Germany Vaccine Market Size & Outlook, 2023-2030
Germany vaccine market, 2018-2030 (US$M)
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Germany vaccine market highlights
- The Germany vaccine market generated a revenue of USD 4,385.8 million in 2023 and is expected to reach USD 5,722.3 million by 2030.
- The Germany market is expected to grow at a CAGR of 3.9% 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 4,385.8 million |
| Market revenue in 2030 | USD 5,722.3 million |
| Growth rate | 3.9% (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, Germany accounted for 5.8% 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 Europe, Germany vaccine market is projected to lead the regional market in terms of revenue in 2030.
- Denmark is the fastest growing regional market in Europe and is projected to reach USD 320.7 million by 2030.
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Vaccine Market Scope
Vaccine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 Germany 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.
Presence of research institutions and leading vaccine manufacturers is propelling the Germany vaccine market. In addition, a surge in R&D activities and various strategic initiatives undertaken by leading participants are factors propelling market expansion. Moreover, in November 2022, BioNTech SE & Pfizer, Inc. initiated a phase I trial for a single-dose mRNA-based combination vaccine candidate for COVID-19 and influenza.
In addition, in May 2021, Bavarian Nordic A/S established a collaboration with Dynavax Technologies Corporation, a biopharmaceutical firm dedicated to creating and promoting innovative vaccines. This partnership aims to facilitate the marketing and distribution of HEPLISAV B [Hepatitis B Vaccine (Recombinant), Adjuvanted] in Germany.
This proves that Germany is one of the leading research locations, wherein several pharmaceutical & biotechnological companies focus on developing therapies for conditions such as cancer, cardiovascular disorders, & metabolic diseases and applications like drug formulation & development.
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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 Germany vaccine market , including forecasts for subscribers. This country databook contains high-level insights into Germany vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany vaccine market size, by type, 2018-2030 (US$M)
Germany Vaccine Market Outlook Share, 2023 & 2030 (US$M)
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