.2.4 Sanofipasteur 23-Valent Pneumococcal Polysaccharide Vaccine Business Region Distribution Analysis
8.3 CDIBP
8.3.1 Company Profile
8.3.2 Product Picture and Specifications
8.3.2.1 Product A
8.3.2.2 Product B
8.3.3 CDIBP 23-Valent Pneumococcal Polysaccharide Vaccine Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.3.4 CDIBP 23-Valent Pneumococcal Polysaccharide Vaccine Business Region Distribution Analysis
9 Development Trend of Analysis of 23-Valent Pneumococcal Polysaccharide Vaccine Market
9.1 Global 23-Valent Pneumococcal Polysaccharide Vaccine Market Trend Analysis
9.1.1 Global -2025 23-Valent Pneumococcal Polysaccharide Vaccine Market Size (Volume and Value) Forecast
9.1.2 Global -2025 23-Valent Pneumococcal Polysaccharide Vaccine Sales Price Forecast
9.2 23-Valent Pneumococcal Polysaccharide Vaccine Regional Market Trend
9.2.1 North America -2025 23-Valent Pneumococcal Polysaccharide Vaccine Consumption Forecast
9.2.2 Europe -2025 23-Valent Pneumococcal Polysaccharide Vaccine Consumption Forecast
9.2.3 China -2025 23-Valent Pneumococcal Polysaccharide Vaccine Consumption Forecast
9.2.4 Japan -2025 23-Valent Pneumococcal Polysaccharide Vaccine Consumption Forecast
9.2.5 Southeast Asia -2025 23-Valent Pneumococcal Polysaccharide Vaccine Consumption Forecast
9.2.6 India -2025 23-Valent Pneumococcal Polysaccharide Vaccine Consumption Forecast
9.3 23-Valent Pneumococcal Polysaccharide Vaccine Market Trend (Product Type)
9.4 23-Valent Pneumococcal Polysaccharide Vaccine Market Trend (Application)
10 23-Valent Pneumococcal Polysaccharide Vaccine Marketing Type Analysis
10.1 23-Valent Pneumococcal Polysaccharide Vaccine Regional Marketing Type Analysis
10.2 23-Valent Pneumococcal Polysaccharide Vaccine International Trade Type Analysis
10.3 Traders or Distributors with Contact Information of 23-Valent Pneumococcal Polysaccharide Vaccine by Region
10.4 23-Valent Pneumococcal Polysaccharide Vaccine Supply Chain Analysis
11 Consumers Analysis of 23-Valent Pneumococcal Polysaccharide Vaccine
11.1 Consumer 1 Analysis
11.2 Consumer 2 Analysis
11.3 Consumer 3 Analysis
11.4 Consumer 4 Analysis
12 Conclusion of the Global 23-Valent Pneumococcal Polysaccharide Vaccine Market Professional Survey Report
Methodology
Analyst Introduction
Data Source
List of Tables and Figures
Figure Picture of 23-Valent Pneumococcal Polysaccharide Vaccine
Table Product Specifications of 23-Valent Pneumococcal Polysaccharide Vaccine
Table Classification of 23-Valent Pneumococcal Polysaccharide Vaccine
Figure Global Production Market Share of 23-Valent Pneumococcal Polysaccharide Vaccine by Type in
Figure Single Dose Vial Picture
Table Major Manufacturers of Single Dose Vial
Figure Pre-filled Syringe Picture
Table Major Manufacturers of Pre-filled Syringe
Table Applications of 23-Valent Pneumococcal Polysaccharide Vaccine
Figure Global Consumption Volume Market Share of 23-Valent Pneumococcal Polysaccharide Vaccine by Application in
Figure For Children (2-10) Examples
Table Major Consumers in For Children (2-10)
Figure For Person (10-64) Examples
Table Major Consumers in For Person (10-64)
Figure For The Old (?65) Examples
Table Major Consumers in For The Old (?65)
Figure Market Share of 23-Valent Pneumococcal Polysaccharide Vaccine by Regions
Figure North America 23-Valent Pneumococcal Polysaccharide Vaccine Market Size (Million USD) (-2025)
Figure Europe 23-Valent Pneumococcal Polysaccharide Vaccine Market Size (Million USD) (-2025)
Figure China 23-Valent Pneumococcal Polysaccharide Vaccine Market Size (Million USD) (-2025)
Figure Japan 23-Valent Pneumococcal Polysaccharide Vaccine Market Size (Million USD) (-2025)
Figure Southeast Asia 23-Valent Pneumococcal Polysaccharide Vaccine Market Size (Million USD) (-2025)
Figure India 23-Valent Pneumococcal Polysaccharide Vaccine Market Size (Million USD) (-2025)
Table 23-Valent Pneumococcal Polysaccharide Vaccine Raw Material and Suppliers
