Global Vaccine Industry Outlook
The global vaccines industry is forecast to experience a rapid growth spearheaded by the leading vaccine manufacturers in the world who make different types of vaccines. The recent global pandemic of Covid-19 has also had a huge positive impact on this market as many world’s top vaccine companies are now focused on developing the most effective vaccination to combat this highly infectious and life-threatening virus, known as Coronavirus. The global vaccine market is expected to register a strong growth over the next five years as there is intense competition among the list of vaccine manufacturers that are placing greater emphasis on the research and development of live vaccines. The list of vaccines that are commonly administered include diseases like chickenpox, diphtheria, influenza, meningococcal, and Hepatitis A. Several leading vaccine manufacturers are spending heavily to develop vaccination for babies and vaccination schedule for adults in the wake of rising number of diseases that can be prevent with vaccines.
According to the latest market report from Technavio, the global vaccines market size has the potential to grow by USD 13.81 billion during 2020-2024, registering a strong CAGR of 7% during the forecast period. For more information about the global vaccine market size, top vaccine manufacturers, and future trends in this market, check Technavio’s Global Vaccines Market Report 2020-2024, or request your Global Vaccines Market Report Sample for FREE
How do Vaccines Work?
Vaccines work by developing and enhancing the immunity of the body to naturally fight against serious infections and illnesses. Vaccines are basically meant to train and strengthen the immune system to develop resistance against anti-bodies and illnesses by imitating an infection to create a natural immune response. Most of the active types of vaccines remain in the system as anti-bodies even after they have completed their process of creating a stronger immunity system. On classification of vaccines, it is observed there are five types of vaccines presently administered to infants and adults.
- Live Vaccines
- Inactive Vaccines
- Toxoid Vaccines
- Conjugate Vaccines
- Subunit Vaccines
The growth of the leading vaccine manufacturers in the world is driven by the global economic recovery which has led to higher level of disposable income with more people realizing the importance of vaccination for their infants and children to get vaccinated.
Top 10 Vaccine Manufacturers in the World 2020
GlaxoSmithKline is one of the largest vaccine manufacturers in the world and was established in 1873 by Joseph Edward Nathan at Wellington, New Zealand. Presently, GlaxoSmithKline is headquartered at London, United Kingdom and the CEO is Emma Walmsley. GlaxoSmithKline regularly features at the top of the list of vaccine manufacturers and has an annual revenue of more than USD 35 billion. Around one million professionals are employed by this top vaccine company and the list of vaccines made by GlaxoSmithKline include Ambirix, Boostrix, Menjugate, Rabipur, and Varilix.
2. Merck & Co
Merck & Co is considered as among the top vaccine companies in the world and also one of the largest pharmaceutical companies in the world. Merck & Co was founded in 1891 by George Merck in the US. The headquarters of this leading vaccine manufacturer is at New Jersey, US and almost 70,000 individuals work for Merck & Co. The annual sales revenue of Merck & Co is estimated to be around USD 40 billion and some of the top-selling vaccines made by this top vaccine company are GARDASIL, RECOMBIVAX HB, RotaTeq, VARIVAX, and ZOSTAVAX.
Sanofi is another of the top vaccine manufacturers in the world specialized in research and development of highly effective vaccination for babies. Sanofi was established in 1973 as a subsidiary of Elf Aquitane. Subsequently, Sanofi later merged with Aventis in 2004 and changed its name to Sanofi in May 2011. The headquarters of this top vaccine company from France is at Paris and has more than 110,000 employees working around the world. The annual revenue of Sanofi is more than USD 40 billion and some of the top-selling list of vaccines made by the company are Act-HIB, Adacel-Polio, Pediacel, ViVAXIM, Quadracel, and YF-VAX.
