India Pneumococcal Vaccine Market Size & Outlook, 2023-2030
India pneumococcal vaccine market, 2018-2030 (US$M)
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India pneumococcal vaccine market highlights
- The India pneumococcal vaccine market generated a revenue of USD 104.9 million in 2023 and is expected to reach USD 347.4 million by 2030.
- The India market is expected to grow at a CAGR of 18.7% from 2024 to 2030.
- In terms of segment, pneumococcal conjugate vaccine was the largest revenue generating vaccine type in 2023.
- Pneumococcal Conjugate Vaccine is the most lucrative vaccine type segment registering the fastest growth during the forecast period.
Pneumococcal vaccine market data book summary
| Market revenue in 2023 | USD 104.9 million |
| Market revenue in 2030 | USD 347.4 million |
| Growth rate | 18.7% (CAGR from 2023 to 2030) |
| Largest segment | Pneumococcal conjugate vaccine |
| Fastest growing segment | Pneumococcal Conjugate Vaccine |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pneumococcal Conjugate Vaccine, Pneumococcal Polysaccharide Vaccine |
| Key market players worldwide | Serum Institute of India Pvt. Ltd., CSL Ltd, Sanofi SA, GSK PLC, Merck & Co Inc, Pfizer Inc, Walvax Biotechnology, Beijing Minhai Biotechnology Co. |
Other key industry trends
- In terms of revenue, India accounted for 1.3% of the global pneumococcal vaccine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pneumococcal vaccine market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 347.4 million by 2030.
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Pneumococcal Vaccine Market Scope
Pneumococcal Vaccine Market Companies
| Name | Profile | # Employees | HQ | Website |
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India pneumococcal 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 pneumococcal vaccine market will help companies and investors design strategic landscapes.
Pneumococcal conjugate vaccine was the largest segment with a revenue share of 92.95% in 2023. Horizon Databook has segmented the India pneumococcal vaccine market based on pneumococcal conjugate vaccine, pneumococcal polysaccharide vaccine covering the revenue growth of each sub-segment from 2018 to 2030.
In December 2020, the Serum Institute of India (SII) launched 'PNEUMOSIL,' India’s first fully indigenously developed pneumococcal vaccine. This vaccine is specifically designed to combat pneumococcal pneumonia in children and is priced competitively, making it accessible to a wider population.
This milestone solidifies SII's position as a leader in conjugate vaccines, boasting several patents and becoming the first developing country vaccine manufacturer to access the global pneumococcal conjugate vaccine (PCV) market. In addition, SII is recognized as the world's third supplier of PCVs under the pneumococcal Advance Market Commitment (AMC).
While multinational pharmaceutical companies hold a significant share of India's vaccine market, domestically manufactured vaccines are gaining momentum. Despite challenges posed by the COVID19 pandemic, the vaccine market in India is gradually rebounding, with multinational corporations resuming growth.
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Target buyers of India pneumococcal vaccine market databook
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Our clientele includes a mix of pneumococcal vaccine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 country-level data and insights on the India pneumococcal vaccine market, including forecasts for subscribers. This country databook contains high-level insights into India pneumococcal vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India pneumococcal vaccine market size, by vaccine type, 2018-2030 (US$M)
India Pneumococcal Vaccine Market Share, 2023 & 2030 (US$M)
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