Vaccines Market - Forecast(2020 - 2025)
Vaccines Market size is valued at $42.9B n in 2019 and is anticipated to grow at a CAGR of 6.6% during the forecast period 2020-2025. The Vaccines Market growth rate is attributed to the advancements made in the healthcare sector such as medical technology and medicines, along with the rising focus on immunization. From improvement’s made in the company initiatives to enhance vaccine R&D to the various nation wise initiatives taken by the governmental bodies for the betterment of the people is anticipated propel the vaccines market during the forecast period 2020-2025. Key Takeaways North America dominated the Vaccines Market with a share of 48% in the year 2019. The factors such as development of new and improved vaccinations for several diseases is a major factor projected to impel growth of Vaccines Market. Increase in the supply of vaccines and initiatives taken by government foundations and international organizations which are focused on providing cost-effective a