Staff Reporter
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Vaccines market to be valued at $63.7b by 2030
Its expansion is attributed to rapid development and commercialisation.
The global vaccines market is expected to reach $63.7b by 2030 at a compound annual growth rate of 4.8%, according to MarketsandMarkets.
The sector’s expansion is attributed to the rapid development and commercialisation of vaccines, the increasing prevalence of infectious diseases, and a rise in immunisation programmes.
Moreover, technological advancements and greater government support are further driving market growth.
By end users, the paediatric vaccines are set to experience the fastest growth during the forecast period.
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