Pneumonia Vaccines Market
By Vaccine Type;
Pneumococcal Conjugate Vaccine (PCV) and Pneumococcal Polysaccharide Vaccine (PPV)By Product Type;
Prevnar 13, Synflorix, Pneumovax 23 and OthersBy Distribution Channel;
Government Authorities, Non-Government NGOs & Multilaterals and Distribution-Partner CompaniesBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Pneumonia Vaccines Market Overview
Pneumonia Vaccines Market (USD Million)
Pneumonia Vaccines Market was valued at USD 10,296.31 million in the year 2024. The size of this market is expected to increase to USD 15,553.56 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.1%.
Pneumonia Vaccines Market
*Market size in USD million
CAGR 6.1 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 6.1 % |
| Market Size (2024) | USD 10,296.31 Million |
| Market Size (2031) | USD 15,553.56 Million |
| Market Concentration | Medium |
| Report Pages | 341 |
Major Players
- Pfizer Inc
- GlaxoSmithKline plc (GSK)
- Merck & Co., Inc
- Sanofi Pasteur
- Johnson & Johnson
- Novavax, Inc
- Bavarian Nordic
- Serum Institute of India
- Biological E. Limited
- Astellas Pharma Inc
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Pneumonia Vaccines Market
Fragmented - Highly competitive market without dominant players
Pneumonia Vaccines Market is experiencing steady growth, propelled by rising health awareness and increasing focus on respiratory disease prevention. Nearly 60% of healthcare providers are integrating pneumonia immunization as a core part of their infection control strategies. The surge in preventive care initiatives and collaborative vaccine rollouts is creating strong momentum, further supporting market expansion and widespread acceptance.
Innovation and Technological Advancements
Ongoing technological advancements are significantly reshaping vaccine formulations for pneumonia. Around 55% of current innovations involve extended serotype coverage and conjugate vaccine technologies, enhancing effectiveness. These improvements are backed by rising partnerships between pharmaceutical firms and research institutions. Cutting-edge platforms and production techniques are playing a vital role in reducing development time and accelerating market growth.
Future Outlook and Growth Potential
The future outlook of the Pneumonia Vaccine Market shows significant promise, with more than 65% of institutions planning to broaden immunization programs. Enhanced R&D efforts and rising funding opportunities are expected to strengthen the vaccine pipeline. The growing commitment to healthcare innovation and proactive immunization will play a key role in shaping the next phase of growth, unlocking new strategic pathways for long-term success.
Opportunities and Strategic Pathways
With over 58% of upcoming developments focused on advanced vaccine platforms, the market is poised for transformative opportunities. Companies are actively implementing strategies centered on digital tracking, customizable vaccines, and improved patient outreach. These efforts are enhancing efficiency and increasing coverage, while also driving technological breakthroughs that fuel sustained expansion and strengthen overall vaccine adoption rates.
Pneumonia Vaccines Market Key Takeaways
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The sustained high burden of pneumococcal disease among infants, the elderly and immunocompromised populations is driving a strong need for preventive solutions, particularly vaccine adoption.
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Advancements in multivalent conjugate vaccines covering a broader number of bacterial serotypes and improved formulations are creating strategic differentiation and expanding addressable markets.
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Growth in immunisation programmes underpinned by strong government funding and public-health initiatives in low- and middle-income markets—is enabling improved vaccine access and increasing uptake.
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Pricing pressures remain critical: efforts such as the AMC mechanism have driven down cost per dose by more than 40 % in eligible countries, supporting affordability and coverage expansion.
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Despite momentum, barriers such as logistical challenges in cold-chain management, high entry cost of novel vaccines and persistent vaccine hesitancy are limiting full market penetration.
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Competitive dynamics are intensifying: incumbent players with established portfolios are now being challenged by emerging manufacturers and next-generation candidates targeting more serotypes and varied age groups.
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Manufacturers prioritising scalable global supply chains, partnerships with health agencies and innovative distribution models are best positioned to capitalise on the expanding vaccine market and unmet prevention needs.
Pneumonia Vaccines Market Recent Developments
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In January 2024, Pfizer Inc. received marketing authorization from the CHMP of the European Medicines Agency (EMA) for its 20-valent pneumococcal conjugate vaccine (20vPnC). This approval marks a major step forward in the global pneumonia vaccine market.
