Market Forecast News: Vaccines Industry to Hit $63.66B by 2030
The report "Vaccines Market by Technology (Conjugate, Recombinant, Inactivated, Live Attenuated, Viral Vector, mRNA), Type (Monovalent, Multivalent), Disease (Pneumococcal, Flu, Hepatitis, MMR, RSV), Route of Administration (IM, SC, Oral)-Global Forecast to 2030", is expected to reach USD 63.66 billion by 2030, up from USD 50.46 billion in 2025, at a CAGR of 4.8% during the forecast period.
Browse 437 market data Tables and 61 Figures spread through 449 Pages and in-depth TOC on "Vaccines Market - Global Forecast to 2030"
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The vaccines market is experiencing steady growth, driven by increasing investment in vaccine development and the continuous introduction of new products that improve availability and access. The rising prevalence of infectious diseases worldwide continues to raise demand for effective prevention, while expanding immunization programs, especially in emerging markets, support increased uptake. Advances in vaccine technology, including mRNA platforms and innovative delivery systems, enable faster and more effective solutions. Strong government support and funding remain crucial, ensuring ongoing research and large-scale immunization efforts. Additionally, the growing opportunities in therapeutic vaccines and a robust development pipeline are expected to further accelerate market growth in the coming years.
The pneumococcal disease accounted for the largest share in the vaccines market by disease indication in 2024.
By disease indication, the vaccines market is divided into pneumococcal disease, influenza, combination vaccines, HPV, meningococcal disease, herpes zoster, rotavirus, MMR, varicella, hepatitis, DTP, polio, RSV, and other disease indications (cancer, COVID-19, dengue, tuberculosis, typhoid, Japanese encephalitis, rabies, yellow fever, and allergies). In 2024, pneumococcal disease held the largest share of the vaccines market by disease indication. This significant share can be attributed to the high global burden of pneumococcal infections, especially among children under five and elderly populations, the widespread use of both pediatric and adult immunization programs, and strong government initiatives supporting routine pneumococcal vaccination in national immunization schedules across several countries. Additionally, continuous development of conjugate and polysaccharide vaccines, along with increasing awareness of pneumonia-related mortality, has strengthened the demand for pneumococcal vaccines globally.
Pediatric vaccines are estimated to register the fastest growth in the global vaccines market by end user during the forecast period of 2025-2030.
Based on end users, the vaccines market is divided into pediatric vaccines and adult vaccines. During the forecast period, pediatric vaccines experienced the fastest growth in the end user vaccines market. This rapid growth can be attributed to the high prevalence of infectious diseases among children, the inclusion of multiple pediatric vaccines in national immunization programs, and strong global initiatives led by organizations such as WHO, UNICEF, and Gavi to expand childhood vaccination coverage. Additionally, the growing introduction of combination vaccines that reduce the number of injections, rising awareness among parents about the importance of early immunization, and increasing investments by governments and private players in pediatric immunization campaigns are further driving this segment's growth.
The North America region accounted for the largest share of the vaccines market in 2024.
The vaccines market is divided into North America, Europe, Asia Pacific (APAC), Latin America (LATAM), the Middle East, and Africa. In 2024, North America held the largest share of the global vaccines market, thanks to its strong healthcare infrastructure, robust government immunization programs, high adoption of advanced vaccine technologies like mRNA and recombinant platforms, and the presence of leading vaccine manufacturers. Additionally, substantial R&D investments, favorable reimbursement policies, and widespread public awareness campaigns on immunization further solidified the region’s dominance. The increasing demand for both pediatric and adult vaccines, along with strong regulatory support and funding for pandemic preparedness, has also reinforced North America’s leadership in the global market.
Key players in the vaccines market include Merck & Co., Inc. (US), GSK Plc (UK), Pfizer, Inc. (US), Sanofi (France), AstraZeneca (UK), Johnson & Johnson Services Inc. (US), Emergent (US), Mitsubishi Tanabe Pharma Corporation (Japan), Serum Institute of India Pvt. Ltd (India), and CSL (Australia), among others.
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