Navigation Links
Frost & Sullivan Sees Opportunities in Chinese Vaccine Industry
Date:6/22/2009

SHANGHAI, June 22 /PRNewswire/ -- With the outbreak of H1N1 influenza in several countries, people are highly aware of the importance of vaccine, which can effectively prevent the disease from spreading. The discussion for a vaccine to curb the H1N1 influenza has become a hot topic around the world. In fact, the vaccine market has been a leading force in the pharmaceutical industry in China and globally for quite some time now.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)

According to Frost & Sullivan's research in the Chinese vaccine market, the CAGR of the pharmaceutical industry in the next 7 years is expected to be around 4-5 percent, of which CAGR of the vaccine market is predicted far beyond that of the pharmaceutical industry at 14-15 percent.

Frost & Sullivan strongly believes that there are great opportunities for vaccine producers with the rapid growth of the Chinese vaccine market. There are four key factors that keep driving the growth of the vaccine market.

Firstly, stable demand guarantees the growth of the vaccine market. The children vaccine segment is, and will continue to be the most important part of the total vaccine market. In the year 2008, the number of newborns in China was 16,080,000 with a birth rate of 12.4 percent. The birth rate is expected to decrease gradually in the long run, but considering the country's current larger population base comprising young productive ladies, the number of new born babies in next 5 years will remain at a stable and relative high level. In this way the demand of vaccine will up keep its increasing trend.

Secondly, the public awareness for importance of vaccination is also on the rise. The recent H1N1 breakout actually increased the awareness of prevention through vaccination among the public. In addition, we have noticed that some pharmaceutical companies start to promote their vaccines on television and even outdoors in the form of public service advertisements, which also helps to popularize the awareness of disease prevention, hence increases vaccine consumption.

Thirdly, the self-paid rate of vaccine is expected to increase. The usage rate of self-paid EPI (Expanded Programme on Immunization) vaccines is about 10 - 20 percent. POV doctors strongly recommend free vaccines. In the future, with the increasing healthcare expenditure of the Chinese people and the increasing awareness about vaccine features, the self-paid vaccines, which are usually of better safety profile, are expected to be used more widely and frequently.

Last but not least, government support guides a promising development for the vaccine market. The Chinese government has paid and will pay more attention to prevention and immunization. In 2008, the government announced the enlarged immunization program, increasing the financing from previously 218 million RMB to 2.8 billion RMB. The policy from Central Government provides the whole industry with a strong confidence and good environment for further development.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

    Media Contact:

    Riona Jin
    Corporate Communications - China
    P: +86 21 5407 5836
    M: +86 139 169 87828
    E: riona.jin@frost.com


'/>"/>
SOURCE Frost & Sullivan
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Digital Mammography and Clinical Review Display Units Energising the European Markets for Medical Imaging Display Monitors, Finds Frost & Sullivan
2. The Latin American Digital Radiography Market to Grow Significantly due to the Need to Improve Digital Adoption, Observes Frost & Sullivan
3. Frost & Sullivan Recognizes Singulex for Erenna(R) Immunoassay System
4. Frost & Sullivan: Replacement of Old Equipment Boosts Kenyan Medical Imaging Industry
5. Frost & Sullivan: Momentum Mounting for Catheter Ablation Technologies in Treatment of Atrial Fibrillation
6. Frost & Sullivan Presents LG Electronics IRIS With the 2009 Global Iris Recognition Biometrics Market Customer Value Leadership of the Year Award
7. IT Budgets of Healthcare Organizations in Asia Pacific Region Expected to Grow, Regardless of the Economic Slowdown, says Frost & Sullivan
8. Advanced Technologies Pump Growth Into European Cardiac Rhythm Management Market, Affirms Frost & Sullivan
9. European Prebiotics Market Diversifies Strongly Across New Application Sectors in Food and Beverage Industry, Finds Frost & Sullivan
10. Frost & Sullivan: Healthcare Delivery in APAC Upon Economic Recession
11. Frost & Sullivan Looks at the Influence of Chinas New Health Reform on the Pharmaceutical Market
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/5/2016)... ... ... Shah MD, MBA has joined the Retina Group of New York (RGONY) specializing ... M. Maisel, MD and has been providing tertiary medical and surgical retinal care on Long ... expectations amongst her peers. Growing up in a family of doctors, Dr. Shah emulated ...
(Date:12/5/2016)... ... December 05, 2016 , ... Houston ... 2016 Anti-Aging & Beauty Awards at The Aesthetic & Anti-aging Medicine European ... European Congress (AMEC) brings together the industry’s leading scientific experts, speakers, clinicians, ...
(Date:12/4/2016)... ... December 03, 2016 , ... The Lymphoma Research ... lymphoma research and serving the lymphoma community through a comprehensive series of education ... Tasting Event in New York City, with long-time partners The Paul Foundation, on ...
(Date:12/4/2016)... TX (PRWEB) , ... December 03, 2016 , ... ... the “Fastest growing Entrepreneurial Company in the Dallas area” Tuesday evening at the ... Omni Dallas Hotel, presented by SMU's Cox School’s Caruth Institute for Entrepreneurship. Dallas ...
(Date:12/4/2016)... ... ... Responsible dental care hinges on regular brushing of the teeth. However, just brushing ... inspired an inventor from Las Vegas, Nev., to design the BRUSH PROPER. , ... bad techniques of brushing the teeth in order to prevent cavities," he said. "Children ...
Breaking Medicine News(10 mins):
(Date:12/2/2016)... YORK , December 2, 2016 ... the global cardiac pacemaker market in its upcoming report titled, "Global Market ... Register a Declining CAGR of -1.4% between 2016 and ... 4,100.0 Mn in 2015 and this is likely to ... of revenue, the global cardiac pacemaker market is anticipated ...
(Date:12/2/2016)... According to a new ... Product (Instruments, Reagents, Software), Technology (Immunoassay, Clinical Chemistry, ... Infectious Diseases) - Forecast to 2021" published by ... 60.22 Billion in 2016. This market is expected ... the forecast period (2016-2021) to reach USD 78.74 ...
(Date:12/2/2016)... , Dec. 2, 2016  The Addiction Treatment ... Academy of Managed Care Pharmacy (AMCP), has released ... better address the opioid addiction crisis, including through ... (MAT). ATAG,s newly released paper, "The ... to Naloxone," addresses many issues around gaps and ...
Breaking Medicine Technology: