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Vaccines: sales show global growth
17th March 2006
The global vaccine market has demonstrated an attractive growth rate in recent years, with a compound annual growth rate (CAGR) of 29.3% between 1999 and 2004. The market was worth $3.6 billion in 2004, according to company-reported sales, and grew to a value of $9.9 billion in 2004, driven not only by major players such as GlaxoSmithKline and Sanofi-Aventis, but also by a variety of smaller companies. These include Japanese, Russian and Korean firms serving domestic markets whose demand for increased vaccination has undoubtedly increased in recent years.
Source: Datamonitor, "Stakeholder Perspectives: Influenza Vaccines - Flying back Into Flu"