South Africa Vaccine Market Size & Outlook, 2023-2030
South Africa vaccine market, 2018-2030 (US$M)
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South Africa vaccine market highlights
- The South Africa vaccine market generated a revenue of USD 887.2 million in 2023 and is expected to reach USD 1,207.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.5% 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 887.2 million |
| Market revenue in 2030 | USD 1,207.1 million |
| Growth rate | 4.5% (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, South Africa accounted for 1.2% 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 Middle East & Africa, South Africa vaccine market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 483.1 million by 2030.
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Vaccine Market Scope
Vaccine Market Companies
| Name | Profile | # Employees | HQ | Website |
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South 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 South 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.
Human (seasonal) influenza viruses are regarded as a global public health threat, causing significant morbidity and mortality in low- & middle-income countries each year, with sub-Saharan Africa witnessing high mortality rates.
The high prevalence of comorbidities in South Africa, such as HIV, tuberculosis, and other noncommunicable chronic diseases, which are associated with an increased risk of severe influenza, intensifies the health & economic burden of seasonal influenza.
This initiative, aimed at promoting South Africa's COVID-19 vaccination campaign, will assist the government in effectively managing the pandemic, especially as the country confronts its fifth wave. Furthermore, the project seeks to empower the GoSA to enhance its health system through the creation of a fiscal room and the establishment of financial & institutional sustainability.
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Target buyers of South Africa 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 South Africa vaccine market , including forecasts for subscribers. This country databook contains high-level insights into South Africa vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa vaccine market size, by type, 2018-2030 (US$M)
South Africa Vaccine Market Outlook Share, 2023 & 2030 (US$M)
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