Preventable Vaccines

Preventable Vaccines

Global Preventable Vaccines Market to Reach US$92.9 Billion by 2030

The global market for Preventable Vaccines estimated at US$85.6 Billion in the year 2023, is expected to reach US$92.9 Billion by 2030, growing at a CAGR of 1.2% over the analysis period 2023-2030. Live / Attenuated Vaccines, one of the segments analyzed in the report, is expected to record a 1.3% CAGR and reach US$34.1 Billion by the end of the analysis period. Growth in the Inactivated Vaccines segment is estimated at 1.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$23.3 Billion While China is Forecast to Grow at 2.1% CAGR

The Preventable Vaccines market in the U.S. is estimated at US$23.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$16.7 Billion by the year 2030 trailing a CAGR of 2.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.6% and 1.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.7% CAGR.

Global Preventable Vaccines Market - Key Trends and Drivers Summarized

Preventable vaccines are essential tools in the global health arsenal, designed to protect individuals and populations from infectious diseases by stimulating the immune system to recognize and fight pathogens effectively. These biological preparations introduce a harmless form of a disease-causing microorganism or one of its components into the body, prompting the immune system to respond and build immunity without causing the actual disease. This mechanism enables the immune system to respond more rapidly and effectively should the individual ever be exposed to the real pathogen. The routine vaccine schedule, which includes immunizations against diseases such as measles, mumps, rubella, diphtheria, and pertussis, is a cornerstone of public health policy worldwide. Vaccination has led to the eradication or significant reduction of many life-threatening diseases and continues to be a critical strategy in preventing outbreaks and epidemics.

The development and distribution of vaccines involve complex research and rigorous testing to ensure safety and efficacy before they are approved for public use. Over the years, vaccine technology has evolved from live-attenuated and inactivated forms to more sophisticated subunit, recombinant, conjugate, and mRNA vaccines. Each type is tailored to fight different pathogens in the most effective way possible, with newer technologies, such as mRNA vaccines, offering rapid development in response to emerging infectious diseases like COVID-19. Furthermore, the advent of vaccine platforms that can be quickly adapted to new pathogens has revolutionized the field, particularly in response to pandemics. Besides human health, vaccines are also crucial in veterinary practices, protecting livestock from diseases and thereby supporting food security and agricultural economies.

The growth in the preventable vaccines market is driven by several factors, including technological advancements in vaccine development, an increase in government and private funding for immunization programs, and a heightened awareness of the importance of vaccinations. Technological innovations have led to more effective and safer vaccines, with developments in adjuvants and delivery systems improving the immune response and reducing side effects. The global expansion of routine immunization programs, supported by international health organizations and governments, has increased the demand for vaccines, especially in underdeveloped and developing regions. Additionally, consumer behavior has shifted significantly in recent years, with a growing preference for preventive healthcare measures, further spurred by the COVID-19 pandemic’s demonstration of the critical role of vaccinations in controlling infectious diseases. The market`s expansion is also facilitated by the rise in travel and migration, which increases the exposure to different pathogens, thereby boosting the need for broader immunization coverage. This dynamic market is expected to continue growing as new vaccine technologies and international health initiatives expand to meet the challenges of existing and emerging infectious diseases.

 

Select Competitors (Total 86 Featured) -

• AstraZeneca PLC
• Bharat Biotech International Ltd.
• Boehringer Ingelheim International GmbH
• Daiichi Sankyo Co., Ltd.
• Emergent BioSolutions, Inc.
• GSK Plc
• Johnson & Johnson Services, Inc.
• Merck & Co., Inc.
• Novartis AG
• Novavax, Inc.
• Pfizer, Inc.
• Roche CustomBiotech
• Sanofi SA
• Serum Institute of India Pvt., Ltd.
• Takeda Pharmaceutical Co., Ltd.;

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