GITNUX MARKETDATA REPORT 2024

Must-Know Vaccine Industry Statistics [Latest Report]

Highlights: The Most Important Vaccine Industry Statistics

  • In 2021, the global vaccine market was valued at 45 billion U.S. dollars.
  • The North America region is expected to hold the largest market share in the vaccines market, with 39% in 2020.
  • The five companies that produce the most vaccines are GlaxoSmithKline, Merck, Pfizer, Sanofi and J&J.
  • Preventive vaccines accounted for over 65% of global vaccine market in 2020.
  • Meningococcal vaccines held a market share of around 6% in 2020 in Europe.
  • Pediatric vaccines dominate the vaccines market, accounting for over 58% of total sales in 2018.
  • Globally, the human vaccines market is expected to grow at a CAGR of 8.5% between 2021 and 2027.
  • The global COVID-19 vaccine market was pegged at 32.5 billion U.S. dollars in 2020.
  • By 2023, Gavi, the Vaccine Alliance, hopes to immunize 300 million children.
  • As of Feb 2022, 64.3% of the world population has received at least one dose of a COVID-19 vaccine.
  • The Influenza vaccine market is predicted to achieve a CAGR of around 6.2% during the forecast period 2020-2026.
  • The total combined revenues of the top 10 pharmaceutical industries that produced vaccines amounted to $35.2 billion in 2019.
  • GlaxoSmithKline was the leading vaccine company based on global vaccine revenues that amounted to 8.7 billion U.S. dollars in 2020.
  • The demand for HPV vaccines is growing at 5% per year.
  • Pediatric vaccines are projected to reach over $40 billion by 2022.
  • The global market for cancer vaccines was valued at $4.2 billion in 2019, and is expected to reach $7 billion by 2027.
  • 4.18 billion people have received at least one dose of COVID-19 vaccine globally by 2021.
  • Smallpox, eradicated in 1979, is the only disease that has been completely stopped through the use of vaccines.

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Navigating through the global health landscape, one cannot underestimate the significant role that vaccines have played over the years. Saving millions of lives annually, these protectors of public health have undoubtedly revolutionized medicine, standing prominently as a weapon in our arsenal against infectious diseases. In this blog post, we delve deep into the fascinating world of the vaccine industry, harnessing the power of data and statistics to provide you with an insightful perspective. From lucrative financial forecasts to vaccination rates, production volumes, and industry growth, we aim to unravel the intricate fabric of this life-saving sector. So, fasten your seat belts and prepare to embark on an statistical exploration of the ever-evolving vaccine industry.

The Latest Vaccine Industry Statistics Unveiled

In 2021, the global vaccine market was valued at 45 billion U.S. dollars.

Painting the financial panorama of the global vaccine industry, the towering figure of 45 billion U.S. dollars in 2021 sets the stage. This significant sum is indicative of the industry’s economic punch, dramatizing the critical role vaccines play in global health dynamics, and the investment directed towards prevention of diseases. Further, it signifies the scale of scientific research, development, and manufacturing capabilities mobilized within this industry. Illustrating such a vast market value casts light on its compelling draw for potential investors and offers a gauge to appraise future growth trajectories. Essentially, this stat reveals the vast economic landscape that the vaccine industry covers, subtly highlighting its importance and impact.

The North America region is expected to hold the largest market share in the vaccines market, with 39% in 2020.

The gleaming figure of North America holding the largest market share in the vaccines market at 39% in 2020 serves as a spotlight illuminating the robust strengths of this region’s healthcare sector. It underscores not only the region’s capacity for vaccine production but also its ability to effectively distribute and administer these vaccine doses. This powerful piece of data is a testament to its advanced infrastructure, widespread access to healthcare resources, and effective public health policies. Reflecting on this, it provides a colorful canvas for a deep dive into a critical comparison and understanding of the global vaccine industry panorama.

The five companies that produce the most vaccines are GlaxoSmithKline, Merck, Pfizer, Sanofi and J&J.

Highlighting the top five vaccine producing companies – GlaxoSmithKline, Merck, Pfizer, Sanofi, and J&J – offers crucial insights into the powerhouse players in the vaccine industry. These industry leaders are not just corporate names, but they form the nexus of modern vaccine production. This reference helps readers to visualize the vaccine industry’s landscape better, understand existing capacity and manufacturing power and provides a clearer picture of the key contributors in the fight against global health crises. In essence, this detail serves as the pulse-check for understanding the epicenter of the vaccine industry’s dynamics.

