Global Preventable Vaccines Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Technology;
Inactivated Vaccines, Live Attenuated Vaccines, Toxoid Vaccines, and OthersBy Indication;
Pneumococcal Disease, Influenza, Polio, Hepatitis, and OthersBy Route of Administration;
Oral, and ParenteralBy Distribution Channel;
Hospital Pharmacy, Online Pharmacy, and Retail PharmacyBy End-User;
Hospitals, Homecare, Specialty Clinics, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Preventable Vaccines Market Overview
Preventable Vaccines Market (USD Million)
Preventable Vaccines Market was valued at USD 72,761.05 million in the year 2024. The size of this market is expected to increase to USD 104,767.19 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.3%.
Global Preventable Vaccines Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 5.3 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 5.3 % |
Market Size (2024) | USD 72,761.05 Million |
Market Size (2031) | USD 104,767.19 Million |
Market Concentration | Medium |
Report Pages | 355 |
Major Players
- GlaxoSmithKline
- Merck
- Novartis
- Pfizer
- Sanofi
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Preventable Vaccines Market
Fragmented - Highly competitive market without dominant players
The Preventable Vaccines Market is gaining significant traction as healthcare systems increasingly focus on proactive immunization strategies. Preventable vaccines, which help reduce the incidence of infectious diseases, are central to public health policies. Today, approximately 75% of immunization programs prioritize these vaccines, underscoring their importance in minimizing disease-related burdens and improving population health outcomes.
Impact of Pandemic on Vaccine Demand
The heightened awareness driven by the COVID-19 pandemic has significantly altered public perception and uptake of vaccines. Since the pandemic, demand for preventable vaccines has surged by over 40%, fueled by expanded healthcare initiatives and broader public trust in vaccination efforts. This shift has led to greater investments in vaccine research and production capabilities by both public and private stakeholders.
Technological Advancements in Vaccine Development
Technological innovation continues to propel the market forward. Modern platforms such as mRNA and viral vector technologies now represent more than 30% of ongoing vaccine development efforts. These advanced approaches are improving vaccine efficacy, reducing adverse effects, and enabling faster response times for emerging health threats.
Public-Private Collaborations Driving Access
Collaboration across public and private sectors is further amplifying the market's impact. Over 60% of vaccine programs are now supported by strategic alliances, which enhance access, affordability, and outreach—particularly in underserved areas. These partnerships play a critical role in closing immunization gaps and expanding routine vaccine coverage.
Promising Future for Global Health
Looking ahead, the market is expected to maintain robust growth as healthcare investments continue to rise. Preventable vaccines have already led to a 90% reduction in the prevalence of numerous targeted diseases. This impressive success rate positions them as essential tools in building long-term public health resilience and advancing wellness goals.
Preventable Vaccines Market Recent Developments
-
In May 2025, the U.S. FDA approved Sanofi's MenQuadfi vaccine for use in infants as young as six weeks old, marking it as the first meningococcal vaccine approved for that age group. Source
-
In August 2023, Pfizer Inc. received FDA approval for ABRYSVO, a bivalent RSV prefusion F vaccine designed to protect infants from birth to six months of age through maternal immunization during pregnancy. Source
Preventable Vaccines Market Segment Analysis
In this report, the preventable vaccines market has been segmented by Technology, Indication, Route of Administration,Distribution Channel End-User, and geography.
Preventable Vaccines Market, Segmentation by Technology
The Preventable Vaccines Market has been segmented by Technology into Inactivated Vaccines, Live Attenuated Vaccines, Toxoid Vaccines, and Others.
Inactivated Vaccines
Inactivated vaccines account for a significant share of the preventable vaccines market, contributing to around 35% of the total market. These vaccines use killed pathogens to stimulate immunity and are known for their safety and stability. They are especially effective in preventing diseases such as hepatitis A, polio, and influenza. Their long shelf life and suitability for immunocompromised individuals make them a preferred choice in many immunization programs.
Live Attenuated Vaccines
Live attenuated vaccines represent approximately 28% of the market and are valued for their strong and long-lasting immune responses. These vaccines use weakened forms of the virus or bacteria, making them highly effective in preventing diseases such as measles, mumps, rubella, and varicella. Despite their effectiveness, they require careful storage and handling, limiting their use in some developing regions.
Toxoid Vaccines
Toxoid vaccines contribute around 20% to the global market and are formulated using inactivated bacterial toxins. Commonly used against diphtheria and tetanus, these vaccines are essential in childhood immunization schedules. Their high safety profile and stability make them suitable for repeated booster doses, ensuring prolonged immunity.
