The Menveo market size has shown substantial growth over the recent years. It is expected to upscale from $XX million in 2024 to $XX million in 2025, recording a compound annual growth rate (CAGR) of XX%. The growth during the historic period can be attributed to public immunization programs, high meningococcal disease burden, strong healthcare infrastructure, international travel requirements, and military vaccination mandates. Further, the market size is projected to accelerate appreciably by XX% in the forthcoming years, upegrowing at a CAGR of XX% to reach $XX million by 2029. Rising healthcare awareness, expanding school vaccination requirements, population growth, mounting travel trends, and emerging markets expansion are the key factors set to drive the growth in the forecast period.
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What Factors Are Fueling Growth in the Menveo Global Market?
The increasing prevalence of meningitis is a significant factor propelling the Menveo market. Meningitis infections cause inflammation in the protective membranes surrounding the brain and spinal cord, often resulting from varied factors such as bacterial, viral, or fungal infections. Weakened immune systems, antibiotic resistance, and global mobility contribute to the disease’s spread. Menveo, a meningococcal vaccine, plays a crucial role in controlling meningitis cases by effectively combatting different strains of Neisseria meningitidis, a leading cause of bacterial meningitis.
Which Are the Significant Segments in the Menveo Market?
The Menveo market is categorized into various segments which include:
1. By Type of Vaccine: Conjugate Vaccine, Combination Vaccine
2. By Indication: Meningococcal Disease Prevention, Routine Immunization, Outbreak Control, Travel Vaccination
3. By Age Group: Infants and Young Children, Adolescents, Adults, Older Adults
4. By End User: Hospitals, Vaccination Clinics, Travel Clinics, Academic And Research Institutions, Military And Government Facilities
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Who Are the Key Players in the Menveo Global Market?
The Menveo global market is dominated by major players, one of which includes GlaxoSmithKline (GSK) Plc.
What Trends Are Emerging in the Menveo Market?
Emerging trends in the Menveo market are gravitating towards developing convenient, stable, and easy-to-administer single-vial, fully liquid vaccine formulations. One such instance is the approval granted by the European Commission (EC) in November 2024 to the pharmaceutical giant GlaxoSmithKline (GSK) for its meningococcal vaccine, Menveo.
Which Region Is Leading and Which Is Expected to Grow the Fastest in the Menveo Market?
North America held the largest market share in the Menveo market in 2024, with Asia-Pacific projected to be the fastest-growing region during the forecast period.
What Does the Menveo Global Market Report 2025 Cover?
Menveo is a meningococcal vaccine designed to protect against infections caused by Neisseria meningitidis. It predominantly targets serogroups A, C, W, and Y, known to cause meningitis and bloodstream infections. The vaccine is recommended for adolescents, young adults, and those at high risk of meningococcal disease. The global Menveo market report 2025 from The Business Research Company provides insights into market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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