Product Code: 978-1-68038-990-6
Vaccine Market Growth & Trends:
The global vaccine market size is expected to reach USD 110.54 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.74% from 202 to 2030. The growth is attributed to the rising immunization programmes, and the development of vaccines for diseases, such as RSV and Chlamydia amongst others. There has been significant progress in improving access to vaccines for diseases of public health concern. Many new vaccines have been developed and distributed globally, resulting in the saving of countless lives and the prevention of various illnesses.
Furthermore, there are several initiatives in the vaccine market aimed at improving access to vaccines, developing new vaccines, and ensuring vaccine safety. These initiatives involve international organizations, governments, private sector entities, and philanthropic organizations. Through collaboration and innovation, these initiatives are helping to address global health challenges and improve public health outcomes. For instance, COVAX is a global initiative aimed at ensuring equitable access to COVID vaccines. The initiative is co-led by Gavi, the Vaccine Alliance, the World Health Organization (WHO), and the Coalition for Epidemic Preparedness Innovations (CEPI).
Although there are over 90 vaccine manufacturers supplying vaccines to World Health Organization Member States in 2021, supply remains highly dependent on fewer than 10 manufacturers with diverse deployable technology and global reach. This concentration leads to regional supply insecurity and market health issues, particularly in the African and Eastern Mediterranean regions. It is anticipated that the COVID vaccine market could go private in the second half of 2023 in the U.S. This privatization may lead to an increase in prices of COVID vaccines and open up the market for other players as well. For instance, both Moderna and Pfizer BioNTech have announced that the prices of their respective mRNA COVID vaccines could increase to around USD 110 to USD 130 per shot.
Vaccine Market Report Highlights:
- By type, the mRNA segment dominated the vaccine market with a share of 32.32% in 2023. However, the subunit vaccine segment is expected to grow at the fastest CAGR of 8.1% during the forecast period
- By route of administration, the parenteral administration is anticipated to capture the majority of the vaccine market share throughout the forecast period. Parenteral administration reduces the risk of contamination compared to other routes of administration thus contributing to the segments' dominance
- By disease indication, the viral diseases segment captured the largest share of the vaccine market in 2023, majorly attributed to the high distribution of COVID-19 vaccines during 2021 and 2022
- By age, pediatrics is expected to witness the fastest growth during the forecast period, as many countries have established national immunization programs that require children to receive certain shots as part of routine childhood vaccinations
- By distribution channel, pharmacies are anticipated to be the fastest-growing segment. This growth can be attributed to the increased accessibility and convenience for patients, and the potential for increased revenue and profitability for pharmacies
- North America region is expected to grow at the fastest CAGR during the forecast period. The region is dominated by a few key players, including Pfizer, Moderna, Sanofi Pasteur, and Merck. These companies have a strong presence in the market, with established distribution networks and significant investment in vaccine research and development
Table of Contents
Chapter 1. Methodology And Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Type
- 1.2.2. Route of Administration
- 1.2.3. Disease Indication
- 1.2.4. Age Group
- 1.2.5. Distribution Channel
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR's internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.4.5.1. Data for primary interviews in North America
- 1.4.5.2. Data for primary interviews in Europe
- 1.4.5.3. Data for primary interviews in Asia Pacific
- 1.4.5.4. Data for primary interviews in Latin America
- 1.4.5.5. Data for primary interviews in MEA
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity flow analysis (Model 1)
- 1.7.2. Approach 1: Commodity flow approach
- 1.7.3. Volume price analysis (Model 2)
- 1.7.4. Approach 2: Volume price analysis
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
Chapter 2. Market Variables, Trends, & Scope
- 2.1. Market Segmentation and Scope
- 2.2. Market Lineage Outlook
- 2.2.1. Parent Market Outlook
- 2.2.2. Related/Ancillary Market Outlook
- 2.3. Market Trends and Outlook
