Share on

Global Preventive Vaccines Market Size, Share, Trends, COVID-19 impact, Growth Analysis Report - Segmented By Vaccine Type (Live, Attenuated Vaccines, Inactivated Vaccines, Toxoid Vaccines, Subunit Vaccines, Conjugate Vaccines, DNA Vaccines, and Recombinant Vector Vaccines), End User and Region - Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 135
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Preventive Vaccines Market Size (2022 to 2027)

As public healthcare-focused organizations strive to improve vaccination coverage, we expect the market to grow at a CAGR of 12.74% from 2022 to 2027. The global preventive vaccines market size is estimated to be USD 78.93 billion by 2027 from USD 43.34 billion in 2022.

Although vaccines were solely responsible for the global eradication of small polio, several vaccine-preventable diseases, such as measles and mumps, are still a threat. COVID-19 has been recently added to the list.

The vaccine market accounts for only 5% of the global pharmaceuticals market. However, recently there has been substantial growth owing to the rising incidences of cancer & HIV cases. Nevertheless, there has been rapid growth over recent years, with the vaccine market magnifying in value from USD 5 billion in 2000 to almost USD 25 billion in 2013. World Health Organization (WHO) growth estimations indicate the market may increase in value to nearly 60 billion in 2020, with the arrival of new therapeutic, preventive, and adult vaccines.

Current Industry Scenario:

The global Preventive Vaccines Market is different from any other product market. Compared to the pharmaceutical market, it is relatively small, although growing at a fast rate. There are presently close to 120 new vaccines in the pipeline of various multinational companies across the globe set to hit the market in the next few years. The global Preventive Vaccines Market is relatively concentrated on both the supply and demand sides. It is highly regulated and mostly dependent on public purchasers and donor policies. It has very distinct features that increase the complexity of assessing and understanding pricing and procurement in their context.

  • Over 200+ vaccines are presently being evaluated in the clinical stages of development.
  • Foreseeing a lucrative growth in this domain, several private and public investors have invested over USD 10 billion in vaccine development initiatives across 175 countries from 2015 to 2020.

MARKET DRIVERS:

The growing infectious disease burden is expected to contribute significantly to the growth of the Preventive Vaccines Market.

  • The concept of vaccination has dramatically reduced the mortality, morbidity, and complications associated with a wide range of infectious diseases.
  • More than 1400 clinical trials evaluate various types of preventive vaccines have been registered, indicating the rapid pace of development in this field.
  • Over 1.5 Million children under the age of 5 love their lives to vaccine-preventable diseases every year.
  • By WHO, more than 1400 epidemic events tracked in 172 countries between 2011 and 2018.
  • Approximate 3 million deaths are preventable with effective immunizations every year.  

Growing investments by the key market players and increasing funding from the governments for vaccine developments propel global market growth.

Furthermore, the rising prevalence of the disease, technological advancements to decrease the new vaccine development time, and initiatives by NGOs also contribute well to the Preventive Vaccines Market growth. 

MARKET RESTRAINTS:

However, massive capital expenditures and stringent regulatory policies, high costs associated with treatment are few factors inhibiting the growth of the global Preventive Vaccines Market. The lack of skilled and efficient labor required for manufacturing the vaccine among the pharmaceutical and biotechnology companies is to curb the market growth rate. The high cost of the raw materials required in the laboratories to develop a vaccine impedes the market demand. 

Impact of COVID-19 on the global preventive vaccines market:

World Health Organization has announced COVID-19 as an emergency health issue. The COVID-19 has positive vibes in the vaccine market. The World Health Organization (WHO) declared the coronavirus epidemic a public health emergency in January 2020. The COVID-19 pandemic has posed several major problems, impacting public health and economic processes, socio-cultural trends, etc. Many countries are starting to introduce COVID-19 vaccines, bringing the fight against the global pandemic new hope.

Owing to increasing healthcare spending, evolving vaccine technologies, and increased demand for preventive vaccines, especially new COVID-19 vaccines, the market has demand during this pandemic. Scientists worldwide are currently conducting research, sharing knowledge, establishing laboratory capability in developing countries, and establishing global monitoring networks to prevent and monitor their spread by preventive vaccines. The Preventive vaccine industry is positive about the COVID-19. Pharmaceutical and biotechnology firms are working together to develop and manufacture the vaccine. The global preventive vaccines market is expanding due to the growing prevalence of infectious diseases, advanced vaccine research technologies, increased support from government and foreign organizations, and increased awareness about preventive care. Pfizer Inc., Sanofi is among the key companies participating in the development of the COVID-19 vaccine. By considering all these factors, the Preventive Vaccine Market has positive growth due to this pandemic.

