2021 Vaccine Market Report
The U.S. vaccine market is estimated to grow to $25 billion by 2024, with COVID-19 vaccine production adding $10 billion to the market annually. New investigational approaches in vaccine research show great promise to expand the vaccine market and treat numerous infectious diseases while utilization of current vaccines increases. The 2021 Vaccine Market Report analyzes major market trends impacting the vaccine industry and discusses key vaccines already in the market including COVID-19, flu, adult, children, adolescent and travel vaccines.
Key points include:
- New vaccines cost $200-500 million to develop.
- 11% more flu vaccines were distributed during the 2020-2021 flu season than previous season.
- An estimated 9 million childhood vaccine doses were missed in 2020 due to the pandemic.
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