- 2.4. Market Dynamics
- 2.4.1. Rise in the importance of immunization across the globe
- 2.4.2. Growing Burden of Chronic and Infectious Diseases
- 2.4.3. Technology advancements in the vaccination development
- 2.5. Market Restraint Analysis
- 2.5.1. Lack of healthcare infrastructure
- 2.5.2. Cost of immunization
- 2.6. Business Environment Analysis
- 2.6.1. SWOT Analysis; By Factor (Political & Legal, Economic and Technological)
- 2.6.2. Porter's Five Forces Analysis
- 2.7. COVID-19 Impact Analysis
Chapter 3. Type Business Analysis
- 3.1. Type Market Share, 2023 & 2030
- 3.2. Segment Dashboard
- 3.3. Vaccines Market by Type Outlook
- 3.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 3.5. Subunit Vaccines
- 3.5.1. Vaccine Market for Subunit Vaccines, 2018 - 2030 (USD Billion)
- 3.5.2. Recombinant vaccines
- 3.5.2.1. Vaccine Market for Recombinant vaccines, 2018 - 2030 (USD Billion)
- 3.5.3. Conjugate Vaccines
- 3.5.3.1. Vaccine Market for Conjugate vaccines, 2018 - 2030 (USD Billion)
- 3.5.4. Toxoid vaccines
- 3.5.4.1. Vaccine Market for Toxoid vaccines, 2018 - 2030 (USD Billion)
- 3.6. Inactivated
- 3.6.1. Vaccine Market for Inactivated, 2018 - 2030 (USD Billion)
- 3.7. Live Attenuated
- 3.7.1. Vaccine Market for Live Attenuated, 2018 - 2030 (USD Billion)
- 3.8. mRNA vaccines
- 3.8.1. Vaccine Market for mRNA vaccines, 2018 - 2030 (USD Billion)
- 3.9. Viral vector vaccines
- 3.9.1. Vaccine Market for Viral vector vaccines, 2018 - 2030 (USD Billion)
Chapter 4. Route Of Administration Business Analysis
- 4.1. Route of administration Market Share, 2023 & 2030
- 4.2. Segment Dashboard
- 4.3. Vaccines Market by Route of administration Outlook
- 4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 4.5. Oral
- 4.5.1. Vaccine Market for Oral, 2018 - 2030 (USD Billion)
- 4.6. Parenteral
- 4.6.1. Vaccine Market for Parenteral, 2018 - 2030 (USD Billion)
- 4.7. Nasal
- 4.7.1. Vaccine Market for Nasal, 2018 - 2030 (USD Billion)
Chapter 5. Disease Indication Business Analysis
- 5.1. Disease Indication Market Share, 2023 & 2030
- 5.2. Segment Dashboard
- 5.3. Vaccines Market by Disease Indication Outlook
- 5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 5.5. Viral Diseases
- 5.5.1. Vaccine Market for Viral Diseases, 2018 - 2030 (USD Billion)
- 5.5.2. Hepatitis
- 5.5.2.1. Vaccine Market for Hepatitis, 2018 - 2030 (USD Billion)
- 5.5.3. Influenza
- 5.5.3.1. Vaccine Market for Influenza, 2018 - 2030 (USD Billion)
- 5.5.4. HPV
- 5.5.4.1. Vaccine Market for HPV, 2018 - 2030 (USD Billion)
- 5.5.5. MMR
- 5.5.5.1. Vaccine Market for MMR, 2018 - 2030 (USD Billion)
- 5.5.6. Rotavirus
- 5.5.6.1. Vaccine Market for Rotavirus, 2018 - 2030 (USD Billion)
- 5.5.7. Herpes Zoster
- 5.5.7.1. Vaccine Market for Herpes Zoster, 2018 - 2030 (USD Billion)
- 5.5.8. COVID-19
- 5.5.8.1. Vaccine Market for Covid-19, 2018 - 2030 (USD Billion)
- 5.5.9. Others
- 5.5.9.1. Vaccine Market for Others, 2018 - 2030 (USD Billion)
- 5.6. Bacterial Vaccines
- 5.6.1. Vaccine Market for Bacterial Vaccines, 2018 - 2030 (USD Billion)
- 5.6.2. Meningococcal Diseases
- 5.6.2.1. Vaccine Market for Meningococcal Diseases, 2018 - 2030 (USD Billion)
- 5.6.3. Pneumococcal Diseases
- 5.6.3.1. Vaccine Market for Pneumococcal Diseases, 2018 - 2030 (USD Billion)
- 5.6.4. DPT
- 5.6.4.1. Vaccine Market for DPT, 2018 - 2030 (USD Billion)
- 5.6.5. Others
- 5.6.5.1. Vaccine Market for Others, 2018 - 2030 (USD Billion)
- 5.7. Cancer Vaccines
- 5.7.1. Vaccine Market for Cancer Vaccines, 2018 - 2030 (USD Billion)
- 5.8. Allergy Vaccines
- 5.8.1. Vaccine Market for Allergy Vaccines, 2018 - 2030 (USD Billion)
Chapter 6. Age Group Business Analysis
- 6.1. Age Group Market Share, 2023 & 2030
- 6.2. Segment Dashboard
- 6.3. Vaccines Market by Age Group Outlook
- 6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 6.5. Pediatric
- 6.5.1. Vaccine Market for Pediatric, 2018 - 2030 (USD Billion)
- 6.6. Adult
- 6.6.1. Vaccine Market for Adult, 2018 - 2030 (USD Billion)
Chapter 7. Distribution Channel Business Analysis
- 7.1. Distribution Channel Market Share, 2023 & 2030
- 7.2. Segment Dashboard
- 7.3. Vaccines Market by Distribution Channel Outlook
- 7.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 7.5. Hospital & Retail Pharmacies
- 7.5.1. Vaccine Market for Hospital & Retail Pharmacies, 2018 - 2030 (USD Billion)
- 7.6. Government Suppliers
- 7.6.1. Vaccine Market for Government Suppliers 2018 - 2030 (USD Billion)
- 7.7. Others
- 7.7.1. Vaccine Market for Others, 2018 - 2030 (USD Billion)
Chapter 8. Regional Business Analysis
- 8.1. Vaccine Market Share By Region, 2023 & 2030
- 8.2. North America
- 8.2.1. North America Vaccines Market 2018 - 2030 (USD Billion)
- 8.2.2. U.S.
