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Vaccine Market Analysis, Share, Industry, Opportunities 2031

Vaccine Market

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Segments - by Types (Live Attenuated Vaccines, Inactivated Vaccines, Toxoid Vaccines, DNA Vaccines, Conjugate Vaccines, and Subunit Vaccines), Applications (Infectious Diseases, Cancer, Autism, and Allergy), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author :

Raksha Sharma

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Vineet Pandey

Editor :

Vishal Golekar

Report Description

Vaccine Market Outlook

The Vaccine Market size was USD 45.62 Billion in 2022 and is likely to reach USD 109.34 Billion by 2031, expanding at a CAGR of 10.2% during 2023 - 2031. The growth of the market is attributed to the rising awareness of vaccination and high demand for better healthcare infrastructure.

Vaccines are also called as immunizations. Vaccine is an attenuated form of an infective organism, which is injected to a person to enhance immunity or antibodies against the disease.

The use of vaccination has eliminated the chance of developing a number of diseases and even eradicated some of diseases such as smallpox and polio. Immunization plays a vital role to increase the quality of life of people by providing protection against various disease. The demand for immunization gained significant demand over the recent years, which is attributed to rise in prevalence of both bacterial and viral infectious diseases. Vaccinations are injected to people of various age groups, which brace the immune system for complete life span as well as provide protection against several infectious diseases.

As per several research studies, vaccination has prevented around 2 million people from succumbed to different diseases such as measles, tetanus, influenza, pertussis, diphtheria, and others. Additionally, according to the World Health Organization (WHO), more than 1.5 million deaths are estimated to be possible to be prevented, due to the advancement in global immunization coverage.

The COVID-19 pandemic outbreak caused most of the pharmaceutical, biotechnology, and healthcare organizations to focus on safety wearable, diagnostics kits, vaccines, and drugs for Novel coronavirus treatment. The major players in the market started to concentrate on developing vaccine for coronavirus. Furthermore, the healthcare professionals are busy in COVID-19 related services. The pharmaceutical organizations are focusing on research & development of COVID-19 related vaccines, treatments, diagnostics, and health technologies. All these factors are expected to drive the global vaccines market during the forecast period.

Vaccine Market Trends, Drivers, Restraints, and Opportunities

High prevalence of deadly infectious diseases across the world and increasing research & development activities in the field of vaccines are propelling the market growth.
Increased government initiatives for the vaccination of the population is boosting the market growth.
Introduction of highly efficient vaccines in preventing diseases is a key driver of the vaccine market
Heavy research cost for development of vaccine and longtime durations are major restraints that can hamper the market growth in the near future.
Occurrence of more deadly diseases and infectious diseases such as COVID-19 have increased the demand for vaccine development. This proves a huge opportunity of the global market at a significant rate.

Scope of Vaccine Market Report

The report on the global vaccine market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Vaccine Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Live Attenuated Vaccines, Inactivated Vaccines, Toxoid Vaccines, DNA Vaccines, Conjugate Vaccines, and Subunit Vaccines) and Applications (Infectious Diseases, Cancer, Autism, and Allergy)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Merck &Co., Inc.; Emergent BioSolutions, Inc.; Johnson and Johnson; Sanofi Pasteur, Inc.; Pfizer, Inc.; Novartis AG; CSL Ltd.; GlaxoSmithKline Plc.; Abbott Laboratories, Inc.; AstraZeneca Plc; Janssen Pharmaceuticals, Inc.; Takeda Pharmaceuticals Company Ltd.; and Valeant Pharmaceuticals International, Inc.

Vaccine Market Segment Insights

Inactivated vaccines segment is expected to exhibit substantial growth

Based on the types, the global vaccine market is divided into live toxoid vaccines, attenuated vaccines, inactivated vaccines, DNA vaccines, conjugate vaccines, and subunit vaccines. The inactivated vaccines segment is expected to exhibit substantial growth during the projected period owing to the great stability and long shelf-life with high efficacy of the vaccine type.

However, the DNA vaccine segment is expected to grow at an impressive growth rate in the coming years due to its reduced risk of integration and high specificity. The development of different vaccines and its high demand as well as various drugs under the pipeline are bolstering the market segment.

Infectious disease segment is projected to expand at a considerable CAGR

On the basis of applications, the market is segregated into infectious diseases, cancer, autism, and allergy. The infectious disease segment is projected to expand at a considerable CAGR during the forecast period attributed to high prevalence of infectious diseases and rising concerns about the vaccination among the population.

Moreover, high frequency of diseases such as hepatitis, cholera, chickenpox, measles, typhoid, and others are major factors for this segment development. The extensive research activities for the disease control and prevention has resulted into large number of potential candidates for vaccine. The COVID-19 has also boosted the segment as many companies invested hugely for this vaccine development.

