Vaccines play a key role improving our health and boosting the immune system, thereby keeping various infections and diseases at bay. The global vaccines market has seen immense growth over the past few years, thus becoming an essential part of the healthcare industry. Owing to the rising demand for vaccines due to the high prevalence of acute infectious diseases like cholera, typhoid, polio, and influenza, among others, the market is expected to witness substantial growth in the years to come.

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Vaccines Market

What the vaccines market looks like?

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%. Factors such as rising prevalence of diseases, increasing government and nongovernment funding for vaccine development, and increasing company initiatives to enhance R&D are driving the vaccines market.