Global Preventable Vaccines Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type of Vaccine;
Live Attenuated Vaccine, Killed Vaccine, Toxoid Vaccine and Genetically Modified/Engineered Vaccine.By Product Type;
Polysaccharide Vaccines and Conjugate Vaccines.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Preventable Vaccines Market (USD Million), 2021 - 2031
In the year 2024, the Global Preventable Vaccines Market was valued at USD 72,761.05 million. The size of this market is expected to increase to USD 104,767.19 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.3%.
The global preventable vaccines market represents a critical component of public health efforts worldwide, aimed at preventing the spread of infectious diseases and protecting individuals from vaccine-preventable illnesses. Preventable vaccines are designed to stimulate the body's immune system to produce a protective immune response against specific pathogens, thereby reducing the risk of infection, transmission, and associated morbidity and mortality. These vaccines have played a pivotal role in controlling and eradicating diseases such as polio, measles, hepatitis, influenza, and human papillomavirus (HPV), contributing to significant advancements in global health outcomes.
The demand for preventable vaccines is driven by several factors, including increasing awareness about the importance of immunization, government-led vaccination programs, advancements in vaccine technology, and expanding access to healthcare services. Vaccination campaigns and public health initiatives aimed at promoting routine immunization, particularly among children and vulnerable populations, have led to widespread vaccine uptake and contributed to the reduction of vaccine-preventable diseases globally.
The global preventable vaccines market is characterized by a diverse portfolio of vaccines targeting various infectious agents, including bacteria, viruses, and other pathogens. These vaccines are administered through different routes, such as intramuscular injection, oral administration, or nasal spray, depending on the vaccine type and target population. Moreover, ongoing research and development efforts in vaccine development, formulation, and delivery technologies continue to drive innovation and expand the reach of preventive vaccination programs worldwide.
The market for preventable vaccines exhibits variations influenced by factors such as disease prevalence, vaccination coverage rates, healthcare infrastructure, and government policies. Developed regions such as North America and Europe lead in terms of vaccine research, production, and consumption, supported by robust healthcare systems, high vaccination coverage rates, and strong regulatory frameworks. However, emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa present significant growth opportunities, driven by increasing investments in healthcare infrastructure, rising disposable incomes, and expanding immunization programs.
The global preventable vaccines market plays a crucial role in protecting individuals and communities from infectious diseases, contributing to improved health outcomes, reduced healthcare costs, and enhanced quality of life worldwide. With ongoing efforts to develop new vaccines, improve vaccine accessibility and affordability, and strengthen immunization infrastructure, the market is poised for continued growth, driving progress towards the global health agenda of disease prevention and control.
Global Preventable Vaccines Market Recent Developments
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In May 2023, GSK plc, received US FDA approval for Arexvy (respiratory syncytial virus vaccine, adjuvanted) for the prevention of lower respiratory tract disease (LRTD) caused by respiratory syncytial virus (RSV) in individuals 60 years of age and older.
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In August 2023, Pfizer Inc., received US FDA approval for ABRYSVO (Respiratory Syncytial Virus Vaccine) for the prevention of LRTD and severe LRTD caused by RSV in infants from birth up to six months of age by active immunization of pregnant individuals at 32 through 36 weeks gestational age.
Segment Analysis
The global preventable vaccines market, spanning the timeline from 2020 to 2030, is segmented based on the type of vaccine, product type, and geographical region. This segmentation offers a comprehensive understanding of the market dynamics, vaccine categories, and regional trends shaping the industry's landscape.
Segmentation by type of vaccine includes Live Attenuated Vaccine, Killed Vaccine, Toxoid Vaccine, and Genetically Modified/Engineered Vaccine. Live attenuated vaccines contain weakened forms of pathogens that stimulate the immune system without causing disease, while killed vaccines use inactivated pathogens to induce immunity. Toxoid vaccines target bacterial toxins, while genetically modified/engineered vaccines employ recombinant DNA technology to produce antigens.
Further segmentation by product type distinguishes between Polysaccharide Vaccines and Conjugate Vaccines. Polysaccharide vaccines utilize polysaccharide antigens derived from bacterial capsules or cell walls to elicit immune responses, whereas conjugate vaccines combine polysaccharide antigens with carrier proteins to enhance immunogenicity, particularly in infants and young children.