- 8.2.2.1. Key Country Dynamics
- 8.2.2.2. Target Disease Prevalence
- 8.2.2.3. Competitive Scenario
- 8.2.2.4. Regulatory Framework
- 8.2.2.5. Reimbursement Scenario
- 8.2.2.6. U.S. Vaccine Market 2018 - 2030 (USD Billion)
- 8.2.3. Canada
- 8.2.3.1. Key Country Dynamics
- 8.2.3.2. Target Disease Prevalence
- 8.2.3.3. Competitive Scenario
- 8.2.3.4. Regulatory Framework
- 8.2.3.5. Reimbursement Scenario
- 8.2.3.6. Canada Vaccine Market 2018 - 2030 (USD Billion)
- 8.3. Europe
- 8.3.1. Europe Vaccines Market 2018 - 2030 (USD Billion)
- 8.3.2. Germany
- 8.3.2.1. Key Country Dynamics
- 8.3.2.2. Target Disease Prevalence
- 8.3.2.3. Competitive Scenario
- 8.3.2.4. Regulatory Framework
- 8.3.2.5. Reimbursement Scenario
- 8.3.2.6. Germany Vaccine Market 2018 - 2030 (USD Billion)
- 8.3.3. UK
- 8.3.3.1. Key Country Dynamics
- 8.3.3.2. Target Disease Prevalence
- 8.3.3.3. Competitive Scenario
- 8.3.3.4. Regulatory Framework
- 8.3.3.5. Reimbursement Scenario
- 8.3.3.6. UK Vaccine Market 2018 - 2030 (USD Billion)
- 8.3.4. France
- 8.3.4.1. Key Country Dynamics
- 8.3.4.2. Target Disease Prevalence
- 8.3.4.3. Competitive Scenario
- 8.3.4.4. Regulatory Framework
- 8.3.4.5. Reimbursement Scenario
- 8.3.4.6. France Vaccine Market 2018 - 2030 (USD Billion)
- 8.3.5. Italy
- 8.3.5.1. Key Country Dynamics
- 8.3.5.2. Target Disease Prevalence
- 8.3.5.3. Competitive Scenario
- 8.3.5.4. Regulatory Framework
- 8.3.5.5. Reimbursement Scenario
- 8.3.5.6. Italy Vaccine Market 2018 - 2030 (USD Billion)
- 8.3.6. Spain
- 8.3.6.1. Key Country Dynamics
- 8.3.6.2. Target Disease Prevalence
- 8.3.6.3. Competitive Scenario
- 8.3.6.4. Regulatory Framework
- 8.3.6.5. Reimbursement Scenario
- 8.3.6.6. Spain Vaccine Market 2018 - 2030 (USD Billion)
- 8.3.7. Denmark
- 8.3.7.1. Key Country Dynamics
- 8.3.7.2. Target Disease Prevalence
- 8.3.7.3. Competitive Scenario
- 8.3.7.4. Regulatory Framework
- 8.3.7.5. Reimbursement Scenario
- 8.3.7.6. Denmark Vaccine Market 2018 - 2030 (USD Billion)
- 8.3.8. Sweden
- 8.3.8.1. Key Country Dynamics
- 8.3.8.2. Target Disease Prevalence
- 8.3.8.3. Competitive Scenario
- 8.3.8.4. Regulatory Framework
- 8.3.8.5. Reimbursement Scenario
- 8.3.8.6. Sweden Vaccine Market 2018 - 2030 (USD Billion)
- 8.3.9. Norway
- 8.3.9.1. Key Country Dynamics
- 8.3.9.2. Target Disease Prevalence
- 8.3.9.3. Competitive Scenario
- 8.3.9.4. Regulatory Framework
- 8.3.9.5. Reimbursement Scenario
- 8.3.9.6. Norway Vaccine Market 2018 - 2030 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Vaccine Market, 2018 - 2030 (USD Billion)
- 8.4.2. Japan
- 8.4.2.1. Key Country Dynamics
- 8.4.2.2. Target Disease Prevalence
