Vaccine Market Size And Forecast
Vaccine Market was valued at USD 39.17 billion in 2019 and is projected to reach USD 64.79 billion by 2027, growing at a CAGR of 7% from 2020 to 2027.
Global Vaccine Market Outlook
The rising demand for better healthcare infrastructure and high awareness levels of the benefits of immunization are the major factors fostering the growth of the global vaccine market. Moreover, growing company initiatives to enhance the vaccines research and development and the growing government support for vaccine development are projected to accelerate the growth of the targeted market. On the other side, the high cost required for the development of vaccines, inadequate access to vaccines and the rising number of product recalls are some key factors that might impede the market growth. Nevertheless, the rising use of adjuvants in vaccines and the growing focus on therapeutic vaccines are expected to create the opportunities for the market players in the next few years.
Global Vaccine Market Competitive Landscape
The Global Vaccine Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Johnson & Johnson, Merck & Co., Inc., Pfizer, Inc., Sanofi Pasteur SA, Serum Institute of India Pvt., LTD, GlaxoSmithKline PLC, AstraZeneca, Bavarian Nordic, CSL Limited, and Emergent Biosolutions, Inc.
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