1. What is the projected Compound Annual Growth Rate (CAGR) of the Adult Preventable Vaccines?
The projected CAGR is approximately 5.0%.
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Adult Preventable Vaccines by Type (Inactivated Vaccines, Subunit Vaccines, Mrna Vaccines, Viral Vector Vaccines, Peptide Vaccines), by Application (Prevent Influenza, Prevent Pneumococcal Infection, Prevent Hepatitis B, Prevent Herpes Zoster, Prevent Human Papillomavirus (Hpv), Other), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The adult preventable vaccine market, currently valued at $29.81 billion in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 5.0% from 2025 to 2033. This expansion is driven by several key factors. Firstly, increasing awareness of vaccine-preventable diseases and the associated morbidity and mortality among adults fuels demand for preventative measures. Secondly, advancements in vaccine technology, particularly the development and deployment of mRNA vaccines following the COVID-19 pandemic, have broadened the possibilities for effective and safer vaccines. This has spurred investment in R&D and accelerated the introduction of new vaccines targeting various diseases, including influenza, pneumococcal infections, and shingles. Furthermore, supportive government policies and initiatives aimed at promoting vaccination programs globally contribute significantly to market growth. The rising geriatric population, globally, presents a considerable market opportunity, as older adults are more susceptible to vaccine-preventable illnesses. Finally, the increasing prevalence of chronic conditions among adults, which may render them more vulnerable to infection, further elevates the market demand.
Segment-wise, mRNA and viral vector vaccines are expected to witness the highest growth due to their efficacy and adaptability. Geographically, North America and Europe currently dominate the market due to advanced healthcare infrastructure and high vaccine adoption rates. However, rapidly developing economies in Asia-Pacific and other regions are predicted to demonstrate substantial growth in the coming years, driven by increasing healthcare expenditure and rising health awareness. Market restraints include vaccine hesitancy, the high cost of vaccines, particularly newer technologies, and logistical challenges in vaccine distribution, especially in low-resource settings. Despite these challenges, the long-term outlook remains positive, with significant potential for expansion fuelled by technological innovation and increased public health awareness. Companies like Pfizer, Merck, and GSK are actively involved in research and development, along with numerous other players contributing to this dynamic market landscape.
The adult preventable vaccines market exhibits robust growth, projected to reach several billion USD by 2033. The study period (2019-2033), encompassing the historical period (2019-2024), base year (2025), and forecast period (2025-2033), reveals a consistent upward trajectory. This surge is driven by a confluence of factors, including rising geriatric populations globally, increased awareness of vaccine efficacy in preventing serious diseases, and the introduction of novel vaccine formulations. The market is segmented by vaccine type (inactivated, subunit, mRNA, viral vector, peptide) and application (influenza, pneumococcal infection, hepatitis B, herpes zoster, HPV, and others). The estimated market value in 2025 surpasses several billion USD, indicating significant market penetration. The demand for vaccines preventing influenza, pneumococcal infections, and HPV is particularly high, reflecting the prevalence and severity of these diseases in the adult population. Furthermore, technological advancements in vaccine development, coupled with supportive government policies and initiatives promoting vaccination campaigns, significantly contribute to market expansion. The competitive landscape is characterized by numerous multinational pharmaceutical companies engaged in research, development, and distribution of these vaccines, leading to continuous innovation and product diversification. While challenges remain in terms of vaccine hesitancy and equitable access, the overall outlook for the adult preventable vaccines market remains positive, promising substantial growth throughout the forecast period.
Several key factors are fueling the expansion of the adult preventable vaccines market. Firstly, the escalating global geriatric population presents a large and increasingly susceptible demographic requiring protection from age-related illnesses. Secondly, rising healthcare expenditure and improved healthcare infrastructure in numerous countries foster increased investment in and accessibility of vaccination programs. The growing awareness among adults about the benefits of vaccination and the prevention of severe diseases, such as influenza and pneumonia, contributes to higher vaccine uptake. Simultaneously, the continuous research and development efforts by pharmaceutical companies are leading to the introduction of more effective and convenient vaccines, such as mRNA-based vaccines, expanding the market further. Government initiatives and public health campaigns promoting vaccination also play a crucial role. Furthermore, the increasing prevalence of chronic conditions like diabetes and cardiovascular disease, which increase susceptibility to infections, contribute significantly to the growth of this market. Finally, favorable reimbursement policies and insurance coverage make these vaccines more affordable and accessible, further stimulating market expansion.