- 8.4.2.3. Competitive Scenario
- 8.4.2.4. Regulatory Framework
- 8.4.2.5. Reimbursement Scenario
- 8.4.2.6. Japan Vaccine Market 2018 - 2030 (USD Billion)
- 8.4.3. China
- 8.4.3.1. Key Country Dynamics
- 8.4.3.2. Target Disease Prevalence
- 8.4.3.3. Competitive Scenario
- 8.4.3.4. Regulatory Framework
- 8.4.3.5. Reimbursement Scenario
- 8.4.3.6. China Vaccine Market 2018 - 2030 (USD Billion)
- 8.4.4. India
- 8.4.4.1. Key Country Dynamics
- 8.4.4.2. Target Disease Prevalence
- 8.4.4.3. Competitive Scenario
- 8.4.4.4. Regulatory Framework
- 8.4.4.5. Reimbursement Scenario
- 8.4.4.6. India Vaccine Market 2018 - 2030 (USD Billion)
- 8.4.5. South Korea
- 8.4.5.1. Key Country Dynamics
- 8.4.5.2. Target Disease Prevalence
- 8.4.5.3. Competitive Scenario
- 8.4.5.4. Regulatory Framework
- 8.4.5.5. Reimbursement Scenario
- 8.4.5.6. South Korea Vaccine Market 2018 - 2030 (USD Billion)
- 8.4.6. Australia
- 8.4.6.1. Key Country Dynamics
- 8.4.6.2. Target Disease Prevalence
- 8.4.6.3. Competitive Scenario
- 8.4.6.4. Regulatory Framework
- 8.4.6.5. Reimbursement Scenario
- 8.4.6.6. Australia Vaccine Market 2018 - 2030 (USD Billion)
- 8.4.7. Thailand
- 8.4.7.1. Key Country Dynamics
- 8.4.7.2. Target Disease Prevalence
- 8.4.7.3. Competitive Scenario
- 8.4.7.4. Regulatory Framework
- 8.4.7.5. Reimbursement Scenario
- 8.4.7.6. Thailand Vaccine Market 2018 - 2030 (USD Billion)
- 8.5. Latin America
- 8.5.1. Latin America Vaccine Market, 2018 - 2030 (USD Billion)
- 8.5.2. Brazil
- 8.5.2.1. Key Country Dynamics
- 8.5.2.2. Target Disease Prevalence
- 8.5.2.3. Competitive Scenario
- 8.5.2.4. Regulatory Framework
- 8.5.2.5. Reimbursement Scenario
- 8.5.2.6. Brazil Vaccine Market 2018 - 2030 (USD Billion)
- 8.5.3. Mexico
- 8.5.3.1. Key Country Dynamics
- 8.5.3.2. Target Disease Prevalence
- 8.5.3.3. Competitive Scenario
- 8.5.3.4. Regulatory Framework
- 8.5.3.5. Reimbursement Scenario
- 8.5.3.6. Mexico Vaccine Market 2018 - 2030 (USD Billion)
- 8.5.4. Argentina
- 8.5.4.1. Key Country Dynamics
- 8.5.4.2. Target Disease Prevalence
- 8.5.4.3. Competitive Scenario
- 8.5.4.4. Regulatory Framework
- 8.5.4.5. Reimbursement Scenario
- 8.5.4.6. Argentina Vaccine Market 2018 - 2030 (USD Billion)
- 8.6. MEA
- 8.6.1. MEA Vaccine Market, 2018 - 2030 (USD Billion)
- 8.6.2. South Africa
- 8.6.2.1. Key Country Dynamics
- 8.6.2.2. Target Disease Prevalence
- 8.6.2.3. Competitive Scenario
- 8.6.2.4. Regulatory Framework
- 8.6.2.5. Reimbursement Scenario
- 8.6.2.6. South Africa Vaccine Market 2018 - 2030 (USD Billion)
- 8.6.3. Saudi Arabia
- 8.6.3.1. Key Country Dynamics
- 8.6.3.2. Target Disease Prevalence
