The China Vaccine Market is projected to cross USD 9 Billion mark by the end of the year 2025. The significant factors that are propelling the market growth are; rising awareness among people, growing research, and development expenditure in the vaccine sector, improving healthcare infrastructure in China, rising per capita income.
The government of China withdraws the one-child policy in the year 2017. Therefore an increasing number of newborn babies reached 16.7 Million in the year 2018, and again this number is expected to grow in the coming future. China is one of the world's biggest vaccine manufacturers. So, higher demand and proper supply of vaccines will further boost the China vaccine market during the forecast period.
Chinese people are quite aware of immunization, and private companies have invested a massive chunk of money in sustaining the market growth of China Vaccine market in the long run. In the past few years, China's vaccine market has faced several scandals, which may restrain the growth of the vaccine market.
To promote the broader uses of the vaccines, the Chinese government is facilitating vaccines at low cost or even giving it free in government hospitals. They are also increasing private centers that can promote vaccine services based on customer demand.
China Vaccine Market Analysis by Disease Type
In this section of the report, we have done China vaccine market analysis by disease type. Meningococcal meningitis, Pneumococcal, and DTP Vaccine are the first vaccine dominating the overall China vaccine market and anticipated to capture the largest share in the vaccine market. Based on the disease type vaccine market of China is divided into Meningococcal meningitis, Pneumococcal, DTP, Ebola, Rabies & Others.
Based on the product, the China vaccine market is fragmented into seven parts; MCV4, MPSV4, MCV2-Hib, MCV2, MPSV2, and Men A, PCV13, and PPV23. PCV13 vaccine product gained the largest market share in the overall market. It is anticipated that PCV13 continues to hold the leading market position during the forecast period.
China Vaccine Market Analysis by Public and Private Vaccine
This section of the report provides a detailed analysis of the Public and Private Vaccine market along with several government initiatives and private expenditure on R&D process.
Company Analysis Covered in the Report
In this section of the report, we have done an overall analysis of leading key players such as business overview, sales analysis, and recent development and strategy of the below mentioned 6 countries.
1. Sinopharm Group (China National Biotec Group Company Limited)
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