Vaccine Market Structure 2010:
Small size market : 2-3% of the global pharmaceutical market but …
Spectacular growth rate : 10 – 15% per year versus 5-7 % for Pharmaceuticals
Vaccine Market: Growth Factors
– Importance of communicable diseases and new threats
– New vaccines
– Increasing demand, new target population, larger emerging markets
– Higher prices, improved profitability for the industry
– “Blockbuster” sales for some innovative vaccines
Global Vaccine Market: Rapid Growth and Changing Status
– Value from USD 5 [billion] in 2000 to almost USD 24 [billion] in 2013
– Global market projected to rise to USD 100 [billion] by 2025*
– More than 120 new products in the development pipeline
– Vaccines: becoming an engine for the pharmaceutical industry
Newer and more expensive vaccines are coming into the market faster than ever before
– Hundreds of vaccines under development
– Higher cost and prices
Aggressive marketing, “Pharma like” [new business] model