Saudi Arabia Meningococcal Vaccines Market Size & Outlook
Saudi Arabia meningococcal vaccines market, 2018-2030 (US$M)
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Saudi Arabia meningococcal vaccines market highlights
- The Saudi Arabia meningococcal vaccines market generated a revenue of USD 7.4 million in 2021 and is expected to reach USD 16.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 9.5% from 2022 to 2030.
- In terms of segment, quadrivalent was the largest revenue generating type in 2021.
- Quadrivalent is the most lucrative type segment registering the fastest growth during the forecast period.
Meningococcal vaccines market data book summary
| Market revenue in 2021 | USD 7.4 million |
| Market revenue in 2030 | USD 16.7 million |
| Growth rate | 9.5% (CAGR from 2021 to 2030) |
| Largest segment | Quadrivalent |
| Fastest growing segment | Quadrivalent |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bivalent, Quadrivalent |
| Key market players worldwide | Pfizer Inc, Sanofi SA, GSK PLC, Merck & Co Inc, Serum Institute of India Pvt. Ltd., Walvax Biotechnology |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.3% of the global meningococcal vaccines market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Turkey meningococcal vaccines market is projected to lead the regional market in terms of revenue in 2030.
- Morocco is the fastest growing regional market in Middle East & Africa and is projected to reach USD 0.5 million by 2030.
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Meningococcal Vaccines Market Scope
Meningococcal Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia meningococcal vaccines market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to meningococcal vaccines market will help companies and investors design strategic landscapes.
Quadrivalent was the largest segment with a revenue share of 60.81% in 2021. Horizon Databook has segmented the Saudi Arabia meningococcal vaccines market based on bivalent, quadrivalent covering the revenue growth of each sub-segment from 2018 to 2030.
The meningococcal market in Saudi Arabia is estimated to grow at a significant growth rate over the forecast period, owing to product launches in the region coupled with increasing government initiatives, such as betterment in routine immunization programs.
Mass gatherings, such as Hajj & Umrah, increase the risk of meningococcal disease among attendees, and healthcare workers are factors increase the disease burden in the country. For instance, the Government of Saudi Arabia made it mandatory for Hajj and Umrah pilgrims to get vaccinated with Menveo, Nimenrix, or ACWY Vax.
In addition, vaccination is made compulsory for travelers from meningitis belt countries and other countries. Moreover, vaccination against IMD is also required for domestic pilgrims, residents of Mecca & Medina, and people participating in pilgrimage work.
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Target buyers of Saudi Arabia meningococcal vaccines market databook
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Our clientele includes a mix of meningococcal vaccines market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia meningococcal vaccines market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia meningococcal vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia meningococcal vaccines market size, by type, 2018-2030 (US$M)
Saudi Arabia Meningococcal Vaccines Market Outlook Share, 2021 & 2030 (US$M)
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