Vaccine Market Analysis and Forecast to 2032: By Age Group (Pediatric, Adult), Disease (Cancer, Hepatitis, Pneumococcal Disease, DTP, Influenza, Human Papilloma Virus, Meningococcal Disease, Polio, Rotavirus, COVID-19), Technology (Conjugate, Live, Inactivated, Recombinant, Toxoid), and Region

The global Vaccine Market was valued at USD 96.4 Billion in 2022 and it is anticipated to grow up to USD 128.6 Billion by 2032, growing at a CAGR of 2.9% during the forecast period.

A vaccine is a biological which is used to boost the person’s immune system and help to provide immunization against chronic diseases. The suspension consists of either weakened or killed forms of disease-causing microorganisms that enhance immunity without causing diseases. The vaccine provides active immunity against a specific harmful agent such as diseases caused by a certain pathogen, injection, bacteria, virus, or parasites. By stimulating the immune system to attack the agent and eliminating these agents and increasing the life of adults and elderly individuals. After stimulation by a vaccine, B lymphocytes remain sensitized and ready to respond to the agent whenever it enters the body next time.

Global Vaccine Market Scope and Report Structure
Report Attribute Details
Market Size in 2022$96.4 bn
Market Size in 2032$128.6 bn
Growth Rate (2022-32)2.9%
Historic Period2016-2021
Forecast Period2023-2032
Base Year2022
Segments CoveredAge Group, Technology, Application, and Region
Key CompaniesAstraZeneca plc., CSL Limited, Emergent BioSolutions Inc., GlaxoSmithKline plc., Johnson & Johnson, Merck & Co., Novavax, Pfizer Inc, Sanofi S.A., and Serum Institute of India, among others.
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Trends and Drivers

The expanding availability of preventive as well as therapeutic vaccines for a range of diseases will boost the market expansion. Furthermore, newly emerging infectious pathogenic diseases have influenced the need for effective vaccines across the globe. This has driven the R&D activities undertaken by the operational players as well as dedicated research institutes. Advancement in vaccine development technologies to increase its efficacy and liability will offer innovative solutions to address existing disease burdens. The adoption of novel development approaches including DNA/RNA vaccines, nanoparticle vaccines, and rational design will foster the vaccines market expansion.

Market Restraints and Challenges

Some of the market obstacles include a scarcity of experienced specialists and significant investment costs, as well as legal and ethical concerns about the market methods and outcomes in numerous nations.

Global Vaccine Market Segmental Overview

The report analyses the global Vaccine Market based on age group, technology, application, and region.

Global Vaccine Market by Age Group

Based on age group, the market is bifurcated into Pediatric, and Adult. Adult vaccines segment is projected to proceed at xx% CAGR during the forecast timeframe. This is attributable to the increasing awareness about the importance of immunization and advancements in vaccine technology, more adults are actively seeking vaccination against various diseases. The rise in chronic conditions, such as heart disease, diabetes, and respiratory illnesses, has further propelled the demand for adult vaccines. Additionally, the COVID-19 pandemic has highlighted the critical need for adult vaccinations, leading to a surge in vaccine uptake. As a result, pharmaceutical companies and healthcare providers are focusing on expanding their adult vaccine portfolios and improving accessibility to cater to this growing market segment. Additionally, some countries have established the vaccination policies and regulations for adults while travelling to particular nations to avoid the risk of disease transmission, that has further influenced the vaccination rate in adults.

Global Vaccine Market by Technology

Based on the technology, the market is bifurcated into Conjugate, Live, Inactivated, Recombinant, Toxoid. Vaccines market from inactivated segment exceeded USD xx billion in 2022. This is attributed to the ability of inactivated vaccines in destruction of pathogen replication. This offers effective protection against various dreadful pathogenic diseases such as hepatitis A, influenza, polio, and rabies. Moreover, these vaccines prevent the reversal activity of pathogens to more pathogenic phenotype and avoids the interference with other functional molecules during the combination therapies. This leads to preference for inactivated technology over the live vaccines. Furthermore, as it can stored without refrigeration for certain period as the pathogen is dead, it offers ease in transportation and storage that will continue to increase its demand.

