Asia Pacific Vaccine Market Size & Outlook, 2023-2030
Asia Pacific vaccine market, 2018-2030 (US$M)
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Asia Pacific vaccine market highlights
- The Asia Pacific vaccine market generated a revenue of USD 23,478.2 million in 2023.
- The market is expected to grow at a CAGR of 1.7% 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.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 23,478.2 million |
| Market revenue in 2030 | USD 26,501.6 million |
| Growth rate | 1.7% (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 |
| 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, Asia Pacific region accounted for 30.9% of the global vaccine market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 42,495.5 million by 2030.
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Vaccine Market Scope
Vaccine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 Asia Pacific 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.
The vaccine market in Asia Pacific is expected to grow at the fastest rate over the forecast period due to various factors, including improving healthcare reforms. Some of the other factors contributing to market growth are increasing geriatric population, improving healthcare infrastructure, and the entry of new players.
Some of the major players operating in Asia Pacific market are GSK plc, AstraZeneca, Sanofi, and Serum Institute of India (SII). In addition, owing to the region’s large population, the rate of influenza transmission is also higher. For instance, according to the Singapore Ministry of Health, the country has a higher burden of respiratory infections such as influenza than other diseases.
The use of international standards set by WHO for production of vaccines in developing economies is expected to drive the market. For instance, the National Regulatory Authority of India and affiliated institutions meet the regulatory guidelines of WHO for vaccines that are imported & exported to other countries.
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Target buyers of Asia Pacific 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 continent-level data and insights on the Asia Pacific vaccine market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific vaccine market size, by country, 2018-2030 (US$M)
Asia Pacific Vaccine Market Outlook Share, 2023 & 2030 (US$M)
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