The current pandemic has seen an increase in the global vaccine market as well as in the USA. Vaccination is the solution to safeguard humans from various infections and there are many companies that produce vaccination on a mass scale. The U.S. vaccine market alone accounted for US$ 19,355.2 million in 2020 and is going to be higher in the upcoming years.
At MedicoReach, we undertook research and studied the major players of the vaccination market. We realized there are various factors that are responsible for the rise and fall of the production of the vaccine. From our analysis, we observed the prevalence of disease, initiative of the organization, immunization program, government support, awareness, and focus on immunization. We also noticed that there are various challenges that the vaccine market faces like the cost of storage and transportation, obstacles in production, rigid rules and regulations.
MedicoReach also focused on the industry trend and the major key industry players who dominate the vaccine market such as Moderna, Pfizer-BioNtech, and Johnson and Johnson. The vaccine market is segmented on the basis of the following:
- Type Analysis
- Administration Analysis
- Disease Induction
- Age Group
- Distribution Channel