Sweden Vaccine Market Size & Outlook, 2026-2033
- Pharmaceuticals
- Vaccines
- Vaccine Market Outlook
- Vaccines
Global Market
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Sweden vaccine market highlights
- The Sweden vaccine market generated a revenue of USD 532.4 million in 2025 and is expected to reach USD 774.0 million by 2033.
- The Sweden market is expected to grow at a CAGR of 4.6% 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 532.4 million |
| Market revenue in 2033 | USD 774.0 million |
| Growth rate | 4.6% (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, Sweden accounted for 0.7% 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 Europe, Germany vaccine market is projected to lead the regional market in terms of revenue in 2033.
- France is the fastest growing regional market in Europe and is projected to reach USD 3,784.9 million by 2033.
Continuous developments by companies operating in the market are contributing to the market growth. For instance, in January 2021, Moderna announced a collaboration with Sweden’s Recipharn to manufacture and supply mRNA vaccines in the country.
In addition, in January 2020, the International Vaccine Institute (IVI) announced that the Swedish International Development Cooperation Agency will continue to support IVI’s aim to boost vaccine R&D with a contribution of USD 5.24 million over the next 5 years as part of the collaboration between IVI and the Swedish government.
Thus, such initiatives are anticipated to create growth opportunities in the market in the coming years. In September 2022, Valneva SE and VBI Vaccines, Inc. announced a collaboration focused on certain European markets. The purpose of this partnership is to facilitate the marketing and distribution of PreHevbri [Hepatitis B vaccine (recombinant, adsorbed)], the sole 3-antigen hepatitis B vaccine approved for use in Europe.
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Publish Date: Jul 28, 2025
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Vaccine Market Scope
Vaccine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Pfizer Inc | View profile | 88,000 | 66 Hudson Boulevard East, New York, NY, United States, 10001-2192 | www.pfizer.com |
| Sanofi SA | View profile | 87,994 | 46, avenue de la Grande Armée, Paris, France, 75017 | www.sanofi.com |
| Merck & Co Inc | View profile | 72,000 | 126 East Lincoln Avenue, Rahway, NJ, United States, 07065 | www.merck.com |
| GSK PLC | View profile | 70,200 | 980 Great West Road, Brentford, Middlesex, United Kingdom, TW8 9GS | www.gsk.com |
| Serum Institute of India Pvt. Ltd. | View profile | 1001-5000 | Pune, Maharashtra, India, Asia | www.seruminstitute.com/ |
| AstraZeneca PLC | View profile | 89,900 | 1 Francis Crick Avenue, Cambridge Biomedical Campus, Cambridge, United Kingdom, CB2 0AA | www.astrazeneca.com |
| Sinovac Biotech Ltd | View profile | 3,261 | No.39, Shangdi Xi Road, Haidan District, Beijing, China, People's Republic of, 100085 | www.sinovac.com |
| CSL Ltd | View profile | 32,000 | 655 Elizabeth Street, Melbourne, VIC, Australia, 3000 | www.csl.com |
| BioNTech SE ADR | View profile | 6,133 | An der Goldgrube 12, Mainz, RP, Germany, D-55131 | www.biontech.de |
| Moderna Inc | View profile | 5,600 | 200 Technology Square, Cambridge, MA, United States, 02139 | www.modernatx.com |
Sweden 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 Vaccine Market Outlook will help companies and investors design strategic landscapes.
Viral Vaccines was the largest segment with a revenue share of 64.07% in 2025.
Horizon Databook has segmented the Sweden 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.
Continuous developments by companies operating in the market are contributing to the market growth. For instance, in January 2021, Moderna announced a collaboration with Sweden’s Recipharn to manufacture and supply mRNA vaccines in the country.
In addition, in January 2020, the International Vaccine Institute (IVI) announced that the Swedish International Development Cooperation Agency will continue to support IVI’s aim to boost vaccine R&D with a contribution of USD 5.24 million over the next 5 years as part of the collaboration between IVI and the Swedish government.
Thus, such initiatives are anticipated to create growth opportunities in the market in the coming years. In September 2022, Valneva SE and VBI Vaccines, Inc. announced a collaboration focused on certain European markets. The purpose of this partnership is to facilitate the marketing and distribution of PreHevbri [Hepatitis B vaccine (recombinant, adsorbed)], the sole 3-antigen hepatitis B vaccine approved for use in Europe.
- Sweden Vaccine Market Indication Outlook (Revenue, USD Million , 2021-2033)
- Viral Vaccines
- Bacterial Vaccines
- Cancer Vaccines
- Allergy Vaccines
- Other Indication
- Sweden Vaccine Market Type Outlook (Revenue, USD Million , 2021-2033)
- Subunit Vaccines
- Inactivated
- Live Attenuated
- mRNA Vaccines
- Viral Vector Vaccines
- Sweden Vaccine Market Route of Administration Outlook (Revenue, USD Million , 2021-2033)
- Oral
- Parenteral
- Nasal
- Sweden Vaccine Market Age Group Outlook (Revenue, USD Million , 2021-2033)
- Pediatric Age Group
- Adult Age Group
- Sweden 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 Sweden Vaccine Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Sweden Vaccine Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Sweden Vaccine Market, 2021-2033 (US$M)
Sweden vaccine market statistics, by indication, 2021-2033 (US$M)
