Saudi Arabia Pneumococcal Vaccine Market Size & Outlook
Saudi Arabia pneumococcal vaccine market, 2018-2030 (US$M)
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Saudi Arabia pneumococcal vaccine market highlights
- The Saudi Arabia pneumococcal vaccine market generated a revenue of USD 20.9 million in 2023 and is expected to reach USD 68.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 18.5% 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 20.9 million |
| Market revenue in 2030 | USD 68.4 million |
| Growth rate | 18.5% (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, Saudi Arabia accounted for 0.3% 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 Middle East & Africa, South Africa pneumococcal vaccine market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 37.7 million by 2030.
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Pneumococcal Vaccine Market Scope
Pneumococcal Vaccine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 Saudi Arabia pneumococcal vaccine market based on pneumococcal conjugate vaccine, pneumococcal polysaccharide vaccine covering the revenue growth of each sub-segment from 2018 to 2030.
In Saudi Arabia, the market is also shaped by the government's vaccination policies and procurement strategies. While Saudi Arabia aims to maintain high immunization coverage for various vaccines, including pneumococcal vaccines, the decision-making process regarding procurement can impact market dynamics.
In recent years, there have been discussions about local vaccine manufacturing capabilities and partnerships. The government's initiatives to enhance local production capacities may influence the competitive landscape of the pneumococcal vaccine market.
In addition, international collaborations and technology transfers play a role in the market. For instance, the launch of an mRNA technology transfer hub in South Africa may have implications for vaccine procurement decisions and partnerships in Saudi Arabia.
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Target buyers of Saudi Arabia 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 Saudi Arabia pneumococcal vaccine market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia pneumococcal vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia pneumococcal vaccine market size, by vaccine type, 2018-2030 (US$M)
Saudi Arabia Pneumococcal Vaccine Market Share, 2023 & 2030 (US$M)
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