Vaccines Market - Forecast (2023 - 2028)

Vaccines Market size is estimated to reach $54,150 million by 2026, growing at a CAGR of 4.2% over 2021-2026. Vaccines are referred to as immunizations that are very powerful way to prevent the diseases. Vaccines plays an important role in order to maintain the health of people by eliminating the burden of life threatening diseases.

Various vaccines are used in order to reduce the diseases that are administered to generate a protective immune response such as toxoid, recombinant, conjugate vaccines, inactivated and subnit vaccine, live attenuated vaccine. With the help of recombinant DNA technology, recombinant vaccine are produced that increases the capacity to protect against pathogens. Increasing prevalence of infectious disease among people and growing support for vaccine development is the major factor driving the growth of this market. Furthermore, increasing research and development activities in medical industry and rising government initiatives is set to further enhance the overall market demand for Vaccines Market for the period 2021-2026.



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