Geographical segmentation encompasses North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America and Europe lead in vaccine research, production, and consumption, driven by robust healthcare systems and high vaccination coverage rates. Asia Pacific presents significant growth opportunities, fueled by rising healthcare expenditures, increasing immunization programs, and expanding access to vaccines. The Middle East and Africa, along with Latin America, offer untapped potential for market expansion, supported by improving healthcare infrastructure and growing government investments in public health initiatives.
The forecast period from 2020 to 2030 reflects the evolving landscape of the preventable vaccines market, characterized by advancements in vaccine technology, shifting disease epidemiology, and efforts to address global health challenges. With continued research and development, strategic investments in vaccine manufacturing capacity, and collaborative partnerships between stakeholders, the market is poised for growth and innovation in the coming decade. Effective vaccine distribution networks, regulatory frameworks, and public health interventions will be crucial in ensuring equitable access to vaccines and achieving global immunization goals.
Global Preventable Vaccines Segment Analysis
In this report, the global preventable vaccines market has been segmented by type of vaccine, product type and geography.
Global Preventable Vaccines Market, Segmentation by Type of Vaccine
The Global Preventable Vaccines Market has been segmented by Type of Vaccine into Live Attenuated Vaccine, Killed Vaccine, Toxoid Vaccine and Genetically Modified/Engineered Vaccine.
These categories represent distinct vaccine formulations tailored to prevent a wide array of infectious diseases and pathogens. Live attenuated vaccines contain weakened forms of the disease-causing microorganism, which stimulate a robust immune response without causing illness. Examples include the measles, mumps, and rubella (MMR) vaccine, and the oral polio vaccine (OPV). These vaccines are highly effective in conferring long-lasting immunity and often require fewer doses for protection.
In contrast, Killed Vaccines contain inactivated or killed forms of the targeted pathogen, rendering them incapable of causing disease. These vaccines stimulate an immune response against the specific antigens present on the surface of the pathogen, providing protection against subsequent infections. Common examples include the influenza vaccine, hepatitis A vaccine, and the injectable polio vaccine (IPV). Killed vaccines are typically safe for use in immunocompromised individuals and pregnant women, although they may require booster doses to maintain immunity.
Toxoid vaccines are derived from bacterial toxins that have been chemically detoxified or rendered non-toxic. These vaccines induce immunity against the harmful effects of bacterial toxins rather than the bacteria itself. Examples include the tetanus toxoid vaccine and the diphtheria toxoid vaccine, which protect against tetanus and diphtheria, respectively. Toxoid vaccines are essential for preventing diseases caused by bacterial toxins and are often administered in combination with other vaccines as part of routine immunization schedules.
Genetically Modified/Engineered Vaccines represent a newer category of vaccines developed through genetic engineering techniques. These vaccines utilize recombinant DNA technology to introduce specific genes or genetic material from the target pathogen into a harmless carrier organism, such as a virus or bacterium. This approach allows for the production of vaccines that mimic the structure of the target pathogen, eliciting a potent immune response. Examples include the human papillomavirus (HPV) vaccine, recombinant hepatitis B vaccine, and mRNA COVID-19 vaccines. Genetically modified vaccines offer advantages in terms of safety, efficacy, and scalability and hold promise for preventing a wide range of infectious diseases.
Global Preventable Vaccines Market, Segmentation by Product Type
The Global Preventable Vaccines Market has been segmented by Product Type into Polysaccharide Vaccines and Conjugate Vaccines.
These segments represent critical components of preventive healthcare, aimed at combating infectious diseases through vaccination. Polysaccharide vaccines are formulated using polysaccharide antigens derived from the cell walls of bacteria, providing immunity against certain bacterial infections. These vaccines typically target diseases such as pneumococcal disease, meningococcal disease, and typhoid fever, offering protection against bacterial pathogens by stimulating the body's immune response.
In contrast, Conjugate Vaccines combine polysaccharide antigens with carrier proteins to enhance the immune response and improve vaccine efficacy. By conjugating polysaccharide antigens to carrier proteins, these vaccines elicit a stronger immune response, particularly in young children and individuals with weakened immune systems. Conjugate vaccines are widely used to prevent diseases such as Haemophilus influenzae type b (Hib), pneumococcal disease, and meningococcal disease, offering broader protection against bacterial infections and reducing the risk of severe complications.