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In October 2023, Vaxcyte, Inc. signed a commercial manufacturing agreement with Lonza to expand production of its pneumococcal conjugate vaccine (PCV) candidates. The partnership enhances vaccine availability and strengthens Vaxcyte’s position in the global pneumonia vaccine market.
Pneumonia Vaccines Market Segment Analysis
In this report, Pneumonia Vaccines Market has been segmented by Vaccine Type, Product Type, Distribution Channel and Geography.
Pneumonia Vaccines Market, Segmentation by Vaccine Type
Segmentation by Vaccine Type distinguishes immunization strategies, procurement pathways and clinical guidelines that determine demand across public and private health systems.
The two dominant vaccine types each require different manufacturing platforms, cold-chain logistics and evidence packages, which influence supplier partnerships and rollout speed.
Market players prioritize clinical data, pediatric and adult immunization policy alignment, and negotiated pricing to expand coverage and drive uptake across risk groups.
Pneumococcal Conjugate Vaccine (PCV)
PCV formulations are engineered for strong immunogenicity in infants and young children and are central to national immunization programs and Gavi-supported introductions.
Suppliers invest in expanded-valency research, supply-scale manufacturing and post-marketing surveillance to support long-term public-health impact and to negotiate procurement contracts.
Strategic priorities include partnerships with governments and multilaterals to secure tender awards and to demonstrate herd-immunity benefits that justify wider programmatic adoption.
Pneumococcal Polysaccharide Vaccine (PPV)
PPV offerings are primarily targeted at older children, adults and high-risk groups where direct protection against a broad serotype range is prioritized.
Manufacturers focus on adult-immunization channels, occupational-health programs, and integration with seasonal vaccination campaigns to reach vulnerable populations.
Market tactics include evidence-generation for booster strategies, pricing for adult-market segments and collaborations with health providers to increase awareness of pneumococcal risk in older cohorts.
Pneumonia Vaccines Market, Segmentation by Product Type
Product-level segmentation maps competitive dynamics, brand positioning and lifecycle strategy across established and emerging vaccine products.
Each named product carries specific licensure, serotype composition and procurement footprints that shape market share, tender success and regional adoption patterns.
Suppliers align product portfolios with programmatic needs, offering differentiated value such as broader valency or established cold-chain resilience—to win long-term contracts.
Prevnar 13 is a widely recognized PCV product with substantial global program penetration and established pediatric immunization usage, supporting strong brand trust among payers and providers.
The commercial strategy centers on sustaining supply reliability, negotiating public tenders and expanding adult-indication usage where supported by local policy.
Ongoing efforts include pharmacovigilance, label expansions and collaborative programs with public-health bodies to protect vulnerable populations.
Synflorix competes in the PCV space with specific serotype coverage and has been used in numerous national programs, particularly where cost-effectiveness and Gavi engagement are central.
Manufacturers focus on price-competitive supply, local registration support and demonstration of programmatic impact through surveillance and burden-reduction studies.
Strategic initiatives include tender responsiveness, regional manufacturing partnerships and data-sharing agreements to support public procurement.
Pneumovax 23 (PPV) targets adult and high-risk populations with broad serotype coverage and is often positioned alongside PCVs in life-course immunization strategies.
Suppliers emphasize incorporation into adult-immunization schedules, private-market availability and occupational-health programs to expand coverage beyond pediatric cohorts.
Commercial tactics include co-administration guidance, adult-clinic engagement and evidence packages supporting booster use in specific populations.
The Others category includes emerging PCV formulations, regional generics and next-generation constructs under development that may alter competitive dynamics as they achieve licensure.
Innovators and new entrants focus on expanded valency, thermostability and cost-reduction to win public tenders and private-market share.
Long-term outlook prioritizes demonstration of non-inferiority, supply diversification and strategic alliances to scale manufacturing and distribution.
Pneumonia Vaccines Market, Segmentation by Distribution Channel
Distribution-channel segmentation highlights how vaccines reach end users from centralized government immunization programs to NGO-led campaigns and private distribution partners.
Channel choice affects pricing, cold-chain logistics and reporting requirements, shaping supplier go-to-market models and partnership strategies.
Manufacturers design channel-specific services such as technical support for national rollout, co-financing mechanisms and logistics partnerships to optimize coverage and compliance.
Government Authorities
Government Authorities procure vaccines for national immunization programs and are primary drivers of volume demand through tenders and public-health initiatives.
Suppliers focus on long-term supply agreements, tiered pricing and support for surveillance and cold-chain strengthening to ensure program success.
