Global Vaccine Market Size & Outlook, 2023-2030
Global vaccine market, 2018-2030 (US$M)
Related Markets
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 2023 | USD 76,077.8 million |
| Market revenue in 2030 | USD 110,538.2 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Subunit vaccines |
| Fastest growing segment | Subunit Vaccines |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Subunit 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 Scope
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
- Subunit 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
- Viral Diseases
- 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
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Target buyers of Global vaccine market databook
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Our clientele includes a mix of 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 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)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 13,078.7 | 16,149.7 | 16,577.3 | 33,990.7 | 29,753.9 | 22,277.5 | 26,161.0 | 29,356.7 | 32,073.6 | 34,425.2 | 36,902.3 | 39,480.6 | 42,495.5 | 9.7% |
| Europe | 8,832.1 | 10,316.4 | 10,732.7 | 43,474.9 | 34,578.2 | 22,706.1 | 23,030.7 | 23,633.9 | 24,512.5 | 25,689.8 | 27,086.7 | 28,780.2 | 30,676.8 | 4.4% |
| Asia Pacific | 6,139.3 | 7,275.6 | 7,445.5 | 48,967.5 | 37,982.6 | 23,478.2 | 21,927.4 | 21,252.5 | 21,338.6 | 22,158.6 | 23,341.3 | 24,814.8 | 26,501.6 | 1.8% |
| Latin America | 1,888.3 | 2,221.7 | 2,236.1 | 8,306.9 | 6,541.4 | 4,255.0 | 4,398.9 | 4,595.3 | 4,825.6 | 5,063.7 | 5,320.3 | 5,647.8 | 6,010.9 | 5.1% |
| MEA | 1,739.0 | 2,036.6 | 2,008.4 | 6,260.0 | 5,023.2 | 3,361.1 | 3,567.4 | 3,779.2 | 3,984.6 | 4,167.5 | 4,352.8 | 4,592.3 | 4,853.3 | 5.4% |
| Overall | 31,677.5 | 38,000.0 | 39,000.0 | 141,000.0 | 113,879.4 | 76,077.8 | 79,085.4 | 82,617.6 | 86,734.9 | 91,504.8 | 97,003.4 | 103,315.8 | 110,538.1 | 5.5% |
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