The Global Vaccines as a Service market was valued at USD 41.4 billion in 2020 which expected to reach USD 67.2 billion by 2027 at a CAGR 10.2% from 2020-2027.
A vaccine is a substance that is introduced into the body to prevent infection or to control disease due to a certain pathogen, which is a disease-causing organism, such as a virus, bacteria, or parasite. By inducing an immune response, the vaccine teaches the body how to defend itself against the pathogen. Preventive vaccines work by introducing a small component or a non-harmful form of the pathogen (called the foreign antigen) into the body to protect an individual from infection or disease. The body generates antibodies (via the humoral response), killer cells (via the cell mediated response), or both in response to the pathogen.
Competitive Landscape: The key players of Global Vaccine Market are Sanofi (France), Merck & Co., Inc. (U.S.), GlaxoSmithKline plc (U.K.), Pfizer Inc. (U.S.), Johnson & Johnson (U.S.), Daiichi Sankyo Co., Ltd. (Japan), Takeda Pharmaceutical Company Limited (Japan), CSL Limited (Australia), Emergent BioSolutions Inc. (U.S.), and AstraZeneca PLC (U.K.).
A vaccine is a substance that is introduced into the body to prevent infection or to control disease due to a certain pathogen, which is a disease-causing organism, such as a virus, bacteria, or parasite. By inducing an immune response, the vaccine teaches the body how to defend itself against the pathogen. Preventive vaccines work by introducing a small component or a non-harmful form of the pathogen (called the foreign antigen) into the body to protect an individual from infection or disease. The body generates antibodies (via the humoral response), killer cells (via the cell mediated response), or both in response to the pathogen.
Drivers:
The global vaccines market is expected to grow due to the high prevalence of diseases that require vaccine administration and the growing use of vaccines for various infectious diseases such as influenza, pneumonia, and rotavirus infection. Furthermore, governments' emphasis on immunisation programmes helps to raise public awareness about vaccine safety and availability. Furthermore, various technologies used in the development of effective vaccines contribute to the growth of the vaccine market.Restraints:
These lengthy vaccine development timelines stifle the development of new vaccines, limiting market growth. The decline is primarily due to drug supply and demand failures caused by the COVID-19 outbreak around the world. Market growth is being hampered by biologic drug shortages caused by insufficient biologics production.Impact of Covid-19
The majority of markets, including the vaccine market, are declining as a result of the outbreak. The pandemic has had a negative impact on the global vaccine market, as most countries have implemented lockdown measures to combat the outbreak. Additionally, the contributions of the companies are collaborating to accelerate the development, manufacture, and delivery of COVID-19 vaccines, diagnostics, and treatments.Market Segmentation
- Segmentation By Type: Global Vaccine Market is classified on the basis of Type into Live Attenuated Vaccines, Inactivated Vaccines, Subunit and Conjugate vaccines, Toxoid Vaccines, and Combination Vaccines.
- Segmentation By Route of Administration: Global Vaccine Market is classified on the basis of Route of Administration into Intramuscular, Subcutaneous, Oral, and Other Routes of Administration.
- Segmentation By Valence: Global Vaccine Market is classified on the basis of Valence into Monovalent and Polyvalent (Multivalent).
- Segmentation By COVID-19 Vaccines Market: Global Vaccine Market is classified on the basis of COVID-19 Vaccines into Prevalence, COVID-19 Vaccines Market Size and Forecast, Initiatives for Coronavirus Vaccine Development, Authorized Vaccines & Phase 3 Vaccine Candidates, COVID-19 Vaccine Pipeline Analysis, Purchase Data for Covid-19 Vaccines, and Vaccination Coverage.
- Segmentation By Region: Global Vaccine Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape: The key players of Global Vaccine Market are Sanofi (France), Merck & Co., Inc. (U.S.), GlaxoSmithKline plc (U.K.), Pfizer Inc. (U.S.), Johnson & Johnson (U.S.), Daiichi Sankyo Co., Ltd. (Japan), Takeda Pharmaceutical Company Limited (Japan), CSL Limited (Australia), Emergent BioSolutions Inc. (U.S.), and AstraZeneca PLC (U.K.).
Industrial Development
- In October 2021, the US Food and Drug Administration (FDA) granted Pfizer an Emergency Use Authorization (EUA) for the Pfizer-BioNTech COVID-19 Vaccine for children aged 5 to 11.
- In August 2021, the Pfizer-BioNTech COVID-19 vaccine COMIRNATY was given full US FDA approval for people aged 16 and up.
- Shingrix (Zoster Vaccine Recombinant, Adjuvanted) was approved by the US Food and Drug Administration in July 2021 for the prevention of shingles (herpes zoster) in adults aged 18 and older who are or will be at increased risk of shingles due to immunodeficiency or immunosuppression caused by a known disease or therapy.
Market Taxonomy
By Type
- Live Attenuated Vaccines
- Inactivated Vaccines
- Subunit and Conjugate vaccines
- Toxoid Vaccines
- Combination Vaccines
By Route of Administration
- Intramuscular
- Subcutaneous
- Oral
- Other Routes of Administration
By Valence
- Monovalent
- Polyvalent (Multivalent)
By COVID-19 Vaccines Market
- Prevalence
- COVID-19 Vaccines Market Size and Forecast
- Initiatives for Coronavirus Vaccine Development
- Authorized Vaccines & Phase 3 Vaccine Candidates
- COVID-19 Vaccine Pipeline Analysis
- Purchase Data for Covid-19 Vaccines
- Vaccination Coverage
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Vaccines Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Frequently Asked Questions about the Global Vaccines Market
What is the estimated value of the Global Vaccines Market?
What is the growth rate of the Global Vaccines Market?
What is the forecasted size of the Global Vaccines Market?
Who are the key companies in the Global Vaccines Market?
Report Attribute | Details |
---|---|
Published | February 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD
| USD 24.3 Billion |
Forecasted Market Value ( USD
| USD 37 Billion |
Compound Annual Growth Rate | 6.2% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |
Table of Contents
1 Introduction
2 Research Methodology
4 Global Vaccine Market Outlook
14 Middle East Vaccine Market Analysis and Forecast (2021-2027)
15 Competitive Analysis
Companies Mentioned
- Sanofi (France)
- Merck & Co. Inc. (U.S.)
- GlaxoSmithKline plc (U.K.)
- Pfizer Inc. (U.S.)
- Johnson & Johnson (U.S.)
- Daiichi Sankyo Co. Ltd. (Japan)
- Takeda Pharmaceutical Company Limited (Japan)
- CSL Limited (Australia)
- Emergent BioSolutions Inc. (U.S.)
- AstraZeneca PLC (U.K.).