COVID-19 Vaccines & Therapeutics Market size was valued at USD in 2024 and is forecasted to grow at a CAGR of % from 2026 to 2033, reaching USD by 2033.
The global COVID 19 vaccines and therapeutics market was valued at USD 129.0 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. The vaccines segment accounted for a significant share of the market due to increased demand during the pandemic and ongoing vaccination efforts globally. The therapeutics segment, including antiviral drugs, monoclonal antibodies, and supportive care treatments, also experienced substantial growth. With advancements in vaccine development, the therapeutics market is expected to continue growing as new drugs enter the market and existing therapies are optimized. The market is largely driven by government investments and the growing need for booster shots in response to emerging variants of concern.
Regionally, North America holds the largest share of the COVID 19 vaccines and therapeutics market, with the U.S. contributing significantly to market revenue. In 2022, North America was valued at USD 60.3 billion, reflecting the high vaccination rates and continued demand for treatments. Europe followed closely, with a market size of USD 30.5 billion, driven by widespread vaccination campaigns and increasing health measures. The Asia Pacific market is expected to grow at the highest CAGR of 7.5%, owing to the growing population and the increasing awareness of COVID 19 prevention measures. Latin America and the Middle East & Africa markets are also expected to experience steady growth as vaccination and therapeutic efforts expand in these regions.
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Pfizer
Moderna Therapeutics
AstraZeneca
Janssen
Novavax
Gilead Sciences
Eli Lilly and Company
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global COVID-19 Vaccines & Therapeutics Market
Inactivated Vaccines
mRNA Vaccines
Protein Subunit Vaccines
Viral Vector Vaccines
Monoclonal Antibodies
Antiviral Drugs
Immunomodulators
Corticosteroids
Immune System Stimulation
Direct Antiviral Action
Prevention of Viral Replication
Inhibition of Cytokine Storm
Intramuscular
Intranasal
Oral
Injection
Tablet
Spray
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global COVID-19 Vaccines & Therapeutics Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global COVID-19 Vaccines & Therapeutics Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global COVID-19 Vaccines & Therapeutics Market, By Type
6. Global COVID-19 Vaccines & Therapeutics Market, By Application
7. Global COVID-19 Vaccines & Therapeutics Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global COVID-19 Vaccines & Therapeutics Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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