Strategic engagement includes policy advocacy, local technical assistance and participation in pooled procurement to secure large-scale contracts.
Non-Government NGOs & Multilaterals
Non-Government NGOs & Multilaterals (e.g., Gavi, WHO partners) facilitate introductions in low-resource settings and provide funding, procurement support and implementation expertise.
Vaccine producers collaborate on co-financing arrangements, demonstration projects and supply commitments to support equitable access and to scale immunization impact.
These partnerships are often critical for market entry in lower-income countries and for de-risking introduction programs for national authorities.
Distribution-Partner Companies
Distribution-Partner Companies (private distributors and logistics providers) enable market reach in private markets, pharmacies and clinics, supporting cold-chain integrity and last-mile delivery.
Manufacturers cultivate distributor networks, training programs and quality-assurance agreements to maintain product integrity and to expand commercial footprint.
Channel strategies include portfolio bundling, co-marketing with healthcare providers and tailored cold-chain solutions for private-sector immunization services.
Pneumonia Vaccines Market, Segmentation by Geography
In this report, Pneumonia Vaccines Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America exhibits mature pediatric and adult immunization programs, strong payer systems and robust surveillance, supporting high uptake of licensed pneumococcal vaccines.
Manufacturers prioritize regulatory compliance, lifecycle data collection and adult-program expansion to capture both public- and private-market segments.
Strategic focus includes evidence-generation for booster schedules, hospital-based immunization initiatives and collaborations with healthcare networks.
Europe
Europe features structured national immunization programs, rigorous HTA processes and variable adult- and pediatric-coverage policies across countries, influencing procurement complexity.
Suppliers engage in country-specific tendering, real-world evidence programs and collaborations with national health authorities to support inclusion in schedules.
Growth strategies include targeted value dossiers, price-volume agreements and coordination with regional procurement bodies.
Asia Pacific
Asia Pacific is a diverse market with high-growth potential driven by expanding public programs, increasing private-market demand and significant opportunities in large-population countries.
Manufacturers expand local registration, form manufacturing partnerships and work with multilaterals to support introductions in lower-income markets.
Long-term outlook emphasizes scale-up of supply, affordability programs and data generation to inform national policy adoption.
Middle East & Africa
Middle East & Africa includes markets at varying stages of program maturity where donor-supported introductions and targeted adult-immunization drives coexist with nascent national procurement capabilities.
Vaccine suppliers collaborate with NGOs, Gavi and regional health agencies to enable access, strengthen cold chains and monitor impact in resource-constrained settings.
Strategic priorities include supply reliability, co-financing models and capacity-building to transition programs to national ownership.
Latin America
Latin America has established immunization infrastructures and mixed procurement channels, with regional procurement mechanisms and PAHO Revolving Fund participation shaping vaccine access.
Vendors work closely with ministries of health and regional bodies to provide favorable pricing, technical support and surveillance collaborations.
Growth strategies include strengthening public-private partnerships, enabling adult-immunization campaigns and tailoring offerings to regional epidemiology.
Pneumonia Vaccines Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Pneumonia Vaccine Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints, and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers:
- Rising awareness of vaccine importance
- Increasing prevalence of pneumonia cases
- Government initiatives for immunization programs
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Technological advancements in vaccine development : The global pneumonia vaccine market has witnessed significant growth over the past few years, driven by various factors such as increasing awareness about preventive healthcare, rising incidences of pneumonia, and government initiatives to promote immunization programs. Technological advancements in vaccine development have played a crucial role in enhancing the efficacy and accessibility of pneumonia vaccines. One notable advancement is the development of conjugate vaccines, which offer improved protection against pneumococcal infections compared to previous generations of vaccines. These conjugate vaccines use advanced techniques to attach polysaccharides from the bacteria to carrier proteins, enhancing the body's immune response and providing longer-lasting immunity.
Advancements in manufacturing processes have enabled the production of pneumonia vaccines on a larger scale, thereby reducing costs and improving accessibility, especially in low-income regions. Furthermore, the development of novel adjuvants and delivery systems has enabled the creation of more potent and targeted vaccines. Adjuvants such as liposomes and nanoparticles help enhance the body's immune response to vaccines, resulting in better protection against pneumonia-causing pathogens. Additionally, advancements in vaccine delivery systems, such as microneedle patches and needle-free injectors, have made vaccine administration more convenient and painless, particularly for children and individuals with needle phobia.
