Latin America Pneumococcal Vaccine Market Size & Outlook
Latin America pneumococcal vaccine market, 2018-2030 (US$M)
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Latin America pneumococcal vaccine market highlights
- The Latin America pneumococcal vaccine market generated a revenue of USD 209.0 million in 2023.
- The market is expected to grow at a CAGR of 16% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 209.0 million |
| Market revenue in 2030 | USD 592.5 million |
| Growth rate | 16% (CAGR from 2023 to 2030) |
| Largest segment | Pneumococcal conjugate vaccine |
| Fastest growing segment | Pneumococcal Conjugate Vaccine |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 2.6% of the global pneumococcal vaccine market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 379.2 million by 2030.
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Pneumococcal Vaccine Market Scope
Pneumococcal Vaccine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 92.82% in 2023. Horizon Databook has segmented the Latin America pneumococcal vaccine market based on pneumococcal conjugate vaccine, pneumococcal polysaccharide vaccine covering the revenue growth of each sub-segment from 2018 to 2030.
In the Latin America pneumococcal vaccine market, there is a growing demand for vaccines to prevent pneumococcal diseases such as pneumonia, meningitis, and bacteremia. Governments across the region are increasingly investing in vaccination programs to reduce the burden of these diseases, especially among vulnerable populations like children, the elderly, and individuals with underlying health conditions.
One of the leading players in the Latin America pneumococcal vaccine market is Pfizer, which offers the Prevenar 13 vaccine. This vaccine has been widely used in the region and is trusted by healthcare professionals and parents for its efficacy in preventing pneumococcal infections.
However, Pfizer faces competition from other vaccine manufacturers, both domestic and international, who offer alternative pneumococcal vaccines in the Latin American market. These companies provide consumers with a range of options based on factors such as cost, availability, and efficacy.
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Target buyers of Latin America 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 continent-level data and insights on the Latin America pneumococcal vaccine market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America pneumococcal vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America pneumococcal vaccine market size, by country, 2018-2030 (US$M)
Latin America Pneumococcal Vaccine Market Share, 2023 & 2030 (US$M)
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