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The U.S. hepatitis B vaccine market size was valued at USD 2.49 billion in 2022 and is projected to grow at a CAGR of 4.5% during the forecast period.
The prevalence of hepatitis B infection is increasing among adults and children nationwide. The high prevalence is owing to a rise in the spread of the hepatitis B virus through blood, semen, or other body fluids among the population. Thus, the increase in the number of hepatitis B-infected population has led to the enforcement of new strategies by several public health agencies to eliminate the viral infection.
The rising incidence of hepatitis infection has increased demand for these vaccines nationwide, further propelling the market growth. The impact of the COVID-19 pandemic led to a decline in market growth in 2020. The decline was owing to limited hepatitis B immunizations across the country.
High Uptake of Hepatitis B Vaccination Among the U.S. Children
The U.S. government is highly emphasizing in public health interventions, such as routine hepatitis vaccination among adults and universal vaccination in hospitals among infants across the nation. Such initiatives increase the uptake of vaccines among the population and support the elimination of the rising incidence of hepatitis B infection, further boosting the market growth.
According to the Organization for Economic Co-operation and Development (OECD) statistics in 2021, the hepatitis B (HepB3) immunization coverage among 1-year-olds was around 92.0% across the U.S.
Thus, rising government initiatives and increasing vaccination uptake among the U.S. population aids market growth.
Rising Launch of Advanced Vaccines to Augment Market Growth
The demand for vaccines is increasing in the U.S., to prevent hepatitis B infection among adults and infants. Thus, the industry players are now focusing on strategic initiatives for introducing advanced vaccines across the U.S. Such initiatives increase the presence and adoption of hepatitis B vaccines in the country, further propelling U.S. hepatitis b vaccine market growth.
Thus, rising initiatives of market players to develop a vaccine with an advanced mechanism of action are expected to augment market growth.
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The hepatitis B (HepB3) immunization coverage in the U.S. was 92.0% in 2021, lower than other developed nations such as Australia (95%), Japan (95.6%), and the U.K. (92.6%).
High Costs Associated with Multivalent Vaccines to Limit Market Expansion
The costs of combination vaccines, such as pentavalent and hexavalent vaccines indicated for several diseases, are higher than single antigen vaccines owing to the complex manufacturing process of these vaccines. Such elements have led to a limited sustainable supply and adoption of combination vaccines across the U.S., further limiting market growth.
Thus, soaring costs of combination vaccines limit its adoption nationwide, further hampering the U.S. market growth.
By type, the market is segmented into single antigen and combination. The combination segment dominated the market in 2022 owing to extensive advantages over a single antigen vaccine, such as action against several diseases, including hepatitis B, high immunogenicity, improved effectiveness, and lower pain & discomfort.
Based on distribution channel, the market is segmented into government suppliers, hospitals & retail pharmacies, and others.
The hospitals & retail pharmacies segment held the highest market share in 2022 due to the high volume of first vaccination doses administered among newborn infants in the U.S. hospitals. Moreover, the rising supply of these vaccines from hospitals for public immunization programs across the country is expected to surge the vaccination uptake amongst the population, further propelling market growth.
Rising Collaborations Among Key Players for New Product Development to Strengthen Their Market Share
The market is primarily consolidated by key manufacturers, such as Sanofi, GSK plc, and others. The prominent players are focusing on facilitating investments in production and R&D centers across the country, to boost vaccine development owing to high demand from government agencies for public immunization programs. These factors are expected to drive the U.S. hepatitis B vaccine market share.
Similarly, other emerging players in the market, including Dynavax Technologies Corporation and VBI Vaccines, Inc., are continuously engaged in strategic collaborations with other industry players to develop advanced vaccines for preventing hepatitis B infection. Such initiatives by new market players are anticipated to drive market growth.
An Infographic Representation of U.S. Hepatitis B Vaccine Market
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The market research report provides a detailed market analysis and focuses on crucial aspects such as leading players, product types, and major indications of the product. Additionally, it offers insights into market trends and key industry developments such as mergers, partnerships, & acquisitions, and the impact of COVID-19 on the market. In addition to the factors mentioned above, the report includes the factors that have contributed to the market's growth in recent years with a regional analysis of different segments.
CAGR of 4.5% from 2023 to 2030
Value (USD Billion)
By Distribution Channel
Fortune Business Insights says that the U.S. market size was USD 2.49 billion in 2022.
Registering a CAGR of 4.5%, the market will exhibit steady growth during the forecast period (2023-2030).
The combination segment led this market in 2022.
GSK plc, Sanofi, and Merck & Co., Inc. are the major players in the U.S. market.
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