Japan Vaccine Market Size & Outlook, 2023-2030
Japan vaccine market, 2018-2030 (US$M)
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Japan vaccine market highlights
- The Japan vaccine market generated a revenue of USD 4,361.0 million in 2023 and is expected to reach USD 4,458.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 0.3% 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 4,361.0 million |
| Market revenue in 2030 | USD 4,458.8 million |
| Growth rate | 0.3% (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, Japan accounted for 5.7% 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 Asia Pacific, China vaccine market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,363.6 million by 2030.
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Vaccine Market Scope
Vaccine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 Japan 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.
Japan is one of the most technologically advanced countries in Asia Pacific. Its influenza vaccine market is expected to grow rapidly over the forecast period owing to high government spending for reducing the flu burden.
Multiple initiatives, such as government grants to various research institutes and companies, can help develop practical solutions for the influenza burden in the country. In October 2022, Japan announced an investment of USD 2 billion in a research initiative to boost vaccine R&D in the country.
Similarly, in October 2022, the Government of Japan started preparations against flu and COVID-19. As per these preparations, the government recommends people get vaccinated against the flu if they notice any symptoms. Furthermore, several organic and inorganic initiatives undertaken by leading participants to strengthen their presence are driving the country’s market.
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Target buyers of Japan 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 Japan vaccine market , including forecasts for subscribers. This country databook contains high-level insights into Japan vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan vaccine market size, by type, 2018-2030 (US$M)
Japan Vaccine Market Outlook Share, 2023 & 2030 (US$M)
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