The worldwide vaccine market has undergone a rapid transformation phase over the last few years. In the present scenario, major pharmaceutical players are eyeing vaccine market for their growth.
The global vaccine sales grew at a CAGR of around 28% during 2005-2008, reveals our new research report “Global Vaccine Market Forecast to 2012”.
According to the report, the leading pharmaceutical companies such as Sanofi Aventis, Glaxo Smith Kline, Merck and Wyeth made significant investments in R&D that brought the major turnaround in the market and the market size surpassed US$ 20 Billion in 2008.
Also, the introduction of cancer and rotavirus vaccines helped the global vaccine market to boost significantly.
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