Argentina Vaccine Market Size & Outlook, 2023-2030
Argentina vaccine market, 2018-2030 (US$M)
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Argentina vaccine market highlights
- The Argentina vaccine market generated a revenue of USD 364.7 million in 2023 and is expected to reach USD 549.5 million by 2030.
- The Argentina market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, subunit vaccines was the largest revenue generating type in 2023.
- Subunit Vaccines is the most lucrative type segment registering the fastest growth during the forecast period.
Vaccine market data book summary
| Market revenue in 2023 | USD 364.7 million |
| Market revenue in 2030 | USD 549.5 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Subunit vaccines |
| Fastest growing segment | Subunit Vaccines |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Subunit Vaccines, Inactivated, Live Attenuated, MRNA vaccines, Viral vector vaccines |
| Key market players worldwide | Serum Institute of India Pvt. Ltd., CSL Ltd, Sanofi SA, GSK PLC, Merck & Co Inc, Pfizer Inc, Sinovac Biotech Ltd, BioNTech SE ADR, AstraZeneca PLC, Moderna Inc |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.5% of the global vaccine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil vaccine market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 549.5 million by 2030.
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Vaccine Market Scope
Vaccine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina 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 34.11% in 2023. Horizon Databook has segmented the Argentina 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.
Constant developments, such as geographic expansion and new product launches, have contributed to Argentina’s market growth. For instance, in April 2017, Sinergium Biotech, an Argentina-based biopharmaceutical company, announced the establishment of an antigen manufacturing plant in the country.
The newly established facility will help manufacture flu vaccine against the Zika virus and recombinant variants of Zika virus E protein. In addition, pharmaceutical production in Argentina is dominated by local businesses.
Only Sanofi and Bayer, two of the top 10 pharmaceutical companies operating in Argentina, are foreign multinational companies. A considerable degree of saturation exists in this sector, with roughly 20 laboratories accounting for 70% of the total revenue.
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Our clientele includes a mix of vaccine market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina vaccine market , including forecasts for subscribers. This country databook contains high-level insights into Argentina vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina vaccine market size, by type, 2018-2030 (US$M)
Argentina Vaccine Market Outlook Share, 2023 & 2030 (US$M)
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