Venezuela Meningococcal Vaccines Market Size & Outlook
Venezuela meningococcal vaccines market, 2018-2030 (US$M)
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Venezuela meningococcal vaccines market highlights
- The Venezuela meningococcal vaccines market generated a revenue of USD 0.3 million in 2021 and is expected to reach USD 0.5 million by 2030.
- The Venezuela market is expected to grow at a CAGR of 5.6% from 2022 to 2030.
- In terms of segment, quadrivalent was the largest revenue generating type in 2021.
- Bivalent 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 0.3 million |
| Market revenue in 2030 | USD 0.5 million |
| Growth rate | 5.6% (CAGR from 2021 to 2030) |
| Largest segment | Quadrivalent |
| Fastest growing segment | Bivalent |
| 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
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil meningococcal vaccines market is projected to lead the regional market in terms of revenue in 2030.
- Cuba is the fastest growing regional market in Latin America and is projected to reach USD 0.6 million by 2030.
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Meningococcal Vaccines Market Scope
Meningococcal Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
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Venezuela 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 66.67% in 2021. Horizon Databook has segmented the Venezuela meningococcal vaccines market based on bivalent, quadrivalent covering the revenue growth of each sub-segment from 2018 to 2030.
High unmet medical needs and increased incidence of meningococcal disease in the country are expected to boost the market at a significant rate. The incidence of IMD in the country is near to 0.3 case per 100,000 inhabitants. According to WHO data, in 2018, there was 289 meningitis deaths in the country.
Meningococcal vaccine is an optional vaccine in the country and customers have to bear the cost of procuring the vaccine. Venezuela took advantage of VWA 2015 campaign activities to update the vaccination schedule, including meningococcal vaccine, for children aged 5 & below.
It was a part of the National Plan to increase coverage, which lasted for 1 month. However, humanitarian crisis in Venezuela is affecting the vaccine uptake in the country. UNICEF is providing vaccines to protect children from serious diseases in the country.
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Target buyers of Venezuela 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 Venezuela meningococcal vaccines market , including forecasts for subscribers. This country databook contains high-level insights into Venezuela meningococcal vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Venezuela meningococcal vaccines market size, by type, 2018-2030 (US$M)
Venezuela Meningococcal Vaccines Market Outlook Share, 2021 & 2030 (US$M)
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