The segmentation of the Global Preventable Vaccines Market into Polysaccharide Vaccines and Conjugate Vaccines reflects the diverse approaches to vaccine development and formulation for preventing infectious diseases. Each product type has unique characteristics, mechanisms of action, and clinical indications, catering to different disease targets and patient populations. Moreover, ongoing research and development efforts in vaccine technology continue to drive innovation in both polysaccharide and conjugate vaccines, leading to advancements in vaccine efficacy, safety, and immunogenicity.
The market for preventable vaccines segmented by product type may exhibit variations in demand, adoption, and regulatory considerations. Factors such as disease burden, healthcare infrastructure, vaccination policies, and funding priorities influence the distribution and uptake of polysaccharide and conjugate vaccines across different regions. Additionally, collaborations between vaccine manufacturers, public health agencies, and non-governmental organizations play a crucial role in promoting vaccine accessibility, affordability, and equitable distribution worldwide.
Global Preventable Vaccines Market, Segmentation by Geography
In this report, the Global Preventable Vaccines Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Preventable Vaccines Market Share (%), by Geographical Region, 2024
The global preventable vaccines market share exhibits diverse distribution across different geographical regions, reflecting variations in healthcare infrastructure, disease prevalence, vaccination coverage, and government policies. North America commands a significant portion of the market share, primarily driven by its advanced healthcare systems, high vaccination rates, and robust immunization programs. Within North America, the United States holds the largest market share, benefiting from extensive vaccine research, development, and distribution networks, as well as government-led initiatives to promote vaccination and public health.
Europe also commands a notable share of the global market for preventable vaccines, with countries like Germany, the United Kingdom, and France contributing significantly. The region's well-established healthcare infrastructure, stringent regulatory standards, and comprehensive vaccination policies contribute to high vaccination coverage rates and market growth. Additionally, collaborations between government agencies, healthcare providers, and pharmaceutical companies facilitate vaccine procurement, distribution, and administration across European countries.
The Asia-Pacific region represents a rapidly growing market for preventable vaccines, fueled by factors such as increasing healthcare expenditures, rising awareness about immunization, and expanding vaccination programs. Countries like China, India, and Japan exhibit substantial market potential, driven by large population bases and government initiatives to expand access to vaccines. Moreover, public-private partnerships, technological advancements in vaccine storage and delivery, and increasing investments in vaccine research and development contribute to market expansion in the Asia-Pacific region.
Latin America and the Middle East & Africa regions, while holding smaller shares of the global market, present opportunities for growth in the preventable vaccines market. In Latin America, improving healthcare infrastructure, rising disposable incomes, and government efforts to strengthen vaccination campaigns contribute to market expansion. Similarly, in the Middle East & Africa, increasing investments in healthcare infrastructure, expanding immunization programs, and growing awareness about the importance of vaccination drive market growth, albeit with challenges related to vaccine access, supply chain logistics, and healthcare disparities.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Preventable Vaccines Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing Awareness and Importance of Immunization
- Expanding Vaccination Programs and Government Initiatives
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Advancements in Vaccine Technology and Research: Continual progress in vaccine technology and research has ignited innovation within the global preventable vaccines market. Emerging vaccine platforms, including mRNA vaccines, viral vector vaccines, and recombinant protein vaccines, have ushered in a new era of vaccine development characterized by enhanced safety, efficacy, and scalability. These novel approaches offer promising advantages over traditional vaccine methods, paving the way for more effective prevention of infectious diseases.
significant investments in vaccine research targeting emerging infectious diseases, pandemic preparedness, and neglected tropical diseases have created opportunities for the expansion of the preventive vaccine portfolio globally. By prioritizing these areas of research, stakeholders aim to address evolving public health challenges and bolster disease prevention efforts on a global scale. This strategic focus on innovation and diversification of preventive vaccines holds immense potential for improving global health outcomes and mitigating the impact of infectious disease outbreaks.
In essence, ongoing advancements in vaccine technology and research underscore a transformative shift in the preventable vaccines market. With the advent of novel vaccine platforms and intensified research efforts, there exists a fertile ground for the development of new vaccines, thereby strengthening disease prevention strategies and bolstering global health resilience against a myriad of infectious threats.
Restraints
- Vaccine Hesitancy and Misinformation
- Logistical Challenges and Vaccine Access
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High Development Costs and Regulatory Hurdles: The significant expenses linked with vaccine research, development, and regulatory approval procedures pose formidable barriers to both market entry and innovation within the global preventable vaccines market. Creating new vaccines necessitates substantial financial investments in conducting preclinical and clinical trials, navigating regulatory submissions, and implementing large-scale manufacturing processes. Furthermore, the stringent regulatory criteria, prolonged approval timelines, and stringent safety standards associated with vaccines introduce considerable complexity and uncertainty into the development process. These factors collectively dissuade certain companies from committing resources to vaccine research and development endeavors.
