Vaccines are doses of killed microbes that stimulate the immune systems of the body against that particular microbe, preventing the diseases. As the dead microbes of the disease are injected, the body makes resistance against that particular type of microbe therefore preventing the disease when the live microbes attack the human and boosting the immune system and Drugs are the compounds which change the functioning of the consumer when inhaled. Thus, both Vaccines and Drugs are used to prevent and treat diseases.
According to the analysis report of,’ Global Vaccine and Drugs Market to reach USD XXX billion by 2026.’ Major market players in the market of Global Vaccine and Drugs Market include Pfizer Inc. (US), Johnson & Johnson Services Inc (US), and GlaxoSmithKline plc. (UK), Sanofi S.A (France), Serum Institute of India (India), Gilead Sciences Inc. (US), F. Hoffmann-La Roche Ltd (Switzerland), Merck KGaA (Germany) and Janssen Pharmaceuticals, Inc. (Belgium). Not only has this, the players around the global vaccine and drugs market are effectively functioning and implementing the strategies of partnership, joint venture, collaboration, amalgamation, new product development, merger and acquisition and several other for ruling around the globe throughout the short span of time.
The increase in number of infectious diseases across the globe including Swine Flu, Ebola, Influenza, Tuberculosis, hepatitis and more drive the market for Vaccines and Drugs. These infectious diseases transmit quickly and hence vaccines are required to immunize the population. For Instance: the spread of the COVID-19 virus has steered the vaccine and drug market towards growth. With the disease declared as a pandemic the requirement for its Vaccine and drugs has soared. This is due to the large population being infected by the virus which increases the demand for treatment drugs. As per the World of Meters, as of 6th may 2020, there were around 3.7 million cases of COVID-19 across the globe. The treatment of this huge number of infected people brings a steep incline in the vaccine and drugs market. Due to these treatment efforts, 1.2 million people have been cured. Moreover, to save the rest of the population of the world from the novel Corona Virus, the development of a Vaccine is essential. This has led to increased investments and efforts in the research and development department of the medical sector.
Whereas, the regional analysis of global Modular Healthcare Facilities market is measured for the effective regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of major Pharma companies in the region which have the resources to develop the vaccine. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.
Furthermore, factors such as rising populations and growing number of cases along with early clinical trial approvals would create lucrative growth prospects for the Vaccine and Drugs market across Asia-Pacific region. Moreover, Laboratories across the globe are working on developing a vaccine for the virus which has boosted the Vaccine market. As the increasing number of clinical trials propels an increase in the vaccine and drugs market. Therefore, it is expected that the market will boost up throughout the forecast amount.
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Ankur Gupta, Head Marketing & Communications