Thailand Vaccine Market Size & Outlook, 2026-2033
- Pharmaceuticals
- Vaccines
- Vaccine Market Outlook
- Vaccines
Global Market
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Thailand vaccine market highlights
- The Thailand vaccine market generated a revenue of USD 447.2 million in 2025 and is expected to reach USD 814.1 million by 2033.
- The Thailand market is expected to grow at a CAGR of 7.6% 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 447.2 million |
| Market revenue in 2033 | USD 814.1 million |
| Growth rate | 7.6% (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, Thailand accounted for 0.6% 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.
In Thailand, the vaccine market is primarily saturated with foreign players and their subsidiaries, such as Sanofi and Pfizer, Inc. Furthermore, several government interventions to treat flu and infectious diseases are anticipated to fuel market growth. For instance, in August 2022, Thailand announced its plans to treat flu in the same way as COVID-19. Such government interventions are expected to drive the market.
Moreover, in January 2022, National Vaccine Institute of Thailand and International Vaccine Institute signed an agreement to strengthen their partnership in terms of capacity building and R&D of vaccines.
Meningococcal vaccine in not included in Thailand’s NIP, but it is highly recommended for those who have weak immune systems as well as those traveling to high-risk areas. Moreover, increase in initiatives by government and nongovernment bodies to reduce the disease burden in the country is expected to drive vaccination against meningococcal disease in the country.
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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 |
Thailand 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 67.29% in 2025.
Horizon Databook has segmented the Thailand 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.
In Thailand, the vaccine market is primarily saturated with foreign players and their subsidiaries, such as Sanofi and Pfizer, Inc. Furthermore, several government interventions to treat flu and infectious diseases are anticipated to fuel market growth. For instance, in August 2022, Thailand announced its plans to treat flu in the same way as COVID-19. Such government interventions are expected to drive the market.
Moreover, in January 2022, National Vaccine Institute of Thailand and International Vaccine Institute signed an agreement to strengthen their partnership in terms of capacity building and R&D of vaccines.
Meningococcal vaccine in not included in Thailand’s NIP, but it is highly recommended for those who have weak immune systems as well as those traveling to high-risk areas. Moreover, increase in initiatives by government and nongovernment bodies to reduce the disease burden in the country is expected to drive vaccination against meningococcal disease in the country.
- Thailand Vaccine Market Indication Outlook (Revenue, USD Million , 2021-2033)
- Viral Vaccines
- Bacterial Vaccines
- Cancer Vaccines
- Allergy Vaccines
- Other Indication
- Thailand Vaccine Market Type Outlook (Revenue, USD Million , 2021-2033)
- Subunit Vaccines
- Inactivated
- Live Attenuated
- mRNA Vaccines
- Viral Vector Vaccines
- Thailand Vaccine Market Route of Administration Outlook (Revenue, USD Million , 2021-2033)
- Oral
- Parenteral
- Nasal
- Thailand Vaccine Market Age Group Outlook (Revenue, USD Million , 2021-2033)
- Pediatric Age Group
- Adult Age Group
- Thailand 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 Thailand Vaccine Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Thailand Vaccine Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Thailand Vaccine Market, 2021-2033 (US$M)
Thailand vaccine market statistics, by indication, 2021-2033 (US$M)
