PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1882970
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1882970
The global pediatric vaccines market is experiencing strong growth driven by rising childhood immunization programs, expanding government support, and increasing focus on vaccine-preventable diseases. According to the report, the pediatric vaccines market size stood at USD 45.36 billion in 2024, and is projected to increase to USD 46.86 billion in 2025, before reaching USD 95.04 billion by 2032, reflecting a robust CAGR of 10.6% from 2025 to 2032. In 2024, North America dominated the market with a 43.23% share, owing to strong healthcare systems, high immunization coverage, and frequent product launches.
Pediatric vaccines play a crucial role in strengthening immunity among children and preventing life-threatening diseases such as polio, measles, malaria, pneumococcal infections, mumps, and more. The market is supported by major companies- including GSK plc., Merck & Co., Inc., and Sanofi-that are expanding production capacity to meet rising global demand. Increasing government and nonprofit investments aimed at protecting children from vaccine-preventable diseases further fuel market expansion. For instance, in June 2025, the Gates Foundation invested USD 1.60 billion over five years to support Gavi's vaccination programs worldwide.
Market Dynamics
Drivers
Growing government support and large-scale childhood vaccination programs are major drivers of the market. International organizations such as UNICEF and GAVI collaborate with governments to procure vaccines and deliver immunization services. As an example, GAVI reported in January 2025 that since 2023, UNICEF has delivered over 9.8 million malaria vaccine doses to children across 17 African nations. This highlights the increasing scale of pediatric immunization initiatives globally.
Restraints
Despite strong worldwide demand, vaccine hesitancy continues to hinder adoption in many low- and middle-income countries. Misinformation, mistrust in healthcare systems, cultural barriers, and limited access to medical facilities contribute to low vaccination rates. WHO identified vaccine hesitancy as one of the top ten global health threats in 2019, and levels of mistrust have increased since the COVID-19 pandemic.
Opportunities
Significant opportunities exist through growing research and development initiatives targeting diseases that currently lack approved vaccines. Highly contagious diseases such as Lassa fever and Enterotoxigenic E. coli (ETEC) continue to affect thousands of children. As per a February 2024 NIH report, Lassa fever causes 5,000 deaths annually and accounts for 100,000-300,000 cases each year, with no approved vaccine available yet. This unmet need is encouraging global expansion of vaccine research pipelines.
Challenges
A major challenge for the pediatric vaccines market is the lack of cold chain storage and logistics infrastructure in low-income regions. According to a 2021 report by Sustainable Energy for All, 2.7 billion people lack dependable access to vaccines due to supply chain limitations and unreliable cold storage-leading to vaccine wastage and reduced accessibility.
Market Trends
One of the most significant trends is the increasing global shift toward combination vaccines, which reduce the number of injections children require, simplify immunization schedules, and improve overall vaccination coverage. For example, in July 2025, GAVI introduced a hexavalent vaccine in Mauritania and Senegal that protects against six diseases, replacing previous pentavalent and IPV vaccines.
Segmentation Highlights
The recombinant/conjugate/subunit vaccine type dominated the market in 2024 due to high effectiveness and regulatory support. Live attenuated, inactivated, mRNA, viral vector, and toxoid vaccines are also witnessing strong demand driven by robust research pipelines and expanding approvals.
By disease indication, viral disease vaccines held the largest share owing to the high prevalence of measles, rubella, polio, HPV, and influenza. Bacterial disease vaccines are set to grow steadily, supported by new launches like Abbott's PneumoShield 14 in 2024.
The oral route leads the market due to ease of administration and suitability for mass immunization programs, while parenteral vaccines continue to expand with advanced delivery technologies.
North America generated USD 19.61 billion in revenue in 2024, solidifying its leadership through strong infrastructure and innovation. Europe maintains high immunization rates but faces supply gaps, while Asia Pacific is expected to grow fastest due to rising disease outbreaks and vaccination demand. Latin America and the Middle East & Africa continue to expand through WHO and GAVI-supported programs.
Conclusion
With the market expected to rise from USD 45.36 billion in 2024 to USD 95.04 billion by 2032, the pediatric vaccines industry remains on a strong growth trajectory. Government funding, technological advancements, and expanding immunization programs will continue to drive global market momentum through 2032.
Segmentation By Type
By Disease Indication
By Route of Administration
By Distribution Channel
By Region