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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
GlaxoSmithKline plc, established in 2000 with headquarters in Brentford, United Kingdom, is one of the biggest research-based pharmaceutical firms in the world that produces, promotes, and distributes products for human health. It creates novel vaccinations and specialised medications for the purpose of preventing and treating diseases. They operate three multinational companies that conduct research, develop, and produce cutting-edge pharmaceutical drugs, vaccines, and consumer healthcare items.
Novartis AG, with its headquarters in Basel, Switzerland was founded in 1996. A leading global company specialising in medicine, the company uses innovative science and digital technologies to create transformative treatments in areas of great need. It employs cutting-edge research and digital technology as a major global pharmaceutical firm to develop game-changing medications when there is an urgent medical need.
AstraZeneca plc was founded in 1999 and is headquartered in Cambridge, United Kingdom, with a focus on the creation, production, and research of pharmaceutical products. The company develops, produces, and sells pharmaceutical and biotechnology products to treat cancer, cardiovascular conditions, infections, neurological conditions, respiratory conditions, gastrointestinal conditions, and inflammatory conditions.
Other market players include Pfizer Laboratories Ltd, and Sanofi, among others.
Latin America Vaccine Market Report Snapshots
Latin America Vaccine Market Size
Latin America Vaccine Market Analysis
Latin America Vaccine Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the Latin America market for vaccines attained a value of nearly USD 5.59 billion.
The market is projected to grow at a CAGR of 7.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 10.41 billion by 2032.
The major drivers of the Latin America vaccine market include the growing consumer awareness of the benefits of vaccines, improvements in healthcare infrastructure, and rising initiatives by both public and private organisations.
The increased prevalence of various infectious illnesses and growing research and development efforts for new vaccines are the key trends propelling the growth of the market.
The various technologies of vaccines in the market are recombinant and conjugate vaccine, inactivated vaccines, live attenuated vaccines, and toxoid vaccines, among others.
The major countries in the market are Brazil, Argentina, and Mexico.
Vaccines include a harmless form of the bacteria or virus that causes the illness that patients are immunised against, protecting them from the full effects of the illness.
The most well-known example of a highly effective vaccination is smallpox immunisation with vaccinia virus.
The major players in the market are GlaxoSmithKline plc, Novartis AG, Pfizer Laboratories Ltd, Sanofi, and AstraZeneca plc., among others.
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