Global Vaccine Market by Application

Based on the application, the market is bifurcated into Cancer, Hepatitis, Pneumococcal Disease, Influenza, Rotavirus, COVID-19, and others. Among these the Covid-19 vaccine segment has experienced remarkable growth within the vaccine market. Since the emergence of the pandemic, the urgent need for effective vaccines has driven extensive research, development, and manufacturing efforts worldwide. The unprecedented global demand for Covid-19 vaccines has led to a surge in production and distribution capabilities, with numerous pharmaceutical companies, governments, and international organizations actively participating in the vaccination campaigns. This growth has been fueled by the imperative to curb the spread of the virus, alleviate the strain on healthcare systems, and restore economic stability. The Covid-19 vaccine segment’s rapid expansion has not only contributed significantly to saving lives and reducing the severity of the disease but has also propelled advancements in vaccine technology and infrastructure, fostering innovation and resilience in the broader vaccine market.

Geographical Analysis of Global Vaccine Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Europe vaccines market accounted for xx% revenue share in 2022. This is attributable to the increasing awareness about preventive healthcare, advancements in medical research, and robust healthcare infrastructure. The region’s proactive approach in vaccination campaigns, coupled with high demand for innovative vaccines, has contributed to the expansion of the market, benefiting both public health and the pharmaceutical industry. The government organizations are implementing some strategies to broaden accessibility for the emerging infectious disease treatments including the COVID-19. In addition, the industry players entered in collaboration with non-government organizations to provide COVID-19 vaccines considering significantly increasing disease incidence in the region.

Major Players in the Global Vaccine Market

The global Vaccine Market report includes players are AstraZeneca plc., CSL Limited, Emergent BioSolutions Inc., GlaxoSmithKline plc., Johnson & Johnson, Merck & Co., Novavax, Pfizer Inc, Sanofi S.A., and Serum Institute of India, among others.

COVID-19 Impact:

The outbreak of the COVID-19 pandemic pushed the pharmaceutical industry into action, with a race to develop therapeutic and preventive interventions. The onset of the SARS-CoV-2 pandemic set many pharmaceutical companies to quickly add clinical sequencing to expand safety testing that helped fight against the COVID-19 pandemic. COVID-19 had a significant impact on the Vaccine market. For instance, as per the study published in PLOS ONE in January 2022, it was concluded that COVID-19 syndrome caused significant alterations in the blood transcriptome, which were assessed using RNAseq and verified using digital droplet PCR (ddPCR) on specific targets. Such studies augment the use of Vaccine in analyzing the progression of COVID-19, thereby boosting the market’s growth over the coming years. Hence, owing to the increasing RNA and DNA sequencing-based research & development activities in developing diagnostic tools or effective therapeutics for COVID-19, the market is likely to continue its significant growth rate during the forecast period.

Recent Developments:
  • In February 2021, Ceva partnered with the French National Research Institute for Agriculture, Food, and Environment (INRAE) for R&D in the prevention of infectious diseases from animal origin and improvement of animal health.
  • In January 2021, Zoetis launched the Poulvac Procerta HVT-IBD vaccine for the protection of poultry against Infectious Bursal Disease (IBD). This added to the company line of recombinant vector vaccines.
  • UNICEF and Pfizer entered into a supply agreement for the COVID-19 vaccines distribution throughout 2021. This has helped the company to maintain broaden its distribution across the globe, thereby driving the business revenue.
Frequently Asked Questions

Q1. How big is the Vaccine Market?

Ans. TThe global Vaccine Market was valued at USD 96.4 Billion in 2022 and it is anticipated to grow up to USD 128.6 Billion by 2032, growing at a CAGR of 2.9% during the forecast period.

Q2. What is the Vaccine Market growth rate?

Ans. The growth rate of the Vaccine market is 2.9%

Q3. Which region holds a major market share for the market?

Ans. North America holds a major market share of the Vaccine Market in 2022.

Q4. Which segment accounted for the largest Vaccine Market share?

Ans. By application, the COVID-19 segment accounted for the largest Vaccine Market share.

Q5. Who are the key players in the kidney stones management market?

