The global vaccine market size reached USD 45.20 Billion in 2021 and is expected to register a revenue CAGR of 9.7% during the forecast period, according to latest analysis by Emergen Research. Increase in infectious diseases in developing countries is one of the key factors driving market revenue growth. Global rise in prevalence of infectious illnesses increases healthcare burden on countries and has an impact on their socio-economic growth. In addition, rise in prevalence of infectious diseases, such as malaria, influenza, hepatitis, and HIV/AIDS, is driving revenue growth. Moreover, emergence of drug-resistant microbial strains has hampered efforts to combat infectious illnesses such as pneumonia, cholera, malaria, and diarrhea, among others.
New and existing pricing structures, emerging application areas, and upcoming investment opportunities have also been detailed in the report. Considering the existing market developmental factors, historical events, and the ongoing market trends, the report offers a balanced opinion on the future scenario of the global Vaccine market. The report further studies the projected growth-influencing factors of the market.
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Vaccine Market Competitive Outlook:
Pfizer, Inc., CSL Limited, GlaxoSmithKline Ltd., Merck Co., Johnson Johnson, Serum Institute of India Pvt., Ltd., AstraZeneca Plc., Sanofi Pasteur SA, Emergent BioSolutions, Inc., and Biological E Limited.Furthermore, the report offers insights into the strategic business decisions undertaken by the key players to gain substantial market size and a leading global position. It sheds light on their production and manufacturing capacity, market size and share, revenue and gross margins, and business overview to offer a better understanding of the competitive landscape of the Vaccine sector. The report offers a detailed analysis of the industry competition on both regional and global levels.
Some Key Highlights from the Report
The monovalent vaccine segment accounted for a significant revenue share in 2021. Monovalent vaccination is intended to immunize only one microbe and one antigen (for example, measles vaccine). This type of vaccination is preferred for inducing a high immunological response.
The pediatric segment revenue is expected to register a steady growth rate during the forecast period. Increasing attempts by companies to develop effective pediatric vaccinations for prevention of illness is expected to drive pediatric vaccine segment revenue growth.
The recombinant vaccine segment is expected to lead in terms of revenue contribution to the global market over the forecast period. Recombinant vaccines can be easily produced and have lesser risks as compared to other vaccines.
The Asia Pacific market is expected to register a considerably rapid growth rate in the global vaccine market over the forecast period owing to increased vaccine awareness and immunization initiatives. Rising cases of severe infectious diseases including novel coronavirus disease and growing demand for COVID-19 vaccines are driving market growth in this region.
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Vaccine Market Segmentation
Emergen Research has segmented the vaccine market based on type, patient type, disease, technology, and region:
Type Outlook (Revenue, USD Billion; 2019–2030)
Monovalent Vaccine
Multivalent Vaccine
Patient Type Outlook (Revenue, USD Billion; 2019–2030)
Adult
Pediatric
Disease Outlook (Revenue, USD Billion; 2019–2030)
Human Papillomavirus (HPV)
Pneumococcal Diseases
Hepatitis
Influenza
Diphtheria, Tetanus, Pertussis (DTP)
Polio
Covid-19
Herpes Zoster
Rotavirus
Varicella
Meningococcal Disease
Others
Technology Outlook (Revenue, USD Billion; 2019–2030)
Conjugate Vaccines
Inactivated Subunit Vaccines
Live Attenuated Vaccines
Recombinant Vaccines
Toxoid Vaccines
Viral Vector Vaccines
Covid-19 vaccines
Covaxin
Covidshield
Sputnik Light Vaccine
Corbevax Vaccine
Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the report provides a qualitative and quantitative analysis of the Global Vaccine market, including the global and regional analysis of the market. The study covers critical information and factual data about the Vaccine market industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Vaccine market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Vaccine market industry.
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