Press release
Adult Vaccines Global Market Report 2024: Strong Growth driven by Aging Population, Emergence of New Infectious Threats, and Technological Advancements
Adult Vaccines Market Size
What Is The Projected Market Size Of The Global Adult Vaccines Market And Its Growth Rate?
• Recent growth in the adult vaccines market has seen an increase from $22.82 billion in 2024 to a projected $24.49 billion in 2025. A compound annual growth rate (CAGR) of 7.3% is attributed to the increasing aging population, government vaccination programs, and growing awareness of preventive healthcare.
• A stronger growth is expected in upcoming years, with the market expected to reach $35.22 billion in 2029 at a CAGR of 9.5%, driven by new infectious threats, increasing focus on immunization registries, global efforts for pandemic preparedness, and increased focus on maternal immunization.
What Is Driving The Growth In The Adult Vaccines Global Market Report 2024?
The rising prevalence of contagious diseases is propelling the market for adult vaccines. A surge in contagious diseases such as tuberculosis, reported by Centers for Disease Control and Prevention, indicates an urgent need for efficient vaccination programs. Vaccines offering immunity against such infectious diseases are becoming an essential infection-fighting mechanism, consequently driving more growth in the adult vaccine market.
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Who Are the Key Players Driving Adult Vaccines Global Market Report 2024 Growth?
• GlaxoSmithKline PLC
• Merck & Co
• Sanofi Pasteur
• Pfizer Inc
• Commonwealth Serum Laboratories Limited
• Johnson & Johnson
• Serum Institute of India
• AstraZeneca PLC
• Novartis AG
• Protein Sciences Corporation
• Emergent BioSolutions Inc.
• Bavarian Nordic A/S
• Dynavax Technologies Corporation
• Novavax Inc
• Medimmune LLC
• BioNTech SE
• Moderna
• Inovio Pharmaceuticals
• Sinovac
• Valneva Se
• Biological E Limited
• Panacea Biotec
• Shenzhen Kangtai Biological Products
• Beijing Tiantan Biological Products
• Hualan Biological Engineering
• Chengdu Institute of Biological Products
• Bharat Biotech International Limited
• Takeda Pharmaceutical Company Limited
What Are The Key Trends In The Adult Vaccines Global Market Report 2024?
• Digital health integration in the vaccine sector.
• Technological advancements in vaccine production.
• Collaborative efforts among governments and pharmaceutical companies.
• Advancements in vaccine delivery technologies.
• Expansion of immunization programs.
What Are The Segments Of The Global Adult Vaccines Global Market Report 2024?
1) By Vaccine Type: Monovalent, Multivalent
2) By Technology: Live Attenuated Vaccines, Inactivated Viral Or Bacterial Vaccines, Toxoid Vaccines, Recombinant Vaccines, Conjugate Vaccines
3) By Application: Influenza, DPT, Human Papillomavirus, Zoster, Pneumococcal, Hepatitis
4) By End Users: Healthcare Firms, Hospitals
Which Region Leads The Adult Vaccines Global Market Report 2024?
In 2024, North America was the largest player in the adult vaccines market. Asia-Pacific is anticipated to be the fastest-growing region in the following years. The adult vaccines market report covers multiple regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Adult Vaccines Global Market Report 2024 Global Market Report?
- Market Size Analysis: Analyze the Adult Vaccines Global Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Adult Vaccines Global Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Adult Vaccines Global Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Adult Vaccines Global Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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