Key Takeaways
- In 2022, the global vaccine market was valued at $61.5 billion, with projections to reach $107.8 billion by 2030 at a CAGR of 7.4%.
- Pfizer reported $37.8 billion in COVID-19 vaccine revenue for 2021 alone.
- Moderna's 2022 revenue reached $18.4 billion, primarily from its Spikevax COVID-19 vaccine.
- In 2022, over 13 billion COVID-19 vaccine doses were produced globally.
- Pfizer-BioNTech produced 3 billion doses of Comirnaty in 2022.
- Moderna manufactured 1 billion doses of Spikevax by end of 2022.
- In VAERS, over 1.5 million COVID-19 vaccine adverse events reported by 2023.
- CDC reported 18,007 deaths following COVID-19 vaccination as of 2023.
- Pfizer's clinical trials showed 1 in 800 serious adverse events for Comirnaty.
- Global vaccine R&D investment hit $14.4 billion in 2021.
- Pfizer invested $2.2 billion in COVID vaccine R&D in 2021.
- Moderna spent $3.4 billion on R&D in 2022, mostly vaccines.
- Pfizer holds 32% global COVID vaccine market share in 2022.
- Moderna captured 18% of mRNA COVID vaccine market.
- AstraZeneca dominated Europe with 40% COVID vaccine share.
The vaccine industry grew massively due to the pandemic, creating immense revenue and production.
Financial Performance
- In 2022, the global vaccine market was valued at $61.5 billion, with projections to reach $107.8 billion by 2030 at a CAGR of 7.4%.
- Pfizer reported $37.8 billion in COVID-19 vaccine revenue for 2021 alone.
- Moderna's 2022 revenue reached $18.4 billion, primarily from its Spikevax COVID-19 vaccine.
- GSK's vaccine sales grew 21% to £7.5 billion in 2022.
- Sanofi's vaccine division generated €5.7 billion in revenue in 2022.
- The U.S. vaccine market accounted for 46% of global revenue in 2022, totaling approximately $28.3 billion.
- AstraZeneca's Vaxzevria vaccine generated $4.3 billion in 2021 sales.
- Johnson & Johnson's vaccine revenue was $2.4 billion in 2021.
- Novavax reported $1.8 billion in preliminary 2022 vaccine sales.
- The HPV vaccine market alone was worth $5.1 billion globally in 2022.
- Merck's Gardasil 9 generated $6.5 billion in 2022 sales.
- Flu vaccine market valued at $7.2 billion in 2022.
- Bavarian Nordic's vaccine revenue surged 85% to DKK 1.8 billion in 2022.
- CSL's influenza vaccine sales hit A$1.2 billion in FY2022.
- Valneva's vaccine pipeline contributed €136 million in revenue in 2022.
- Global vaccine R&D spending reached $12.5 billion in 2022.
- Vaccine industry profits exceeded $100 billion cumulatively from COVID vaccines by 2023.
- BioNTech's 2022 revenue from Comirnaty was €17.8 billion.
- Seqirus flu vaccine sales were $1.5 billion in 2022.
- Emergent BioSolutions government contracts for vaccines totaled $1.2 billion in 2021.
- Dynavax's Heplisav-B sales reached $160 million in 2022.
- Global measles vaccine market size was $2.4 billion in 2022.
- Roche's vaccine diagnostics revenue was CHF 1.1 billion in 2022.
- Zydus Cadila's ZyCoV-D vaccine generated INR 1,000 crore in 2022.
- Serum Institute of India's vaccine exports worth $1.5 billion in 2022.
Financial Performance Interpretation
Global Market
- Pfizer holds 32% global COVID vaccine market share in 2022.
- Moderna captured 18% of mRNA COVID vaccine market.
- AstraZeneca dominated Europe with 40% COVID vaccine share.
- Sinovac held 25% market share in Asia-Pacific COVID vaccines.
- Serum Institute supplied 60% of India's COVID vaccines.
- GSK leads shingles vaccine market with 70% share via Shingrix.
- Merck dominates HPV market with 85% share worldwide.
- Sanofi holds 40% of global pediatric vaccine market.
- Pfizer leads pneumococcal vaccines with Prevnar at 50% share.
- CSL Seqirus has 25% flu vaccine market share in U.S.,
- Novavax entered with 5% U.S. COVID booster market share in 2023.
- Bharat Biotech 20% share in India's COVID vaccine market.
- Sputnik V captured 15% of global COVID vaccine doses supplied.
- J&J Janssen 10% share of one-dose vaccines globally.
- Valneva secured 2% UK COVID booster market.
- Zydus ZyCoV-D 10% share in India.
- SK Bioscience growing to 5% Korean market.
- China Big Four (Sinovac, Sinopharm etc.) 40% global supply.
- EU centralized vaccines: Pfizer/Moderna 70% share.
- U.S. COVID market: Pfizer 60%, Moderna 35%.
- Low-income countries received only 20% of global doses.
Global Market Interpretation
Production Volumes
- In 2022, over 13 billion COVID-19 vaccine doses were produced globally.
