Global Vaccine Market Size & Outlook, 2023-2030

The vaccine industry worldwide is expected to reach a projected revenue of US$ 110,538.2 million by 2030. A compound annual growth rate of 5.5% is expected of the worldwide vaccine industry from 2024 to 2030.
Revenue, 2023 (US$M)
$76,077.8
Forecast, 2030 (US$M)
$110,538.2
CAGR, 2024 - 2030
5.5%
Report Coverage
Worldwide

Global vaccine market highlights

  • The global vaccine market generated a revenue of USD 76,077.8 million in 2023 and is expected to reach USD 110,538.2 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 5.5% by 2030.
  • In terms of segment, subunit vaccines accounted for a revenue of USD 25,958.5 million in 2023.
  • Subunit Vaccines is the most lucrative type segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.
  • Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 76,077.8 million
Market revenue in 2030USD 110,538.2 million
Growth rate5.5% (CAGR from 2023 to 2030)
Largest segmentSubunit vaccines
Fastest growing segmentSubunit Vaccines
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSubunit Vaccines, Inactivated, Live Attenuated, MRNA vaccines, Viral vector vaccines

Other key industry trends

  • In terms of revenue, the North America accounted for 29.3% of the global vaccine market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Japan is the fastest growing regional market and is projected to reach USD 4,458.8 million by 2030.

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Vaccine Market Companies

Name Profile # Employees HQ Website

Global 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 vaccine market will help companies and investors design strategic landscapes.


Subunit vaccines was the largest segment with a revenue share of 34.12% in 2023. Horizon Databook has segmented the Global vaccine market based on subunit vaccines, inactivated, live attenuated, mrna vaccines, viral vector vaccines covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Vaccine Type Outlook (Revenue, USD Million, 2018-2030)
    • Subunit Vaccines
      • Recombinant vaccines
      • Conjugate Vaccines
      • Toxoid vaccines
    • Inactivated
    • Live Attenuated
    • mRNA vaccines
    • Viral vector vaccines
  • Global Vaccine Route of Administration Outlook (Revenue, USD Million, 2018-2030)
    • Oral
    • Parenteral
    • Nasal
  • Global Vaccine Disease Indication Outlook (Revenue, USD Million, 2018-2030)
    • Viral Diseases
      • Hepatitis
      • Influenza
      • HPV
      • MMR
      • Rotavirus
      • Herpes Zoster
      • Covid-19
      • Others
    • Bacterial Diseases
      • Meningococcal Diseases
      • Pneumonococal diseases
      • DPT
    • Cancer Vaccines
    • Allergy Vaccines
  • Global Vaccine Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
    • Hospital & Retail Pharmacies
    • Government Suppliers
    • Others
  • Global Vaccine Age Group Outlook (Revenue, USD Million, 2018-2030)
    • Adult
    • Pediatric

Reasons to subscribe to Global vaccine market databook:

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Target buyers of Global vaccine market databook

  • Our clientele includes a mix of 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 global-level data and insights on the Global vaccine market , including forecasts for subscribers. This global databook contains high-level insights into Global vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global vaccine market size, by regions, 2018-2030 (US$M)

Top 10 countries: Vaccine market size, 2023 (US$M)

Global vaccine market share, by type, 2023 & 2030 (%, US$M)

Vaccine market: Opportunity assessment by country

Global vaccine market, by region, 2023 (US$M)

Global vaccine market size, by regions, 2018-2030 (US$M)

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