Ongoing research and development efforts are focused on further improving the efficacy, safety, and accessibility of pneumonia vaccines. This includes the exploration of novel vaccine formulations, such as virus-like particles and recombinant subunit vaccines, as well as the development of universal vaccines capable of providing broad protection against multiple strains of bacteria and viruses that cause pneumonia. Overall, technological advancements continue to drive innovation in the pneumonia vaccine market, offering hope for better prevention and control of this respiratory infection on a global scale.
Restraints:
- Limited access to healthcare infrastructure
- High cost of vaccine production
- Vaccine hesitancy among certain populations
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Regulatory hurdles for vaccine approval: The global pneumonia vaccine market has witnessed significant growth over the years, primarily due to the increasing awareness regarding vaccination programs and the rising prevalence of pneumonia worldwide. Pneumonia is a leading cause of morbidity and mortality, particularly among children and the elderly, making vaccination a crucial preventive measure. Vaccines such as Prevnar 13 and Pneumovax 23 have been widely used to protect against pneumococcal pneumonia, contributing to the expansion of the pneumonia vaccine market. Moreover, initiatives by governments and healthcare organizations to promote immunization campaigns have further fueled market growth.
The development and approval of pneumonia vaccines are not without challenges, particularly in terms of regulatory hurdles. Regulatory agencies, such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA), have stringent requirements for the approval of vaccines to ensure their safety, efficacy, and quality. Clinical trials for pneumonia vaccines must demonstrate robust evidence of their effectiveness in preventing pneumococcal infections while minimizing adverse effects. Additionally, manufacturers must comply with Good Manufacturing Practices (GMP) to ensure the consistency and quality of vaccine production, adding to the regulatory complexities.
The emergence of new strains of bacteria and viruses, as well as variations in disease epidemiology across different regions, pose challenges for vaccine development and regulatory approval. Adapting vaccines to address evolving strains and ensuring their effectiveness against diverse populations require continuous research and development efforts. Regulatory agencies play a crucial role in evaluating the data from clinical trials and assessing the suitability of vaccines for specific populations, considering factors such as age, health status, and immunization history. Despite these challenges, advancements in vaccine technology and collaborative efforts between regulatory authorities and vaccine manufacturers are driving innovation and enhancing the accessibility of pneumonia vaccines worldwide.
Opportunities:
- Growing demand in emerging markets
- Development of novel vaccine formulations
- Collaborations for vaccine research
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Expansion of immunization campaigns: The global pneumonia vaccine market has witnessed significant growth, primarily due to the expansion of immunization campaigns across various regions. Pneumonia remains a leading cause of morbidity and mortality worldwide, particularly among children under five and the elderly. As a result, governments and international organizations have intensified efforts to increase access to pneumonia vaccines, driving market expansion. These campaigns often target vulnerable populations in low- and middle-income countries where pneumonia burden is highest, contributing to the market's growth trajectory.
Advancements in vaccine technology and research have led to the development of more efficacious and affordable pneumonia vaccines. Innovative approaches, such as the introduction of conjugate vaccines targeting multiple strains of the bacteria responsible for pneumonia, have improved vaccine effectiveness and coverage rates. Additionally, increased awareness about the importance of vaccination in preventing pneumonia-related illnesses has spurred demand for vaccines globally. Healthcare providers and policymakers are increasingly recognizing the value of vaccination in reducing pneumonia incidence and its associated economic burden, further fueling market expansion.
Strategic partnerships between governments, pharmaceutical companies, and nonprofit organizations have played a crucial role in scaling up immunization programs and enhancing vaccine accessibility. These collaborations often involve initiatives to reduce vaccine costs, improve distribution networks, and strengthen healthcare infrastructure in underserved regions. Additionally, initiatives such as Gavi, the Vaccine Alliance, have been instrumental in procuring pneumonia vaccines for low-income countries, driving market growth through increased demand. Overall, the expansion of immunization campaigns, coupled with technological advancements and collaborative efforts, is expected to sustain the growth of the global pneumonia vaccine market in the foreseeable future.
Pneumonia Vaccines Market Competitive Landscape Analysis
Pneumonia Vaccines Market has experienced strong growth driven by strategic partnerships, mergers, and collaborations among leading pharmaceutical and biotechnology companies. Continuous innovation in vaccine formulation, delivery systems, and immunogenicity has enhanced efficacy. Market expansion is evident with key segments achieving over 45% coverage in target populations, supporting a robust future outlook.