Cancer segment, however, is anticipated to register a substantial growth rate during the projected period as cancer is highly prevalent disease globally. As per several reports from organizations such as WHO, the number of the population suffering from cancer is going to increase continuously in the future.

North America is anticipated to constitute a major market share

In terms of regions, the global vaccine market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a major market share in the coming years owing to the well-developed healthcare infrastructure as well as presence of skilled professionals in the region. Moreover, huge investment by some of the major market players in the region is boosting the regional market expansion.

The market of Asia Pacific, however, is anticipated to grow at a robust pace in the forecast period attributed to the presence of a large number of untapped population in the region. Furthermore, growing disposable income and increasing awareness about the vaccine benefits among a huge population group in the region are estimated to spur the regional market expansion in the coming future.

Segments

The global vaccine market has been segmented on the basis of

Types

Live Attenuated Vaccines
Inactivated Vaccines
Subunit Vaccines

Applications

Infectious Diseases
Cancer
Autism
Allergy

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Merck &Co., Inc.
Emergent BioSolutions, Inc.
Johnson and Johnson
Sanofi Pasteur, Inc.
Pfizer, Inc.
Novartis AG
CSL Ltd.
GlaxoSmithKline Plc.
Abbott Laboratories, Inc.
AstraZeneca Plc
Janssen Pharmaceuticals, Inc.
Takeda Pharmaceuticals Company Ltd.
Valeant Pharmaceuticals International, Inc.

Competitive Landscape

The key players of the global vaccine market are Merck &Co., Inc.; Emergent BioSolutions, Inc.; Johnson and Johnson; Sanofi Pasteur, Inc.; Pfizer, Inc.; Novartis AG; CSL Ltd.; GlaxoSmithKline Plc.; Abbott Laboratories, Inc.; AstraZeneca Plc; Janssen Pharmaceuticals, Inc.; Takeda Pharmaceuticals Company Ltd.; and Valeant Pharmaceuticals International, Inc. AstraZeneca collaborated with the University of Oxford to develop the COVID-19 vaccine in 2020 in an attempt to curb the spread of the pandemic.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vaccine Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Vaccine Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Vaccine Market - Supply Chain
  4.5. Global Vaccine Market Forecast
     4.5.1. Vaccine Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Vaccine Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Vaccine Market Absolute $ Opportunity
5. Global Vaccine Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Vaccine Market Size and Volume Forecast by Types
     5.3.1. Live Attenuated Vaccines Inactivated Vaccines Subunit Vaccines
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Vaccine Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Vaccine Market Size and Volume Forecast by Applications
     6.3.1. Infectious Diseases Cancer Autism Allergy
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Vaccine Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Vaccine Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Vaccine Demand Share Forecast, 2019-2026
8. North America Vaccine Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Vaccine Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Vaccine Market Size and Volume Forecast by Types
     8.4.1. Live Attenuated Vaccines Inactivated Vaccines Subunit Vaccines
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Vaccine Market Size and Volume Forecast by Applications
     8.7.1. Infectious Diseases Cancer Autism Allergy
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Vaccine Demand Share Forecast, 2019-2026
9. Latin America Vaccine Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Vaccine Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Vaccine Market Size and Volume Forecast by Types
     9.4.1. Live Attenuated Vaccines Inactivated Vaccines Subunit Vaccines
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Vaccine Market Size and Volume Forecast by Applications
     9.7.1. Infectious Diseases Cancer Autism Allergy
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Vaccine Demand Share Forecast, 2019-2026
10. Europe Vaccine Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Vaccine Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Vaccine Market Size and Volume Forecast by Types
     10.4.1. Live Attenuated Vaccines Inactivated Vaccines Subunit Vaccines
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Vaccine Market Size and Volume Forecast by Applications
     10.7.1. Infectious Diseases Cancer Autism Allergy
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Vaccine Demand Share Forecast, 2019-2026
11. Asia Pacific Vaccine Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Vaccine Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Vaccine Market Size and Volume Forecast by Types
     11.4.1. Live Attenuated Vaccines Inactivated Vaccines Subunit Vaccines
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Vaccine Market Size and Volume Forecast by Applications
     11.7.1. Infectious Diseases Cancer Autism Allergy
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Vaccine Demand Share Forecast, 2019-2026
12. Middle East & Africa Vaccine Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Vaccine Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Vaccine Market Size and Volume Forecast by Types
     12.4.1. Live Attenuated Vaccines Inactivated Vaccines Subunit Vaccines
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Vaccine Market Size and Volume Forecast by Applications
     12.7.1. Infectious Diseases Cancer Autism Allergy
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Vaccine Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Vaccine Market: Market Share Analysis
  13.2. Vaccine Distributors and Customers
  13.3. Vaccine Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Merck &Co., Inc. Emergent BioSolutions, Inc. Johnson and Johnson Sanofi Pasteur, Inc. Pfizer, Inc. Novartis AG

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