U.S. Vaccine Market Size & Outlook, 2023-2030
U.S. vaccine market, 2018-2030 (US$M)
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U.S. vaccine market highlights
- The U.S. vaccine market generated a revenue of USD 19,938.6 million in 2023 and is expected to reach USD 38,573.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 9.9% 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 19,938.6 million |
| Market revenue in 2030 | USD 38,573.6 million |
| Growth rate | 9.9% (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, U.S. accounted for 26.2% 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 North America, U.S. vaccine market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 38,573.6 million by 2030.
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Vaccine Market Scope
Vaccine Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 U.S. 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 U.S. accounted for the major revenue share of the vaccine market in 2022. Rapid technological advancements, recent U.S. FDA approvals for influenza vaccine, and intense competition between companies are expected to boost the market over the forecast period.
For instance, in June 2022, CSL Seqirus announced the completion of a USD 156 million expansion at its production facility in the U.S. This expansion is expected to support the formulation of its cell-based influenza vaccines in prefilled syringes.
Furthermore, supportive government initiatives for vaccination and research activities are propelling the country’s market growth. For instance, in June 2021, NIH launched the first-in-human phase I trial for assessing the immunogenicity and safety of the investigational influenza vaccine.
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Target buyers of U.S. 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 U.S. vaccine market , including forecasts for subscribers. This country databook contains high-level insights into U.S. vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. vaccine market size, by type, 2018-2030 (US$M)
U.S. Vaccine Market Outlook Share, 2023 & 2030 (US$M)
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