Increasing Company Initiatives to Enhance Vaccine R&D Providing Opportunities for Growth of Vaccines Market
The vaccines market is expected to reach USD 50.42 billion by 2023 from USD 36.45 billion in 2018, at a CAGR of 6.7%.
The major factors driving the growth of the market are rising prevalence of diseases, increasing government and nongovernment funding for vaccine development, and increasing company initiative to enhance vaccine R&D.
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