Middle East & Africa Vaccine Market Size & Outlook
Middle East & Africa vaccine market, 2018-2030 (US$M)
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MEA vaccine market highlights
- The MEA vaccine market generated a revenue of USD 3,361.0 million in 2023.
- The market is expected to grow at a CAGR of 5.4% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 3,361.0 million |
| Market revenue in 2030 | USD 4,853.2 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Subunit vaccines |
| Fastest growing segment | Subunit Vaccines |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 4.4% of the global vaccine market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 42,495.5 million by 2030.
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Vaccine Market Scope
Vaccine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 Middle East & Africa 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.
Major markets in the MEA region include South Africa, Saudi Arabia, the UAE, and Kuwait. Economic development witnessed in emerging markets, such as South Africa, highly unmet healthcare needs, and high prevalence of diseases are some of the primary drivers of the market. Moreover, the increased prevalence of flu and the risk of seasonal influenza are propelling the market growth in the region.
Influenza vaccination can help prevent influenza-related illness, even in people who are at high risk of developing severe complications from the virus. This propelled many organizations, such as WHO, the Agency of Preventive Medicine, and Ministry of Health in Africa, to collaborate for monitoring & evaluating the occurrence of influenza among the population and initiate vaccination programs in the region.
In addition, an increase in government initiatives and a rise in partnerships between key players and healthcare providers are anticipated to boost the market over the forecast period. Furthermore, the increased death rate due to influenza infection is driving the need for the development of vaccines to prevent such conditions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa vaccine market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA vaccine market size, by country, 2018-2030 (US$M)
Middle East & Africa Vaccine Market Outlook Share, 2023 & 2030 (US$M)
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