BIS Research - Emerging Technology Market Intelligence

Recombinant Vaccines are Expected to Showcase the Maximum Growth During the Forecast Period from 2018 to 2028

Dec 20, 2018 6:04:53 AM / by BIS Research posted in Global Vaccine Market, Healthcare & Medical, Vaccine Market by Type, Vaccine Market Forecast, Vaccine Market Growth, Vaccine Market Research, Vaccine Industry, Vaccine Market by Disease Type, Vaccine Market by Region, Vaccine Market Report, Vaccine Market Research Report, Vaccine Market Share, Vaccine Market Trends

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The global expenditure on the healthcare was estimated at $7 trillion in 2015. It is further expected to increase due to several reasons including the rise of health problems such as cardiovascular, respiratory, diabetes, cancer, and chronic diseases, among others by 2020. Although, the vaccine market is small as compared to the pharmaceutical market in the healthcare industry but has showcased a better growth rate than the pharmaceutical market. Taking into account the rising incidence of chronic and other diseases, the World Health Organization (WHO) is promoting the research and development of vaccines against several pathogens to help reduce the overall economic burden across countries, especially in low and middle – income countries.

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