Vaccines Market by Type (Recombinant/Conjugate/Subunit, Inactivated, Live Attenuated and Toxoid), Route of Administration (Parenteral and Oral), Disease Indication and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Vaccines Market Size
The global vaccines market size was valued at $77.04 billion in 2024 and is projected to reach $91.99 billion by 2030, growing at a CAGR of 3.0% during the forecast period.

Vaccines Market Overview
A vaccine is a biological substance designed to stimulate the production of antibodies to fight with existing infections within the body. Formulated with antigens derived from pathogens and chemical compounds, vaccines act as a preventative measure against various illnesses. The several common types of vaccines, including conjugate vaccines, inactivated vaccines, live attenuated vaccines, recombinant vaccines, and toxoid vaccines. These vaccines play a crucial role in preventing serious diseases such as hepatitis, measles, polio, diphtheria, meningitis, influenza, tetanus, and rotavirus. By promoting the immune system's response, vaccines contribute to safeguarding individuals from a range of potentially harmful infections.

Vaccines Market Dynamics
• The vaccines market is expected to witness significant growth in the future due to the Increasing number of immunization programs, increasing prevalence of infectious diseases, and growing awareness about the benefits of vaccination.
• Additionally, advancements in vaccine technology are the prominent factors driving the growth of the market.
• However, high development costs and long timelines for vaccine manufacturing are restraining the market growth.
• On the contrary, increased focus on therapeutic vaccines, extensive R&D for vaccines, and increased investments in clinical trials are creating opportunities for market growth.

Impact of COVID-19 on the Vaccines Market
The global reach of the COVID-19 pandemic, impacting over 200 countries, has spurred manufacturers to enhance production capabilities and speed up the supply of critical products. Concurrently, the pandemic has disrupted routine immunization programs led by key organizations, including UNICEF, WHO, and PAHO. Responding to the critical shortage of COVID-19 vaccines in Latin America and the Caribbean, PAHO has introduced a regional production platform. UNICEF's May 2020 report revealed the suspension of immunization campaigns in 99 countries for diseases like measles, rubella, polio, meningococcal, and DTP. This interruption, coupled with a decline in vaccination rates, places a significant burden on healthcare systems, elevating death rates by rendering populations susceptible to deadly diseases. The consequences resulting from this situation would be far worse than the pandemic itself.

By Age Group, Pediatric Segment to Hold Major Share in the Vaccines Market
The Pediatric segment is expected to have a huge demand in the vaccines market during the forecast period owing to the globally expanding birth cohort and the increasing administration of pediatric vaccination doses. Notably, as per the World Health Organization (WHO) data for 2020, an impressive 83% of infant’s worldwide, totaling approximately 113 million infants received three doses of the diphtheria-tetanus-pertussis (DTP3) vaccine. This vaccination regimen is instrumental in safeguarding infants against infectious diseases known for causing severe illness, disability, or fatality, emphasizing the critical role of pediatric injections in global healthcare initiatives.

By Geography, North America is expected to have the highest CAGR during the forecast period
The North America is experiencing strong growth during the forecast period due to heightened occurrence of infectious diseases and considerable investments from governmental and nongovernmental organizations dedicated to vaccine development. The region's sustained commitment to addressing infectious diseases underscores the importance of vaccines in public health, reinforcing the market's growth trajectory. The substantial resources allocated by various entities signify a collective dedication to advancing vaccine research, development, and accessibility, reaffirming North America's pivotal role in the global vaccines market.

Key Target Audience:
• Pharmaceutical Companies
• Government Health Agencies
• Healthcare Professionals
• Non-Governmental Organizations (NGOs)
• Vaccine Distributors and Suppliers

List of the Key Players Profiled in the Report Includes:
• GlaxoSmithKline plc.
• Mitsubishi Tanabe Pharma Corporation
• Inovio Pharmaceuticals, Inc.
• Novartis AG
• Emergent BioSolutions, Inc.
• BHARAT BIOTECH
• SANOFI
• Bavarian Nordic
• Pfizer Inc.
• Merck & Co., Inc.
• CSL Limited
• NOVAVAX
• SERUM INSTITUTE OF INDIA PVT., LTD.
• Panacea Biotec
• DAIICHI SANKYO COMPANY, LIMITED

Recent Developments:
• In October 2023, Pfizer Inc. received approval by the U.S. Food and Drug Administration for PENBRAYA. This vaccine, the first of its kind, is designed to prevent meningococcal disease in adolescents and young adults aged 10-25 years by targeting the most prevalent serogroups.
• In October 2023, GSK and Arrowhead Pharmaceuticals Inc. revealed a partnership with Janssen Pharmaceuticals, Inc. to transfer exclusive rights for the continued development and commercialization of JNJ-3989 to GSK. Originally licensed by Janssen from Arrowhead in 2018, JNJ-3989 is the focus of this agreement.
• In August 2022, GSK (UK) acquired Affinivax, Inc. (US) to gain access to a next-generation 24-valent pneumococcal vaccine candidate.

Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Type:
• Recombinant/Conjugate/Subunit                                           
• Inactivated                                       
• Live Attenuated                                             
• Toxoid

Market by, Route of Administration:
• Parenteral         
• Oral       

Market by, Disease Indication:
• Viral Diseases
• Bacterial Diseases

Market by, Age Group:
• Pediatric
• Adults

Market by, Distribution Channel:
• Hospital & Retail Pharmacies                     
• Government Suppliers                
• Other Distribution Channels

Market by, Geography:
The vaccines market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

What Can be Explored with this Research Report:
• Understand the key trends that will drive the market and the challenges it faces in the current market scenario
• Identify growth opportunities
• Porter’s five force analysis
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth
• Historical and forecast size of the market in terms of revenue (USD Million)
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted

Table Of Content

1 Market Introduction         
    1.1 Market Definition      
    1.2 Research Scope and Segmentation    
    1.3 Stakeholders      
    1.4 List of Abbreviations      
            
2 Executive Summary          
            
3 Research Methodology         
            
4 Market Dynamics           
    4.1 Market Drivers      
    4.2 Market Restraints      
    4.3 Market Opportunities     
    4.4 Market Challenges      
    4.5 Impact of COVID-19 on Vaccines Market    
            
5 Porter's Five Force Analysis         
    5.1 Bargaining Power of Suppliers     
    5.2 Bargaining Power of Buyers     
    5.3 Threat of New Entrants     
    5.4 Threat of Substitutes     
    5.5 Competitive Rivalry in the Market    
            
6 Global Vaccines Market by, Type         
    6.1 Overview      
    6.2 Recombinant/Conjugate/Subunit    
    6.3 Inactivated      
    6.4 Live Attenuated      
    6.5 Toxoid       
            
7 Global Vaccines Market by, Route of Administration      
    7.1 Overview       
    7.2 Parenteral      
    7.3 Oral       
            
8 Global Vaccines Market by, Disease Indication       
    8.1 Overview      
    8.2 Viral Diseases      
        8.2.1 Hepatitis      
        8.2.2 Influenza      
        8.2.3 Human Papillomavirus    
        8.2.4 Measles/Mumps/Rubella    
        8.2.5 Rotavirus      
        8.2.6 Herpes Zoster     
        8.2.7 Other Viral Diseases    
    8.3 Bacterial Diseases      
        8.3.1 Meningococcal Disease    
        8.3.2 Pneumococcal Disease    
        8.3.3 Diphtheria/Tetanus/Pertussis    
        8.3.4 Other Bacterial Diseases    
            
9 Global Vaccines Market by, Age Group         
    9.1 Overview      
    9.2 Pediatric       
    9.3 Adults       
             
10 Global Vaccines Market by, Distribution Channel       
    10.1 Overview      
    10.2 Hospital & Retail Pharmacies     
    10.3 Government Suppliers     
    10.4 Other Distribution Channels     
            
11 Global Vaccines Market by, Geography        
    11.1 Overview      
    11.2 North America      
             11.2.1 US
             11.2.2 Canada
             11.2.3 Mexico
    11.3 Europe        
             11.3.1 Germany
             11.3.2 France
             11.3.3 UK
             11.3.4 Italy
             11.3.5 Spain
             11.3.6 Rest of Europe
    11.4 Asia Pacific      
             11.4.1 China
             11.4.2 Japan
             11.4.3 India
             11.4.4 South Korea
             11.4.5 Australia
             11.4.6 New Zealand
             11.4.7 Rest of Asia Pacific
    11.5 South America      
             11.5.1 Brazil
             11.5.2 Argentina
             11.5.3 Chile
             11.5.4 Rest of South America
    11.6 Middle East & Africa     
             11.6.1 UAE
             11.6.2 Saudi Arabia
             11.6.3 Qatar
             11.6.4 Iran
             11.6.5 South Africa
             11.6.6 Rest of Middle East & Africa
            
12 Key Developments          
            
13 Company Profiling          
    13.1 GlaxoSmithKline plc.      
             13.1.1 Business Overview
             13.1.2 Product/Service Offering
             13.1.3 Financial Overview
             13.1.4 SWOT Analysis
             13.1.5 Key Activities
    13.2 Mitsubishi Tanabe Pharma Corporation    
    13.3 Inovio Pharmaceuticals, Inc.      
    13.4 Novartis AG       
    13.5 Emergent BioSolutions, Inc.      
    13.6 BHARAT BIOTECH      
    13.7 SANOFI       
    13.8 Bavarian Nordic       
    13.9 Pfizer Inc.        
    13.10 Merck & Co., Inc.       
    13.11 CSL Limited      
    13.12 NOVAVAX      
    13.13 SERUM INSTITUTE OF INDIA PVT., LTD.     
    13.14 Panacea Biotec      
    13.15 DAIICHI SANKYO COMPANY, LIMITED