Global Vaccine Market Expected to Reach $50.52 billion by 2023

Global Vaccine Market Expected to Reach $50.52 billion by 2023

The value of the vaccine market will reach $50.42 billion by 2023 from $36.45 billion in 2018, at a Compound Annual Growth Rate (CAGR) of 6.7 percent, according to recently published report by private research firm MarketsandMarkets of India.1

The report provides an overview of the global vaccine market estimating the market size and potential for future growth  by vaccine and in other categories, as well as provides an analysis of competition for market share between leading vaccine manufacturers, their company profiles, and market strategies. Listed as potential factors influencing projected financial growth in the global vaccine industry are the rising prevalence of diseases, more government and non-government organization funding for vaccination programs, and initiatives by vaccine manufacturers to step up research and development (R&D) of new vaccines.

However, the report also indicates that the vaccine market may face some obstacles due to the increasing costs of vaccine development.

In the analysis, vaccines are categorized by monovalent (single strain) and multivalent (multiple strains) and there is a prediction that monovalent vaccines will lead the market. Targeted diseases include pneumococcal, influenza, diphtheria, tetanus and pertussis (DPT), hepatitis, human papillomavirus (HPV), rotavirus, meningococcal disease, measles mumps and rubella (MMR), varicella, polio, herpes zoster, dengue and others.

Of all disease indications, pneumococcal is forecasted to account for the largest share of the market due to government investment in pneumococcal vaccine programs and a projected increase in the incidence of pneumococcal disease.

The North American region is forecasted to account for the largest share of the global vaccine market followed by Europe; however, Asia is projected to experience the highest CAGR.


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6 Responses to "Global Vaccine Market Expected to Reach $50.52 billion by 2023"

  1. Kim   September 6, 2018 at 5:54 pm

    So, what this tells me, is that despite the exponential rise in autism, allergies, deaths, diabetes, etc…..
    People still are ignorant to the truth and vaccinating their poor defenseless children. This is just tragic!

    Reply
  2. Elisha   September 6, 2018 at 8:37 pm

    Now I know why they say people are just like sheep and the government is herding them all in. I really believe that vaccines are the governments way of population control, maybe not 20 years ago, but now it’s all about money.

    Reply
  3. Jen   September 7, 2018 at 1:20 am

    Medicine is a FOR PROFIT industry. Buyer beware.

    Reply
  4. Emmy   September 8, 2018 at 3:35 pm

    This is so sad. I thought people were becoming more aware of the dangers of the vaccines but they are still so ignorant and putting their health and their children’s health in real danger. When will people wake up?

    Reply
  5. Ginger Taylor   September 9, 2018 at 9:51 pm

    You realize that only a few years ago their predictions were 100B, right? Guess with out Hillary to mandate shots for adults for employment, they had to cut their expectations in half.

    Reply
    • Hesu Whitten   September 13, 2018 at 1:39 pm

      The only thing I was hopeful about when Trump was elected was that I thought he would put together a vaccine safety task force headed by Robert Kennedy jr. I’m realizing now it’s all on the people to make the change.

      Reply

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