Global Pediatric Vaccine Market by Vaccine Types, Technology, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

Global Pediatric Vaccine Market was valued at USD 20.2 Billion in 2016, and is expected to grow at CAGT of 10.5% over forecast period 2020–2026. Rising awareness and importance on immunization, growing prevalence of infectious and chronic diseases coupled with surge in uptake of new vaccines are key factors augmenting the market growth.

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Market Trends, Drivers, Restraints, and Opportunities:

Immunization plays a substantial part in current medicine field, as there are numerous international plans for children, which might differ based on the illness. This, in turn, is projected to drive the growth of the market during the forecast period.
Prevalence of numerous chronic ailments among children and their high susceptibility to severe complications and manifestations of these ailments further fuels market growth. For instance, illnesses such as renal disorders, cardio respiratory, allergic, metabolic, and hematologic increase the danger of developing influenza, pneumococcal infection, and varicella.
High costs of immunizations are projected to restrain the market growth during the estimated timeframe.
Acceptance of pediatric vaccination has improved by community-based vaccination plans, thus increasing awareness regarding the advantages and efficacy of vaccines thus, fueling market growth.