USD 1697.60 million
Digital Vaccine Market Size, Share, Growth Analysis, By Type(Vaccine management software, vaccination tracking applications, and digital platforms), By Deployment mode(Cloud-based and on-premise), By End user(Healthcare providers, pharmaceutical & biotechnology companies, government & public health agencies, research institutes & academic centers), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35G2197 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
90
|Figures:
76
Digital Vaccine Market Insights
Global Digital Vaccine Market size was valued at USD 1697.60 million in 2022 and is poised to grow from USD 1878.58 million in 2023 to USD 4224.27 million by 2031, growing at a CAGR of 10.66% during the forecast period (2024-2031).
The objective of Digital Vaccines is to modify behavioral patterns and enhance both mental and physical well-being through the utilization of neurocognitive training and nudging tactics. These innovative tools employ various digital technologies, such as virtual reality, smartphone apps, and artificial intelligence, to train the brain and promote positive habits. Digital vaccines are advanced technologies that offer the potential to improve mental health and encourage beneficial behaviors. They are affordable, user-friendly, and adaptable to diverse needs, making them capable of reaching a large audience and providing assistance where it is most required. By combining neurocognitive training and nudging strategies, digital vaccines hold significant promise for cultivating healthier behaviors and facilitating more fulfilling lives. As digital technologies continue to advance, the potential for digital vaccines to drive positive change is vast and exhilarating.
The field of digital vaccines has experienced a revolution due to the flourishing healthcare IT market and the emergence of cutting-edge concepts such as the Internet of Things (IoT), wearable technology, metaverse platforms, and augmented reality (AR/VR). These innovations enable more frequent behavioral interventions to address a wide range of diseases and phobias. For instance, the US Department of Defense's National Center for Telehealth and Technology (T2) has developed the Virtual PTSD Experience, a computer application based on the virtual world called Second Life. This virtual reality video game allows military personnel to create virtual avatars and engage in realistic scenarios that assist with mental health issues. Additionally, artificial intelligence and machine learning are increasingly utilized in digital vaccine management systems to enhance the effectiveness and precision of needle-free vaccines for treating various diseases or phobias. Furthermore, AI and machine learning can contribute to the development of video games and mobile applications that encourage young individuals to adopt healthy eating habits and active lifestyles. The first digital vaccine to be granted a US patent relies on AI-powered avatars as its foundation.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Vaccine management software
Fastest Growth
Vaccine management software
Growth Rate
10.66% CAGR
Global Digital Vaccine Market ($ Mn)
Country Share for North America Region (%)
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Digital Vaccine Market Segmental Analysis
Global Digital Vaccine Market is segmented on the basis of type, deployment mode, end user, and region. By type, the market is segmented into vaccine management software, vaccination tracking applications, and digital platforms. By deployment mode, the market is segmented into cloud-based and on-premise. By end user, the market is segmented into healthcare providers, pharmaceutical & biotechnology companies, government & public health agencies, research institutes & academic centers, and patients & caregivers. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Digital Vaccine Market Analysis By Type
Vaccine management software is the largest segment in the market, holding a significant share of the overall market. This segment encompasses software solutions that enable healthcare providers and organizations to efficiently manage and monitor vaccine-related processes, such as inventory management, distribution, scheduling, and adverse event reporting. These software systems streamline workflows, improve vaccine availability, and ensure timely vaccinations, ultimately contributing to enhanced public health outcomes. With the increasing emphasis on efficient vaccine management, the adoption of digital solutions in the form of vaccine management software is witnessing significant growth.
On the other hand, vaccination tracking applications represent the fastest-growing segment in the market. These applications leverage mobile and web-based platforms to provide individuals, healthcare providers, and public health authorities with real-time access to vaccination data. With the COVID-19 pandemic highlighting the importance of vaccination and the need for accurate vaccination records, the demand for vaccination tracking applications has surged. These applications enable users to schedule appointments, receive reminders, access vaccination certificates, and stay informed about vaccine availability. The convenience, accessibility, and enhanced data visibility provided by vaccination tracking applications make them essential tools for efficient vaccine distribution and monitoring. As a result, this segment is experiencing rapid growth and is expected to continue expanding in the coming years.
