Global Vaccine Trends in 2024
Vaccine is part of Therapy and includes a number of sub-sectors such as Antimalarials, Neutralizing Antibody and mRNA Vaccine. You may also be interested in Anesthetics, Anti-Infective and Cardiovascular Drug.
Global vaccine exports are projected to reach approximately $32.8 billion by 2028, up from $30.2 billion in 2023. This marks an average annual growth rate of 1.5%. The global supply has seen a year-on-year increase of 2.4% since 2019. In 2023, Ireland led the world in vaccine exports, totaling around $7.1 billion. Belgium, the United Kingdom, and France followed, ranking second, third, and fourth, respectively. Notably, Peru experienced a significant year-on-year increase of 61%, while Senegal saw an 18% decrease since 2019. Global vaccination coverage is also on the rise. By 2028, it is expected to reach 89% of children aged one year, up from 87% in 2023. This reflects a compound annual growth rate (CAGR) of 0.5 percentage points. Since 1985, the global market has increased by 0.5 percentage points annually.
Top 10 countries
In 2024 major markets in the Vaccine Industry were:
World Vaccine Market Data and Forecasts
How much the Vaccine industry is expected to grow to 2028?
World Vaccine Top Rankings
Global Vaccine Statistics
- Vaccination Coverage 225 countries (Africa, Sub-Saharan Africa, Latin America...)
- Vaccine Import 188 countries (Africa, Sub-Saharan Africa, Latin America...)
- Vaccine Export 158 countries (Asia, Latin America, Africa...)
- Measles Immunization Coverage 224 countries (Africa, Sub-Saharan Africa, Latin America...)