Vaccine market Worth USD 152.39 billion by the year 2030

Based on the provided information, here's a summary of the market definition and analysis of the vaccines market:

Market Definition:
The vaccines market comprises biological components designed to stimulate antibody formation against various infections within the body. It includes vaccines created from pathogens and chemical medications acting as antigens to prevent diseases. Common types of vaccines include conjugate, inactivated, live attenuated, recombinant, and toxoid vaccines. These vaccines play a crucial role in preventing diseases such as hepatitis, measles, polio, influenza, and COVID-19.

Market Analysis and Size:

The COVID-19 pandemic has significantly influenced the growth of the vaccines market, with an increased demand for vaccines worldwide.
According to Data Bridge Market Research, the vaccines market was valued at USD 67.57 billion in 2022 and is projected to reach USD 152.39 billion by 2030, with a compound annual growth rate (CAGR) of 10.7% during the forecast period.
The market analysis includes insights on market scenarios, growth rates, segmentation, geographical coverage, major players, expert analysis, patient epidemiology, pipeline analysis, pricing, and regulatory framework.
Global Vaccines Market Scope:

The vaccines market is segmented based on composition, type, kind, age of administration, diseases, route of administration, end-user, and distribution channel.
Segments include combination vaccines, monovaccines, subunit vaccines, live attenuated vaccines, inactivated vaccines, DNA vaccines, pediatric vaccines, adult vaccines, and more.
Distribution channels encompass hospital pharmacies, retail pharmacies, and online pharmacies.
Competitive Landscape and Market Share Analysis:

The competitive landscape includes details on companies such as GlaxoSmithKline plc, with information on company overview, financials, revenue, market potential, R&D investment, product range, global presence, strengths, weaknesses, and recent developments.
Regional Analysis:

The vaccines market is analyzed based on regional insights provided for countries in North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
Regional coverage includes countries like the United States, Canada, Mexico, Germany, France, China, Japan, Brazil, Argentina, and others.
Recent Developments:

Notable recent developments include GlaxoSmithKline plc's submission of a Biologics License Application for the experimental vaccination PRIORIX and its collaboration with Medicago Inc. for a plant-based VLP vaccine for COVID-19.

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This release was published on openPR.