Global Pneumococcal Vaccine Market Size & Outlook

The global pneumococcal vaccine market size was estimated at USD 8,070.9 million in 2023 and is projected to reach USD 12,191.7 million by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
Revenue, 2023 (US$M)
$8,070.9
Forecast, 2030 (US$M)
$12,191.7
CAGR, 2024 - 2030
6.1%
Report Coverage
Worldwide

Global pneumococcal vaccine market, 2018-2030 (US$M)

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Global pneumococcal vaccine market highlights

  • The global pneumococcal vaccine market generated a revenue of USD 8,070.9 million in 2023 and is expected to reach USD 12,191.7 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 6.1% by 2030.
  • In terms of segment, pneumococcal conjugate vaccine accounted for a revenue of USD 7,514.2 million in 2023.
  • Pneumococcal Conjugate Vaccine is the most lucrative vaccine type segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 8,070.9 million
Market revenue in 2030USD 12,191.7 million
Growth rate6.1% (CAGR from 2023 to 2030)
Largest segmentPneumococcal conjugate vaccine
Fastest growing segmentPneumococcal Conjugate Vaccine
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPneumococcal Conjugate Vaccine, Pneumococcal Polysaccharide Vaccine

Other key industry trends

  • In terms of revenue, the North America accounted for 75.4% of the global pneumococcal vaccine market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Canada is the fastest growing regional market and is projected to reach USD 645.8 million by 2030.

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Pneumococcal Vaccine Market Companies

Name Profile # Employees HQ Website
Beijing Minhai Biotechnology Co. View profile 501-1000 Beijing, Beijing, China, Asia https://en.biominhai.com
CSL Ltd View profile 32000 655 Elizabeth Street, Melbourne, VIC, Australia, 3000 https://www.csl.com
Walvax Biotechnology View profile 11-50 Kunming, Yunnan, China, Asia http://www.walvax.com
Serum Institute of India Pvt. Ltd. View profile 1001-5000 Pune, Maharashtra, India, Asia http://www.seruminstitute.com/
GSK PLC View profile 70200 980 Great West Road, Brentford, Middlesex, United Kingdom, TW8 9GS https://www.gsk.com
Merck & Co Inc View profile 72000 126 East Lincoln Avenue, Rahway, NJ, United States, 07065 https://www.merck.com
Sanofi SA View profile 87994 46, avenue de la Grande Armée, Paris, France, 75017 https://www.sanofi.com
Pfizer Inc View profile 88000 66 Hudson Boulevard East, New York, NY, United States, 10001-2192 https://www.pfizer.com

Global pneumococcal vaccine market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pneumococcal vaccine market will help companies and investors design strategic landscapes.


Pneumococcal conjugate vaccine was the largest segment with a revenue share of 93.1% in 2023. Horizon Databook has segmented the Global pneumococcal vaccine market based on pneumococcal conjugate vaccine, pneumococcal polysaccharide vaccine covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Pneumococcal Vaccine Vaccine Type Outlook (Revenue, USD Million, 2018-2030)
    • Pneumococcal Conjugate Vaccine
    • Pneumococcal Polysaccharide Vaccine
  • Global Pneumococcal Vaccine Product Outlook (Revenue, USD Million, 2018-2030)
    • Prevnar 13
    • Synflorix
    • Pneumovax 23
    • VAXNEUVANCE
    • PNEUMOSIL
    • Other Products
  • Global Pneumococcal Vaccine End Use Outlook (Revenue, USD Million, 2018-2030)
    • Public Sector
    • Private Sector

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Target buyers of Global pneumococcal vaccine market databook

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Horizon Databook provides a detailed overview of global-level data and insights on the Global pneumococcal vaccine market, including forecasts for subscribers. This global databook contains high-level insights into Global pneumococcal vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global pneumococcal vaccine market size, by regions, 2018-2030 (US$M)

Top 10 countries: Pneumococcal vaccine market size, 2023 (US$M)

Global pneumococcal vaccine market share, by vaccine type, 2023 & 2030 (%, US$M)

Pneumococcal vaccine market: Opportunity assessment by country

Global pneumococcal vaccine market, by region, 2023 (US$M)

Global pneumococcal vaccine market size, by regions, 2018-2030 (US$M)

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