Segments Covered
By Vaccine, Conjugate Vaccines are anticipated to account as the fastest-growing segment during the forecasted period. They are considered to be more robust over polysaccharide ones and hence are more preferred leading to high demand. It also covers a wide age group as it can vaccinate an infant from 6 weeks old to 5years of age and for people over 50 + age groups, reducing asymptomatic delivery of the bacteria, and thus resulting in marked group immunity.
By Product Type, Prevnar-13 is estimated to account for the fastest-growing segment during the forecasted period as it is recommended by the WHO as an efficient vaccine against pneumonia and has therefore been the widely adopted 13-valent PCV vaccines across the world. It has also been used as an essential vaccine for people above 50 age groups.
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The global vaccine market accounted for $32,463 million in 2019 and is expected to reach $54,168 million by 2027, registering a CAGR of 6.6% from 2020 to 2027.
Vaccine is a biological preparation that is administered to produce acquired immunity in patients. Administration of vaccines aids to enhance the immune response against a specific pathogen. Vaccinations play a key role in sustaining people s health across different countries; hence, they are used in various national disease-prevention strategies. Due to the increased occurrence of both viral and bacterial infectious diseases, the demand for vaccines has grown over the past few years. Vaccinations are primarily provided to people of different ages, improving their immune system during their lives and ensuring defense against various forms of infectious diseases.
India says it can boost its production on expectations that vaccine demand will rise. South Africa, Kenya & Nigeria are among African nations in talks for supplies.
Vaccines coming from India on Jan 21 instead of Jan 20
Sun Online Desk
19th January, 2021 03:12:00
The Indian government will provide 20 lakh doses of Oxford-Astrazenca Covid-19 vaccines (Covishield) to Bangladesh as ‘gift’ on January 21 instead of January 20.
A Health Ministry official confirmed the matter to media on Tuesday afternoon.
Earlier on Monday, media outlets of the country ran stories that the vaccines will reach to Bangladesh tomorrow (January 20).
Health Minister Zahid Maleque on Monday said Bangladesh will receive the first consignment of Oxford-AstraZeneca s Covid-19 vaccine on January 25-26. As per the guideline of WHO, we will vaccinate those first who are working with risks. And elderly people will get more priority. Prople below the age of 18 will not get the vaccine, the minister said.