COVID-19 Impact on Vaccines & Drugs Market 2020-2025: Pfizer Inc, Johnson & Johnson Services, Inc, GlaxoSmithKline plc, Sanofi, Serum Institute of India and Others.

According to Market Study Report, Vaccines & Drugs Market provides a comprehensive analysis of the Vaccines & Drugs Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry. This report also provides market landscape and market share information in the Vaccines & Drugs Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Global COVID-19 Vaccines Market is projected to reach USD 1,401 Million by 2025 from USD 2,273 Million in 2022, at a CAGR of -14.9% during the forecast period. This report spread across 66 pages, profiling 05 companies and supported with 14 tables and 15 figures are now available in this research.

Top Key Players Profiled in the Vaccines & Drugs Market:
o Pfizer Inc. (US)
o Johnson & Johnson Services Inc (US)
o GlaxoSmithKline plc. (UK)
o Sanofi (France)
o Serum Institute of India (India)

"The global COVID 19 drugs market is projected to grow at a CAGR of -57.8% during the forecast period."
The global COVID-19 drugs market is projected to reach USD 2 million by 2025 from USD 165 million in 2020, at a CAGR of -57.8% during the forecast period. The growth of COVID-19 drugs market is attributed primarily to use of repurposed drugs for compassionate use and the emergence of alternative therapies such as convalescent plasma therapy which were used earlier for treating epidemic diseases such as SARS, MERS, and H1N1.

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"Funding from global governments and foundations is promoting the growth of the market"
Incentives are needed to engage manufacturers for the large-scale capacity to guarantee sufficient production of SARS-CoV-2 vaccines. In line with this, various global organizations have come forward to expedite the process, such as Gavi, CEPI, and WHO. However, considering the pandemic scenario of COVID-19, much stronger initiatives are required.

"Vaccine manufacturing ramp-up to drive the growth further"
While global drug makers are pouring massive resources into developing targeted therapies and vaccines, contract development and manufacturing organizations (CDMOs) are finding ways to ramp up the production of vaccines. In line with this, a new CDMO from Belgium's Univercells is offering its expertise to help drug makers scale up their manufacturing.

Breakdown of primary participants' profile:
o By Company Type (Supply-side): Tier 1: 29%, Tier 2: 37%, and Tier 3: 34%
o By Category (Demand-side): Pharmaceutical & Biotechnology Companies: 55%, Hospital & Reference Laboratories: 35%, and Academic & Research Institutes: 10%
o By Designation: C-level: 35%, Director-level: 25%, and Others: 40%
o By Region: North America: 35%, Europe: 32%, Asia: 22%, and the RoW: 11%

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Reason to access this report:
o Market Penetration: Comprehensive information on the developmental pipeline of the top players in the COVID-19 vaccines and drugs market. The report analyzes the current pipeline of vaccines and drugs by phase by companies, competitive landscape, a view point on COVID-19 pipeline, the impact of COVID-19 on other vaccines, and drugs in the portfolio/other under development vaccines and drugs and regional analysis.

o Product Development/Innovation: Detailed insights on upcoming vaccines and drugs based on innovative technologies, research and development activities, and product launches in the COVID-19 vaccines and drugs market.

o Market Development: Comprehensive information about lucrative markets. The report analyzes the markets for vaccines and drugs across regions.

o Market Diversification: Exhaustive information about developmental products, recent developments, and investments in the COVID-19 vaccines and drugs market.

o Competitive Assessment: In-depth assessment of strategies, products, distribution networks, and manufacturing capabilities of the leading players in the COVID-19 vaccines and drugs market.

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This release was published on openPR.