- Pfizer-BioNTech produced 3 billion doses of Comirnaty in 2022.
- Moderna manufactured 1 billion doses of Spikevax by end of 2022.
- AstraZeneca supplied 3 billion doses of Vaxzevria cumulatively by 2022.
- India produced 2.2 billion COVID-19 vaccine doses in 2022.
- Serum Institute of India manufactured 1.5 billion Covishield doses by 2022.
- Global flu vaccine production reached 1.8 billion doses annually by 2022.
- Sanofi Pasteur produced 500 million doses of influenza vaccines in 2022.
- GSK Shingrix production scaled to 200 million doses per year by 2022.
- Merck produced 300 million doses of HPV vaccines in 2022.
- Novavax manufactured 100 million doses of Nuvaxovid in 2022.
- Bharat Biotech produced 200 million Covaxin doses in 2022.
- Johnson & Johnson Janssen vaccine production hit 1 billion doses by 2022.
- Global pneumococcal vaccine production was 500 million doses in 2022.
- Valneva produced 60 million doses of VLA200 COVID vaccine in 2022.
- CSL Seqirus flu vaccine doses: 180 million in 2022.
- Zydus Cadila produced 50 million ZyCoV-D doses in 2022.
- Sputnik V production reached 2 billion doses capacity by 2022.
- Global rotavirus vaccine doses manufactured: 250 million in 2022.
- Sinovac produced 2 billion CoronaVac doses cumulatively by 2022.
- Annual global DTP vaccine production: 1.5 billion doses.
- SK Bioscience produced 100 million doses of COVID vaccines in 2022.
Production Volumes Interpretation
R&D Investment
- Global vaccine R&D investment hit $14.4 billion in 2021.
- Pfizer invested $2.2 billion in COVID vaccine R&D in 2021.
- Moderna spent $3.4 billion on R&D in 2022, mostly vaccines.
- GSK R&D spend: £5.0 billion in 2022, 25% on vaccines.
- Sanofi allocated €6.5 billion to R&D, vaccines key focus.
- mRNA vaccine platforms received $25 billion in funding since 2020.
- Operation Warp Speed invested $18 billion in COVID vaccines.
- BARDA funded $3.1 billion for J&J vaccine development.
- CEPI committed $2 billion to COVID vaccine R&D.
- AstraZeneca R&D for Vaxzevria: $750 million.
- Novavax received $1.6 billion from U.S. for vaccine R&D.
- BioNTech R&D expenses: €2.1 billion in 2022.
- Merck invested $1.5 billion in pneumococcal vaccine R&D.
- J&J global R&D spend: $14.9 billion in 2022, vaccines included.
- Valneva R&D investment: €100 million for chikungunya vaccine.
- CureVac spent €300 million on mRNA vaccine R&D in 2022.
- Sinovac R&D budget: CNY 1.2 billion for vaccines.
- Bharat Biotech invested INR 1,500 crore in Covaxin R&D.
- Global RSV vaccine R&D funding: $5 billion since 2015.
- Pfizer's RSV vaccine R&D: $1 billion committed.
- Sanofi RSV vaccine partnership R&D: €500 million.
- Universal flu vaccine R&D global spend: $2.8 billion annually.
- HIV vaccine R&D funding: $1 billion per year globally.
R&D Investment Interpretation
Safety Data
- In VAERS, over 1.5 million COVID-19 vaccine adverse events reported by 2023.
- CDC reported 18,007 deaths following COVID-19 vaccination as of 2023.
- Pfizer's clinical trials showed 1 in 800 serious adverse events for Comirnaty.
- Moderna's vaccine associated with myocarditis at 40.6 cases per million doses in young males.
- AstraZeneca vaccine linked to 8.1 TTS cases per million first doses.
- J&J vaccine TTS rate: 3.83 cases per million doses.
- Anaphylaxis rate for mRNA vaccines: 5 per million doses.
- Guillain-Barré syndrome risk doubled after J&J vaccine.
- 36,000+ neurological events reported in VAERS for Pfizer by 2023.
- Bell's palsy reported in 1% of Pfizer trial participants.
- Myocarditis hospitalization rate: 162 per million second doses in males 12-17.
- Pericarditis after Moderna: 52.4 cases per million in males 18-24.
- VAERS cardiac arrests: 2,500+ post-COVID vaccination by 2023.
- Thrombocytopenia after AstraZeneca: 11.1 per million doses.
- Miscarriage reports in VAERS: 30,000+ after COVID shots.
- EMA reported 50,648 deaths post-vaccination by Sept 2023.
- UK Yellow Card: 2.5 million adverse reactions to COVID vaccines.
- Flu vaccine associated with 1.4 excess Guillain-Barré cases per million.
- HPV vaccine fainting rates: 15% within 15 minutes post-injection.
- Shingrix adverse events: 20% severe reactions in trials.
- Rotavirus vaccine intussusception risk: 1-6 per 100,000 infants.
- DTaP vaccine seizures: 1 per 14,000 doses.
Safety Data Interpretation
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