Table Manufacturing Cost Structure Analysis of 23-Valent Pneumococcal Polysaccharide Vaccine in
Figure Manufacturing Process Analysis of 23-Valent Pneumococcal Polysaccharide Vaccine
Figure Industry Chain Structure of 23-Valent Pneumococcal Polysaccharide Vaccine
Table Capacity and Commercial Production Date of Global 23-Valent Pneumococcal Polysaccharide Vaccine Major Manufacturers in
Table Manufacturing Plants Distribution of Global 23-Valent Pneumococcal Polysaccharide Vaccine Major Manufacturers in
Table R&D Status and Technology Source of Global 23-Valent Pneumococcal Polysaccharide Vaccine Major Manufacturers in
Table Raw Materials Sources Analysis of Global 23-Valent Pneumococcal Polysaccharide Vaccine Major Manufacturers in
Table Global Capacity, Sales , Price, Cost, Sales Revenue (M USD) and Gross Margin of 23-Valent Pneumococcal Polysaccharide Vaccine -E
Figure Global -E 23-Valent Pneumococcal Polysaccharide Vaccine Market Size (Volume) and Growth Rate
Figure Global -E 23-Valent Pneumococcal Polysaccharide Vaccine Market Size (Value) and Growth Rate
Table -E Global 23-Valent Pneumococcal Polysaccharide Vaccine Capacity and Growth Rate
Table Global 23-Valent Pneumococcal Polysaccharide Vaccine Capacity (K Dose) List (Company Segment)
Table -E Global 23-Valent Pneumococcal Polysaccharide Vaccine Sales (K Dose) and Growth Rate
Table Global 23-Valent Pneumococcal Polysaccharide Vaccine Sales (K Dose) List (Company Segment)
Table -E Global 23-Valent Pneumococcal Polysaccharide Vaccine Sales Price (USD/Dose)
Table Global 23-Valent Pneumococcal Polysaccharide Vaccine Sales Price (USD/Dose) List (Company Segment)
Figure North America Capacity Overview
Table North America Supply, Import, Export and Consumption (K Dose) of 23-Valent Pneumococcal Polysaccharide Vaccine -E
Figure North America -E 23-Valent Pneumococcal Polysaccharide Vaccine Sales Price (USD/Dose)
Figure North America 23-Valent Pneumococcal Polysaccharide Vaccine Sales Market Share
Figure Europe Capacity Overview
Table Europe Supply, Import, Export and Consumption (K Dose) of 23-Valent Pneumococcal Polysaccharide Vaccine -E
Figure Europe -E 23-Valent Pneumococcal Polysaccharide Vaccine Sales Price (USD/Dose)
Figure Europe 23-Valent Pneumococcal Polysaccharide Vaccine Sales Market Share
Figure China Capacity Overview
Table China Supply, Import, Export and Consumption (K Dose) of 23-Valent Pneumococcal Polysaccharide Vaccine -E
Figure China -E 23-Valent Pneumococcal Polysaccharide Vaccine Sales Price (USD/Dose)
Figure China 23-Valent Pneumococcal Polysaccharide Vaccine Sales Market Share
Figure Japan Capacity Overview
Table Japan Supply, Import, Export and Consumption (K Dose) of 23-Valent Pneumococcal Polysaccharide Vaccine -E
Figure Japan -E 23-Valent Pneumococcal Polysaccharide Vaccine Sales Price (USD/Dose)
Figure Japan 23-Valent Pneumococcal Polysaccharide Vaccine Sales Market Share
Figure Southeast Asia Capacity Overview
Table Southeast Asia Supply, Import, Export and Consumption (K Dose) of 23-Valent Pneumococcal Polysaccharide Vaccine -E
Figure Southeast Asia -E 23-Valent Pneumococcal Polysaccharide Vaccine Sales Price (USD/Dose)
Figure Southeast Asia 23-Valent Pneumococcal Polysaccharide Vaccine Sales Market Share
Figure India Capacity Overview
Table India Supply, Import, Export and Consumption (K Dose) of 23-Valent Pneumococcal Polysaccharide Vaccine -E
Figure India -E 23-Valent Pneumococcal Polysaccharide Vaccine Sales Price (USD/Dose)
Figure India 23-Valent Pneumococcal Polysaccharide Vaccine Sales Market Share
Table Global -E 23-Valent Pneumococcal Polysaccharide Vaccine Sales (K Dose) by Type
Table Different Types 23-Valent Pneumococcal Polysaccharide Vaccine Product Interview Price
Table Global -E 23-Valent Pneumococcal Polysaccharide Vaccine Sales (K Dose) by Application
Table Different Application 23-Valent Pneumococcal Polysaccharide Vaccine Product Interview Price
Table MSD Information List