Ans. The global Vaccine Market report includes players are GlaxoSmithKline, Abbott, Astellas Pharma, Inc., AstraZeneca, Serum Institute of India, CSL Limited, Emergent BioSolutions, Inc., Merck & Co. Inc., Novavax, Pfizer, and Sanofi among others.

Q6. What are the factors driving the Vaccine Market growth?

Ans. The newly emerging infectious pathogenic diseases has influenced the need for effective vaccines across the globe are expected to drive global market revenue growth.

Q7. What are the key growth strategies of Vaccine Market players?

Ans. The key growth strategies of Vaccine Market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Vaccine Market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Vaccine Market during the forecast period.

Table of Contents

Chapter 1. Vaccine Market Overview
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Limitations
1.4. Research Methodologies
1.4.1. Secondary Research
1.4.2. Market Size Estimation Technique
1.4.3. Forecasting
1.4.4. Primary Research and Data Validation

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Premium Insights on the Market
3.1. Market Attractiveness Analysis, By Region
3.2. Market Attractiveness Analysis, By Age Group
3.3. Market Attractiveness Analysis, By Technology
3.4. Market Attractiveness Analysis, By Application

Chapter 4. Vaccine Market Outlook
4.1. Vaccine Market Segmentation
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.1.1. Driver 1
4.2.1.2. Driver 2
4.2.1.3. Driver 3
4.2.2. Market Restraints
4.2.2.1. Restraint 1
4.2.2.2. Restraint 2
4.2.3. Market Opportunities
4.2.3.1. Opportunity 1
4.2.3.2. Opportunity 2
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Buyers
4.3.4. Bargaining Power of Supplier
4.3.5. Competitive Rivalry
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.5.1. Raw Industry Vertical Suppliers
4.5.2. Manufacturers
4.5.3. Wholesalers and/or Retailers
4.6. Impact of COVID-19 on the Vaccine Market
4.7. Impact of the Russia and Vaccine Market

Chapter 5. Vaccine Market By Age Group
5.1. Market Overview
5.2. Pediatric
5.2.1. Key Market Trends & Opportunity Analysis
5.2.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
5.3. Adult
5.3.1. Key Market Trends & Opportunity Analysis
5.3.2. Market Size and Forecast, By Region, 2022-2032 ($Million)

Chapter 6. Vaccine Market By Technology
6.1. Market Overview
6.2. Conjugated
6.2.1. Market Trends & Opportunity Analysis
6.2.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
6.3. Live
6.3.1. Market Trends & Opportunity Analysis
6.3.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
6.4. Inactivated
6.4.1. Market Trends & Opportunity Analysis
6.4.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
6.5. Recombinant
6.5.1. Market Trends & Opportunity Analysis
6.5.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
6.6. Toxoid
6.6.1. Market Trends & Opportunity Analysis
6.6.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
6.7. Others
6.7.1. Market Trends & Opportunity Analysis
6.7.2. Market Size and Forecast, By Region, 2022-2032 ($Million)

Chapter 7. Vaccine Market By Application
7.1. Market Overview
7.2. Cancer
7.2.1. Key Market Trends & Opportunity Analysis
7.2.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
7.3. Hepatitis
7.3.1. Key Market Trends & Opportunity Analysis
7.3.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
7.4. Pneumococcal Disease
7.4.1. Key Market Trends & Opportunity Analysis
7.4.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
7.5. Influenza
7.5.1. Key Market Trends & Opportunity Analysis
7.5.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
7.6. COVID-19
7.6.1. Key Market Trends & Opportunity Analysis
7.6.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
7.7. Others
7.7.1. Key Market Trends & Opportunity Analysis
7.7.2. Market Size and Forecast, By Region, 2022-2032 ($Million)

Chapter 8. Blood-Brain Barrier Market, By Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends & Opportunity Analysis
8.2.2. North America Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.2.3. North America Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.2.4. North America Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.2.5. North America Vaccine Market Size and Forecast by Country, 2022-2032, ($Million)
8.2.6. The U.S.
8.2.6.1. The U.S. Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.2.6.2. The U.S. Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.2.6.3. The U.S. Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.2.7. Canada
8.2.7.1. Canada Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.2.7.2. Canada Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.2.7.3. Canada Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.2.8. Mexico
8.2.8.1. Mexico Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.2.8.2. Mexico Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.2.8.3. Mexico Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.3. Europe
8.3.1. Key Market Trends & Opportunity Analysis
8.3.2. Europe Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.3.3. Europe Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.3.4. Europe Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.3.5. Europe Vaccine Market Size and Forecast by Country, 2022-2032, ($Million)
8.3.6. Germany
8.3.6.1. Germany Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.3.6.2. Germany Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.3.6.3. Germany Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.3.7. France
8.3.7.1. France Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.3.7.2. France Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.3.7.3. France Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.3.8. U.K.
8.3.8.1. U.K. Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.3.8.2. U.K. Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.3.8.3. U.K. Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.3.9. Spain
8.3.9.1. Spain Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.3.9.2. Spain Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.3.9.3. Spain Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.3.10. Italy
8.3.10.1. Italy Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.3.10.2. Italy Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.3.10.3. Italy Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.3.11. Rest of Europe
8.3.11.1. Rest of Europe Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.3.11.2. Rest of Europe Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.3.11.3. Rest of Europe Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.4. Asia-Pacific
8.4.1. Key Market Trends & Opportunity Analysis
8.4.2. Asia-Pacific Vaccine Market Size and Forecast by Country, 2022-2032, ($Million)
8.4.3. Asia-Pacific Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.4.4. Asia-Pacific Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.4.5. Asia-Pacific Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.4.6. China
8.4.6.1. China Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.4.6.2. China Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.4.6.3. China Vaccine Market Size and Forecast By Age Group Industry Vertical, 2022-2032, ($Million)
8.4.7. India
8.4.7.1. India Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.4.7.2. India Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.4.7.3. India Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.4.8. Japan
8.4.8.1. Japan Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.4.8.2. Japan Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.4.8.3. Japan Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.4.9. South Korea
8.4.9.1. South Korea Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.4.9.2. South Korea Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.4.9.3. South Korea Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.4.10. Rest of APAC
8.4.10.1. Rest of APAC Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.4.10.2. Rest of APAC Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.4.10.3. Rest of APAC Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.5. Rest of the World
8.5.1. Key Market Trends & Opportunity Analysis
8.5.2. Rest of the World Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.5.3. Rest of the World Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.5.4. Rest of the World Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.5.5. Rest of the World Vaccine Market Size and Forecast by Country, 2022-2032, ($Million)
8.5.6. Latin America
8.5.6.1. Latin America Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.5.6.2. Latin America Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.5.6.3. Latin America Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.5.7. Middle East
8.5.7.1. Middle East Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.5.7.2. Middle East Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.5.7.3. Middle East Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)
8.5.8. Africa
8.5.8.1. Africa Vaccine Market Size and Forecast By Age Group, 2022-2032, ($Million)
8.5.8.2. Africa Vaccine Market Size and Forecast By Technology , 2022-2032, ($Million)
8.5.8.3. Africa Vaccine Market Size and Forecast By Application , 2022-2032, ($Million)

Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Vendor Benchmarking
9.4. Developmental Strategy Benchmarking
9.4.1. New Product Development
9.4.2. Product Launches
9.4.3. Business Expansions
9.4.4. Partnerships, Joint Ventures, and Collaborations
9.4.5. Mergers and Acquisitions

Chapter 10. Company Profiles
10.1. AstraZeneca plc.
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. CSL Limited
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product Offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. Emergent BioSolutions Inc.
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product Offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. GlaxoSmithKline plc.
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product Offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. Johnson & Johnson
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product Offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. Merck & Co.
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product Offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Novavax
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product Offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. Pfizer Inc.
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product Offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. Sanofi S.A.
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product Offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. Serum Institute of India
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product Offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis
*The list of company is subject to change during the final compilation of the report

Market Segmentation

By Age Group

  • Pediatric
  • Adult

By Technology

  • Conjugated
  • Live
  • Inactivated
  • Recombinant
  • Toxoid
  • Others

By Application

  • Cancer
  • Hepatitis
  • Pneumococcal Disease
  • Influenza
  • COVID-19
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
    • Middle East
    • Africa

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