The formidable costs associated with vaccine research, development, and regulatory approval processes present considerable obstacles to market entry and innovation within the global preventable vaccines sector. The creation of novel vaccines entails substantial financial commitments to conduct preclinical and clinical trials, manage regulatory submissions, and establish large-scale manufacturing capabilities. Additionally, the stringent regulatory requirements, extended approval timelines, and rigorous safety standards associated with vaccines contribute to the complexity and uncertainty of the development process. Consequently, some companies are deterred from investing in vaccine research and development endeavors due to these challenges.
The significant financial burdens linked with vaccine research, development, and regulatory approval processes act as substantial impediments to market entry and innovation in the global preventable vaccines industry. The creation of new vaccines necessitates extensive investments in conducting preclinical and clinical trials, navigating regulatory submissions, and scaling up manufacturing operations. Moreover, the stringent regulatory requirements, protracted approval timelines, and rigorous safety standards inherent in vaccine development contribute to the intricacies and uncertainties of the process. As a result, certain companies may be discouraged from allocating resources toward vaccine research and development initiatives.
Opportunities
- Expansion of Immunization Coverage and Access
- Pandemic Preparedness and Emerging Infectious Diseases
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Investment in Vaccine Innovation and Product Pipeline: Investing in vaccine innovation, research, and development pipelines presents a pivotal opportunity to tackle unmet medical needs, broaden vaccine coverage, and enhance the efficacy and safety profiles of vaccines. Through collaborative partnerships involving academia, industry, and government organizations, the translation of scientific breakthroughs into novel vaccine candidates becomes feasible. These partnerships foster synergies, allowing for the exploration of a wide spectrum of infectious diseases, spanning neglected tropical diseases, antimicrobial-resistant pathogens, and emerging viral threats. By leveraging collective expertise and resources, the collaborative efforts drive forward the development of vaccines tailored to address diverse global health challenges.
Initiatives aimed at promoting vaccine affordability, accessibility, and equitable distribution contribute significantly to ensuring market sustainability and addressing health disparities worldwide. By implementing strategies to enhance affordability and accessibility, such as tiered pricing models, technology transfer agreements, and capacity-building programs, vaccines become more accessible to marginalized populations and underserved regions. Additionally, initiatives focused on equitable distribution help bridge gaps in vaccine access, ensuring that vulnerable communities receive essential immunization coverage, thus advancing the collective goal of global health equity and social justice.
By fostering collaboration, innovation, and equitable distribution, investment in vaccine research and development not only yields breakthroughs in disease prevention but also fosters a more resilient and inclusive global healthcare landscape. Through concerted efforts to develop effective vaccines, ensure their accessibility, and address health disparities, stakeholders can work towards achieving universal immunization coverage and safeguarding public health on a global scale.
Competitive Landscape Analysis
Key players in Global Preventable Vaccines Market include.
- GlaxoSmithKline
- Merck
- Novartis
- Pfizer
- Sanofi
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type of Vaccine
- Market Snapshot, By Product Type
- Market Snapshot, By Region
- Global Preventable Vaccines Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Awareness and Importance of Immunization
- Expanding Vaccination Programs and Government Initiatives
- Advancements in Vaccine Technology and Research
- Restraints
- Vaccine Hesitancy and Misinformation
- Logistical Challenges and Vaccine Access
- High Development Costs and Regulatory Hurdles
- Opportunities
- Expansion of Immunization Coverage and Access
- Pandemic Preparedness and Emerging Infectious Diseases
- Investment in Vaccine Innovation and Product Pipeline
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Preventable Vaccines Market, By Type of Vaccine, 2021 - 2031 (USD Million)
- Live Attenuated Vaccine
- Killed Vaccine
- Toxoid Vaccine
- Genetically Modified/Engineered Vaccine
- Global Preventable Vaccines Market, By Product Type, 2021 - 2031 (USD Million)
- Polysaccharide Vaccines
- Conjugate Vaccines
- Global Preventable Vaccines Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Preventable Vaccines Market, By Type of Vaccine, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- GlaxoSmithKline
- Merck
- Novartis
- Pfizer
- Sanofi
- Company Profiles
- Analyst Views
- Future Outlook of the Market