123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Health >> View Article

Covid-19 Impact On Vaccines And Drugs Market | Recent Developments, Segmentation & Geographical Anal

Profile Picture
By Author: robert henric
Total Articles: 492
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

MarketsandMarkets™ recently launched the report, “COVID-19 Impact on Vaccines and Drugs Market – Global Forecast to 2025″. The study states that the COVID-19 Impact on the global Vaccines Market size is estimated at USD 2,273 million in 2022 and projected to reach USD 1,401 million by 2025, resulting in a CAGR of -14.9%. On the other hand, the COVID-19 impact on the global Drugs Market size is anticipated at 165 million in 2020 and estimated to reach USD 2 million by 2025, at a CAGR of -57.8%.

The growth of the COVID vaccines market is attributed majorly to the increasing number of people infected with coronavirus and growing funding for vaccine development. The growth of the COVID drugs market is primarily attributed to use of repurposed drugs for compassionate use, the emergence of alternate therapies, such as convalescent plasma therapy which were earlier used for treating epidemic diseases such as SARS, MERS, and H1N1, collaborations between global organizations and governments of various nations to promote the supply of essential drugs and medical supplies.

Browse 14 market data tables and 15 figures ...
... spread through 66 pages and in-depth TOC – Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=112248051

Funding from global governments and foundations is promoting the growth of the market;

Incentives are needed to engage manufacturers for the large-scale capacity to guarantee sufficient production of SARS-CoV-2 vaccines. In line with this, various global organizations have come forward to expedite the process, such as Gavi, CEPI, and WHO. However, considering the pandemic scenario of COVID-19, much stronger initiatives are required.

In April 2020, the Bill and Melinda Gates Foundation announced plans to help fund factories for seven promising vaccines, even before seeing conclusive data. The foundation aims to help scale up manufacturing during testing, rather than after the vaccines have passed the trials.

Vaccine manufacturing ramp-up to drive the growth further

While global drug makers are pouring massive resources into developing targeted therapies and vaccines, contract development and manufacturing organizations (CDMOs) are finding ways to ramp up the production of vaccines. In line with this, a new CDMO from Belgium’s Univercells is offering its expertise to help drug makers scale up their manufacturing.

Pfizer and BioNTech have initiated plans for clinical trials and producing millions of doses, if the trials succeed. The companies expect to have millions of doses of a COVID-19 vaccine ready to go by year-end if the companies begin human testing as planned by late April. Pfizer and BioNTech are hoping to advance multiple mRNA vaccine candidates.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=112248051

COVID-19 Impact on Vaccines and Drugs Market Recent Developments;

– April 2020, Johnson & Johnson to Produce 900M COVID-19 Vaccine Doses by Q1 2021

– April 2020, GSK and Sanofi. Sanofi and GSK are working together on the development of Covid-19 vaccine

– March 2020, WHO conduction global clinical trial for most promising drugs in multiple countries

Geographical Regions Mapped in Report:

North America is expected to account for the largest share of the COVID-19 drugs market in 2020. The large share of North America is attributed to the increasing prevalence of COVID-19, rising demand for repurposed drugs, collaborations among manufacturers and academics, and the implementation of favorable initiatives by the government in the US and Canada. The North American market is also expected to grow at the highest rate during the forecast period.

Key Market Players;

Key players in the COVID-19 vaccines market include Pfizer Inc. (US), Johnson & Johnson Services, Inc (US), GlaxoSmithKline plc. (UK), Sanofi (France) Serum Institute of India (India), among others. Major players in the COVID-19 drugs market include Gilead Sciences, Inc. (US), Sanofi (France), F. Hoffmann-La Roche Ltd (Switzerland), Merck KGaA (Germany), Janssen Pharmaceuticals, Inc. (Belgium) among others.

Total Views: 432Word Count: 597See All articles From Author

Add Comment

Health Articles

1. Surrogacy In 2025: What To Expect And How The Laws Are Evolving
Author: Surrogacy Centre India

2. Arnica As A Medicine
Author: Rade Radosavljevic

3. An Ultimate Guide To Surviving The First 48 Hours After Wisdom Teeth Removal
Author: Will Sievier

4. Understanding The Different Types Of Dental Implants
Author: Paulo Pinho

5. How Smoking And Alcohol Affect Wisdom Teeth Removal Recovery
Author: Paulo Pinho

6. White Star Dental Clinic – Your Trusted Partner For A Healthy Smile
Author: White Star Dental Clinic

7. How Long Do Invisible Braces Take To Work? What To Expect
Author: Charlie Wellish

8. Order Online Ayurvedic Medicine: Heal Naturally At Home
Author: ayushmedi

9. Impacted Wisdom Teeth: Symptoms, Risks, And Treatment Options
Author: Paulo Pinho

10. Get The Best Online Cake Delivery Mumbai Can Offer
Author: Loveandcheesecake

11. 5-day Apple Diet Plan For Effective Weight Loss
Author: Go Moringa Dietician / Nutritionist in Gurgaon

12. Dental Treatment For Nervous Patients At Kaa Dentals
Author: KAA dentals

13. Consult An Eye Specialist Doctor In Thane For Better Sight
Author: Anil Eye Hospital

14. Do Wisdom Teeth Affect Your Other Teeth? Understanding Crowding And Shifting
Author: Paulo Pinho

15. Motivation Is Simpler Than You Think
Author: Impaakt Magazine

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: