Vaccines Market Size was valued at USD 67.51 Bn in 2022 and is expected to reach USD 151 Bn by 2030 and grow at a CAGR of 10.6% during the forecasted period 2023-2030.
The Vaccines Market Report provides a comprehensive analysis of the global Vaccines market, highlighting key trends, growth drivers, challenges, and opportunities. The report aims to assist industry stakeholders in making informed decisions and formulating effective strategies.
The vaccines market has witnessed significant growth in recent years, driven by the increasing prevalence of infectious diseases and the growing awareness about the importance of immunization. Vaccines play a crucial role in preventing the spread of diseases and protecting individuals from life-threatening infections.
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One of the key factors driving the growth of the vaccines market is the rising global population, which leads to a higher demand for vaccination programs. Additionally, advancements in technology have enabled the development of more effective and targeted vaccines, further boosting market growth.
Furthermore, governments across various countries are actively promoting vaccination campaigns to control outbreaks and reduce healthcare costs associated with treating vaccine-preventable diseases. This has led to increased funding for research and development activities in the vaccines sector.
Moreover, with the ongoing COVID-19 pandemic, there has been an unprecedented focus on vaccine development. The race to develop safe and effective COVID-19 vaccines has accelerated innovation in this field, leading to collaborations between pharmaceutical companies, research institutions, and governments worldwide.
KEY MARKET SEGMENTS
By Type
- Recombinant
- Inactivated
- Live Attenuated
- Toxoid
By Route of Administration
- Parenteral
- Oral
By Disease indication
- Viral diseases
- Bacterial Diseases
By Age Group
- Pediatric
- Adults
Major Players Listed in the Report are as Follows:
Sanofi, Pfizer, GlaxoSmithKline plc, Merck & Co, Inc, Inovio pharmaceuticals, Inc, Bavarian Nordic, Mitsubishi Tanabe Pharma Corporation, Novartis AG, Moderna and others.
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