Vaccines Market Major Key Players are covered by Reports and DataPosted by rutikashete on May 14th, 2021 Increasing government funding for vaccine production and growing emphasis on immunization are major factors expected to drive the market Vaccines Market Size – USD 42 Billion in 2020, Market Growth – 7.3% Market Trends – Expanding pharmaceutical industry and drive to vaccinate all The global Vaccines Market size is expected to reach USD 73.78 billion by 2028, registering a CAGR of 7.3% over the forecast period, according to the latest report by Reports and Data. Major factors driving market revenue growth are rising prevalence of infectious diseases, increasing government funding for vaccine production, and growing emphasis on immunization. Immunization is a public health and development success storey that saves millions of lives each year. By bolstering the body's natural defences, vaccines reduce the chances of developing a disease. Vaccination helps avoid over 20 life-threatening diseases, helping people of all ages to live longer, healthier lives. Vaccines save lives of 2-3 million people per year from diseases such as diphtheria, tetanus, pertussis, influenza, and measles. Immunization is a basic human right and an essential component of primary health care. Over the past decade, more than 1 billion children have been vaccinated. Vaccines are essential for preventing and managing outbreaks of infectious diseases. They're crucial in battle against antimicrobial resistance, and for global health protection. The Global Vaccine Action Plan (GVAP), which was endorsed by the 194 Member States of the World Health Assembly in May 2012, is a framework for avoiding millions of deaths by 2020 by ensuring that people from all walks of life have equal access to current vaccines. Millions of people worldwide have recently been infected with the COVID-19 disease. Community transmission has resulted in rising fatalities in some regions. In 2021, biopharmaceutical and biotech companies succeeded in bringing to market an effective vaccine against the virus that causes SARS-Cov-2. The coronavirus outbreak has sparked unprecedented demand and businesses are investing heavily in R&D activities along with government to meet the growing demand for COVID-19 vaccines. This is expected to boost the market's growth prospects. Despite tremendous progress, various people around the world, including nearly 20 million babies last year, still lack access to vaccines. In some countries, progress has stalled or even reversed, and there is a real risk that complacency will undo previous achievements. Furthermore, high storage and transportation costs for vaccines can stifle market supply. These factors are expected to hamper the revenue growth of the vaccines market to a certain extent going ahead. Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/4023 Some Key Highlights in the Report:
Segments Covered in the Report For the purpose of this study, Reports and Data has segmented the global vaccines market on the basis of technology, type, disease indication, route of administration, patient type, and region: Technology Outlook (Revenue, USD Billion, 2018 - 2028)
Type Outlook (Revenue, USD Billion, 2018 - 2028)
Disease Indication Outlook (Revenue, USD Billion, 2018 - 2028)
Route of Administration Outlook (Revenue, USD Billion, 2018 - 2028)
Patient Type Outlook (Revenue, USD Billion, 2018 - 2028)
Regional Outlook (Revenue, USD Billion, 2018 - 2028)
o U.S. o Canada
o Germany o UK o France o Italy o Spain o Rest of Europe
o China o India o Japan o Rest of Asia Pacific
o Brazil o Rest of Latin America
o South Africa o Saudi Arabia o Rest of MEA Key Highlights of the Vaccines Market Report:
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