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31 According to the latest report by IMARC Group, titled “Vaccine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global vaccine market size reached US$ 37 Billion in 2019. A vaccine refers to a biological preparation made using the weakened form of the disease-causing microorganism. It is injected to stimulate the production of antibodies against several pathogens present in the body. Moreover, it helps to prevent life-threatening diseases, such as polio, measles, diphtheria, meningitis, influenza, tetanus, rotavirus and hepatitis. Consequently, vaccines are increasingly being utilized in hospitals, clinics and vaccination centers worldwide. They are also widely adopted for research and development (R&D) purposes in academic setups and clinical laboratories across the globe.

United statesUnited kingdomSouth koreaAsia pacificDaiichi sankyo companyGlaxosmithkline plcEmergent biosolutions incMerck coInovio pharmaceuticals incAstrazeneca plcTakeda pharmaceutical companyAstellas pharma incPfizer incSubcutaneous administrationNovavax incPanacea biotec ltd