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Global Vaccine Market At 10% Growth, Poised For Therapeutic Vaccines

 
• By Michael Goodman

Robust growth is expected in the global vaccines market driven by new players and products, improved coverage and distribution in both developed and emerging markets, and higher prices for new vaccines, an IMS consultant said during a New York Pharma Forum presentation.

The global vaccines market is growing at nearly 10%, far outpacing drugs and devices. Improvements in national immunization programs, innovative partnerships between public and private vaccine stakeholders, pricing leverage, and advances in vaccine technology are driving the growth, according to IMS consultant Kevin Fitzpatrick.

Speaking at a New York Pharma Forum event Oct. 16, Fitzpatrick identified two salient characteristics of the vaccine market that set it apart from drugs and devices. Foremost, because they...

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