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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Increasing Deployment of mRNA Technology in Vaccine Development is Aiding the Market Growth
The initiation of vaccine development through mRNA technology is increasing research and development (R&D) activities owing to the prevalence of various infectious diseases, such as Ebola, Zika, and influenza, among others. This trend has been fuelled due to the emergence of SARS-CoV-2, which is surging the requirement for effective vaccines to prevent morbidity and fatality, which has driven the market.
As research activities to develop efficient vaccines were initiated, mRNA technology was leveraged to easily modify the sequencing of vaccines to enable their effectiveness against the mutations of the novel virus, which has driven the market growth. Moreover, the development of mRNA vaccines against COVID-19 infections by leading companies, such as Pfizer and Moderna, has fuelled the market growth. The increasing approvals of the novel COVID-19 mRNA vaccines have provided further impetus to the market growth. For instance, the Food and Drug Administration of the United States authorised the emergency use of Pfizer’s mRNA vaccine, BNT162b2, in December 2020.
United States Vaccine Market Report Snapshots
United States Vaccine Market Size
United States Vaccine Market Growth
United States 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 United States vaccine market attained a value of nearly USD 14.82 billion.
The market is projected to grow at a CAGR of 9.8% between 2024 and 2032.
The market is being aided by the rising use of mRNA technology in vaccine development, the surge of the COVID-19 crisis, and the increasing approvals of the novel COVID-19 mRNA vaccines.
The industry is expected to be augmented by the rising demand for immunisation of infants, the deployment of cutting-edge technology in vaccine development, and advancements in biotechnology and genetic engineering.
The major regions in the industry are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The major technologies of vaccine in the industry are recombinant and conjugate vaccine, inactivated vaccines, live attenuated vaccines, and toxoid vaccines, among others.
The significant indications in the market are pneumococcal disease, influenza, human papilloma virus, meningococcal disease, rotavirus, varicella, measles, mumps, and rubella, diphtheria, pertussis, and tetanus (DPT), polio, and hepatitis, among others.
The various end uses of vaccines are paediatric vaccine, adult vaccine, and travellers vaccine.
The major players in the industry are GlaxoSmithKline plc, Merck & Co., Inc., Novartis AG, Pfizer Inc., Sanofi, AstraZeneca plc, and Johnson & Johnson Services, Inc., among others.
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124