Meningococcal Vaccines Market: Increase in Awareness about Disease and Growth in Marketing Approvals to Boost Market

Meningococcal vaccines are utilized to prevent infections induced by N. meningitides, such as septicemia, meningococcemia, and meningitis. Meningococcal disease, mainly meningococcal meningitis, is highly communicable between groups or individuals. To date, several meningococcal serogroups have been found, with serogroups A, B, C, Y, and W-135 being the most common causes.

Meningococcal illness is uncommon, although it has a casualty rate of 10% to 20%. It usually causes significant problems if left unchecked. Meningococcal meningitis is an infection of the spinal cord and brain lining. It has the possibility of causing large-scale breakouts and endemic diseases. Annually, 15 to 20 people die from meningococcal disease. Moreover, one in every five survivors has long-term issues such as brain damage, deafness, seizures, or limb loss. As a result, global demand for meningococcal vaccines is skyrocketing.

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The National Meningitis Association (NMA) promotes teamwork by providing chances to collaborate with corporations, government agencies, and other non-profit organizations to promote awareness regarding meningococcal disease, preventative measures, and the crucial need for emergency treatment after diagnosis. Furthermore, the Meningitis Foundation of America (MFA) is a non-profit organization that offers meningitis patients guidance and assistance. The organization also works to increase public and medical knowledge of the early signs of meningitis. As a result, the global meningococcal vaccines market is projected to grow over the forecast period.

The meningococcal vaccines market is anticipated to reach USD 9.2 billion by the end of 2031, expanding at a CAGR of 9.4% from 2022 to 2031 (forecast period).

Strong Focus on Developing Innovative Vaccines to Boost Market Growth
Companies’ increased emphasis on developing innovative vaccines for meningococcal illness is expected to boost the sales of meningococcal vaccines market during the forecast period. In April 2022, for example, researchers from the University of Maryland School of Medicine (UMSOM) launched new research in which they are assessing the five-in-one meningococcal conjugate vaccination (NmCV-5) or pentavalent among newborns and young children in Sub-Saharan Africa’s meningitis belt. This is the final study for achieving World Health Organization prequalification for this vaccine, and if it does, it will be introduced in low- and middle-income nations. As a result of such novel vaccines, the global meningococcal vaccines market is anticipated to expand during the forecast period.

North America to Dominate Meningococcal Vaccines Market

North America is set to dominate the global meningococcal vaccines market during the forecast period. The United States is likely to be the largest revenue generator in meningococcal vaccines market in North America due to increased illness awareness and improved healthcare facilities. According to data given by the CDC (Centers for Disease Control and Prevention), there was a meningococcal disease outbreak in Florida, United States, in 2021. To combat this outbreak, the CDC advised bisexual and homosexual males in Florida to get the MenACWY vaccine. It raised public awareness, which increased the demand for meningococcal vaccines in the country.

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Since the United States has a well-established healthcare system, vaccination is a top priority for the country’s government. As a consequence, timely immunization is conducted in the United States, contributing to the country’s meningococcal vaccines market growth. In the United States, for example, the Meningitis Foundation of America (MFA) is a non-profit organization that strives to provide information and assistance to people affected by meningitis. This organization also aims to raise public and medical knowledge about the early symptoms of meningitis. As a result of the aforementioned factors, the global meningococcal vaccines market is likely to rise steadily over the forecast period.

Moreover, Europe is expected to contribute to the global meningococcal vaccines market during the forecast period.

Pain Management Devices Market – Competitive Analysis with Forecast to 2031

Pain management devices are utilized for treating both acute and chronic pain among patients with a variety of medical conditions, including musculoskeletal disorders, neurological disorders, and cancer. These devices restore patients’ ability to perform daily activities, reduce the demand for oral medicine, and enhance their life quality. The percentage of surgical procedures performed around the world has risen significantly over the years. This can be attributed to an ageing population as well as an increase in the prevalence of obesity and other lifestyle diseases.

Obesity is a major contributor to orthopedic and cardiovascular diseases. The primary application area for infusion pumps is analgesia or pain management. Infusion pumps are also commonly used for general anesthesia and narcotic analgesic administration following bariatric surgery, laparoscopic cholecystectomy, and cardiothoracic surgery.

North America stands dominant for the pain management devices market on account of the presence of well-established medical infrastructure, coupled with major advancements in pain management and interminable ailments. High prevalence of diseases related to obesity will also promote growth. Additionally, the advent of cutting-edge innovative technologies for medical use in diagnostics or therapy will further help this region continue to dominate the market in the near future.

