What is the projected growth rate (CAGR) of the COVID-19 Vaccine Market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global COVID-19 Vaccine Market reached US$ 13.43 billion in 2024 and is expected to reach US$ 29.98 billion by 2033, growing at a CAGR of 9.8% during the forecast period 2025-2033.

What is COVID-19 Vaccine Market?

The COVID-19 Vaccine Market represents the global landscape of vaccines developed to prevent infection from the SARS-CoV-2 ***. It includes mRNA vaccines, *** vector-based vaccines, protein subunit vaccines, and inactivated *** vaccines. The market witnessed exponential growth due to emergency use authorizations, government funding, and mass immunization programs, and continues to evolve with variant-specific boosters and combination vaccines.

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Top Key Companies:

The major global players in the COVID-19 vaccine market include Pfizer/BioNTech, Moderna, Inc., AstraZeneca., Johnson & Johnson (Janssen Scientific Affairs, LLC), SINOVAC, CanSino Biologics Inc., Novavax., Sanofi/GSK, Beijing Institute of Biological Products Co., Ltd., Serum Institute of India Pvt. Ltd., and Gamaleya Research Institute among others.

Market Segments:

COVID-19 Vaccine Market is segmented By Infection Type, By Vaccine Type, By Route of Administration, By Age Group, By End-User.

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