Global vaccine sales up 16% in 2009, report says

NewsGuard 100/100 Score

Global vaccine sales "grew by a healthy 16 percent last year, when sales shot up to $22.1 billion, healthcare market research publisher Kalorama Information reported Friday," according to the Associated Press. Kalorama is also forecasting sales "will rise at a compound annual rate of 9.7 percent during the next five years," (Johnson, 8/14).

According to a Kalorama press release, future growth will occur "as new product introductions continue and the use of current products expands further" (8/12).

AP writes that vaccines are a "priority research area" for many pharmaceutical companies, including Merck & Co. and GlaxoSmithKline, which are "working to boost vaccine sales in heavily populated emerging markets including China and India."

"The Kalorama report noted that sales of children's vaccines, which account for more than half of the market, are growing at a faster rate than adult vaccines. That trend is expected to continue for the next five years," AP reports, noting that adult vaccine sales have been driven by last year's H1N1 flu epidemic (8/14).

Merck & Co. To Donate 1M Pneumococcal Vaccine Doses To Nicaragua

The AP/Bloomberg Businessweek reports that Merck & Co. will "donate a million doses of its pneumococcal vaccine Pneumovax 23 to people in Nicaragua, according to [Project HOPE] an international aid organization." The company will donate the vaccine and $700,000 to "to help improve health care in Nicaragua," especially among HIV/AIDS patients, adults over 50 and people with chronic diseases (8/12).


Kaiser Health NewsThis article was reprinted from khn.org with permission from the Henry J. Kaiser Family Foundation. Kaiser Health News, an editorially independent news service, is a program of the Kaiser Family Foundation, a nonpartisan health care policy research organization unaffiliated with Kaiser Permanente.

Comments

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
Post a new comment
Post

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

You might also like...
New Quartet nanocage vaccine shows promise against coronavirus variants