Big Pharma will make a boatload of money from vaccines–good news

Money injectionAccording to a new market research report (a very expensive report hidden behind a paywall), estimate that the total vaccine market will grow from its current worldwide value of approximately US$30 billion to approximately US$100 billion in 2025. That’s an annual growth rate of approximately 10-15% for the sector compared to a 5-7% annual growth rate for all other pharmaceuticals. Still, in 2025, the total worldwide market for pharmaceuticals will be nearly US$800 billion and for medical devices (largely owned by pharmaceutical companies) nearly US$700 billion, which still makes vaccines a small part (about 7%) of the total medical products business. Continue reading “Big Pharma will make a boatload of money from vaccines–good news”