Prof Research published a new market report on the global vaccines market. It presents the largest 16 manufacturers in the vaccines market. The report is a professional and in-depth study on the current state of the global vaccines market with a focus on the Chinese market. The report provides key statistics on the market of vaccines. It is a valuable source of guidance and direction for companies and individuals interested in the vaccines industry.

The global vaccines market was valued to be 42.0 billion USD in 2020. The vaccines production value is anticipated to have a sharp growth with the CAGR of 52.9% in the coming years to reach 537.3 billion USD in 2026 driven by the demand of COVID-19 vaccine.

Sanofi, Merck, GlaxoSmithKline and Pfizer are the top 4 vaccine producers in 2020 and has 72.2% market share. However, this situation is changed in 2021 due to the huge demand for the COVID-19 vaccine. Pfizer has become the absolute leader of vaccines due to their COVID-19 vaccine sales booming. Sinovac Biotech, Moderna and AstraZenecea enter the top 6 vaccine producers due to COVID-19 vaccine demand. GlaxoSmithKline, Merck and Sanofi keep in the top 6, but their market share is substantially reduced.

COVID-19, Influenza, Pneumococcal disease, HPV, Meningitis and Hepatitis are the top 6 vaccines. Due to the demand surge, the COVID-19 vaccine occupies the largest market share in 2021.