South & Central America Vaccines Market Report 2031 by Segments, Geography, Dynamics, Recent Developments, and Strategic Insights

The South & Central America Vaccines Market size is expected to reach US$ 6,576.1 Million by 2031 from US$ 4,593.3 Million in 2024. The market is estimated to record a CAGR of 5.3% from 2025 to 2031.

Executive Summary and South & Central America Vaccines Market Analysis:

The South & Central America vaccine market is divided into Brazil, Argentina, and the Rest of the region. Brazil is the highest contributor among all the regions, with Argentina also being a top performer in regional market growth. The major driver for this market is the growing need for vaccines that is fueled by increased awareness of immunization and disease prevention from infectious diseases. Additionally, local vaccine producers are focusing on research, enhancing the effectiveness and coverage of vaccines through cutting-edge technology and studies. Governments have also contributed significantly by mobilizing a number of national health programs and public-private partnerships that facilitate vaccine production and availability. These efforts aim to strengthen the public health system and achieve universal immunization coverage. Consequently, the region is experiencing consistent advancements in vaccine availability and coverage. All these factors combined are building a conducive climate for long-term growth in the vaccine market in South & Central America.

South & Central America Vaccines Market: Strategic Insights

South & Central America Vaccines Market Segmentation Analysis:

• By Type, the South & Central America Vaccines Market is segmented into Conjugated Vaccines, Inactivated Vaccines, Live Vaccines, Recombinant Vaccines, and Toxoid Vaccines. The Conjugated Vaccines segment held the largest share of the market in 2024.
• By Indication, the South & Central America Vaccines Market is segmented into HPV, PCV, DTP, Hepatitis, Influenza, Dengue, and Other. The HPV segment held the largest share of the market in 2024.
• By Route of Administration, the South & Central America Vaccines Market is segmented into Injection, Oral, and Other. The injection segment held the largest share of the market in 2024.
• By Age Group, the South & Central America Vaccines Market is segmented into Pediatric and Adult. The pediatric segment held the largest share of the market in 2024.

South & Central America Vaccines Market Players Density: Understanding Its Impact on Business Dynamics

The South & Central America Vaccines Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

South & Central America Vaccines Market Outlook

The World Health Organization (WHO) has identified over 30 priority pathogens that could lead to global public health emergencies. These include influenza A viruses, dengue virus, and monkeypox virus. Recently, there has been a global increase in the frequency of infectious disease outbreaks in humans. These outbreaks are caused by bacteria and viruses, most of which originate in animals or are transmitted by vectors. According to the Influenza Surveillance and Response System (GISRS) from sentinel surveillance locations, SARS-CoV-2 activity has increased globally. As of May 11, 2025, the test positivity rate was 11% across 73 reporting countries, regions, and territories. This rate is comparable to the peak observed in July 2024, which was 12% from 99 countries, and represents an increase from the 2% reported by 110 countries in mid-February 2025.

As of April 2024, the WHO reported over 7.6 million dengue cases, including 3.4 million confirmed cases, over 16,000 severe cases, and more than 3,000 deaths globally. The Americas witnessed a significant increase in dengue cases over the last five years. By the end of April 2024, the number of cases in this region exceeded 7 million, surpassing the previous annual high of 4.6 million cases recorded in 2023. Currently, 90 countries are experiencing active dengue transmission.
According to the Council on Foreign Relations, during 2022-2023, a global mpox outbreak resulted in 87,000 reported cases and 140 confirmed deaths across 111 countries. WHO declared the outbreak a Public Health Emergency of International Concern (PHEIC).

According to the WHO, in 2022, ~254 million people were living with hepatitis B, and 50 million with hepatitis C. Half of those affected by chronic hepatitis B and C infections were aged between 30 and 54 years, while 12% were children under 18 years old. Across all regions, only 13% of individuals with chronic hepatitis B infection had been diagnosed, and about 3% (i.e., ~7 million) had received antiviral therapy by the end of 2022. For hepatitis C, 36% had been diagnosed, and 20% (i.e., roughly 12.5 million) had received curative treatment. Hepatitis is preventable through vaccination, and various organizations are proposing strategies to prevent premature deaths from hepatitis. As per the WHO estimates, 4.5 million deaths can be prevented in low- and middle-income countries by 2030. WHO Member States are endorsing the WHO's global hepatitis strategy with an aim to reduce new hepatitis infections by 90% and deaths by 65% by 2030.

Outbreaks of contagious diseases significantly increase the public and government demand for vaccines. When diseases such as measles, dengue, or COVID-19 emerge or spread rapidly, the urgency to control the outbreak drives up the demand for vaccinations. For example, the global COVID-19 pandemic created unprecedented demand for vaccines worldwide, with both governments and individuals seeking rapid immunization to curb the spread of the virus and reduce mortality rates. As per the WHO, global immunization efforts have saved an estimated 154 million lives over the past 50 years, which translates to the equivalent of six lives saved every minute each year. The measles vaccination had the most significant impact on reducing infant mortality, accounting for 60% of the lives saved through immunization. As of April 2024, 84% of infants were protected with three doses of vaccine against diphtheria, tetanus, and pertussis (DTP), which serves as the global benchmark for immunization coverage.

Therefore, the surging prevalence of infectious diseases and rising vaccine-preventable disease outbreaks increase the demand for vaccines.

South & Central America Vaccines Market Country Insights

By country, the South & Central America Vaccines Market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil held the largest share in 2024.

Brazil's government is highly proactive in expanding vaccination coverage, securing vaccine supplies, and running large-scale immunization campaigns. In February 2025, Brazil launched its first domestically developed dengue vaccine. The government signed executive orders approving investments in vaccines for dengue, H5N8 influenza, and respiratory syncytial virus (RSV). The single-dose vaccine has demonstrated proven efficacy against all four dengue virus serotypes and is supported by an initial investment of ~US$ 221 million. Health authorities plan to distribute at least 60 million doses through the public healthcare system by 2025. In 2024, Brazil began a nationwide immunization campaign targeting 3.3 million children aged 10-14 years, aiming to enhance access to dengue protection. Brazil is aiming for 100% national production of the dengue vaccine by 2026, with a goal to vaccinate the entire eligible population.

In April 2025, Brazil's health regulatory agency (ANVISA) authorized Valneva's live attenuated, single-dose chikungunya vaccine (IXCHIQ) for adults aged 18 and older-the first such approval in a chikungunya-endemic country. Therefore, the vaccines market is expected to continue growing as new technologies and products are introduced to meet the evolving healthcare needs of the country.

South & Central America Vaccines Market Company Profiles

Some of the key players operating in the market include Abbott Laboratories, GSK Plc, Pfizer Inc., Merck & Co. Inc., Novartis AG, Sanofi SA, CSL Ltd, Serum Institute of India Pvt Ltd, BioNTech SE, and Sinovac Biotech Ltd.

These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

South & Central America Vaccines Market Research Methodology

The following methodology has been followed for the collection and analysis of data presented in this report:

Secondary Research

The research process begins with comprehensive secondary research, utilizing internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations
• Industry trade journals and other relevant publications
• Government documents, statistical databases, and market reports
• News articles, press releases, and webcasts specific to companies operating in the market

Note:

Primary Research

The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research
• Enhance the expertise and market understanding of the analysis team
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, Business Development Managers, Market Intelligence Managers, and National Sales Managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise