Asia is emerging as the vaccine hub of the world and India is on the go to play a key role in the vaccine market. The Global vaccine market is expected to reach $10 billion during the current year 2011. This is forecasted to scale up to $23.8 Billion by the year 2012 and to reach $40 billion by the year 2015.

A sharp increase in sales is expected in areas of Influenza and Hepatitis vaccines. The vaccines for cancer are expected to have a phenomenal growth due to increased disease incidence in the areas of cervical, prostrate and lung cancer. Though the pediatric vaccines were dominating the vaccine market in the past, a change in this trend is expected due to a high demand forecasted for the adult vaccines.

Global adult vaccine market was around $3.7 billion during 2005 and this market is estimated to reach $7.5 billion in 2012. The major contributors to the growth of the adult vaccine market would be Influenza vaccines, HIV vaccines and Cancer Vaccines. Cancer vaccines will also become a major player in the vaccine market, rising from its current level of $135 million to more than $8 billion by 2012.

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📌 VACCINE INDUSTRY IN INDIA – AN EMERGING GLOBAL HUB (Madurai)
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