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During the forecast period of 2023-2033, the global vaccines market is expected to reach an estimated value of ~USD 135 billion by 2033, by expanding at a CAGR of ~8%. The market further generated a revenue of ~USD 70 billion in the year 2022. Major key factors propelling the growth of vaccines market worldwide are the increasing cases of bacterial and other infectious diseases and COVID-19's strong global prevalence. According to the World Health Organization (WHO), 611,421,786 new COVID-19 infections were reported at 5:39 PM CEST on September 23, 2022.
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