UK Vaccine Market Size & Outlook, 2023-2030
UK vaccine market, 2018-2030 (US$M)
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UK vaccine market highlights
- The UK vaccine market generated a revenue of USD 3,321.7 million in 2023 and is expected to reach USD 4,371.3 million by 2030.
- The UK market is expected to grow at a CAGR of 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.
Vaccine market data book summary
| Market revenue in 2023 | USD 3,321.7 million |
| Market revenue in 2030 | USD 4,371.3 million |
| Growth rate | 4% (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, UK accounted for 4.4% 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 Scope
Vaccine Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 UK 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 vaccine market in the UK is one of the major markets in the region. High vaccine uptake against the flu, better immunization programs, favorable government initiatives, and increased R&D activities in the country are driving the market growth. In addition, the high disease burden and significant government interventions in vaccination programs are some of the factors driving the market.
For instance, in September 2018, Public Health England announced new flu vaccination recommendations for individuals aged more than 65. The authority recommended the adjuvanted trivalent influenza vaccine to people with higher influenza risk.
Moreover, ongoing collaborations between leading participants and governments to maintain a robust vaccine supply are propelling market growth. For instance, in December 2022, Moderna announced its plans to invest in mRNA R&D in the UK and establish a new vaccine development center with a capacity to manufacture up to 250 million vaccines a year.
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Target buyers of UK 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 UK vaccine market , including forecasts for subscribers. This country databook contains high-level insights into UK vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK vaccine market size, by type, 2018-2030 (US$M)
UK Vaccine Market Outlook Share, 2023 & 2030 (US$M)
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