Market Structure and Concentration
The market exhibits moderate concentration with top players controlling around 60% of total sales. Competitive strategies focus on regulatory compliance, product differentiation, and global distribution networks. Smaller firms leverage niche innovation to target specific serotypes. Strategic mergers and collaborations continue to shape market hierarchy, sustaining long-term growth.
Brand and Channel Strategies
Leading brands implement multi-channel strategies including hospital networks, immunization programs, and government partnerships. Collaborative partnerships with healthcare providers enhance visibility and distribution. Product innovation in dosage forms and cold chain management has increased adoption by over 35%, driving market expansion and strengthening brand positioning across regions.
Innovation Drivers and Technological Advancements
Technological advancements in conjugation techniques, adjuvant systems, and vaccine delivery drive continuous innovation. Collaborative R&D initiatives improve immunogenicity and safety profiles. Adoption of advanced manufacturing and quality monitoring systems has enhanced performance by over 30%, reinforcing market growth and supporting ongoing future outlook development.
Regional Momentum and Expansion
The Pneumonia Vaccines market is witnessing strong regional expansion across North America, Europe, and Asia-Pacific, with certain regions contributing over 40% of total sales. Strategic distribution partnerships and localized immunization campaigns enhance adoption. Increasing public health initiatives and vaccination coverage drive market growth and shape the future outlook.
Future Outlook
Market projections indicate sustained growth driven by continuous innovation, strategic collaborations, and mergers among leading players. Expanding regional presence and advanced technological advancements are expected to boost adoption. Key segments are projected to maintain over 45% market share, reflecting a robust future outlook for pneumonia vaccines.
Key players in Pneumonia Vaccines Market include::
- Pfizer Inc.
- GlaxoSmithKline plc
- Merck & Co., Inc.
- Sanofi S.A.
- Serum Institute of India Pvt. Ltd.
- CSL Limited
- LG Chem Ltd.
- Walvax Biotechnology Co., Ltd.
- Astellas Pharma Inc.
- Panacea Biotec Limited
- SK Bioscience
- Pnuvax Incorporated
- Shenzhen Kangtai Biological Products Co., Ltd.
- Beijing Minhai Biotechnology Co., Ltd.
- Vaxcyte, Inc.
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Vaccine Type
- Market Snapshot, By Product Type
- Market Snapshot, By Distribution Channel
- Market Snapshot, By Region
- Pneumonia Vaccine Market Forces
- Drivers, Restraints and Opportunities
- Drivers
- Rising awareness of vaccine importance
- Increasing prevalence of pneumonia cases
- Government initiatives for immunization programs
- Technological advancements in vaccine development
- Restraints
- Limited access to healthcare infrastructure
- High cost of vaccine production
- Vaccine hesitancy among certain populations
- Regulatory hurdles for vaccine approval
- Opportunities
- Growing demand in emerging markets
- Development of novel vaccine formulations
- Collaborations for vaccine research
- Expansion of immunization campaigns
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Pneumonia Vaccines Market, By Vaccine Type, 2021 - 2031 (USD Million)
- Pneumococcal Conjugate Vaccine (PCV)
- Pneumococcal Polysaccharide Vaccine (PPV)
- Pneumonia Vaccines Market, By Product Type, 2021 - 2031 (USD Million)
- Prevnar 13
- Synflorix
- Pneumovax 23
- Others
- Pneumonia Vaccines Market, By Distribution Channel, 2021 - 2031 (USD Million)
- Government Authorities
- Non-Government NGOs & Multilaterals
- Distribution-Partner Companies
- Pneumonia Vaccines Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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Latin America
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Brazil
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Mexico
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Argentina
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Rest of Latin America
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- North America
- Pneumonia Vaccines Market, By Vaccine Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Pfizer Inc.
- GlaxoSmithKline plc
- Merck & Co., Inc.
- Sanofi S.A.
- Serum Institute of India Pvt. Ltd.
- CSL Limited
- LG Chem Ltd.
- Walvax Biotechnology Co., Ltd.
- Astellas Pharma Inc.
- Panacea Biotec Limited
- SK Bioscience
- Pnuvax Incorporated
- Shenzhen Kangtai Biological Products Co., Ltd.
- Beijing Minhai Biotechnology Co., Ltd.
- Vaxcyte, Inc.
- Company Profiles
- Analyst Views
- Future Outlook of the Market

