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Report Overview
The Latin America vaccine market was valued at USD 4700.08 Million in 2025, driven by the continuous development of vaccines by the pharmaceutical companies across the region. The market is anticipated to grow at a CAGR of 5.10% during the forecast period of 2026-2035 to achieve a value of USD 7729.16 Million by 2035.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
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Increasing government immunisation programmes and public health initiatives in Latin America are driving vaccine demand, particularly for childhood immunisations, influenza, and COVID-19 boosters, supporting steady market growth.
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Expanding local vaccine production and strategic partnerships between global pharmaceutical firms and regional manufacturers are enhancing supply chain resilience and reducing dependency on imports.
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Rising awareness of infectious diseases and improved healthcare infrastructure across Latin American countries are fostering greater vaccine adoption, with a focus on preventative care and universal immunisation coverage.
Leading Players in the Latin America Vaccine Market
Pfizer Inc., founded in 1849 and headquartered in New York, USA, Pfizer Inc. is a leading global pharmaceutical company with a strong presence in the market. The company develops and manufactures innovative vaccines for infectious diseases, including pneumococcal disease, COVID-19, and meningococcal infections. Pfizer played a crucial role in Latin America’s COVID-19 immunisation efforts through its mRNA-based Comirnaty vaccine, developed in partnership with BioNTech. With continued investments in research and production, Pfizer remains a key player in advancing vaccine accessibility and innovation across the region, addressing emerging health challenges with cutting-edge immunisation solutions.
Butantan Institute (Brazil), established in 1901 and headquartered in São Paulo, Brazil, the Butantan Institute is a leading biomedical research centre and vaccine manufacturer in Latin America. It plays a crucial role in Brazil’s immunisation programmes, producing vaccines for diseases such as influenza, dengue, and COVID-19. The institute collaborates with international pharmaceutical firms to enhance vaccine production and distribution. Its extensive research in virology and biotechnology has positioned it as a key driver of vaccine innovation and public health initiatives, ensuring widespread immunisation coverage and strengthening Latin America's vaccine security.
BioNTech, founded in 2008 and headquartered in Mainz, Germany, BioNTech is a biotechnology company specialising in mRNA-based vaccines and immunotherapies. It gained global recognition for co-developing the Comirnaty COVID-19 vaccine with Pfizer, significantly impacting Latin America's vaccination efforts. The company focuses on innovative vaccine development for infectious diseases and personalised cancer therapies. BioNTech continues to expand its vaccine portfolio through cutting-edge research and collaborations, aiming to introduce next-generation immunisation solutions in Latin America, addressing public health challenges with advanced biotechnological approaches.
Sanofi Pasteur, the vaccines division of Sanofi, was founded in 1907 and is headquartered in Lyon, France. It is a major player in the market, supplying vaccines for diseases such as influenza, polio, and yellow fever. The company actively supports immunisation programmes across the region, enhancing disease prevention through its broad vaccine portfolio. Sanofi Pasteur invests in research and development to introduce innovative vaccines, ensuring high-quality immunisation solutions for Latin American populations. Its commitment to global health positions it as a leader in combating infectious diseases through advanced vaccination strategies.
Other market players include Pfizer Laboratories Ltd, and Sanofi, among others.
Latin America Vaccine Market Report Snapshots
*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 Latin America market for vaccines attained a value of nearly USD 4700.08 Million.
The market is projected to grow at a CAGR of 5.10% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach USD 7729.16 Million by 2035.
The major drivers of the Latin America vaccine market include the growing consumer awareness of the benefits of vaccines, improvements in healthcare infrastructure, and rising initiatives by both public and private organisations.
The increased prevalence of various infectious illnesses and growing research and development efforts for new vaccines are the key trends propelling the growth of the market.
The various technologies of vaccines in the market are recombinant and conjugate vaccine, inactivated vaccines, live attenuated vaccines, and toxoid vaccines, among others.
The major countries in the market are Brazil, Argentina, and Mexico.
Vaccines include a harmless form of the bacteria or virus that causes the illness that patients are immunised against, protecting them from the full effects of the illness.
The most well-known example of a highly effective vaccination is smallpox immunisation with vaccinia virus.
The major players in the market are GlaxoSmithKline plc, Novartis AG, Pfizer Laboratories Ltd, Sanofi, and AstraZeneca plc., among others.
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