Brazil Vaccine Market Size & Outlook, 2023-2030
Brazil vaccine market, 2018-2030 (US$M)
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Brazil vaccine market highlights
- The Brazil vaccine market generated a revenue of USD 1,370.5 million in 2023 and is expected to reach USD 1,860.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.5% 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 1,370.5 million |
| Market revenue in 2030 | USD 1,860.2 million |
| Growth rate | 4.5% (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, Brazil accounted for 1.8% 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 |
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Brazil 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 Brazil 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.
In LATAM, Brazil has the largest population. Thus, the influenza incidence in the country is high, which leads to an increased demand for vaccines. According to the WHO, since 2020, Brazil reported a high number of influenza A infection cases.
This rising prevalence is compelling vaccine manufacturers to investigate potential candidates for managing the condition. For instance, in May 2022, Blue Water Vaccines, Inc. collaborated with Instituto Butantan for the development of BMV-101, a universal influenza vaccine candidate.
Through this collaboration, the company will improve vaccine-based adjuvant formulations and novel cell culture-based vaccine formulations. In addition, supportive government initiatives to promote vaccine supply and uptake in the country are expected to fuel the market growth.
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Target buyers of Brazil 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 country-level data and insights on the Brazil vaccine market , including forecasts for subscribers. This country databook contains high-level insights into Brazil vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil vaccine market size, by type, 2018-2030 (US$M)
Brazil Vaccine Market Outlook Share, 2023 & 2030 (US$M)
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