Global COVID-19 Vaccine Market Value to cross USD 25 BN By 2026
Posted On September 28, 2020
A market research report anticipates the Global COVID-19 Vaccine Market to grow and reach USD 25 BN mark by 2026. The report publisher, Value Market Research expects a CAGR of 19% during 2020 to 2026. The high prevalence of COVID-19 and the pandemic's devastating effect on the global population have created unparalleled opportunities for this market's growth. Technological advancements and the emergence of new vaccines to fight the epidemic will boost market growth. Increased focus on immunization programs and unprecedented cooperation between governments, researchers, manufacturers, and multilateral partners will be a market booster.The significant impact of the virus on businesses and economies is creating tremendous opportunities for the pharmaceutical and biotechnological companies to develop an effective vaccine. The various restraints hampering market growth are high costs, a longer timeline in developing the vaccine, and stringent government regulations.
COVID-19 vaccine is a biological preparation that generates antibodies in humans to provide immunity against the highly infectious disease, COVID-19. This infection is caused by a strain of coronavirus that affects the respiratory system in humans. Around 140 different versions of the vaccine are being developed by various pharmaceutical and biotechnology companies to fight against the deadly virus. These vaccines are being cultivated from insect cells, plants, chicken eggs, humans, chimpanzees, etc. Different COVID-19 vaccines are developed like the self-assembling, gene-based, recombinant, peptide-based, or adenovirus engineered. Most of these vaccines are under clinical trials worldwide, and continuous monitoring of the volunteers' sleep patterns, heart rate, and overall health are being carried out.
The first chapter of the report "Global COVID-19 Vaccine Market Report By Type (MRNA Vaccine) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" gives the market introduction with a crisp summary of the report and goes in detailed revenue analysis bifurcated as per segments and regions in the subsequent chapters.
The study digs deep to identify the market drivers, restraints, opportunities and threats in the near future. By type the market is divided into mRNA Vaccine. The report identifies region which is expected to dominate the market over the next six years among all the regions studied in the report. North America, Europe, Latin America and Middle East & Africa are deeply researched in the report.
The Report Segments Global COVID-19 Vaccine Market -
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Inovio Pharmaceuticals, Inc., Moderna, Inc., CureVac, BioNTech.
Download the FREE SAMPLE of Global COVID-19 Vaccine Market Research Report
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