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On the leading list of vaccine manufacturers, Pfizer consistently ranks among the top 10 vaccine manufacturers in the world. Pfizer was founded in 1849 by Charles Pfizer and Charles F. Erhart with its head office located at New York, US. Pfizer is regarded as one of the top vaccine companies with a global presence and almost 98,000 professionals are employed with the company. The yearly revenue of Pfizer is around USD 50 billion, and the vaccine brands owned by the company include Prevnar 13, NeisVac-C, Mencevax, Nimenrix, and Trumenba.
Novavax is another top vaccine manufacturer developing a comprehensive list of vaccines for more than three decades. Novavax was established in 1987 at Maryland, US as a clinical-stage biotech company. The annual revenue of Novavax was more than USD 22 billion at the end of 2017 and the top vaccine company is forecasted to experience a rapid growth over the next few years. The list of vaccines in the pipeline or manufactured by Novavax include RSV F, NanoFlu, and ResVax.
6. Emergent BioSolutions
Emergent BioSolutions is one of the top 10 vaccine manufacturers in the world and this top vaccine company develops antibody therapeutics and vaccines for infectious diseases, autoimmune disorders, and oncology. Emergent BioSolutions was founded in 1998 under the name of BioPort and is headquartered at Maryland, US. Emergent BioSolutions has an annual revenue of almost USD 600 million and approximately 1,300 employees work for the company from 13 global locations. The list of vaccines manufactured by Emergent BioSolutions include BioThrax, ACAM2000, FLU-IGIV, and UNI-FLU.
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CSL is a global vaccine manufacturer that emphasizes on researching and developing a comprehensive list of vaccines for the prevention of serious life-threatening diseases. CSL was incorporated in 1916 and the head office is located at Melbourne, Australia. CSL is estimated to have an annual sales revenue of almost USD 7 billion with more than 20,000 professionals employed across 60 countries. Some of the top-selling vaccines available from CSL are Fluvax, Panvax, Pneumovax, Tet-Tox, and Varivax.
8. Inovio Pharmaceuticals
Inovio Pharmaceuticals is a rapidly growing vaccine manufacturer in the list of vaccine manufacturers. Inovio Pharmaceuticals was established in 1979 and is headquartered at Plymouth, US. Inovio Pharmaceuticals has almost 300 employees and an estimated annual revenue of around USD 400 million. The list of vaccines developed by Inovio Pharmaceuticals include PENNVAX-B, VGX-3400, and INO-5401.
9. Bavarian Nordic
Bavarian Nordic is one of the top 10 vaccine manufacturers in the world and specializes in R&D of immunotherapies for cancer treatment and vaccines for infectious diseases. Bavarian Nordic was founded in 1994 and this leading vaccine company is headquartered at Kvistgaard, Denmark. Bavarian Nordic also has a R&D facility at Martinsried, Germany and employs around 500 professionals across the globe. Some of the notable vaccines made by Bavarian Nordic are IMVAMUNE, MVA-BN Filo, MVA-BN HPV, and MBA-BN RSV.
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10. Mitsubishi Tanabe
Mitsubishi Tanabe is among the leading vaccine manufacturers in the world and is a part of the Mitsubishi Chemical Holdings Group. Mitsubishi Tanabe was established in 1981 after the merger between Tokyo Tanabe and Mitsubishi Chemicals and has around 2,000 professionals employed with this top vaccine company. The list of vaccines made by Mitsubishi Tanabe are TETRABIK, JEBIK V, Mearubik, and Varicella vaccine.
Vaccine Manufacturers: Future Direction and Market Trends
The leading vaccine manufacturers in the manufacturers are geared for a stellar growth over the next few years owing to the increasing importance of vaccination for babies to prevent infectious and life-threating diseases. The rising public awareness about maintaining an optimally effective vaccination schedule and growing number of initiatives taken by the government will favor the growth of the global human vaccines market in the next five years. With the booming population and growing prevalence of infectious diseases, the demand for different types of vaccine is expected to keep rising and augment the revenues of the top 10 vaccine manufacturers in the world.
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