What is the projected growth rate (CAGR) of the Inactivated Vaccines Market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Inactivated Vaccines Market reached US$22.60 billion in 2024 and is expected to reach US$34.26 billion by 2033, growing at a CAGR of 4.8% during the forecast period 2024-2032.

What is the Inactivated Vaccines Market?

This market consists of vaccines containing virus or bacterial pathogens rendered inactive through heat or chemical methods. It includes products used in routine immunization and public health campaigns with a strong safety profile, especially in pediatric and immunocompromised populations.

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Top Key Companies:

The major global players in the inactivated vaccines market are Serum Institute of India Pvt. Ltd., GSK plc., Sanofi, Biological E Limited., Bharat Biotech., Bio Farma, Merck & Co., Inc., Valneva SE., Pfizer Inc., and KM Biologics, among others.

Market Segments:

Inactivated Vaccines Market is segmented By Vaccine Type and by Pathogen.

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