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Vaccine Demand, Production Increase in India

Posted: November 8th, 2012 | Author: | Filed under: Passport Health Sarasota-Bradenton Announcements | Tags: , , | Comments Off on Vaccine Demand, Production Increase in India

Anticipating a sizable shift in India‘s vaccine industry landscape, a new report estimates that the country’s vaccine production sector will likely expand to an estimated $871 million by 2016. Compare that with 2011’s value of $350 million.

Global Business Intelligence Research forecasts the Indian vaccine market will grow 20% a year for the next four years. New research into cancer vaccines and fears of bioterrorism and severe acute respiratory syndrome (SARS) are sparking the rise in production.

In recent years, Indiahas emerged as a major vaccine producer, aiming efforts on geographical regions where vaccines are not funded by the United Nations or charitable organizations. Such a focus meant exports made up 65% of the Indian vaccines market last year.