Recombinant Vaccines Market
Recombinant Vaccines Market
The market for Recombinant Vaccines was estimated at $9.30 billion in 2024; it is anticipated to increase to $12.3 billion by 2030, with projections indicating growth to around $15.6 billion by 2035.
Global Recombinant Vaccines Market Outlook
Revenue, 2024 (US$B)
$9.3B
Forecast, 2034 (US$B)
$14.9B
CAGR, 2024 - 2034
4.8%
Market Key Insights
- The Recombinant Vaccines market is projected to grow from $9.3 billion in 2024 to $14.9 billion in 2034. This represents a CAGR of 4.8%, reflecting rising demand across Immunization Programs, Cancer Treatment and Veterinary.
- Merck & Co. Inc, 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 3.4% to 4.4% between 2024 and 2030.
- Emerging markets including India, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 5.3% to 6.7%.
- Transition like Shift Towards DNA Vaccines is expected to add $700.0 million to the Recombinant Vaccines market growth by 2030
- The Recombinant Vaccines market is set to add $5.6 billion between 2024 and 2034, with manufacturer targeting Hepatitis & Malaria Disease Type projected to gain a larger market share.
- With Technological advancements in vaccine development, and Increasing prevalence of infectious diseases, Recombinant Vaccines market to expand 60% between 2024 and 2034.
Opportunities in the Recombinant Vaccines
There is a growing concern about resistance leading to a renewed focus on using vaccines as a preventative measure against it. Recombinant vaccines might have a role in managing the spread of resistant strains and decreasing the dependence on antimicrobial drugs. Exploring this known use could create new chances, in the market.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Technological advancements in vaccine development, and Government funding and support
Restraint: High Production Costs
Opportunity: Advancements in Cancer Therapeutics and Focus on Neglected Tropical Diseases
Challenge: Regulatory Challenges
Supply Chain Landscape
Research & Development
GlaxoSmithKline
Pfizer
Merck
Vaccine Production
Novartis
Sanofi
Johnson & Johnson
Distribution & Logistics
UPS Healthcare
DHL
Implementation Authority
WHO
UNICEF
CDC
Research & Development
GlaxoSmithKline
Pfizer
Merck
Vaccine Production
Novartis
Sanofi
Johnson & Johnson
Distribution & Logistics
UPS Healthcare
DHL
Implementation Authority
WHO
UNICEF
CDC