This report presents a strategic analysis of the China Vaccines Market and a forecast for its development in the medium and long term. It provides a broad overview of the market dynamics, trends and insights, growth drivers and restraints, segmentation, competitive landscape, healthcare policies and regulatory framework, reimbursement scenario, challenges and future outlook. This is one of the most comprehensive reports about the China Vaccines Market, offering unmatched value, accuracy and expert insights.
China has a socialist market economy, which means that state-owned companies account for the majority of the economy. The state-owned sector works based on an open-market economy, which is based on supply and demand. China is the world's second-largest economy in terms of nominal GDP and the largest in terms of purchasing power parity (PPP). Its economy grew at a rate of 10% per year for nearly three decades, making it the fastest-growing in the world.
China's healthcare system has advanced dramatically in recent years, and many aspects of how medical treatment is delivered are still being examined in order to achieve progress.
The pharmaceutical industry is responsible for the research, development, production, and distribution of medications. Pharma revenues worldwide reached $1.42 trillion in 2021 due to the market's rapid growth over the previous two decades. With the introduction of new technology as well as more economical and effective manufacturing techniques, the pharmaceutical industry has experienced a significant transition. Additionally, the market growth has been positively driven by rising investment flow in this sector.
The never-ending trial-and-error process for developing effective treatments for diseases like malaria, HIV, and tuberculosis is one of the largest difficulties faced by organizations and businesses around the world. Due to an increase in the prevalence of bacterial and viral infectious diseases during the past several years, there has been an increase in the demand for immunizations. Vaccinations are basically given to people of all ages, which boosts their immune systems during the course of their lives and provides defence against various infectious diseases. Government agencies and pharmaceutical firms are working extremely hard to set up plans for the creation of treatments for these diseases.
The China Vaccines Market size is at around Rmb35.3 Bn in 2021 and is projected to reach Rmb106.5 Bn in 2030, exhibiting a CAGR of 11.7% during the forecast period.
Market Growth Drivers Analysis
The possibility of newly emerging infectious diseases spreading quickly and causing pandemics over the world is a serious issue since people are interacting with wild animals more regularly, traveling much more frequently, and over much greater distances than they did in the past. Additionally, there is a chance that illnesses could spread as a result of the intentional introduction into populations of humans, animals, or plants for harmful objectives.
Market Restraints
The process of developing vaccines requires a significant amount of capital. The cost of storing and shipping vaccinations is higher than that of any other pharmaceutical product because they need specific facilities and monitoring systems. The effectiveness and quality of vaccines can suffer from inadequate storage and delivery infrastructure. The development process takes 10 to 15 years and costs between USD 800 million - USD 1 billion. Additionally, because vaccine development has a low success rate, businesses struggle to control operational expenses and secure initial investments. Therefore, the high cost of vaccine production and storage is limiting market expansion.
Key Players
The prominent players operating in this market include GlaxoSmithKline Plc (UK), Merck & Co., Inc. (US), Sanofi SA (France), Pfizer, Inc. (US), Johnson & Johnson (US), CSL Limited (Australia), Novavax, Inc. (US), Panacea Biotec (India), Sinovac Biotech Ltd. (China) and Mitsubishi Tanabe Pharma Corporation (Japan)
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Technology (excluding COVID-19 vaccines) (Revenue, USD Billion):
COVID-19 Vaccines Market, by Technology (Revenue, USD Billion):
By Type (Revenue, USD Billion):
By Disease Indication (Revenue, USD Billion):
By Route of Administration (Revenue, USD Billion):
By End-user
Methodology for Database Creation
Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.
Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.
How Do We Get It?
Our database is created and maintained through a combination of secondary and primary research methodologies.
1. Secondary Research
With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:
With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:
2. Primary Research
To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:
Combining Secondary and Primary Research
By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:
Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.
We value your inquiry and offer free customization with every report to fulfil your exact research needs.