North America Vaccine Market Size & Outlook, 2023-2030
North America vaccine market, 2018-2030 (US$M)
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North America vaccine market highlights
- The North America vaccine market generated a revenue of USD 22,277.5 million in 2023.
- The market is expected to grow at a CAGR of 9.7% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 22,277.5 million |
| Market revenue in 2030 | USD 42,495.5 million |
| Growth rate | 9.7% (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, North America region accounted for 29.3% 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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North America 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 North America 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.
Rapid advancements in biotechnology and healthcare infrastructure propel vaccine research, development, and distribution are the major factors driving the market growth. Government initiatives promoting immunization and heightened awareness post-pandemic drive vaccine adoption.
For instance, the Hepatitis B Foundation strongly supports the updated adult hepatitis B vaccination recommendations from the U.S. Centers for Disease Control and Prevention (CDC). The Foundation is actively coordinating with a panel of experts to facilitate the effective implementation of these guidelines, aiming to enhance vaccination coverage against this dangerous virus among millions of U.S. adults.
Technological innovations facilitate cold chain logistics, ensuring vaccine efficacy. Moreover, collaborations between pharmaceutical giants and research institutions boost market growth. As the region focuses on preventive healthcare and pandemic preparedness, North America vaccine market is expected to expand, driven by innovation, government support, and growing public health consciousness.
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Target buyers of North America 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 continent-level data and insights on the North America vaccine market , including forecasts for subscribers. This continent databook contains high-level insights into North America vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America vaccine market size, by country, 2018-2030 (US$M)
North America Vaccine Market Outlook Share, 2023 & 2030 (US$M)
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