- 8.6.3.3. Competitive Scenario
- 8.6.3.4. Regulatory Framework
- 8.6.3.5. Reimbursement Scenario
- 8.6.3.6. Saudi Arabia Vaccine Market 2018 - 2030 (USD Billion)
- 8.6.4. UAE
- 8.6.4.1. Key Country Dynamics
- 8.6.4.2. Target Disease Prevalence
- 8.6.4.3. Competitive Scenario
- 8.6.4.4. Regulatory Framework
- 8.6.4.5. Reimbursement Scenario
- 8.6.4.6. UAE Vaccine Market 2018 - 2030 (USD Billion)
- 8.6.5. Kuwait
- 8.6.5.1. Key Country Dynamics
- 8.6.5.2. Target Disease Prevalence
- 8.6.5.3. Competitive Scenario
- 8.6.5.4. Regulatory Framework
- 8.6.5.5. Reimbursement Scenario
- 8.6.5.6. Kuwait Vaccine Market 2018 - 2030 (USD Billion)
Chapter 9. Competitive Landscape
- 9.1. Participant's overview
- 9.2. Financial performance
- 9.3. Participant categorization
- 9.3.1. Market Leaders
- 9.3.2. Vaccine Market Share Analysis, 2023
- 9.3.3. Company Profiles
- 9.3.3.1. Serum Institute of India Pvt. Ltd.
- 9.3.3.1.1. Company Overview
- 9.3.3.1.2. Financial Performance
- 9.3.3.1.3. Product Benchmarking
- 9.3.3.1.4. Strategic Initiatives
- 9.3.3.2. Seqirus
- 9.3.3.2.1. Company Overview
- 9.3.3.2.2. Financial Performance
- 9.3.3.2.3. Product Benchmarking
- 9.3.3.2.4. Strategic Initiatives
- 9.3.3.3. Sanofi
- 9.3.3.3.1. Company Overview
- 9.3.3.3.2. Financial Performance
- 9.3.3.3.3. Product Benchmarking
- 9.3.3.3.4. Strategic Initiatives
- 9.3.3.4. GSK Plc.
- 9.3.3.4.1. Company Overview
- 9.3.3.4.2. Financial Performance
- 9.3.3.4.3. Product Benchmarking
- 9.3.3.4.4. Strategic Initiatives
- 9.3.3.5. Merck & Co., Inc.
- 9.3.3.5.1. Company Overview
- 9.3.3.5.2. Financial Performance
- 9.3.3.5.3. Product Benchmarking
- 9.3.3.5.4. Strategic Initiatives
- 9.3.3.6. Pfizer Inc.
- 9.3.3.6.1. Company Overview
- 9.3.3.6.2. Financial Performance
- 9.3.3.6.3. Product Benchmarking
- 9.3.3.6.4. Strategic Initiatives
- 9.3.3.7. Moderna Inc.
- 9.3.3.7.1. Company Overview
- 9.3.3.7.2. Financial Performance
- 9.3.3.7.3. Product Benchmarking
- 9.3.3.7.4. Strategic Initiatives
- 9.3.3.8. Sinovac
- 9.3.3.8.1. Company Overview
- 9.3.3.8.2. Financial Performance
- 9.3.3.8.3. Product Benchmarking
- 9.3.3.8.4. Strategic Initiatives
- 9.3.3.9. BioNTech SE
- 9.3.3.9.1. Company Overview
- 9.3.3.9.2. Financial Performance
- 9.3.3.9.3. Product Benchmarking
- 9.3.3.9.4. Strategic Initiatives
- 9.3.3.10. AstraZeneca
- 9.3.3.10.1. Company Overview
- 9.3.3.10.2. Financial Performance
- 9.3.3.10.3. Product Benchmarking
- 9.3.3.10.4. Strategic Initiatives
- 9.3.4. Strategy Mapping
- 9.3.4.1. Expansion
- 9.3.4.2. Acquisition
- 9.3.4.3. Collaborations
- 9.3.4.4. Product/Service Launch
- 9.3.4.5. Partnerships
- 9.3.4.6. Others