The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The adult vaccines market has witnessed robust growth in recent years, with a projected increase from $21.48 billion in 2023 to $23.09 billion in 2024, boasting a compound annual growth rate (CAGR) of 7.5%. This expansion is attributed to several factors, including the aging population, government vaccination programs, and heightened awareness of preventive healthcare. Further, vaccine development, innovation, and public health campaigns have contributed significantly to this growth trajectory.

Forecasting Strong Momentum
Looking ahead, the adult vaccines market is poised for continued expansion, reaching an estimated value of $32.13 billion by 2028, with a CAGR of 8.6%. Emerging infectious threats, immunization registries, and the escalating threat of antimicrobial resistance are expected to fuel this growth, alongside global efforts for pandemic preparedness and a shift towards personalized vaccines. Maternal immunization is also gaining traction as a focus area for preventive healthcare.

Spotlight on Trends
As the market evolves, several trends are shaping its landscape. The integration of digital health, advancements in vaccine production technologies, and strategic collaborations between governments and pharmaceutical companies are among the key trends driving innovation. Moreover, advancements in vaccine delivery technologies and expanding immunization programs are further propelling the market forward, promising a dynamic future for adult vaccinations.

Rising Prevalence of Contagious Diseases Drives Growth in Adult Vaccine Market
Understanding the Dynamics
The escalating prevalence of contagious diseases is a significant driver of growth in the adult vaccine market. With diseases spreading rapidly from person to person, vaccines play a pivotal role in building immunity and combating infections. The impact of contagious diseases is evident, with staggering figures reflecting the toll of diseases such as COVID-19 and tuberculosis (TB) on global health.

Market Players and Contributions
Major companies in the adult vaccines market, including GlaxoSmithKline PLC, Merck & Co, Sanofi Pasteur, Pfizer Inc., and others, are actively engaged in vaccine research, development, and distribution. Their efforts are instrumental in addressing the growing demand for adult vaccines, bolstering preventive healthcare initiatives worldwide.

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Strategic Collaborations Drive Innovation in Adult Vaccines
Strategic Alliances
Leading companies in the adult vaccines market are forging strategic collaborations to advance vaccine development and commercialization. These partnerships facilitate the pooling of resources, expertise, and capabilities to achieve common goals, such as the development of personalized cancer vaccines.

Case in Point: Merck & Co., Inc. and Moderna Collaboration
A notable collaboration between Merck & Co., Inc. and Moderna focuses on the development and commercialization of personalized cancer vaccines. The partnership aims to leverage Moderna’s mRNA-4157/V940, in combination with Merck’s anti-PD-1 therapy, for the treatment of high-risk melanoma patients, marking a significant milestone in cancer immunotherapy.

GSK Expands Vaccine Portfolio Through Strategic Acquisition
Strategic Acquisition
GSK’s acquisition of Affinivax, Inc. in August 2022 underscores the company’s commitment to expanding its vaccine portfolio. Affinivax’s innovative pneumococcal and adult vaccines, based on the Multiple Antigen Presenting System (MAPS) platform technology, complement GSK’s existing offerings, positioning the company for continued growth and innovation.

Segmentation and Regional Outlook
Segmentation Overview
The adult vaccines market is segmented based on vaccine type, technology, application, and end-users, offering a comprehensive view of the market landscape. From monovalent to multivalent vaccines and live attenuated to recombinant vaccines, the market caters to diverse healthcare needs and preferences.

Regional Dynamics
North America emerged as the largest region in the adult vaccines market in 2023, with Asia-Pacific poised to witness the fastest growth during the forecast period. These regional dynamics underscore the global nature of vaccine distribution and highlight opportunities for market expansion and innovation.

In conclusion, the adult vaccines market is experiencing unprecedented growth driven by evolving healthcare needs, technological advancements, and strategic collaborations. As the market continues to evolve, stakeholders must remain agile and proactive in addressing emerging challenges and opportunities, ensuring access to safe, effective, and innovative vaccines for adults worldwide.

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