Others
The "Others" segment, including subunit, conjugate, and mRNA vaccines, holds nearly 17% of the market. These innovative platforms have gained traction due to advancements in biotechnology and their application in emerging diseases. Notably, mRNA vaccines have seen a surge in adoption post-COVID-19, showcasing rapid development timelines and scalable production benefits.
Preventable Vaccines Market, Segmentation by Indication
The Preventable Vaccines Market has been segmented by Indication into Pneumococcal Disease, Influenza, Polio, Hepatitis, and Others.
Pneumococcal Disease
Pneumococcal vaccines represent approximately 30% of the preventable vaccines market, driven by rising awareness and mandatory immunization programs in many countries. These vaccines are critical in protecting against Streptococcus pneumoniae, which causes pneumonia, meningitis, and sepsis. High-risk populations such as infants and elderly individuals are major beneficiaries of these immunizations.
Influenza
Influenza vaccines hold nearly 25% of the market share due to annual outbreaks and seasonal vaccination campaigns. These vaccines are essential for combating various flu strains and are updated regularly to match circulating viruses. They are especially important for older adults, pregnant women, and people with chronic illnesses.
Polio
Polio vaccines contribute about 18% to the global market, reflecting ongoing efforts to eradicate the disease worldwide. These vaccines, including oral polio vaccine (OPV) and inactivated polio vaccine (IPV), have been central to reducing polio incidence by over 99% since 1988. They remain a priority in regions with low immunization coverage.
Hepatitis
Hepatitis vaccines account for nearly 15% of the market, primarily targeting hepatitis A and hepatitis B. These vaccines are vital for preventing liver infections and related complications, including cirrhosis and liver cancer. Widespread use in newborn vaccination schedules has significantly reduced disease burden globally.
Others
The "Others" category, comprising vaccines for diseases like measles, mumps, rubella, varicella, and HPV, holds around 12% of the market. These vaccines play a crucial role in childhood immunization and cancer prevention. Innovations in combination vaccines and global immunization drives are boosting growth in this segment.
Preventable Vaccines Market, Segmentation by Route of Administration
The Preventable Vaccines Market has been segmented by Route of Administration into Oral, and Parenteral.
Oral
Oral vaccines account for nearly 22% of the preventable vaccines market and are valued for their ease of administration and non-invasive delivery. These vaccines are especially useful in mass immunization programs and are primarily used against diseases like polio and cholera. Their suitability for children and resource-limited settings enhances their global adoption.
Parenteral
Parenteral vaccines dominate the market with approximately 78% share, owing to their high efficacy and broad applicability. Administered via injection, these vaccines are used for a wide range of diseases, including hepatitis, influenza, pneumococcal infections, and measles. Despite the need for trained personnel, they remain the standard delivery route in most vaccination protocols.
Preventable Vaccines Market, Segmentation by Distribution Channel
The Preventable Vaccines Market has been segmented by Distribution Channel into Hospital Pharmacy, Online Pharmacy, Retail Pharmacy.
Hospital Pharmacy
Hospital pharmacies dominate the distribution channel segment, accounting for around 45% of the market share. These pharmacies ensure timely access to vaccines for both inpatients and outpatients and are integrated with public health immunization programs. Their close coordination with healthcare providers improves vaccine storage, handling, and administration.
Online Pharmacy
Online pharmacies hold approximately 18% of the market and are witnessing rapid growth due to increasing digital adoption and the rise of e-commerce platforms. They offer convenient home delivery services and enable easy access to preventive healthcare, particularly in urban areas. This channel also supports contactless distribution, which gained traction post-pandemic.
Retail Pharmacy
Retail pharmacies contribute about 37% of the global market, serving as a primary access point for walk-in vaccine seekers. These outlets are widely distributed across urban and semi-urban locations, offering over-the-counter availability of routine vaccines. Their convenience and proximity to local communities make them vital in expanding immunization coverage.
Preventable Vaccines Market, Segmentation by End-User
The Preventable Vaccines Market has been segmented by End-User into Hospitals, Homecare, Specialty Clinics, and Others.
Hospitals
Hospitals dominate the end-user segment with a market share of around 50%, attributed to their comprehensive healthcare services and access to advanced storage infrastructure. They facilitate large-scale vaccination programs and are equipped for emergency responses and complex immunization procedures. Their role is especially critical during epidemic outbreaks.
Homecare
Homecare services hold nearly 12% of the market, driven by growing demand for personalized care and elderly vaccination support. This segment benefits individuals with mobility limitations and promotes on-site immunization under medical supervision. Technological advancements in remote healthcare delivery are further enhancing its reach.
