Vaccines Market was valued at USD 74.73 Bn in 2022 and is expected to reach USD 168.5 Bn by 2031 and grow at a CAGR of 10.70% during the forecasted period 2024-2031.
Vaccines are pharmaceuticals created to boost a person's immune system and protect them from particular infectious diseases. They frequently include fragments of the disease-causing bacteria, weakened or inactive versions of the microbe, or a modified form of a toxin the microorganism produces. When a person receives a vaccination, it stimulates their immune system to identify and remember the particular pathogen so that, in the future, if they are exposed to the actual infectious agent, their immune system may promptly react and prevent or lessen the disease. Vaccines have considerably decreased the prevalence of illnesses, impairments, and fatalities globally and have helped stop the spread of numerous diseases. They have been created to treat a variety of infectious diseases, such as diphtheria, tetanus, hepatitis, measles, polio, and influenza.
Driver : The rising diseases, clinical trials where the need of vaccines is upheld.
The main goal of vaccinations is to stop the spread of infectious diseases and shield people from getting potentially life-threatening illnesses. Vaccines are made to encourage the immune system to identify and respond to particular infections effectively, lowering the chance of infection and its associated problems. By lowering the overall prevalence of diseases within communities, vaccination significantly contributes to public health. The spread of infectious illnesses is greatly slowed down when a large section of the population is immunized, a phenomenon known as "herd immunity" or "community immunity," even among people who are unvaccinated or who are unable to obtain vaccines for medical reasons.
Restrain : The stringent rules and regulations for the approval purpose.
Opportunity : The rising development and the rise in the R&D related to the drug innovation.
Vaccines are essential to maintaining the safety of the world's health, particularly in the face of pandemics and newly emerging infectious illnesses. Rapid vaccine creation, distribution, and use can help stop outbreaks, stop diseases from crossing international borders, and lessen their worldwide impact. A current illustration of the significance of vaccines in safeguarding populations around the world is the COVID-19 pandemic. Research and Innovation: The creation of vaccines encourages continued study of immunology and infectious illness. Scientists consistently try to produce new vaccines, enhance existing ones, and investigate innovative
Challenge : The lack of access in the emerging countries as the supply and demand factor can cause barrier for the countries with poor infrastructure.
Hospitals, clinics, and supply chains are all parts of the healthcare infrastructure that can be damaged by conflict. This may make it more difficult for people to receive healthcare services in general as well as the administration and distribution of immunizations. Inadequate healthcare systems can cause delays or disruptions in the distribution of vaccines, which could have an impact on vaccination coverage rates. Limited Access to Vaccines: Access to vaccines may be hindered by conflict, particularly in areas that have been directly impacted by the fighting or where infrastructure has been damaged. People may find it challenging to reach vaccination clinics or obtain routine immunization services due to population displacement, travel limitations, and insecurity.
Impact of recession :
During a recession, governments and healthcare budgets may experience difficulties, which could result in decreased funding for healthcare efforts like vaccination campaigns. This may have an impact on funding for vaccine research and development, vaccine distribution plans, and immunization campaigns. Affordability and Affected Demand: Financial troubles for people and families during a recession can make healthcare services, including vaccines, more expensive. Consumption of non-essential healthcare services, such as those vaccines not covered by conventional immunization programmers, may decline when disposable income declines. This might have an effect on immunization rates.
By Type
Recombinant
Inactivated
Live Attenuated
Toxoid
By Route of Administration
Parenteral
Oral
By Disease indication
Viral diseases
Bacterial Diseases
By Age Group
Pediatric
Adults
North America region will dominate the market because of the significant pharmaceutical businesses and research institutions, the region has strong capacity for developing vaccines. Programs for immunization span a wide range of diseases, from immunizations for children to those for adults. Although vaccination rates are generally high, certain groups continue to express vaccine hesitation.
Europe Is the region with the second highest share as the Vaccination programs vary from nation to nation but often include both advised adult vaccinations and routine kid immunizations. High vaccination rates are found in European nations, yet some regions are facing difficulties due to vaccine reluctance. The coordination of vaccine procurement and distribution efforts is greatly aided by the European Union.
