Australia Vaccine Market Size & Outlook, 2026-2033
The vaccine market in Australia is expected to reach a projected revenue of US$ 3,716.8 million by 2033. A compound annual growth rate of 6.8% is expected of Australia vaccine market from 2026 to 2033.
The Australia vaccine market generated a revenue of USD 2,166.9 million in 2025 and is expected to reach USD 3,716.8 million by 2033.
The Australia market is expected to grow at a CAGR of 6.8% from 2026 to 2033.
In terms of segment, viral vaccines was the largest revenue generating indication in 2025.
Other Indication is the most lucrative indication segment registering the fastest growth during the forecast period.
Vaccine market data book summary
Market revenue in 2025
USD 2,166.9 million
Market revenue in 2033
USD 3,716.8 million
Growth rate
6.8% (CAGR from 2026 to 2033)
Largest segment
Viral vaccines
Fastest growing segment
Other Indication
Historical data
2021 - 2024
Base year
2025
Forecast period
2026 - 2033
Quantitative units
Revenue in USD million
Market segmentation
Viral Vaccines, Bacterial Vaccines, Cancer Vaccines, Allergy Vaccines, Other Indication
Key market players worldwide
Serum Institute of India Pvt. Ltd., CSL Ltd, Sanofi SA, GSK PLC, Merck & Co Inc, Pfizer Inc, Sinovac Biotech Ltd, BioNTech SE ADR, AstraZeneca PLC, Moderna Inc
Other key industry trends
In terms of revenue, Australia accounted for 3.0% of the global vaccine market in 2025.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
In Asia Pacific, China vaccine market is projected to lead the regional market in terms of revenue in 2033.
India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,198.2 million by 2033.
The favorable regulatory framework and high demand for influenza vaccines in the country are likely to boost market growth. For instance, in March 2022, Seqirus announced that its Flucelvax Quad (quadrivalent influenza vaccine) was approved by the Therapeutic Goods Administration (TGA) for children aged 2 years and older.
This was the first one-cell-based flu vaccine in the country. Furthermore, positive trial results of vaccine candidates are likely to provide momentum to the country’s market growth. For instance, in April 2022, Novavax published clinical data for the combined flu and COVID-19 vaccine, with promising outcomes. This trial was conducted in Australia.
Vaccination is strongly recommended for people at highest risk; for instance, children under 2 years, people aged 15 to 19, and international travelers. Earlier, the meningococcal ACWY vaccine was funded by NIP for infants aged 12 months and above. In 2019, it was funded for 10-year-olds through a school program. Moreover, increasing introduction of novel meningococcal vaccines in the country will drive market growth.
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 Vaccine Market Outlook will help companies and investors design strategic landscapes.
Viral Vaccines was the largest segment with a revenue share of 65.42% in 2025.
Horizon Databook has segmented the Australia vaccine market based on viral vaccines, bacterial vaccines, cancer vaccines, allergy vaccines, other indication covering the revenue growth of each sub-segment from 2021 to 2033.
The favorable regulatory framework and high demand for influenza vaccines in the country are likely to boost market growth. For instance, in March 2022, Seqirus announced that its Flucelvax Quad (quadrivalent influenza vaccine) was approved by the Therapeutic Goods Administration (TGA) for children aged 2 years and older.
This was the first one-cell-based flu vaccine in the country. Furthermore, positive trial results of vaccine candidates are likely to provide momentum to the country’s market growth. For instance, in April 2022, Novavax published clinical data for the combined flu and COVID-19 vaccine, with promising outcomes. This trial was conducted in Australia.
Vaccination is strongly recommended for people at highest risk; for instance, children under 2 years, people aged 15 to 19, and international travelers. Earlier, the meningococcal ACWY vaccine was funded by NIP for infants aged 12 months and above. In 2019, it was funded for 10-year-olds through a school program. Moreover, increasing introduction of novel meningococcal vaccines in the country will drive market growth.
Australia Vaccine Market Indication Outlook (Revenue, USD Million , 2021-2033)
Viral Vaccines
Bacterial Vaccines
Cancer Vaccines
Allergy Vaccines
Other Indication
Australia Vaccine Market Type Outlook (Revenue, USD Million , 2021-2033)
Subunit Vaccines
Inactivated
Live Attenuated
mRNA Vaccines
Viral Vector Vaccines
Australia Vaccine Market Route of Administration Outlook (Revenue, USD Million , 2021-2033)
Oral
Parenteral
Nasal
Australia Vaccine Market Age Group Outlook (Revenue, USD Million , 2021-2033)
Pediatric Age Group
Adult Age Group
Australia Vaccine Market Distribution Channel Outlook (Revenue, USD Million , 2021-2033)
Hospital & Retail Pharmacies
Government Suppliers
Others Distribution Channel
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia Vaccine Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Australia Vaccine Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.