Vaccine Market is projected to reach USD 59.01 billion by 2025 - Business Development With Key Player, Business Intelligence, Regional Analysis

According to Verified Market Intelligence, The Global Vaccine Market was valued at USD 32.1 billion in 2016 and is projected to reach USD 59.01 billion by 2025, growing at a CAGR of 7% from 2017 to 2025.

The vaccine is defined as a biological preparation that has suspension of weakened or killed microorganisms or toxins or of antibodies. The vaccine is administered in order to prevent diseases. It provides active immunity against a specific harmful agent by stimulating the immune system to attack the agent. After stimulation by a vaccine, B lymphocytes remain sensitized and ready to respond to the agent whenever it enters in the body next time. Vaccines are usually directed by injections or by oral method. Vaccine market is growing due to increase in demand for vaccination across the globe.

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The rise in cases of infections, increasing demand for immunization campaigns and programs and rising focus on vaccine development and implementation have been driving the global vaccine market. While product failure and the high cost of vaccine development might hinder the overall growth at a global level.

The “Global Vaccine Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Merck &Co., Inc., Emergent BioSolutions, Inc., Johnson and Johnson, Sanofi Pasteur, Inc., Pfizer, Inc., Novartis AG, CSL Ltd., and GlaxoSmithKline Plc. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

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