Canada Vaccine Market Size & Outlook, 2023-2030
Canada vaccine market, 2018-2030 (US$M)
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Canada vaccine market highlights
- The Canada vaccine market generated a revenue of USD 2,338.8 million in 2023 and is expected to reach USD 3,922.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.7% 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.
Vaccine market data book summary
| Market revenue in 2023 | USD 2,338.8 million |
| Market revenue in 2030 | USD 3,922.0 million |
| Growth rate | 7.7% (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, Canada accounted for 3.1% 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 North America, U.S. vaccine market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 38,573.6 million by 2030.
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Vaccine Market Scope
Vaccine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 Canada 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.
Canada is anticipated to witness exponential growth opportunities owing to high disease burden of influenza and increasing awareness of vaccination among the population. According to data published by Health Canada, 16,126 laboratory-confirmed influenza cases were reported during the 2021–2022 influenza season.
Thus, the high burden of the disease is compelling government bodies to implement certain initiatives to combat influenza. For instance, in July 2022, the government of Manitoba, Canada, announced an expansion of eligibility for the high-dose influenza vaccine to include adults aged 65 and above for enhanced protection from a life-threatening infection.
Moreover, recent product approvals and ongoing partnerships between market players & governments to increase vaccine supply are propelling the market growth. For instance, in July 2022, GSK plc signed an agreement with the Canadian government for seasonal and pandemic influenza vaccines to help protect Canadian children.
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Target buyers of Canada 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 Canada vaccine market , including forecasts for subscribers. This country databook contains high-level insights into Canada vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada vaccine market size, by type, 2018-2030 (US$M)
Canada Vaccine Market Outlook Share, 2023 & 2030 (US$M)
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