Despite the favorable market dynamics, the adult preventable vaccines market encounters significant challenges. Vaccine hesitancy and misinformation remain substantial obstacles, hindering widespread adoption and affecting vaccination rates. The high cost of vaccine development and production can limit affordability, particularly in low- and middle-income countries. Furthermore, the complexity of vaccine administration and storage, especially for certain types like mRNA vaccines, presents logistical hurdles, particularly in regions with limited healthcare infrastructure. The emergence of new viral strains and the need for continuous vaccine updates contribute to ongoing R&D costs and potentially impact the market's stability. Regulatory hurdles and approval processes can also slow down the market entry of new vaccines. Finally, the potential for adverse effects, though rare, can contribute to public apprehension and vaccine hesitancy, impacting demand. Overcoming these challenges necessitates robust public health campaigns, affordable pricing strategies, improved logistics, and continuous investment in research and development.
The North American and European markets are projected to dominate the adult preventable vaccines market during the forecast period, driven by high healthcare expenditure, advanced healthcare infrastructure, and a relatively high level of vaccination awareness. However, the Asia-Pacific region is expected to exhibit substantial growth due to its expanding geriatric population and increasing healthcare investment.
Segments Dominating the Market:
Application: Prevent Influenza: The high prevalence of influenza and its potential complications, particularly in older adults, drives strong demand for influenza vaccines. The seasonal nature of influenza also ensures sustained demand year after year. This segment is projected to hold a significant market share throughout the forecast period. Millions of doses are administered annually, contributing substantially to overall market revenue.
Type: Inactivated Vaccines: Inactivated vaccines, due to their established safety profile and relatively straightforward manufacturing processes, maintain a significant market share. While mRNA vaccines are emerging, inactivated vaccines are likely to continue holding a substantial portion of the market, particularly for established vaccines like influenza and hepatitis B vaccines.
In Paragraph Form: The influenza prevention segment is projected to dominate owing to the high incidence of influenza, particularly amongst vulnerable populations such as the elderly. The consistently high demand for annual influenza vaccinations makes it a market leader. In terms of vaccine type, inactivated vaccines are expected to continue holding a strong position due to their established safety profiles and established manufacturing infrastructure. While innovative vaccine types like mRNA vaccines are rapidly growing, the established track record and widespread availability of inactivated vaccines ensure their ongoing dominance for at least the next decade. Regional market dominance lies with North America and Europe due to higher per capita healthcare spending, robust healthcare infrastructure and higher vaccine uptake rates compared to other regions. However, the rapidly developing economies of the Asia-Pacific region will show the fastest growth in the coming years.
The adult preventable vaccines industry is poised for substantial growth fueled by technological advancements leading to safer and more effective vaccines, growing awareness of vaccine benefits among adults, supportive government policies promoting vaccination programs, and an increasing geriatric population susceptible to vaccine-preventable diseases. These factors collectively drive market expansion.
This report provides a comprehensive overview of the adult preventable vaccines market, covering market size, growth trends, key players, driving forces, challenges, and future prospects. The report's detailed segmentation by vaccine type and application provides granular insights into various market segments, allowing for a thorough understanding of market dynamics. The inclusion of historical data, market estimates, and future projections enable stakeholders to make informed decisions.
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 5.0% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research

Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 5.0%.
Key companies in the market include Pfizer Inc., Merck & Co., Inc., GlaxoSmithKline plc (GSK), Sanofi Pasteur, Moderna, Inc., Serum Institute of India Pvt., Bharat Biotech International, CSL Limited (Seqirus), Emergent BioSolutions Inc., Daiichi Sankyo Company, Novavax, Inc., Sinovac Biotech, Sinopharm Group Co.,, Johnson & Johnson (Janssen), AstraZeneca plc.
The market segments include Type, Application.
The market size is estimated to be USD 29810 million as of 2022.
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The market size is provided in terms of value, measured in million and volume, measured in K.
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