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Report Overview

The global conjugate vaccine market size attained a value of USD 19.71 Billion in 2025 driven by increasing scientific research and the rising demand for meningococcal vaccine. The market is anticipated to grow at a CAGR of 11.00% during the forecast period of 2026-2035 to attain a value of USD 55.96 Billion by 2035.

2025

Base Year

2019-2025

Historical Period

2026-2035

Forecast Period

Compound Annual Growth Rate

11%

Value in USD Billion

2026-2035


*this image is indicative*

Favourable Initiatives by Governments and Organisations Across the Globe Augmenting the Market Growth

The governments of various countries are introducing favourable schemes and programs to accelerate and promote conjugate vaccination in their countries. This is also propelling the market growth. For instance, the Indian government rolled out an anti-pneumonia vaccine as a part of its Universal Immunisation Program. Moreover, countries like the Democratic Republic of Congo, Pakistan, and Nigeria account for the highest death rate of people with pneumonia under the age of five years. Hence, various non-profit organisations are rolling out vaccination drives while raising awareness regarding preventable diseases in the regions. This is anticipated to fuel the market growth for conjugate vaccine.

Pneumonia is one of the dominant causes of child death worldwide. The rising demand to prevent pneumonia and acute respiratory infections is aiding the market growth. Various benefits associated with conjugate vaccines are also increasing their use. They can not only easily result in herd immunity but also have an excellent safety record. Moreover, they improve immunity and memory while providing long-lasting protection. This is increasing the demand for pneumococcal vaccines that aids in the prevention of pneumonia, especially in emerging economies. As pneumococcal conjugate vaccines are suitable for major age groups, their demand is increasing, which, in turn, is invigorating the market growth.

Conjugate Vaccine: Market Segmentation

A conjugated vaccine is a vaccine that is composed of weak antigens and a protein carrier molecule. It enhances the immune system and improves antigen’s immunogenicity. It also reduces asymptomatic carriage of the bacteria. Moreover, the vaccine is effective for a long period of time without resulting in any major side effects.

Market Breakup by Type

  • Monovalent Conjugate Vaccines
  • Multivalent Conjugate Vaccines

Market Breakup by Indications

  • Pneumococcal Disease
  • Influenza
  • Meningococcal Disease
  • Diphtheria Tetanus and Pertussis (DTP)
  • Others

Market Breakup by Pathogen Type

  • Bacterial Conjugate Vaccine
  • Viral Conjugate Vaccine
  • Combination (Viral and Bacterial)

Market Breakup by Patient Type

  • Pediatrics
  • Adults

Market Breakup by End User

  • Hospitals
  • Clinics
  • Homecare Settings
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Rising Demand for Meningococcal Vaccine to Bolster the Market Growth for Conjugate Vaccine

According to the World Health Organisation (WHO), meningococcal meningitis, the bacterial form of meningitis, is prevalent in sub-Saharan Africa ranging from Senegal in the west to Ethiopia in the east. As it occurs in the region each year between December and June, various organisations and governments are rolling out vaccination drives in the region. This is increasing the use of meningococcal vaccine, hence augmenting the market growth. Moreover, the launch of various immunisation programs to generate awareness regarding the benefits of conjugate vaccines is providing further impetus to the market growth.

The exponential rise in population is expected to increase the demand for various vaccines, especially among children. The rising attempts of various non-profit organisations for approvals of conjugate vaccines are increasing its demand, hence augmenting the market growth. Increasing scientific research to develop more efficient vaccines is further invigorating the market growth. In addition, the surge of novel pathogens, which can potentially cause severe illnesses, are anticipated to propel the growth of the conjugate vaccine industry in the forecast period. Moreover, the rising demand for diphtheria, pertussis, and tetanus vaccines among children to prevent complications is also catalysing the market growth, therefore significantly contributing to the overall industry growth.

Key Industry Players in the Global Conjugate Vaccine Market

The report presents a detailed analysis of the following key players in the global conjugate vaccine market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Serum Institute of India Pvt., Ltd.
  • Groupe Sanofi
  • Pfizer Inc. 
  • Novartis AG
  • Bharat Biotech Ltd.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

*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 2025, the global market for conjugate vaccine reached a value of USD 19.71 Billion.

The market is anticipated to grow at a CAGR of 11.00% during the forecast period of 2026-2035 to reach a value of USD 55.96 Billion by 2035.

The industry is being driven by favourable government initiatives and the rising attempts to prevent pneumonia—related deaths.

The market is expected to be driven by the increasing scientific research and the rising demand for meningococcal vaccine.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major types of conjugate vaccine in the industry are monovalent conjugate vaccine and multivalent conjugate vaccine.

The significant disease indications in the market are pneumococcal, influenza, diphtheria tetanus and pertussis (DTP), and meningococcal, among others.

The leading pathogen types of conjugate vaccine are bacterial conjugate vaccine, viral conjugate vaccine, and combined conjugate vaccine.

The dominant patients of conjugate vaccine are adults and paediatrics.

The major players in the industry are Serum Institute of India Pvt., Ltd., Groupe Sanofi, Pfizer Inc., Novartis AG, and Bharat Biotech Ltd., among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2025
Historical Period 2019-2025
Forecast Period 2026-2035
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Indications
  • Pathogen Type
  • Patient Type
  • End User
  • Region
Breakup by Type
  • Monovalent Conjugate Vaccines
  • Multivalent Conjugate Vaccines
Breakup by Indications
  • Pneumococcal Disease
  • Influenza
  • Meningococcal Disease
  • Diphtheria Tetanus and Pertussis (DTP)
  • Others
Breakup by Pathogen Type
  • Bacterial Conjugate Vaccine
  • Viral Conjugate Vaccine
  • Combination (Viral and Bacterial)
Breakup by Patient Type
  • Pediatrics
  • Adults
Breakup by End User
  • Hospitals
  • Clinics
  • Homecare Settings
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Merck & Co., Inc.
  • Novartis AG
  • Serum Institute of India Pvt. Ltd.
  • Pfizer Inc.
  • Sanofi
  • Bharat Biotech
  • Biological E
  • GlaxoSmithKline plc.
  • Astellas Pharma Inc.
  • AstraZeneca
  • SutroVax Inc.
  • CSL Limited
  • Bavarian Nordic
  • Emergent BioSolutions Inc.
  • Valneva SE
  • Moderna, Inc.
  • Novavax
  • Johnson & Johnson Services, Inc.
  • Themis Bioscience GmbH
  • B. Braun Melsungen AG

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