The pharmaceutical companies and the biotechnology industries are collaborating to innovate and manufacturing the vaccine. The market key players like Pfizer and BioNTech have made some clinical trials and have produced millions of doses. In the present situation, more research and development activities are being encouraged for COVID-19 vaccines. Scientists and experts are working continuously to develop an effective vaccine in a short period. In October 2020, the FDA approved Veklury (remdesivir), the first drug approved for treating COVID-19 patients. It is intentionally used in adults and children of 12 years and above. Key players involved in the manufacturing of the COVID-19 vaccine are Pfizer Inc., Sanofi, Johnson & Johnson Services Inc. are playing an important role in producing a vaccine for COVID-19. 

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

By Product Type, Application, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

This research report on the global Preventive Vaccines Market has been segmented and sub-segmented based on the product type, application, and region.

Preventive Vaccines Market - By Vaccine Type:

  • Live, Attenuated Vaccines
  • Inactivated Vaccines            
  • Toxoid Vaccines   
  • Subunit Vaccines 
  • Conjugate Vaccines            
  • DNA Vaccines        
  • Recombinant Vector Vaccines

Based on the vaccine type, over 20% of the market share was occupied by Live, Attenuated Vaccines in 2019. Recombinant Vector Vaccines and Conjugate Vaccines were at the second and third position in leading the market shares. An increasing number of people who have cancer and other infectious diseases significantly influence this segment's growth. Increasing expenditure on healthcare, especially in urban areas, is promoting the development of the market. The inactivated vaccines segment is growing at a faster rate for the past few years. The rise in awareness among physicians over the availability of different vaccines for various diseases is gearing up the growth rate of the market.

Preventive Vaccines Market - By End-User:

  • Pediatric Vaccine
    • Pneumococcal
    • MMR
    • Varicella
    • Hepatitis
    • Poliovirus
    • HIB
    • Others
  • Adult Vaccines      
    • Influenza
    • Cervical Cancer
    • Hepatitis
    • Zoster
    • Others

Based on the end-user, the pneumococcal segment holds prominent shares of the market with the rise in pharmaceutical companies' investments by private and public organizations. The growing prevalence of improving treatment procedures to promote the patient's wellbeing is likely to outshine the market demand eventually.

Preventive Vaccines Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

North America leads the global preventive vaccines market due to the quick adoption of the latest technologies and innovative drugs & vaccines. The rise in pharmaceutical companies' scale and ongoing research in the biotechnology field is leveraging the demand for the Preventive Vaccines Market in North America.

Europe is next to North America is leading the highest shares of the market with the rise in the geriatric population. Growing revenue in almost every country is also a primary factor for increasing in this region.

The Asia Pacific is to have a significant growth rate in the coming years, increasing support from the government by launching reimbursement schemes in favor of ordinary people.

KEY MARKET PLAYERS:

Some of the promising companies dominating the global preventive vaccines market profiled in the report are GlaxoSmithKline PLC, Merck and Company, Bavarian Nordic, CSL Limited, Emergent BioSolutions Inc., Novartis AG, Johnson and Johnson, MedImmune LLC, Pfizer, Inc., and Sanofi Pasteur.

Vaccine developers are putting in significant efforts to ensure that their candidates are clinically and commercially competent to achieve a competitive edge. Several companies have received substantial funding for their proprietary product portfolios; majorly, they are mid-sized companies based in North America. Around 70 companies in different regions worldwide claim to provide contact development, fill/finish, and regulatory support, besides manufacturing services.

RECENT MARKET HAPPENINGS:

On February 3, 2020, GSK and CEPI have recently announced that they will collaborate to develop a vaccine for the nCoV virus with the help of vaccine adjuvant platform technology developed by GSK. A more significant number of people are benefitting from the antigen-sparing effect. The primary goal of the collaboration is to develop vaccines rapidly by decreasing the dose of vaccine antigens to provide a cure for a large group of people affected by the coronavirus.

On December 31, 2019, Bavarian Nordic completed the acquisition of production and distribution rights of Encepur and RabAvert from GSK. With this deal completed, the company has expanded its product portfolios such as vaccines for monkeypox, smallpox, and other commercial products to provide growth opportunities for the company during the forecast period.

On January 8, 2020, Serum Institute of India Pvt. Ltd and Staten's serum institute have entered into a strategic partnership to intensify vaccines' development for tuberculosis. Serum Institute has developed a 10-valent pneumococcal conjugate vaccine called pneumosil, which contains CRM197, which the institute also produces under pfenex expression technology. The world health organization has prequalified the vaccine.

Please wait. . . . Your request is being processed

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: sales@marketdataforecast.com

Click for Request Sample