Live Attenuated Vaccines Market
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Live Attenuated Vaccines Market size was valued at USD 14.5 billion in 2023 and is expected to reach USD 35.6 billion by 2032 growing at a CAGR of 10.4% over the analysis period, due to the increasing incidences of viral and bacterial infections worldwide along with growing emphasis on vaccination as a preventive measure.
According to the World Health Organization (WHO), the estimated number of people who fell ill with tuberculosis worldwide in 2022 increased to 10.6 million, up from 10.3 million in 2021 and 10.0 million in 2020. The rise in tuberculosis cases highlighted the ongoing challenges in combating this infectious disease and emphasized the need for intensified efforts in prevention, diagnosis, and treatment to address this concerning global health issue. This demand surge, coupled with advancements in vaccine development and distribution infrastructure, has further accelerated market growth.
Report Attribute | Details |
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Base Year: | 2023 |
Live Attenuated Vaccines Market size in 2023: | USD 14.5 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2023 - 2032 CAGR: | 10.4 |
2023 Value Projection: | USD 35.6 Billion |
Historical Data for: | 2021 – 2023 |
No of Pages: | 190 |
Tables, Charts & Figures: | 319 |
Segments Covered: | Vaccine Type, Development, Age Group, Mode of Administration, Indication, End-use, and Region |
Growth Drivers: |
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Pitfalls Challenges: |
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Live attenuated vaccines are a type of vaccine composed of weakened forms of pathogens, typically viruses or bacteria, which are capable of replicating within the body but are attenuated or weakened to a degree that they cause minimal or no disease symptoms. These vaccines stimulate a robust immune response by mimicking natural infections, leading to the production of memory cells that provide long-lasting immunity against the targeted pathogen.
Based on the vaccine type, the market is classified into bacterial vaccine and viral vaccine. The viral vaccines segment has asserted its dominance in the global market by securing a significant share and experiencing growth of 10.3% between 2024 - 2032.
Based on the development, the live attenuated vaccines market is classified into tissue culture, embryonated eggs, and live animals. The tissue culture segment held the largest market share of 42.6% in 2023.
Based on the mode of administration, the live attenuated vaccines market is classified into oral, injectable, and intranasal. The injectable segment held the largest market share in 2023 and is expected to reach USD 20 billion by 2032.
Based on the age group, the live attenuated vaccines market is classified into pediatrics and adults. The pediatrics segment held the largest market share projecting its dominance throughout the forecast period.
Based on the indication, the live attenuated vaccines market is classified into tuberculosis, measles, rotavirus, yellow fever, oral polio, influenza, and other indications. The measles segment is poised to dominate the global market, with an anticipated growth of 10.4% during the analysis period.
Based on the end-use, the live attenuated vaccines market is categorized into hospitals, specialty clinics, and other end-users. The hospitals segment accounted for 49.1% market share in 2023 and is expected to reach USD 17.6 billion by 2032. The hospital segment is further classified into public and private sectors.
North America region is projected to maintain its lead in the global live attenuated vaccines market, anticipated to reach USD 12 billion by 2032.
In the live attenuated vaccines industry, numerous key players are engaged in competition to secure market share. They drive innovation through significant R&D investments, striving to introduce novel vaccine formulations and expand their product portfolios. Moreover, supported by robust distribution networks, strategic partnerships, and regulatory approvals, these companies maintain a strong competitive position worldwide, facilitating sustained growth and market leadership.
Prominent players operating in the live attenuated vaccines market are as mentioned below:
Market, By Vaccine Type
Market, By Development
Market, By Mode of Administration
Market, By Age Group
Market, By Indication
Market, By End-use
The above information is provided for the following regions and countries:
Boehringer Ingelheim International GmbH, GlaxoSmithKline, plc., Haffkine Biopharmaceutical Corporation Limited, HBI, Merck & Co., Sanofi, Serum Institute of India Ltd., Valneva SE, Zydus Group among others
North America live attenuated vaccines industry held a decent market share in 2023 and is anticipated to reach USD 12 billion by 2032, owing to the presence of advanced research facilities.
The viral vaccines type segment held a significant share in 2023 and is set to grow at 10.3% CAGR between 2024
The global live attenuated vaccines market crossed USD 14.5 billion in 2023 and is expected to reach USD 35.6 billion by 2032, due to the increasing incidences of viral and bacterial infections worldwide.