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Vaccines represent one of the greatest achievements of science and medicine in the fight against infectious diseases. Vaccination is one of the most cost-effective public health tools to prevent infectious diseases. Significant progress has been made in expanding the coverage of vaccines globally, resulting in the prevention of more than two million deaths annually. Meticulous Research(R) in its latest publication on vaccines market states that the global vaccines market will increase at a CAGR of 7.9% from 2018 to 2025 to reach USD 57 http://www.newyorkislandersteamstore.com/adidas-mathew-barzal-jersey ,501.8 million by 2025.
The growth of the global vaccines market is mainly attributed to high prevalence of diseases, increasing government initiatives towards immunization, rising adoption of vaccines, technological advancement in vaccine industry, and strong pipeline for vaccines. Furthermore, the increasing epidemic potentials and growing focus on therapeutic vaccines are expected to offer significant growth opportunities for players operating in the vaccines market.
Wherein, geographically http://www.newyorkislandersteamstore.com/adidas-johnny-boychuk-jersey , North America commanded the largest share in this market followed by Europe. The major share of North America is mainly attributed to its well established vaccination programs, increasing prevalence of diseases, growing adoption of advanced vaccines, and large pool of key players.
While in terms of indication, pneumococcal disease accounted for the largest share in the global vaccines market in 2017. The large share of this segment is mainly attributed to high prevalence of pneumococcal disease in pediatric, elderly, and immune compromised populations. In addition, growing number of pneumococcal diseases resulting in chronic illnesses is further driving the adoption of the pneumococcal vaccines globally.