Flu Vaccine Anticipated to Surpass $8 Billion
That’s a lot of money. There will be an even stronger push for the flu vaccine over the next 8 years to get to that $8 Billion mark.
The average time for manufacturing vaccines and ensuring their availability in the market is approximately 2 years, although flu vaccines are launched in the market in a period of around 6 months. Researchers concluded that various pharmaceutical and biopharmaceutical companies are able to manufacture flu vaccines in a shorter duration of time to become major drivers of the market.
Remember this when they tell you that vaccines aren’t about making money and the manufacturers are doing this out of the goodness of their heart to help the health of humanity.
“According to a research study by PMR, the global flu vaccine market is projected to account for a market value of approximately $8 billion by the end of 2029. Increasing vaccination rates and a focus on preventive instead of reactive methods are expected to drive the growth of the market, according to the study.”