Preventive vaccines accounted for over 65% of global vaccine market in 2020.

Delving into the 2020 picture of the global vaccine market, it is very impressive to observe that preventive vaccines staked a claim to over 65% of the market share. This robust figure reflects the significant thrust on preventing diseases before they can manifest, underlining a significant shift in global healthcare strategies from reactionary to precautionary measures. In the context of a blog post about Vaccine Industry Statistics, this revelation offers a rich and insightful perspective on the predominant trends and avenues within this rapidly evolving sector. The marked consumer demand for preventive vaccines can, in turn, stimulate further research and development in this area, setting forth a new paradigm in the business strategies of industry players and providing a fertile ground for future discussions.

Meningococcal vaccines held a market share of around 6% in 2020 in Europe.

The subtle intrigue of this statistic lays in the illustration of the relative position of Meningococcal vaccines within the broad expanse of the European vaccine industry in 2020. Occupying a 6% market share anchors these vaccines as key characters amidst the panoply of industry players. This number paves the way for deeper analysis into the factors that contribute to this particular market positioning, and it also offers a springboard for comparison over time. The COVID-19 pandemic has led to dramatic fluctuations in vaccine uptake and distribution patterns, and this statistic provides a pivotal reference point to analyze those shifts. The story hidden within this statistic beckons for further exploration and understanding of the dynamics within the vaccine industry.

Pediatric vaccines dominate the vaccines market, accounting for over 58% of total sales in 2018.

Highlighting the dominance of pediatric vaccines, a whopping 58% of the total vaccine sales in 2018 were attributed to this particular segment, undeniably catapulting it to the forefront of the vaccine industry. This not only uncloaks the importance of children’s immunization in global healthcare discourse, but also casts light on the focus areas for investment and development in the vaccine market. The ripples of this vaccination trend touch on aspects from business strategy in pharmaceutical industry to health policy making, making it an indispensable fact in any discussion related to vaccine industry statistics.

Globally, the human vaccines market is expected to grow at a CAGR of 8.5% between 2021 and 2027.

Capturing the essence of this striking statistic, it paints an optimistic picture of the burgeoning vaccine industry. It serves as a testament to the vigorous growth expected within this sector globally, with an extraordinary compound annual growth rate (CAGR) of 8.5% projected from 2021 to 2027. This upward trajectory transports the reader into a future where the vaccine market flourishes, establishing its crucial role in the global healthcare industry. It provides a quantifiable measure of the market’s relentless march forward, further solidifying its towering stature amid emerging health challenges, and underlines the immense potential for investment and development in this field. Undeniably, this statistic provides a robust backbone for the narrative of a blog post focused on Vaccine Industry Statistics, stimulating a deeper understanding of the industry’s current state and future direction.

The global COVID-19 vaccine market was pegged at 32.5 billion U.S. dollars in 2020.

In the broad panorama of vaccine industry statistics, the valuation of the global COVID-19 vaccine market at a whopping 32.5 billion U.S. dollars in 2020 emerges as a colossal landmark. Beyond reflecting the remarkable scale of global efforts and investments pumped into combatting the pandemic, this figure delineates the enormous commercial potential and the ripple effect on economic dynamics within the vaccine industry. The financial magnitude further underscores the catalytic role that crisis scenarios can play in propelling industry growth and innovation. This potent symbol of financial muscle propels us to fathom the gravity, dynamism, and future prospects of the vaccine industry in a new light.

By 2023, Gavi, the Vaccine Alliance, hopes to immunize 300 million children.

Gazing into the forthcoming years, Gavi, the Vaccine Alliance, wields their lantern of hope, illuminating a path to immunize a colossal figure of 300 million children by 2023. Nestled within this prognostication, you discover the testament of the profound magnitude and influential terrain the Vaccine Industry is charting. It’s akin to an open declaration of an expanding battlefield against diseases where vaccines are the chosen weapons. Ultimately, this prediction serves as a gauge of the industry’s pulsating vitality, bold ambitions and an acknowledgment of vaccines’ pivotal role in safeguarding global public health.

As of Feb 2022, 64.3% of the world population has received at least one dose of a COVID-19 vaccine.

Illuminating the far reaches of global immunization efforts, the statistic—64.3% of world populace that has received at least one jab of a COVID-19 vaccine as of February 2022—presents a key benchmark. Underscoring the significant progress made by the global vaccine industry in producing and distributing COVID-19 vaccines, this particular statistic is both the pulse and the mirror of the sector’s current success.

It’s the spotlight on a key facet of the big picture—how quickly and extensively the vaccine industry sectors have rallied to grapple with a global pandemic. Describing the magnitude, intensity, and speed of the response, it punctuates the evolving strategies, innovations, and adaptability in vaccine development and distribution.

It’s a compass guiding future analysis and industry projections, shedding light on market dynamics, supply-chain efficiencies, and prevalent trends in the industry. For anyone tuning into the rhythm of the vaccine industry, this statistic resonates with the omnipresent urgency and scale of the task at hand. It whispers stories of triumph, lessons of resilience, and the industry’s massive strides in charting new paths in global health.

The Influenza vaccine market is predicted to achieve a CAGR of around 6.2% during the forecast period 2020-2026.

In the realm of Vaccine Industry Statistics, the predicted growth of the Influenza vaccine market is a beacon worth spotlighting. Following the trend captured in this prediction, it’s clear to see a rising tide of opportunity and potential. With an anticipated Compound Annual Growth Rate (CAGR) of 6.2% between 2020 and 2026, the Influenza vaccine market doesn’t merely hint at growth, but rather reverberates with the promise of robust expansion.

This forecast sets the stage for a considerable transformation and growth within the vaccine industry. It stitches up not only the expectation of increasing demand for Influenza vaccine but also reflects the potential enhancement in vaccine technology and production capabilities. Thus, anchoring a captivating exploration of the vaccine industry’s future landscape.

The total combined revenues of the top 10 pharmaceutical industries that produced vaccines amounted to $35.2 billion in 2019.

Depicting the colossal stature of the vaccine industry, a staggering figure of $35.2 billion was amassed in 2019 by just the top 10 vaccine-producing pharmaceutical corporations. This hefty sum underscores the industry’s substantial economic influence, hinting at its gargantuan scale and relentless growth. When looking into the economic figures tied to the vaccine industry, this impressive total revenue paints a vivid picture of robust financial health, active R&D, hefty investments, and ultimately, the potential for future advancements in the science of immunisation. Consequently, such indicators have profound implications for public health policy, investment decisions, and directions for future research. Put simply, the financial heft of the leading vaccine-makers can translate to great strides in disease prevention worldwide.

GlaxoSmithKline was the leading vaccine company based on global vaccine revenues that amounted to 8.7 billion U.S. dollars in 2020.

Highlighting the figure of GlaxoSmithKline’s 2020 vaccine revenues underlines the post’s exploration into the Vaccine Industry’s dynamics. The company’s mileage as the leader in global vaccine revenues, standing at a robust 8.7 billion U.S. dollars, illuminates the profound economic size and significance of the vaccine market. This monumental success story of one player offers important insight on the overall market’s health, competitive landscape, and the potential profitability for corporations venturing into this industry.

The demand for HPV vaccines is growing at 5% per year.

Woven intricately into the fabric of the Vaccine Industry Statistics, the growth rate of HPV vaccines demand, spiraling at an impressive 5% per year, paints a vibrant picture of multifaceted implications. Navigating the labyrinth of a burgeoning industry, this statistic highlights the escalating awareness and acceptance of vaccines, and their instrumental role in altering the healthcare landscape. This particular increase in HPV vaccine demand, showcases a progressive shift in human health attitudes and behaviors, accelerating the momentum that forces the vaccine industry towards a constantly evolving high-growth trajectory. Moreover, it illustrates potential opportunities for vaccine manufacturers to diversify and expand their business, getting a robust hold on the market share. Consequently, it’s an encouraging indicator – a beacon of hope for the embattled fight against cervical cancer and other HPV-related diseases. Hence, this rate of growth stands as a lighthouse in the ocean of vaccine industry data, pointing to a promising horizon of greater health and wellbeing.

Pediatric vaccines are projected to reach over $40 billion by 2022.

The aforementioned projection of pediatric vaccines reaching a staggering $40 billion by 2022 beams a spotlight on the escalating economic significance and growth potential of the vaccine industry. It illustrates the considerable demand for these vaccines, indicating a robust, burgeoning market in need of constant supply, innovation, and development. Not merely a figure, this estimate acts as a crystal ball forecast, mirroring the much-desired balance of profit and public health protection, as more capital usually means better, more accessible vaccines for our little ones.

The global market for cancer vaccines was valued at $4.2 billion in 2019, and is expected to reach $7 billion by 2027.

This significant projection shines a spotlight on the potential amplification of the vaccine industry, specifically zeroing in on the market for cancer vaccines. It not only reveals a considerable financial growth from $4.2 billion in 2019 to an anticipated $7 billion by 2027 but also hints at the escalating demand and enhancement in vaccine technology and research. Such an expansion implies an increased pace of investment in vaccine development, a sign of progressing health security worldwide. Drawn from this, the statistic anchors a strategic narrative within the blog post about Vaccine Industry Statistics, illustrating the trend of lucrative market growth and the promise it holds for future prospects in the realm of global healthcare solutions.

4.18 billion people have received at least one dose of COVID-19 vaccine globally by 2021.

In the vista of the Vaccine Industry Statistics, the figure ‘4.18 billion people have received at least one dose of COVID-19 vaccine globally by 2021’ serves as a powerful testament to the unprecedented scale and speed of the vaccine roll-out scenario. No longer confined to paper projections or lab hypotheses, this statistic is a live, convincingly loud pulse echoing across every nook and cranny of the globe. It presents the quintessentially compelling narrative of how the vaccine industry has responded to the global pandemic, mobilizing resources, technology, and knowledge, to safeguard billions within a remarkably short span of time. The story this figure tells is one of resilience, innovation, and the industry’s potential to rise to future challenges with similar magnitude.

Smallpox, eradicated in 1979, is the only disease that has been completely stopped through the use of vaccines.

Highlighting the noteworthy triumph over Smallpox via vaccination serves as a luminous beacon in the narrative of the vaccine industry. It underscores the immense potential of vaccines to entirely eradicate harmful diseases, thus validating the paramount importance of continued research, development and distribution in the sector. Such a milestone in the history of medicine bolsters the vaccine industry’s credibility and emphasize its valuable role in fostering global health security. It also underlines the scope of what vaccines can accomplish when adequately supported by resources and public trust, setting a precedent that can inspire future victories against other existing and emerging diseases.

Conclusion

The substantial transformation in the vaccine industry is unambiguous in the recent statistics. With an increasing relevance in global healthcare, marked by progressive advancements and investment in research and development, the vaccine industry has become a critical sector in medical science. The numbers clearly signify a projected rise in industry growth, confirming the indispensable role of vaccines in public health. However, while this progress is commendable, it’s equally important to continue nurturing innovation, equitable distribution, and global cooperation to ensure that the potential of this industry is fully leveraged for the benefit of mankind. Undoubtedly, the future of the vaccine industry holds exciting possibilities and opportunities that are set to redefine the landscape of healthcare.

References

0. – https://www.www.statista.com

1. – https://www.ourworldindata.org

2. – https://www.www.marketsandmarkets.com

3. – https://www.www.precisionvaccinations.com

4. – https://www.www.zionmarketresearch.com

5. – https://www.www.cdc.gov

6. – https://www.www.iqvia.com

7. – https://www.www.gavi.org

8. – https://www.www.fortunebusinessinsights.com

9. – https://www.www.grandviewresearch.com

10. – https://www.www.who.int

11. – https://www.www.marketwatch.com

12. – https://www.www.alliedmarketresearch.com

13. – https://www.www.gminsights.com

14. – https://www.www.prnewswire.com

15. – https://www.www.marketplace.org

FAQs

What is the average time taken to develop a vaccine?

The average time to develop a vaccine can range from 10 to 15 years. This includes research, testing, and getting regulatory approval, but it can be expedited in emergency situations, like during the COVID-19 pandemic.

What has been the growth rate of the global vaccine market?

The global vaccine market was valued at about $32.5 billion in 2019. It is forecasted to grow at a compound annual growth rate (CAGR) of about 7.4% from 2021 to 2028.

How effective are vaccines in preventing diseases?

Vaccines are highly effective at preventing infectious diseases. For example, measles vaccine is about 97% effective, while polio vaccine is approximately 90-99% effective when all recommended doses are given.

What proportion of the global population has been vaccinated against common diseases like measles and polio?

As of 2020, around 86% of the world's children received the required doses of vaccines against diseases like measles, diphtheria, tetanus, pertussis and polio according to World Health Organization (WHO).

How much of vaccine industry’s revenue make up of the global pharmaceutical industry?

As of 2020, vaccines made up about 3% to 4% of the global pharmaceutical industry's total revenue. The vaccine industry is a relatively small segment compared to others, but it’s essential for global health and is growing steadily.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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