Specialty Clinics
Specialty clinics represent approximately 28% of the market, offering focused preventive care services in areas such as pediatrics, infectious diseases, and travel medicine. These clinics provide faster access, expert consultation, and routine vaccination schedules, contributing significantly to urban immunization coverage.
Others
The "Others" segment accounts for around 10% of the market and includes non-governmental organizations, schools, workplaces, and community health centers. These platforms play an essential role in outreach immunization and awareness campaigns, particularly in underserved regions and rural communities.
Preventable Vaccines Market, Segmentation by Geography
In this report, the Preventable Vaccines Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Preventable Vaccines Market Share (%), by Geographical Region
North America
North America holds the largest share of the market at approximately 38%, owing to robust immunization infrastructure, government funding, and high healthcare awareness. The presence of major vaccine manufacturers and extensive public health programs further strengthen the region’s leadership. The U.S. is a major contributor to regional growth.
Europe
Europe accounts for nearly 27% of the global market, driven by well-established healthcare systems and nationwide immunization policies. Countries like Germany, France, and the UK are actively investing in vaccine research and universal access initiatives. The region benefits from strong regulatory support and public-private collaborations.
Asia Pacific
Asia Pacific contributes about 20% to the market, fueled by rising government vaccination drives and an expanding pediatric population. Countries like India and China are rapidly adopting mass immunization campaigns and expanding healthcare infrastructure. Growing investments in biotech and vaccine production are also enhancing market growth.
Middle East and Africa
Middle East and Africa represent around 8% of the market, with growth supported by international aid programs and increasing public health awareness. Despite challenges such as limited access and infrastructure gaps, initiatives by WHO and UNICEF are boosting routine immunization coverage in several countries.
Latin America
Latin America holds approximately 7% of the market, driven by government-led vaccination campaigns and improved healthcare outreach in countries like Brazil and Mexico. The region is focusing on preventive care and disease surveillance to improve immunization rates, particularly in rural and underserved populations.
Preventable Vaccines Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Preventable Vaccines Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
---|---|---|---|---|---|
Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing Awareness and Importance of Immunization
- Expanding Vaccination Programs and Government Initiatives
-
Advancements in Vaccine Technology and Research - Significant advancements in vaccine technology and research have become a key driver in the growth of the Preventable Vaccines Market. Innovations such as recombinant DNA technology, mRNA vaccines, and vector-based platforms have revolutionized the way vaccines are developed, making them more effective and safer while enabling faster responses to emerging infectious diseases. These cutting-edge technologies expand the scope of vaccines to cover a broader range of illnesses.
Ongoing research is focused on enhancing vaccine formulations to provide long-lasting immunity with fewer doses, which helps reduce the strain on healthcare systems and improves patient adherence. Developments in adjuvants and delivery mechanisms further enhance immune responses, ensuring higher vaccine potency even among vulnerable groups like infants, elderly, and immunocompromised individuals.
The use of genomics and bioinformatics in vaccine research has opened doors for the creation of personalized vaccines and identification of new antigens. This precision approach allows for more targeted immunization strategies, improving protection rates while minimizing adverse effects. The ability to rapidly design and produce vaccines is critical for addressing current health challenges and preparing for future pandemics.
These advancements not only enhance vaccine efficacy and safety but also increase accessibility and public trust in immunization programs globally. As a result, they play a pivotal role in expanding the preventable vaccines market and supporting worldwide efforts to reduce the burden of infectious diseases.
Restraints
- Vaccine Hesitancy and Misinformation
- Logistical Challenges and Vaccine Access
-
High Development Costs and Regulatory Hurdles - The development of vaccines involves substantial financial investment, which acts as a major restraint on the Preventable Vaccines Market. Creating a vaccine demands extensive research, multiple phases of clinical trials, and sophisticated manufacturing infrastructure, often taking several years and requiring hundreds of millions of dollars. Such high costs can discourage smaller firms from entering the market and slow down the pace of innovation.
In addition to the financial burden, the vaccine industry faces complex regulatory challenges that further hinder growth. Strict regulatory frameworks are crucial to ensure vaccine safety and effectiveness, but the prolonged approval processes can delay market availability and add to overall expenses. Since regulatory standards differ across countries, manufacturers must manage diverse and often overlapping requirements, increasing operational complexity and resource demands.
Compliance with rigorous quality standards, manufacturing protocols, and ongoing safety monitoring creates additional obstacles. Companies must commit to thorough documentation, frequent inspections, and continuous surveillance to retain approvals, which increases both time and costs. These necessary regulations, while protecting public health, can limit vaccine accessibility by raising prices and slowing distribution, especially in economically disadvantaged regions.
