Empowering Global Health: The Rising Tide of Vaccines - Fortifying Communities, Saving Lives, and Building a Resilient Future Together

The vaccine market is paramount as it is a cornerstone in global public health. Vaccines prevent the spread of infectious diseases, saving lives and reducing healthcare burdens. They are instrumental in controlling and eradicating deadly diseases, fostering community immunity, and mitigating the impact of pandemics. The market's continuous growth reflects advancements in medical science, responding to emerging health threats. Vaccines contribute to economic stability by minimizing healthcare costs associated with treating preventable diseases.

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Data Bridge Market Research analyses the Global Vaccines Market, which is USD 67.57 billion in 2022 and is expected to reach USD 152.39 billion by 2030, at a CAGR of 10.7% during the forecast period 2023 to 2030. Recognizing global health challenges and the threat posed by infectious diseases fuels the demand for vaccines in the market.

Key Findings of the Study

Increasing investments in research and development are expected to drive the market's growth rate

Increasing investments in research and development (R&D) are a critical driver for the vaccine market. The pharmaceutical industry's sustained financial commitment to R&D is pivotal in discovering novel vaccines and enhancing existing ones. Public and private sector collaboration facilitates a synergistic approach, fostering innovation and expediting the development timeline. This investment-driven focus enables the exploration of cutting-edge technologies, ensuring the continuous improvement of vaccine efficacy, safety, and production efficiency.

Report Scope and Market Segmentation

Segment Analysis:

The global vaccines market is segmented on the basis of composition, type, kind, age of administration, diseases, route of administration, end-user and distribution channel.

• On the basis of composition, the global vaccines market is segmented into combination vaccines, and monovaccines
• On the basis of type, the global vaccines market is segmented into subunit, recombinant, polysaccharide, and conjugate vaccines, live-attenuated vaccines, inactivated vaccines, toxoid vaccines, and DNA vaccines
• On the basis of kind, the global vaccines market is segmented into routine vaccine, recommended vaccine, and required vaccine
• On the basis of age of administration, the global vaccines market is segmented into pediatric vaccine, and adult vaccine
• On the basis of diseases, the global vaccines market is segmented into pneumococcal disease, measles, mumps and varicella, DPT, hepatitis, influenza, typhoid, meningococcal, rabies, Japanese encephalitis, yellow fever, and others
• On the basis of route of administration, the global vaccines market is segmented into injectable, oral, and nasal
• On the basis of end-user, the global vaccines market is segmented into community hospitals, hospitals, specialty centres, clinics, and others
• On the basis of distribution channel, the global vaccines market is segmented into hospital pharmacy, retail pharmacy, and online pharmacy

Major Players

Data Bridge Market Research recognizes the following companies as the major global vaccines market players in global vaccines market are Merck & Co., Inc. (U.S.), Pfizer Inc. (U.S.), GSK plc (U.K.), Sanofi (France), Serum Institute of India Pvt. Ltd. (India), AstraZeneca (U.K.), Johnson & Johnson Private Limited (U.S.)

Market Developments

• In 2023, Pfizer and BioNTech achieved a significant milestone with the U.S. Food and Drug Administration (FDA) approving their COVID-19 vaccine for 2023-2024. This marked a pivotal moment in the ongoing efforts to combat the COVID-19 pandemic, as the vaccine had undergone rigorous testing and met the necessary safety and efficacy standards set by the regulatory authorities
• In 2023, Merck announced a groundbreaking development in infectious diseases. The U.S. FDA approved ERVEBO, an Ebola Zaire vaccine, for children 12 months and older. This approval represented a crucial step forward in addressing the ongoing challenges posed by Ebola, particularly in regions where the disease had historically been a significant public health concern
• In 2023, Pfizer announced another noteworthy achievement with the FDA approval of a maternal vaccine designed to prevent the development of lower respiratory tract disease caused by respiratory syncytial virus (RSV) in infants from birth to 6 months. This marked a significant advancement in protecting vulnerable populations, particularly newborns, from RSV-related complications
• In 2021, GlaxoSmithKline plc took a pivotal step in the regulatory process by submitting a Biologics License Application (BLA) to the U.S. FDA for its experimental vaccination PRIORIX. Notably, over 100 nations had already granted licenses for the vaccine, with its initial registration in Germany. This demonstrated a global effort to address public health needs through the approval and distribution of effective vaccines
• In 2020, GlaxoSmithKline plc and Medicago Inc., both subsidiaries of Mitsubishi Tanabe Pharma Corporation, formed a strategic collaboration to develop a plant-based virus-such as particle (VLP) vaccine for COVID-19. This innovative approach leveraged plant-based technology to produce a vaccine, showcasing the pharmaceutical industry's commitment to exploring diverse and sustainable methods for vaccine development during the ongoing pandemic

Regional Analysis

Geographically, the countries covered in the global vaccines market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

As per Data Bridge Market Research analysis:

North America is the dominant region in the global vaccines market during the forecast period 2023-2030

North America's dominant global vaccine market is underpinned by its advanced healthcare infrastructure, the presence of major pharmaceutical players such as Pfizer and Moderna, and a robust regulatory framework exemplified by the FDA and Health Canada. The region's commitment to innovation is evident in the development of pivotal vaccines addressing critical health concerns, offering opportunities for cost reduction and improved supply chain efficiency. Additionally, the well-established logistics networks ensure timely and widespread vaccine distribution, a key factor in responding effectively to public health challenges.

Asia-Pacific is estimated to be the fastest-growing region in the global vaccines market for the forecast period 2023-2030

Asia-Pacific is expected to experience significant growth from 2023 to 2030 due to a rising patient population, increased investments in the healthcare industry, and expanding government support. The region's heightened vulnerability to infectious diseases and a proactive stance from governments and healthcare authorities drive the demand for a diverse range of vaccines. Substantial investments foster technological advancements in vaccine development, while collaborative efforts between public and private sectors facilitate knowledge transfer and resource sharing.

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