Table Product Overview
Table MSD 23-Valent Pneumococcal Polysaccharide Vaccine Revenue (Million USD), Sales (K Dose), Ex-factory Price (USD/Dose)
Figure MSD 23-Valent Pneumococcal Polysaccharide Vaccine Business Region Distribution
Table Sanofipasteur Information List
Table Product Overview
Table Sanofipasteur 23-Valent Pneumococcal Polysaccharide Vaccine Revenue (Million USD), Sales (K Dose), Ex-factory Price (USD/Dose)
Figure Sanofipasteur 23-Valent Pneumococcal Polysaccharide Vaccine Business Region Distribution
Table CDIBP Information List
Table Product Overview
Table CDIBP 23-Valent Pneumococcal Polysaccharide Vaccine Revenue (Million USD), Sales (K Dose), Ex-factory Price (USD/Dose)
Figure CDIBP 23-Valent Pneumococcal Polysaccharide Vaccine Business Region Distribution
Figure Global -2025 23-Valent Pneumococcal Polysaccharide Vaccine Market Size (K Dose) and Growth Rate Forecast
Figure Global -2025 23-Valent Pneumococcal Polysaccharide Vaccine Market Size (Million USD) and Growth Rate Forecast
Figure Global -2025 23-Valent Pneumococcal Polysaccharide Vaccine Sales Price (USD/Dose) Forecast
Figure North America -2025 23-Valent Pneumococcal Polysaccharide Vaccine Consumption Volume (K Dose) and Growth Rate Forecast
Figure China -2025 23-Valent Pneumococcal Polysaccharide Vaccine Consumption Volume (K Dose) and Growth Rate Forecast
Figure Europe -2025 23-Valent Pneumococcal Polysaccharide Vaccine Consumption Volume (K Dose) and Growth Rate Forecast
Figure Southeast Asia -2025 23-Valent Pneumococcal Polysaccharide Vaccine Consumption Volume (K Dose) and Growth Rate Forecast
Figure Japan -2025 23-Valent Pneumococcal Polysaccharide Vaccine Consumption Volume (K Dose) and Growth Rate Forecast
Figure India -2025 23-Valent Pneumococcal Polysaccharide Vaccine Consumption Volume (K Dose) and Growth Rate Forecast
Table Global Sales Volume (K Dose) of 23-Valent Pneumococcal Polysaccharide Vaccine by Type -2025
Table Global Consumption Volume (K Dose) of 23-Valent Pneumococcal Polysaccharide Vaccine by Application -2025
Table Traders or Distributors with Contact Information of 23-Valent Pneumococcal Polysaccharide Vaccine by Region
Key Players
- MSD (Merck & Co.)
- Sanofi Pasteur
- China National Biotec Group (CDIBP)
- Pfizer Inc.
- GlaxoSmithKline (GSK)
- Seqirus (CSL Limited)
- Serum Institute of India
- Panacea Biotec
- Shenzhen Kangtai Biological Products
- Walvax Biotechnology
- Bharat Biotech
- Emergent BioSolutions
Market Segmentation
By Product Type
- Single Dose Vial
- Pre-filled Syringe
By Application
- Children (2–10 years)
- Adults (10–64 years)
- Elderly (65+ years)
By Distribution Channel
- Hospitals & Clinics
- Public Health Programs
- Pharmacies
- Online Healthcare Platforms
By Region
- North America
- Europe
- Asia-Pacific (China, India, Japan, South Korea, Australia, Southeast Asia)
- Middle East & Africa
- Central & South America
Regional Analysis
- North America: Largest production hub, driven by Merck’s PPSV23 and strong immunization programs.
- Europe: Sanofi Pasteur and GSK lead; demand supported by aging populations and government vaccination initiatives.
- Asia-Pacific: China and India show rapid growth due to expanding healthcare infrastructure and government immunization drives.
- South America: Brazil and Argentina are emerging markets with increasing vaccination coverage.
- Middle East & Africa: Growth driven by WHO and UNICEF-supported immunization programs.
Porter’s Five Forces
- Threat of New Entrants – Low (high R&D costs, regulatory barriers).
- Bargaining Power of Suppliers – Moderate (specialized raw materials and biotech processes).
- Bargaining Power of Buyers – High (governments and health organizations negotiate bulk purchases).
- Threat of Substitutes – Moderate (conjugate vaccines like PCV13 compete in certain age groups).
- Industry Rivalry – High (few global players, intense competition in pricing and distribution).