Vaccines Market Growth: Competitive Landscape and Insights
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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