Overall, the combination of high development expenses and stringent regulatory barriers restricts the speed and scale of vaccine innovation and distribution. To foster market growth, it is essential to promote streamlined regulatory pathways and enhanced funding opportunities that support faster development and wider access to vital vaccines globally.
Opportunities
- Expansion of Immunization Coverage and Access
- Pandemic Preparedness and Emerging Infectious Diseases
-
Investment in Vaccine Innovation and Product Pipeline - Major driver in the Preventable Vaccines Market. Leading pharmaceutical companies and research centers are channeling significant resources into the development of advanced vaccines aimed at combating a wider array of infectious diseases. This increasing focus on innovation accelerates the pace of scientific discovery, resulting in vaccines that are not only safer and more effective but also capable of tackling emerging health challenges such as new viral mutations and antibiotic-resistant infections.
The emergence of cutting-edge technologies like mRNA vaccine platforms and viral vector-based vaccines has transformed the vaccine development process. These technologies enable faster creation and production of vaccines, helping manufacturers expand their product pipelines and swiftly respond to urgent global health crises. Additionally, these advancements support ongoing research into vaccines with improved efficacy, longer-lasting immunity, and innovative delivery systems, which collectively enhance the market’s growth potential.
Strategic collaborations between governments, private companies, and international organizations play a critical role in boosting vaccine innovation efforts. Through joint funding and public-private partnerships, the financial risks and development costs are shared, facilitating a stronger and more diverse pipeline of preventable vaccines. Such partnerships also improve the accessibility and distribution of vaccines, especially in underserved regions and developing countries, further expanding market reach.
Overall, the rising investment in vaccine research and the continuous expansion of vaccine portfolios offer significant growth opportunities for the market. By fostering innovation and diversifying vaccine options, the industry is better equipped to address global infectious diseases, improve public health outcomes, and enhance preparedness against future pandemics.
Preventable Vaccines Market Competitive Landscape Analysis
Key players in Preventable Vaccines Market include.
- Pfizer Inc.
- GlaxoSmithKline plc (GSK)
- Merck & Co., Inc.
- Sanofi
- Johnson & Johnson
- AstraZeneca
- Moderna Inc.
- Novavax Inc.
- Serum Institute of India Pvt. Ltd.
- Bharat Biotech
- Sinovac Biotech Ltd.
- Daiichi Sankyo Company Limited
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Technology
- Market Snapshot, By Indication
- Market Snapshot, By Route Of Administration
- Market Snapshot, By Distribution Channel
- Market Snapshot, By End - User
- Market Snapshot, By Region
- Preventable Vaccines Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Awareness and Importance of Immunization
- Expanding Vaccination Programs and Government Initiatives
- Advancements in Vaccine Technology and Research
- Restraints
- Vaccine Hesitancy and Misinformation
- Logistical Challenges and Vaccine Access
- High Development Costs and Regulatory Hurdles
- Opportunities
- Expansion of Immunization Coverage and Access
- Pandemic Preparedness and Emerging Infectious Diseases
- Investment in Vaccine Innovation and Product Pipeline
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Preventable Vaccines Market, By Technology, 2021 - 2031 (USD Million)
-
Inactivated Vaccines
-
Live Attenuated Vaccines
-
Toxoid Vaccines
-
Others
-
- Preventable Vaccines Market, By Indication, 2021 - 2031 (USD Million)
-
Pneumococcal Disease
-
Influenza
-
Polio
-
Hepatitis
-
Others
-
-
Preventable Vaccines Market, By Route Of Administration, 2021 - 2031 (USD Million)
-
Oral
-
Parenteral
-
-
Preventable Vaccines Market, By Distribution Channel, 2021 - 2031 (USD Million)
-
Hospital Pharmacy
-
Online Pharmacy
-
Retail Pharmacy
-
-
Preventable Vaccines Market, By End-User, 2021 - 2031 (USD Million)
-
Hospitals
-
Homecare
-
Specialty Clinics
-
Others
-
- Preventable Vaccines Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Preventable Vaccines Market, By Technology, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Pfizer Inc.
- GlaxoSmithKline plc (GSK)
- Merck & Co., Inc.
- Sanofi
- Johnson & Johnson
- AstraZeneca
- Moderna Inc.
- Novavax Inc.
- Serum Institute of India Pvt. Ltd.
- Bharat Biotech
- Sinovac Biotech Ltd.
- Daiichi Sankyo Company Limited
- Company Profiles
- Analyst Views
- Future Outlook of the Market