Recombinant Vaccines Market
The market for Recombinant Vaccines was estimated at $16.3 billion in 2024; it is anticipated to increase to $29.5 billion by 2030, with projections indicating growth to around $48.4 billion by 2035.
Global Recombinant Vaccines Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Recombinant Vaccines industry revenue is expected to be around $18.0 billion in 2025 and expected to showcase growth with 10.4% CAGR between 2025 and 2034.
The innovative approach to vaccination technology showcases an integration of safety and effectiveness in Recombinant Vaccines development field leading to enhanced health and disease control measures being introduced by them at the forefront of immunization practices over the last decade-a remarkable achievement, in medical biotechnology advancement. The market for Recombinant Vaccines has been experiencing changes due to key trends such as the creation of new vaccines for COVID 19 and HPV which have increased the demand, for these vaccines even further.
Market Key Insights
- The Recombinant Vaccines market is projected to grow from $16.3 billion in 2024 to $43.8 billion in 2034. This represents a CAGR of 10.4%, reflecting rising demand across Immunization Programs, Cancer Treatment and Veterinary.
- Merck & Co., GlaxoSmithKline plc, Pfizer Inc. are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Recombinant Vaccines market and are expected to observe the growth CAGR of 7.6% to 10.9% between 2024 and 2030.
- Emerging markets including India, Brazil and Mexico are expected to observe highest growth with CAGR ranging between 10.0% to 13.0%.
- Transition like Shift Towards DNA Vaccines is expected to add $1 billion to the Recombinant Vaccines market growth by 2030.
- The Recombinant Vaccines market is set to add $27.5 billion between 2024 and 2034, with manufacturer targeting Hepatitis B & Rotavirus Disease Indication projected to gain a larger market share.
- With Technological advancements in vaccine development, and Increasing prevalence of infectious diseases, Recombinant Vaccines market to expand 169% between 2024 and 2034.