Pneumonia, Pneumococcal Therapeutic Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Pneumonia, Pneumococcal Therapeutic Market is segmented By Route of Administration (Oral, Intravenous, Subcutaneous, Parenteral, Topical), By Molecule....
Pneumonia, Pneumococcal Therapeutic Market Size
Market Size in USD
CAGR8.4%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 8.4% |
| Market Concentration | Medium |
| Major Players | Biotest AG, Vaxcyte, Inc., Merck & Co., Inc., Pfizer Inc., GlaxoSmithKline plc. |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Pneumonia, Pneumococcal Therapeutic Market Analysis
The pneumonia, pneumococcal therapeutic market is estimated to be valued at USD 2.72 Billion in 2024 and is expected to reach USD 4.77 Billion by 2031, growing at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031. The growing geriatric population and increased risk of pneumonia among the elderly is driving the demand. Furthermore, rising pollution levels and environmental factors leading to higher prevalence of respiratory illnesses are also boosting the market growth.