Spain Vaccine Market Size & Outlook, 2023-2030

The vaccine market in Spain is expected to reach a projected revenue of US$ 2,498.0 million by 2030. A compound annual growth rate of 4.7% is expected of Spain vaccine market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,813.8
Forecast, 2030 (US$M)
$2,498.0
CAGR, 2024 - 2030
4.7%
Report Coverage
Spain

Spain vaccine market highlights

  • The Spain vaccine market generated a revenue of USD 1,813.8 million in 2023 and is expected to reach USD 2,498.0 million by 2030.
  • The Spain market is expected to grow at a CAGR of 4.7% 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 2023USD 1,813.8 million
Market revenue in 2030USD 2,498.0 million
Growth rate4.7% (CAGR from 2023 to 2030)
Largest segmentSubunit vaccines
Fastest growing segmentSubunit Vaccines
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSubunit Vaccines, Inactivated, Live Attenuated, MRNA vaccines, Viral vector vaccines
Key market players worldwideSerum 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, Spain accounted for 2.4% 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 Companies

Name Profile # Employees HQ Website

Spain 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 Spain 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.


The country’s supportive healthcare policies & initiatives to increase public awareness and monitor the disease rate are expected to increase the demand for influenza vaccines in the market.

According to the Global Competitiveness 2020 Report, the World Economic Forum placed Spain as the country with the world's best healthcare system. Key players in the market are adopting strategies, such as collaborations, launch of products, and acquisitions, to maintain their positions in the market.

In Spain, all vaccinations are free under the state health service and are recommended for babies & infants. It also helps explain details about the immunization in children and adult vaccinations for those who are at higher risk.

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Target buyers of Spain vaccine market databook

  • Our clientele includes a mix of vaccine market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 Spain vaccine market , including forecasts for subscribers. This country databook contains high-level insights into Spain vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Spain vaccine market size, by type, 2018-2030 (US$M)

Spain Vaccine Market Outlook Share, 2023 & 2030 (US$M)

Spain vaccine market size, by type, 2018-2030 (US$M)

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