The major key players are Sanofi, Pfizer, GlaxoSmithKline plc, Merck & Co, Inc, Inovio pharmaceuticals, Inc, Bavarian Nordic, Mitsubishi Tanabe Pharma Corporation, Novartis AG, Moderna and others.
Pfizer : The approval form FDA for ABRYSVO vaccine which will be used for the prevention of respiratory Syncytial virus (RSV) in older adults.
Moderna : The official announcement form the company related to the mRNA-1345 vaccine which has met primary efficacy endpoints in Phase 3 trial.
Bavarian Nordic : The disclosure of the phase 3 clinical trial of VLP Based Chikungunya virus vaccines in adults which will be used for patients who are above 65 years old.
| Report Attributes | Details |
| Market Size in 2023 | US$ 74.73 Bn |
| Market Size by 2031 | US$ 168.5 Bn |
| CAGR | CAGR of 10.70% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Recombinant, Inactivated, Live Attenuated, Toxoid) • By Route of Administration (Parenteral, Oral) • By Disease Indication (Viral diseases, Bacterial Diseases) • By Age Group (Pediatric, Adults) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Sanofi, Pfizer, GlaxoSmithKline plc, Merck & Co, Inc, Inovio pharmaceuticals, Inc, Bavarian Nordic, Mitsubishi Tanabe Pharma Corporation, Novartis AG, Moderna and others |
| Key Drivers | • The rising diseases, clinical trials where the need of vaccines is upheld. |
| Market Opportunities | • The rising development and the rise in the R&D related to the drug innovation. |
Ans : The Vaccines Market was valued at USD 67.51 Bn in 2022 and is expected to reach USD 151 Bn by 2030 and grow at a CAGR of 10.6% during the forecasted period 2023-2030.
Ans: The rising diseases, clinical trials where the need of vaccines is upheld.
Ans : The major key players are Sanofi, Pfizer, GlaxoSmithKline plc, Merck & Co, Inc, Inovio pharmaceuticals, Inc, Bavarian Nordic, Mitsubishi Tanabe Pharma Corporation, Novartis AG, Moderna and others.
Ans : During a recession, governments and healthcare budgets may experience difficulties, which could result in decreased funding for healthcare efforts like vaccination campaigns.
Ans: Vaccines market is divided into four segments.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Vaccines Market Segmentation, by Type
8.1 Recombinant
8.2 Inactivated
8.3 Live Attenuated
8.4 Toxoid
9. Vaccines Market Segmentation, By Route of Administration
9.1 Parenteral
9.2 Oral
10. Vaccines Market Segmentation, By Disease Indication
10.1 Viral diseases
10.2 Bacterial Diseases
11. Vaccines Market Segmentation, By Age Group
11.1 Pediatric
11.2 Adults
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Vaccines Market by country
12.2.2North America Vaccines Market by Type
12.2.3 North America Vaccines Market by Route of Administration
12.2.4 North America Vaccines Market by Disease Indication
12.2.5 North America Vaccines Market by Age Group
12.2.6 USA
12.2.6.1 USA Vaccines Market by Type
12.2.6.2 USA Vaccines Market by Route of Administration
12.2.6.3 USA Vaccines Market by Disease Indication
12.2.6.4 USA Vaccines Market by Age Group
12.2.7 Canada
12.2.7.1 Canada Vaccines Market by Type
12.2.7.2 Canada Vaccines Market by Route of Administration
12.2.7.3 Canada Vaccines Market by Disease Indication
12.2.7.4 Canada Vaccines Market by Age Group
12.2.8 Mexico
12.2.8.1 Mexico Vaccines Market by Type
12.2.8.2 Mexico Vaccines Market by Route of Administration
12.2.8.3 Mexico Vaccines Market by Disease Indication
12.2.8.4 Mexico Vaccines Market by Age Group
12.3 Europe
12.3.1 Europe Vaccines Market by country