Digital Vaccine Market Analysis By End User
Healthcare providers emerge as the largest segment in the global digital vaccine market. These providers play a crucial role in administering vaccines and ensuring the well-being of patients. With their extensive reach and patient-centric approach, healthcare providers are key stakeholders in the vaccination process. They encompass hospitals, clinics, primary care centers, and vaccination centers, among others. The healthcare providers segment dominates the market due to several factors. Firstly, healthcare providers have direct access to patients, enabling them to deliver vaccines efficiently and monitor their effectiveness. Secondly, these providers have established infrastructure and expertise in managing vaccine administration and monitoring adverse events. This expertise allows for the seamless integration of digital vaccine solutions into existing healthcare systems. Moreover, healthcare providers are increasingly adopting digital vaccine solutions to streamline their operations, enhance patient engagement, and improve vaccination outcomes. These solutions include digital platforms for appointment scheduling, reminders, electronic medical records (EMRs) integration, and real-time monitoring of vaccine efficacy. The integration of digital technologies not only improves the efficiency of vaccine administration but also facilitates data-driven decision-making, leading to better healthcare outcomes.
Pharmaceutical & biotechnology companies represent the fastest growing segment in the global digital vaccine market. These companies are at the forefront of vaccine research, development, and manufacturing. With the increasing demand for vaccines, driven by global health concerns and emerging infectious diseases, pharmaceutical & biotechnology companies are investing significantly in digital vaccine solutions. Digital vaccine technologies enable pharmaceutical & biotechnology companies to optimize their research and development processes, improve manufacturing efficiency, and enhance vaccine safety and efficacy. These companies are leveraging digital tools, such as artificial intelligence (AI), machine learning (ML), and big data analytics, to accelerate vaccine discovery and development, streamline clinical trials, and ensure regulatory compliance. Additionally, digital vaccine solutions empower pharmaceutical & biotechnology companies to engage with healthcare providers, government agencies, and patients more effectively. They enable seamless communication, real-time data sharing, and remote monitoring of vaccine performance. By leveraging these digital capabilities, pharmaceutical & biotechnology companies can enhance their market presence, establish strategic partnerships, and deliver innovative vaccines to meet the growing global demand.
Global Digital Vaccine Market By Type
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Digital Vaccine Market Regional Insights
North America holds a significant market share due to its advanced healthcare infrastructure, strong research and development capabilities, and early adoption of digital technologies. The region is home to key players in the digital vaccine market, driving innovation and shaping the industry landscape. For instance, companies like VaxCare and VaxAtlas are providing digital platforms that streamline vaccine distribution, administration, and reporting processes. These platforms enable healthcare providers to efficiently manage vaccine inventories, track patient immunization records, and generate real-time data insights for improved decision-making. With a substantial market share in North America, the region continues to lead in the adoption and development of digital vaccine solutions.
On the other hand, Asia Pacific is witnessing remarkable growth in the digital vaccine market. The region's large population, increasing healthcare expenditure, and rising awareness about immunization create a fertile ground for digital vaccine solutions. Countries like China and India are making significant strides in digitizing their healthcare systems, including vaccine management. For example, India's CoWIN platform has played a pivotal role in the digital management of COVID-19 vaccinations, enabling appointment scheduling, vaccine tracking, and adverse event reporting. These digital initiatives, combined with the region's growing investment in healthcare infrastructure and technology, contribute to the rapid growth of the digital vaccine market in the Asia Pacific.
Global Digital Vaccine Market By Region
- Largest
- Fastest
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Digital Vaccine Market Dynamics
Digital Vaccine Market Drivers
Increasing focus on immunization programs
- Governments and healthcare organizations worldwide are placing greater emphasis on immunization programs to prevent the spread of infectious diseases. This heightened focus has created a strong demand for digital vaccine solutions that can enhance the efficiency and effectiveness of vaccination campaigns. For example, the Global Vaccine Action Plan by the World Health Organization (WHO) aims to improve vaccination coverage and ensure equitable access to vaccines. Digital tools, such as mobile apps for appointment scheduling and reminders, can help healthcare providers reach and engage with target populations more effectively, increasing vaccination rates.
Digital Vaccine Market Restraints
Data privacy and security concerns
- The collection, storage, and sharing of sensitive health data in digital vaccine systems raise concerns about data privacy and security. Safeguarding personal health information and maintaining the confidentiality of vaccination records are crucial considerations. Without robust security measures, there is a risk of data breaches and unauthorized access. Addressing these concerns and implementing stringent data protection protocols is essential to gain public trust and encourage the widespread adoption of digital vaccine solutions.
