I have read in several places that vaccines are not a money maker for pharmaceutical companies. It's all about the well being of patients and public health, I have heard said over and over again. Not true according to the Global Vaccine Forecast to 2012 put out by RNCOS Industry Solutions.
In a synopsis of the report they wrote,
“Global Vaccine Market Forecast to 2012”, our new research report, states that vaccines, which were earlier thought as a low margin, low growth industry, have emerged as one of the most lucrative segments in the pharmaceutical industry. With a projected CAGR growth of over 16% in the next five years, the industry will emerge as the fastest growing therapy area. The US and Europe represents the two largest vaccine markets (in fact, these tow countries were the largest markets in 2007) and will continue to experience healthy growth in future.
The synopsis of the report continues by forecasting the growth of the vaccine market, explaining how the pediatric market now dominates, but in the future it will be in the older population.
What kind of growth are we talking about here?
Owing to lower margins and the mature nature of these markets, the basic and enhanced pediatric markets are expected to show stagnant growth in future. On the other hand, launch of a number of new vaccines will make the addiction, cancer and proprietary pediatrics/adolescent vaccine market highly dynamic. On a whole, the global vaccine market is expected to register revenues in excess of US$ 30 Billion by 2012.
That's 30 billion oh-my-God-that's-more-than-some-countries'-entire-GDP dollars by 2012. Who's up for some addiction vaccines? How about more cancer vaccines, or perhaps some obesity vaccines?
You can read the synopsis here. Or, if you'd like, feel free to buy a copy of the full report. It's only $2,000.
That sounds like a lot of money for a report, however, I'm sure the pharmaceutical companies can more than recoup that from the $30 billion.
Oh, and again, it's not about the money. Don't be silly!
Originally, We Don't Buy It was about my family's life experiment of not buying new things for a year in 2008. We mostly did it and learned a lot about our relationship to things. Now, this blog is more about the ideas we don't buy. Oh, so many awful ideas and pressures out there. We're rejecting a lot of them--ideas that keep people boxed in, and stuck. We're going our own way. We still don't buy it.
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