The increasing prevalence of trauma, neurological diseases, arthritis, and cancer are contributing significantly to the sales growth of the pain management device market. The introduction of advanced healthcare facilities and an increase in the number of hospitals worldwide will also create revenue generation opportunities for the pain management device market in the near future. Besides this, the rising prevalence of sports-related injuries and lifestyle-related diseases is propelling the growth as well. Furthermore, the presence of a large patient pool, coupled with the adverse effects of pain medications, and the high proven performance of pain management devices are likely to serve as the emerging trends in the global pain management devices market.

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However, factors such as the absence of pain clinics in several underdeveloped and emerging countries, and the scarcity of pain management specialists in healthcare setups and hospitals may pose significant challenges to the overall growth of this market. In addition to this, the presence of an unaware patient pool, the unavailability of pain management devices, and the lack of government support in most emerging and underdeveloped economies may also cause major hindrances to the overall growth of the market besides the high cost of pain management devices.

Fierce Competition among Players will Bode Well for Future Revenue Generation

In the global pain management devices market, there is a notable presence of players. The global pain management devices market is defined by fierce competition among players. Many market participants are competing for the top position to strengthen their brand presence. As a result, they are focusing on releasing various types and executive devices with novel advancements in order to remain competitive in the global market. A few notable players are focusing on expanding their portfolio in order to consolidate their offers in the global market. In the coming years, rapidly increasing speculations on groundbreaking research exercises are likely to fuel the power of competition among leading players in the pain management devices market.

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Few other players are engaging in new product development and innovation for different pain management problems to ensure they enhance their brand name in the market competition. For instance, NeuraLace Medical, Inc., a company dealing with medical devices, declared in May 2021 that the first patient had been enrolled in the AXON-RCT U.S. Axon Therapy helps to relieve severe nerve pain by supplying continuous and focused magnetic pulses that further activate the peripheral nerve axons which have been damaged. Some of the key players of the global pain management devices market include Microtransponde, Avanos Medical Inc., B. Braun Melsungen AG, Stryker Corporation, Medtronic Plc., DJO Global Inc., Boston Scientific Corporation, Bio-Medical Research (BMR) Ltd., Baxter International Inc., and others.

ASEAN Surgical Site Infections Market: Increase in Technologically Advanced Surgical Products to Boost the Global Market

Surgical procedures are preferred by a large number of people for different purposes. They are used for treating numerous diseases and disorders. The popularity of surgical procedures has risen considerably over the years. Hence, the expanding number of surgical procedures among a substantial chunk of the global populace coupled with the increasing geriatric population is estimated to serve as prominent growth-boosting factors for the global surgical site infections market in the upcoming period. A large number of healthcare organizations are getting to know the dangerous side effects of surgical site infections and are making proper arrangements for its prevention. Therefore, this aspect may provide substantial growth prospects for the surgical site infections market in future.

Surgical site infections can be described as a post-surgery infection. It spreads over the operated body organ. The consequences of the infection can be normal or superficial skin infections. In some cases, these infections can lead to serious issues that can damage organs and tissues under the skin or implanted material. Sometimes, the infection can also prove to be fatal. The reasons for occurrence can be attributed to factors such as contact of the wound with an infected object, utilization of non-surgical equipment, harmful bacteria entering the wound, and so on. Furthermore, surgical site infections are primary causes of morbidity and mortality, resulting in patient readmission post-surgery. All these factors may bring extensive growth opportunities for the surgical site infections market.

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The products used for treating surgical site infections are surgical drapes, clippers, antiseptics, clippers, wound care dressings, wound irrigation products, antibiotic prophylaxis products, and others. The prominent types of surgical site infections are space infection, superficial incisional infection, and deep incisional infection. The extensive use of surgical site infection services across clinics, hospitals, ambulatory surgical centers, and others will assure promising growth for the surgical site infections market. These infections are prominently caused through surgeries related to cataracts, cesarean section, dental restoration, and others.

Research and development activities are one of the prominent factors that have a profound impact on the overall growth trajectory of the surgical site infections market. The players invest extensively in these activities for expanding their scope across the developments in the technologies related to surgical site infections. Furthermore, strategic collaborations are also necessary for the players in the surgical site infections market. The players indulge in acquisitions, joint ventures, partnerships, and mergers for increasing their influence across untapped regions, ultimately contributing to the growth of the surgical site infections market.

