PUBLISHER: The Business Research Company | PRODUCT CODE: 1691913
PUBLISHER: The Business Research Company | PRODUCT CODE: 1691913
Inactivated vaccines, also known as killed vaccines, belong to a category of vaccines that contain viruses or bacteria that have been rendered nonfunctional or inactivated through methods like heat, chemicals, or radiation. These vaccines are specifically developed to elicit an immune response in the vaccinated individual without causing the disease itself.
The primary categories of inactivated vaccines include viral and bacterial vaccines. Viral vaccines are biological preparations containing weakened or inactivated virus components that serve to stimulate the immune system and provide immunity against the targeted viral infection. These viruses are rendered nonfunctional through processes such as solvent detergent treatment, radiation, pH adjustment, heat inactivation, and other methods. These vaccines are typically distributed through hospital pharmacies, retail pharmacies, and other relevant channels.
The inactivated vaccines market research report is one of a series of new reports from The Business Research Company that provides inactivated vaccines market statistics, including inactivated vaccines industry global market size, regional shares, competitors with an inactivated vaccines market share, detailed inactivated vaccines market segments, market trends and opportunities and any further data you may need to thrive in the inactivated vaccines industry. This inactivated vaccines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The inactivated vaccines market size has grown steadily in recent years. It will grow from $6.19 billion in 2024 to $6.44 billion in 2025 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to polio eradication efforts, influenza vaccination programs, emerging infectious diseases, regulatory approvals.
The inactivated vaccines market size is expected to see steady growth in the next few years. It will grow to $7.75 billion in 2029 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to pandemic preparedness, expanding vaccine coverage, biomanufacturing advancements, health equity initiatives. Major trends in the forecast period include mrna vaccine platforms, combination vaccines, thermostable vaccines, digital vaccine passports.
The rising prevalence of infectious diseases is expected to drive the growth of the inactivated vaccine market in the future. Infectious diseases are illnesses caused by pathogens such as bacteria, viruses, fungi, or parasites, which can spread from one person to another, leading to various symptoms and health complications. Tuberculosis is an example of such diseases. Inactivated vaccines use non-living pathogens to trigger an immune response, effectively preventing illnesses like polio, hepatitis A, and influenza. For example, in November 2023, the Centers for Disease Control and Prevention (CDC), a US-based national public health agency, reported an increase in the number of tuberculosis cases in the U.S., rising from 8,320 in 2022 to 9,615 in 2023, marking an increase of 1,295 cases. Therefore, the growing prevalence of infectious diseases is fueling the expansion of the inactivated vaccine market.
The increasing immunization initiatives are poised to foster the growth of the inactivated vaccines market in the coming years. Immunization initiatives encompass organized campaigns and efforts designed to vaccinate individuals or communities against specific infectious diseases, ultimately shielding them from these health threats. The expansion of immunization initiatives constitutes a significant factor in the inactivated vaccines market. The proliferation of vaccination campaigns results in higher demand for inactivated vaccines, thereby stimulating market growth and encouraging investments in research and development. For instance, data from the World Health Organization, a Switzerland-based intergovernmental organization, indicates that vaccines annually prevent 4-5 million lives from being lost globally due to infectious diseases like hepatitis, diphtheria, tetanus, pertussis (whooping cough), measles, and polio. Furthermore, in 2022, approximately 84% of infants worldwide received three doses of the polio vaccine. Similarly, an estimated 84% of infants in countries utilizing oral polio vaccine (OPV) received their initial inactivated polio vaccine (IPV) dose during the same year. Consequently, the growing immunization initiatives are a driving force behind the expansion of the inactivated vaccines market.
Prominent companies engaged in the inactivated vaccines market are introducing cutting-edge and advanced inactivated vaccines to maintain their market positioning. Inactivated vaccines encompass vaccines containing non-live virus particles, bacteria, or other pathogens that have been cultured and subsequently rendered non-viable to eliminate their disease-causing capabilities. As an illustration, in January 2022, GSK PLC, a UK-based pharmaceutical and biotechnology enterprise, unveiled a novel inactivated vaccine known as Shingrix, designed for shingles protection. Shingrix is a non-live, recombinant subunit adjuvanted vaccine administered via intramuscular injection in two doses. Initially indicated for individuals aged 50 and older, its application has recently been expanded to encompass individuals aged 18 and older who face an elevated risk of developing shingles due to immunodeficiency or immunosuppression triggered by a known medical condition or medical treatment.
In April 2022, Albumedix Ltd., a UK-based biotechnology company, forged a collaboration with Valneva SE. This collaborative venture between Albumedix Ltd. and Valneva is expected to contribute to an augmentation in the production capacity of inactivated COVID-19 vaccines. The increased production capacity is intended to cater to the escalating demand for COVID-19 vaccines. Valneva SE is a French biotechnology enterprise with expertise in the discovery, manufacture, and distribution of inactivated vaccines designed to combat infectious diseases.
Major companies operating in the inactivated vaccines market are Pfizer Inc., Johnson & Johnson Services Inc., Sinopharm Group Co. Ltd., Merck & Co. Inc., Sanofi S.A., GlaxoSmithKline PLC, Takeda Pharmaceutical Company Limited, Astellas Pharma Inc., CSL Limited, Daiichi Sankyo Company Limited, Mitsubishi Tanabe Pharma Corporation, Novavax Inc., Zydus Lifesciences Ltd., Sinovac Biotech Ltd., Biological E Limited, Hualan Biological Engineering Inc., CanSino Biologics Inc., Shenzhen Kangtai Biological Products Co. Ltd., Serum Institute of India Pvt. Ltd., Beijing Tiatan Biological Products Co. Ltd., Valneva SE, Bavarian Nordic A/S., Beijing Minhai Biotechnology Co. Ltd., Bharat Biotech International Limited, Panacea Biotec Ltd., Sinergium Biotech SA, Bharat Immunologicals and Biologicals Corporation Limited, Haffkine Biopharmaceutical Corporation Limited, Incepta Vaccine Ltd., Changchun BCHT Biotechnology Co. Ltd.,.
North America was the largest region in the inactivated vaccines market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in inactivated vaccines report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the inactivated vaccines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, and Spain.
The inactivated vaccines market consists of sales of whole-cell inactivated vaccines, subunit or protein subunit vaccines, conjugate vaccines and toxoid vaccines. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Inactivated Vaccines Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on inactivated vaccines market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for inactivated vaccines ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The inactivated vaccines market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.