Asia-Pacific Vaccines Market By Technology Type (Inactivated Vaccines, Toxoid Vaccines, Recombinant and Conjugate Vaccines, Live Attenuated Vaccines, Others) , By Indication (Pneumococcal Disease, Influenza, Human Papilloma Virus, Meningococcal Disease, Rotavirus, Varicella, Measles, Mumps, and Rubella, Diphtheria, Pertussis, and Tetanus (DTP) , Polio, Hepatitis, Other Indications) By End User (Pediatric, Adults, Travelers) : Opportunity Analysis and Industry Forecast, 2024-2033
Asia-Pacific Vaccines Market
The Asia-Pacific vaccines market was valued at $9.8 billion in 2023 and is projected to reach $19.9 billion by 2033, growing at a CAGR of 7.3% from 2024 to 2033.
A vaccine is a biological preparation designed to protect against infectious diseases. It contains whole or specific components of pathogens (viruses, bacteria, or toxins) that stimulate the immune system to initiate a defense without causing illness. Key components of a vaccine include antigens, adjuvants, stabilizers, and preservatives. The different types of vaccines include inactivated, subunit, live attenuated, toxoid, and DNA or mRNA vaccines, each consisting of distinct mechanisms to activate the immune response.
Increase in the incidence and re-emergence of infectious diseases in the region is a key driver of the Asia-Pacific vaccines market. In addition, as the governments of different nations are strengthening their policies of offering certain vaccines free of cost, such as the Universal Immunization Program in India and the Expanded Program on Immunization in China, the Asia-Pacific vaccines market is witnessing significant development. Currently, vaccine manufacturers in Asia-Pacific are focusing on the adoption of AI to accelerate the development timelines and reduce manufacturing costs. The synergy of AI with computational immunology is trending due to the capabilities of ML algorithms to accelerate vaccine discovery through extensive dataset examination and predict immune responses with precision.
However, disruptions in the supply chain of vaccines in remote and underserved areas due to lack of efficient cold chain infrastructure hampers the development of the Asia-Pacific vaccines market. Moreover, rise in the prevalence of disease variants due to frequent mutations in microorganisms is resulting in vaccine ineffectiveness, which is restraining the market growth significantly. On the contrary, as the industry players are shifting their focus toward the development of therapeutic vaccines, the Asia-Pacific vaccines market is poised to witness several remunerative opportunities in the coming years. According to an article published in the Asia Edition of BioSpectrum—an Indian biotech magazine—Asia-Pacific conducted around 46% of global prophylactic vaccine trials and 31% of therapeutic vaccine trials in 2024, emerging as a powerhouse in vaccine development. The robust clinical trial infrastructure of the region highlights the crucial role of the Asia-Pacific vaccines market in shaping the future of global vaccine innovation.
Segment ReviewThe Asia-Pacific vaccines market is segmented into technology type, indication, end user, and region. On the basis of technology type, the market is divided into inactivated vaccines, toxoid vaccines, recombinant & conjugate vaccines, live attenuated vaccines, and others. As per indication, it is categorized into pneumococcal disease; influenza; human papilloma virus; meningococcal disease; rotavirus; varicella; measles, mumps, & rubella, diphtheria, pertussis, & tetanus (DTP); polio; hepatitis; and other indications. By end user, it is classified into pediatric, adults, and travelers. Country wise, it is analyzed across Japan, China, India, Australia, South Korea, and rest of Asia-Pacific.
Key FindingsOn the basis of technology type, the recombinant & conjugate vaccines segment was the highest shareholder in 2023.
Depending on indication, the pneumococcal disease segment held a notable share of the market in 2023.
As per end user, the pediatric segment dominated the market in 2023.
Competition AnalysisThe major players in the Asia-Pacific vaccines market include Chongqing Zhifei Biological Products Co., Ltd., Bharat Biotech, Daiichi Sankyo Company, Limited, Merck & Co., Inc., Sanofi, AstraZeneca, Pfizer, CSL, Serum Institute of India Pvt. Ltd., and Vaxine Pty Ltd. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market
Key Market SegmentsBy Technology TypeInactivated Vaccines
Toxoid Vaccines
Recombinant and Conjugate Vaccines
Live Attenuated Vaccines
Others
By IndicationPneumococcal Disease
Influenza
Human Papilloma Virus
Meningococcal Disease
Rotavirus
Varicella
Measles, Mumps, and Rubella
Diphtheria, Pertussis, and Tetanus (DTP)
Polio
Hepatitis
Other Indications
By End UserPediatric
Adults
Travelers
By CountryJapan
China
India
Australia
South Korea
Rest of Asia-Pacific
Key Market PlayersChongqing Zhifei Biological Products Co., Ltd
Bharat Biotech
Daiichi Sankyo Company, Limited
Merck & Co., Inc.
Sanofi
AstraZeneca
Pfizer
CSL
Serum Institute of India Pvt. Ltd.
Vaxine Pty Ltd