Skip to main content
  1. Market Insights
  2. Health
  3. Pharmaceuticals
  4. Vaccines

COVID-19 Vaccines - Brazil

Brazil
  • The revenue in the COVID-19 Vaccines market in Brazil is projected to reach US$955.50m in 2024.
  • It is expected to show an annual growth rate (CAGR 2024-2029) of -17.44%, resulting in a market volume of US$366.40m by 2029.
  • In global comparison, United States is expected to generate the most revenue, with US$4.39bn in 2024.
  • Despite facing challenges, Brazil has made significant progress in the distribution and administration of COVID-19 vaccines.

Definition:
This market covers vaccines against COVID-19. Included are different types of vaccines (mRNA-based, viral vector vaccines).

Additional information:
Market values represent the revenues generated by manufacture prices paid to primary vendors, either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), companies (B2B), and governments (B2G).

Company examples: Pfizer, Moderna, Biontech, Johnson & Johnson, AstraZeneca

In-Scope

  • COVID-19 vaccines
  • mRNA-based vaccines
  • Viral vector vaccines

Out-Of-Scope

  • Vaccines against other diseases
  • Antivirals
Pharmaceuticals: market data & analysis - Cover

Market Insights report

Pharmaceuticals: market data & analysis

Study Details

    Revenue

    Notes: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war.

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Analyst Opinion

    The COVID-19 pandemic has affected the global economy in many ways, including the pharmaceutical industry. Brazil, with a population of over 200 million, is one of the countries most affected by COVID-19. As such, the country has become a major market for COVID-19 vaccines.

    Customer preferences:
    Brazil has a diverse population, and customer preferences for COVID-19 vaccines vary. However, there is a general preference for vaccines that have been approved by regulatory agencies and are widely available. Customers also prefer vaccines that have been shown to be effective against new variants of the virus.

    Trends in the market:
    The COVID-19 vaccine market in Brazil has experienced significant growth in recent months. The government has made efforts to secure vaccine supplies and has launched a national vaccination campaign. As a result, the demand for vaccines has increased, and many pharmaceutical companies have entered the market. In addition, there has been a trend towards the use of mRNA vaccines, which have been shown to be highly effective against COVID-19.

    Local special circumstances:
    Brazil has a large population, and the country has been hit hard by the COVID-19 pandemic. As such, there is a strong demand for vaccines, and the government has made efforts to secure supplies. However, there have also been challenges in distributing vaccines to remote areas of the country. In addition, there have been concerns about the safety and efficacy of some vaccines, which has led to some hesitancy among the population.

    Underlying macroeconomic factors:
    The COVID-19 pandemic has had a significant impact on the Brazilian economy, with many businesses forced to close and unemployment rates rising. As such, the government has made efforts to secure vaccine supplies and launch a national vaccination campaign in order to control the spread of the virus and reopen the economy. In addition, Brazil has a strong pharmaceutical industry, which has helped to drive the development and distribution of vaccines in the country.

    Global Comparison

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.

    Modeling approach / Market size:

    Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.

    Additional notes:

    Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.

    Health

    Access more Market Insights on Health topics with our featured report

    Pharmaceuticals: market data & analysis - BackgroundPharmaceuticals: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Coronavirus (COVID-19): vaccines and vaccination campaign

    As of March 2023, more than 13 billion COVID-19 vaccine doses had been administered worldwide. Wide-spread vaccine availability, increasing herd immunity, and lower case numbers led to renewed hope and a feeling of normality in 2023. However, especially during the winter seasons and with the potential emergence of new variants of the virus (like Omicron in 2021-2022), tracking of coronavirus cases repeatedly becomes a focus for the public. Thus, there is a level of uncertainty about what developments the winter season 2023/2024 might bring.
    More data on the topic

    Contact

    Get in touch with us. We are happy to help.