1.3.3.2 Europe Vaccines Market by Type
12.3.3 Europe Vaccines Market by Route of Administration
12.3.4 Europe Vaccines Market by Disease Indication
12.3.5 Europe Vaccines Market by Age Group
12.3.6 Germany
12.3.6.1 Germany Vaccines Market by Type
12.3.6.2 Germany Vaccines Market by Route of Administration
12.3.6.3 Germany Vaccines Market by Disease Indication
12.3.6.4 Germany Vaccines Market by Age Group
12.3.7 UK
12.3.7.1 UK Vaccines Market by Type
12.3.7.2 UK Vaccines Market by Route of Administration
12.3.7.3 UK Vaccines Market by Disease Indication
12.3.7.4 UK Vaccines Market by Age Group
12.3.8 France
12.3.8.1 France Vaccines Market by Type
12.3.8.2 France Vaccines Market by Route of Administration
12.3.8.3 France Vaccines Market by Disease Indication
12.3.8.4 France Vaccines Market by Age Group
12.3.9 Italy
12.3.9.1 Italy Vaccines Market by Type
12.3.9.2 Italy Vaccines Market by Route of Administration
12.3.9.3 Italy Vaccines Market by Disease Indication
12.3.9.4 Italy Vaccines Market by Age Group
12.3.10 Spain
12.3.10.1 Spain Vaccines Market by Type
12.3.10.2 Spain Vaccines Market by Route of Administration
12.3.10.3 Spain Vaccines Market by Disease Indication
12.3.10.4 Spain Vaccines Market by Age Group
12.3.11 The Netherlands
12.3.11.1 Netherlands Vaccines Market by Type
12.3.11.2 Netherlands Vaccines Market by Route of Administration
12.3.11.3 Netherlands Vaccines Market by Disease Indication
12.3.11.4 Netherlands Vaccines Market by Age Group
12.3.12 Rest of Europe
12.3.12.1 Rest of Europe Vaccines Market by Type
12.3.12.2 Rest of Europe Vaccines Market by Route of Administration
12.3.12.3 Rest of Europe Vaccines Market by Disease Indication
12.3.12.4 Rest of Europe Vaccines Market by Age Group
12.4 Asia-Pacific
12.4.1 Asia Pacific Vaccines Market by country
12.4.2 Asia Pacific Vaccines Market by Type
12.4.2 Asia Pacific Vaccines Market by Route of Administration
12.4.4Asia Pacific Vaccines Market by Disease Indication
12.4.5Asia Pacific Vaccines Market by Age Group
12.4.6 Japan
12.4.6.1 Japan Vaccines Market by Type
12.4.6.2 Japan Vaccines Market by Route of Administration
12.4.6.3 Japan Vaccines Market by Disease Indication
12.4.6.4 Japan Vaccines Market by Age Group
12.4.7 South Korea
12.4.7.1 South Korea Vaccines Market by Type
12.4.7.2 South Korea Vaccines Market by Route of Administration
12.4.7.3 South Korea Vaccines Market by Disease Indication
12.4.7.4 South Korea Vaccines Market by Age Group
12.4.8 China
12.4.8.1 China Vaccines Market by Type
12.4.8.2 China Vaccines Market by Route of Administration
12.4.8.3 China Vaccines Market by Disease Indication
12.4.8.4 China Vaccines Market by Age Group
12.4.9 India
12.4.9.1 India Vaccines Market by Type
12.4.9.2 India Vaccines Market by Route of Administration
12.4.9.3 India Vaccines Market by Disease Indication
12.4.9.4 India Vaccines Market by Age Group
12.4.10 Australia
12.4.10.1 Australia Vaccines Market by Type
12.4.10.2 Australia Vaccines Market by Route of Administration
12.4.10.3 Australia Vaccines Market by Disease Indication
12.4.10.4 Australia Vaccines Market by Age Group
12.4.11 Rest of Asia-Pacific
12.4.11.1 APAC Vaccines Market by Type
12.4.11.2 APAC Vaccines Market by Route of Administration
12.4.11.3 APAC Vaccines Market by Disease Indication
12.4.11.4 APAC Vaccines Market by Age Group
12.5 The Middle East & Africa
12.5.1 The Middle East & Africa Vaccines Market by country
12.5.2 The Middle East & Africa Vaccines Market by Type
12.5.3 The Middle East & Africa Vaccines Market by Route of Administration
12.5.4The Middle East & Africa Vaccines Market by Disease Indication
12.5.5 The Middle East & Africa Vaccines Market by Age Group
12.5.6 Israel
12.5.6.1 Israel Vaccines Market by Type
12.5.6.2 Israel Vaccines Market by Route of Administration
12.5.6.3 Israel Vaccines Market by Disease Indication
12.5.6.4 Israel Vaccines Market by Age Group
12.5.7 UAE
12.5.7.1 UAE Vaccines Market by Type
12.5.7.2 UAE Vaccines Market by Route of Administration
12.5.7.3 UAE Vaccines Market by Disease Indication
12.5.7.4 UAE Vaccines Market by Age Group
12.5.8 South Africa
12.5.8.1 South Africa Vaccines Market by Type
12.5.8.2 South Africa Vaccines Market by Route of Administration
12.5.8.3 South Africa Vaccines Market by Disease Indication
12.5.8.4 South Africa Vaccines Market by Age Group
12.5.9 Rest of Middle East & Africa
12.5.9.1 Rest of Middle East & Asia Vaccines Market by Type
12.5.9.2 Rest of Middle East & Asia Vaccines Market by Route of Administration
12.5.9.3 Rest of Middle East & Asia Vaccines Market Disease Indication
12.5.9.4 Rest of Middle East & Asia Vaccines Market by Age Group
12.6 Latin America
12.6.1 Latin America Vaccines Market by country
12.6.2 Latin America Vaccines Market by Type
12.6.3 Latin America Vaccines Market by Route of Administration
12.6.4 Latin America Vaccines Market by Disease Indication
12.6.5 Latin America Vaccines Market by Age Group
12.6.6 Brazil
12.6.6.1 Brazil Vaccines Market by Type
12.6.6.2 Brazil Africa Vaccines Market by Route of Administration
12.6.6.3 Brazil Vaccines Market by Disease Indication
12.6.6.4 Brazil Vaccines Market by Age Group
12.6.7 Argentina
12.6.7.1 Argentina Vaccines Market by Type
12.6.7.2 Argentina Vaccines Market by Route of Administration
12.6.7.3 Argentina Vaccines Market by Disease Indication
12.6.7.4 Argentina Vaccines Market by Age Group
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Vaccines Market by Type
12.6.8.2 Rest of Latin America Vaccines Market by Route of Administration
12.6.8.3 Rest of Latin America Vaccines Market by Disease Indication
12.6.8.4 Rest of Latin America Vaccines Market by Age Group
13 Company profile
13.1 Sanofi
13.1.1 Market Overview
13.1.2 Financials
13.1.3 Treatment/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Pfizer
13.2.1 Market Overview
13.2.2 Financials
13.2.3 Treatment/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 GlaxoSmithKline plc
13.3.1 Market Overview
13.3.2 Financials
13.3.3 Treatment/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Merck & Co
13.4.1 Market Overview
13.4.2 Financials
13.4.2 Treatment/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Inovio pharmaceuticals
13.5.1 Market Overview
13.5.2 Financials
13.5.3 Treatment/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Bavarian Nordic
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Treatment/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Mitsubishi Tanabe Pharma Corporation
13.7.1 Market Overview
13.7.2 Financials
13.7.3 Treatment/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Novartis AG
13.8.1 Market Overview
13.8.2 Financials
13.8.3 Treatment/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Moderna
13.9.1 Market Overview
13.9.2 Financials
13.9.3 Treatment/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Others
13.10.1 Market Overview
13.10.2 Financials
13.10.3 Treatment/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share analysis
14.2 Recent Developments
15. USE Cases and Best Practices
16. Conclusion
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