Italy Vaccine Market Size & Outlook, 2023-2030
Italy vaccine market, 2018-2030 (US$M)
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Italy vaccine market highlights
- The Italy vaccine market generated a revenue of USD 2,177.6 million in 2023 and is expected to reach USD 2,815.7 million by 2030.
- The Italy market is expected to grow at a CAGR of 3.7% 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 2,177.6 million |
| Market revenue in 2030 | USD 2,815.7 million |
| Growth rate | 3.7% (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, Italy accounted for 2.9% 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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Italy 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 Italy 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.
Increasing R&D investments and continuous research by scientists have boosted the demand for novel vaccines in Italy. In addition, the increasing prevalence of seasonal flu & influenza in the country and continuous strategic initiatives being implemented by regional players to provide innovative solutions are expected to support the market growth.
For instance, in April 2021, Italy’s Farmindustira identified several Italian companies ready for the bottling of vaccines, and four of those can activate bioreactors for vaccine production. The bioreactor activation can provide a better chance to boost the vaccine supply in the country.
In addition, in July 2021, Catalent announced plans for a USD 100 million expansion of its plant in Italy to meet the increasing demand for vaccines in the country. Thus, the abovementioned factors are expected to create robust growth opportunities for the market in the coming years.
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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 Italy vaccine market , including forecasts for subscribers. This country databook contains high-level insights into Italy vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy vaccine market size, by type, 2018-2030 (US$M)
Italy Vaccine Market Outlook Share, 2023 & 2030 (US$M)
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