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High Number of Surgeries in Various Regions to Boost Growth of Surgical Site Infections Market

The number of surgeries conducted every year has gone up considerably over the years. The recent developments in the surgery sector have attracted many individuals to undergo surgeries. A key trend emerging across the globe is undergoing cosmetic surgery. This surgery causes surgical site infections on a large scale. In addition, high incidences of traumatic brain injury cases in regions such as Thailand, Australia, India, and China have resulted in frequent cases of surgical site infections. All these aspects bode well for the growth of the surgical site infections market.

Asia Pacific to Assure Promising Growth for Surgical Site Infections Market

An increase in road accidents has led to an increase in the number of surgeries across Asia Pacific, especially in China, Indonesia, and India. In addition, the geriatric population numbers are increasing at a rapid rate in Asia Pacific. Hence, these factors can prove to be crucial for Asia Pacific to emerge as a key growth-generating region for the surgical site infections market in the upcoming period.

Animal Healthcare Market Qualitative Analysis, Innovative Product Facilitates & Strategic Business Planning By 2028

Animal healthcare involves directing, conserving, and protecting animals from various diseases, as well as providing them with necessary veterinary treatments to prolong their lives as well as increase their yield. There are two types of global animal healthcare market. Rising rate of milk and meat consumption are the primary demand drivers in the animal healthcare market. Aside from that, rising zoonotic and foodborne diseases, in addition to a rising trend in pet adoption, are all driving the growth of the animal healthcare market. Natural products are gaining high popularity and now food processors are opting for transparent labeling. This is expected to increase the sales projections of the animal healthcare market in the near future.

In developing economies, there is a rapid expansion of hospital and retail pharmacies that provide veterinary drugs, nutritional supplements, pet vaccines, and other products for the effective treatment of various diseases and injuries in animals. The growing number of eCommerce channels and online pharmacies in emerging nations are likely to create revenue generation opportunities for the animal healthcare market in the next couple of years.

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Due to their product availability, low prices, and ease of transaction, online pharmacies are in high demand for veterinary medicines and other animal healthcare products. Pet owners are caring for their pets by purchasing routine vaccines, disease prevention medicines, and pharmaceutical drugs online. Such factors are likely to create revenue generation opportunities for the animal healthcare market in the near future. 

Rising Cases of Zoonotic Diseases will Propel Growth of Animal Healthcare Market

Vaccination services, veterinary medical assistance, and improved treatment facilities are available in India to improve animal health. Many animal activists fight for animal rights, illegal animal slaughter, and animal abuse. Some of the emerging trend in the animal healthcare market includes an increase in the number of animal lovers and increased government initiatives to advertise animal health products. The major factors boosting the sales growth of the animal health market are the rising popularity of zoonotic diseases and the expansion of the veterinarian pharmaceutical industry. Zoonotic diseases are transmitted naturally from animals to humans via contaminated water and food, or by sudden or long exposure to the pathogen at the time of preparation, processing, or direct contact with infected animals or humans. Improving the living conditions of animals in a hygienic environment is gaining importance among pet owners and animal husbandry practioners. This will also help promote the growth of this market in the foreseeable future.

The nature of market for animal healthcare is consolidated on account of the presence of a few players having significant positions in the overall competition. Leading players of the animal healthcare market are engaging in intense research and development for improving their product portfolio, offering better strategies that will attract high revenues. Some of the key players of the global animal healthcare market include Lupin Ltd., Sun Pharmaceutical Industries Ltd., Merck & Co. Inc., Zydus LifeSciences Ltd., GlaxoSmithKline Plc., Olympus Corporation, Novartis AG, Sanofi SA, Pfizer Plc., and others.

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The advent of Internet of Things in animal healthcare monitoring is yet another driving factor boosting the growth of the global animal healthcare market in the coming years. IoT is used to monitor animal health care, which is critical in reducing the infection risk among animals. This technology can be used to monitor animal health and provide proper animal husbandry. The use of wearable technologies and biosensors in animal health management is becoming increasingly important. These gadgets offer timely diagnosis of animal diseases, thus, reducing economic losses in the long run. Wireless methods include the use of the Internet of Things (IoT), which is an expanding intent-based data that enables trade and aims to provide a convenient and secure way for personal data related to animal health to be exchanged.