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Digital Vaccine Market Competitive Landscape
Global Digital Vaccine Market exhibits a competitive landscape with the presence of several prominent players aiming to capitalize on the growing demand for digital solutions in vaccine management. Some of the key market players leverage their technical expertise and extensive industry experience to offer innovative digital vaccine platforms and solutions. They focus on strategic partnerships, collaborations, and acquisitions to enhance their product portfolios and expand their market presence. Moreover, startups and emerging companies, including VaxAtlas, Vaccitech, and PathCheck Foundation, are also making significant contributions to the market with their novel digital vaccine technologies. The competitive landscape is characterized by intense competition, with companies striving to develop comprehensive digital vaccine platforms that encompass various aspects of vaccine management, including distribution, tracking, monitoring, and adverse event reporting. The market is expected to witness continued competition and innovation as players vie for a larger market share and seek to address the evolving needs of healthcare organizations and governments worldwide.
Digital Vaccine Market Top Player’s Company Profile
- Pfizer Inc. (US)
- Moderna, Inc. (US)
- Johnson & Johnson Services, Inc. (US)
- AstraZeneca PLC (UK)
- Novavax, Inc. (US)
- GlaxoSmithKline PLC (UK)
- Sanofi S.A. (France)
- Merck & Co., Inc. (US)
- BioNTech SE (Germany)
- Sinovac Biotech Ltd. (China)
- Bharat Biotech (India)
- Serum Institute of India Pvt. Ltd. (India)
- CanSino Biologics Inc. (China)
- Daiichi Sankyo Company, Limited (Japan)
- CureVac AG (Germany)
- Takeda Pharmaceutical Company Limited (Japan)
- Valneva SE (France)
- Janssen Pharmaceutica NV (Belgium)
- CSL Limited (Australia)
- Dynavax Technologies Corporation (US)
Digital Vaccine Market Recent Developments
- In March 2023, Moderna and Google announced a partnership to develop a digital vaccine platform. The platform will use Google's cloud computing and artificial intelligence (AI) technologies to help Moderna develop, manufacture, and distribute vaccines more efficiently and effectively. The platform will also be used to collect and analyze data on vaccine efficacy and safety. This data will be used to improve the design and development of future vaccines.
- In February 2023, BioNTech and Pfizer announced a partnership to develop a digital vaccine against COVID-19. The digital vaccine would use a combination of mRNA technology and digital therapeutics to deliver a more effective and personalized vaccine. The mRNA technology would be used to deliver the vaccine's genetic instructions directly into the cells, where they would then produce the virus's spike protein. This would trigger the body's immune system to produce antibodies against the virus.
Digital Vaccine Key Market Trends
- Blockchain technology for secure vaccine supply chains: Blockchain offers a decentralized and tamper-resistant ledger system that can enhance the security and transparency of vaccine supply chains. By leveraging blockchain, stakeholders can ensure the integrity and traceability of vaccines, reducing the risk of counterfeit products and ensuring proper storage and handling throughout the supply chain. For example, IBM's "Blockchain for Vaccines" initiative uses blockchain technology to track vaccines from manufacturer to patient, providing a transparent and auditable record of the product's journey.
Digital Vaccine Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Digital Vaccine Market analysis, the market growth is driven by the increasing adoption of digital technologies in the healthcare sector, rising awareness about the importance of immunization, and the need for efficient vaccine management and distribution systems. Digital vaccine solutions offer benefits such as improved vaccine inventory management, streamlined vaccination schedules, enhanced patient tracking, and real-time monitoring of vaccination outcomes. These solutions leverage technologies like electronic health records (EHRs), mobile applications, and data analytics to optimize vaccine delivery and ensure better healthcare outcomes. Furthermore, the COVID-19 pandemic has accelerated the adoption of digital vaccine solutions, with the need for mass immunization campaigns and effective vaccine distribution strategies. As governments and healthcare organizations continue to invest in digital infrastructure and innovative solutions, the global digital vaccine market is expected to witness substantial growth in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1697.60 million |
| Market size value in 2031 | USD 4224.27 million |
| Growth Rate | 10.66% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Digital Vaccine Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Digital Vaccine Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Digital Vaccine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Digital Vaccine Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Digital Vaccine Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Digital Vaccine Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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