Latin America Influenza Vaccine Market Size & Outlook

The influenza vaccine market in Latin America is expected to reach a projected revenue of US$ 476.2 million by 2030. A compound annual growth rate of 7.8% is expected of Latin America influenza vaccine market from 2024 to 2030.
Revenue, 2023 (US$M)
$281.3
Forecast, 2030 (US$M)
$476.2
CAGR, 2024 - 2030
7.8%
Report Coverage
Latin America

Latin America influenza vaccine market highlights

  • The Latin America influenza vaccine market generated a revenue of USD 281.3 million in 2023.
  • The market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
  • In terms of segment, inactivated was the largest revenue generating vaccine type in 2023.
  • Inactivated is the most lucrative vaccine type segment registering the fastest growth during the forecast period.
  • Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.


Latin America data book summary

Market revenue in 2023USD 281.3 million
Market revenue in 2030USD 476.2 million
Growth rate7.8% (CAGR from 2023 to 2030)
Largest segmentInactivated
Fastest growing segmentInactivated
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationInactivated, Live Attenuated
Key market players worldwideGSK PLC, Pfizer Inc, Merck & Co Inc, Viatris Inc, AstraZeneca PLC, Sinovac Biotech Ltd, CSL Ltd, Emergent BioSolutions Inc, Vaxess Technologies, Osivax, Emergex Vaccines


Other key industry trends

  • In terms of revenue, Latin America region accounted for 3.6% of the global influenza vaccine market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 2,360.7 million by 2030.

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Influenza Vaccine Market Companies

Name Profile # Employees HQ Website

Latin America influenza vaccine market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to influenza vaccine market will help companies and investors design strategic landscapes.


Inactivated was the largest segment with a revenue share of 92.53% in 2023. Horizon Databook has segmented the Latin America influenza vaccine market based on inactivated, live attenuated covering the revenue growth of each sub-segment from 2018 to 2030.


The Latin America influenza market exhibited significant growth in the past few years owing to high disease burden and increased demand for infectious disease vaccines. Mexico, Brazil, and Argentina are the major markets for influenza vaccine in Latin America.

Favorable government initiatives and research collaborations are anticipated to contribute to the market growth. In addition, the demand for influenza vaccines increased owing to current disease burden and high demand from healthcare providers.

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Target buyers of Latin America influenza vaccine market databook

  • Our clientele includes a mix of influenza vaccine market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America influenza vaccine market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America influenza vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America influenza vaccine market size, by country, 2018-2030 (US$M)

Latin America Influenza Vaccine Market Outlook Share, 2023 & 2030 (US$M)

Latin America influenza vaccine market size, by country, 2018-2030 (US$M)

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