Asia Pacific Preventive Vaccines Market to Hit Valuation of USD 63.11 Billion by 2032: Astute Analytica [Yahoo! Finance]
Dr. Reddy's Laboratories Ltd (RDY)
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Source: Yahoo! Finance
Government support, technological innovation, and domestic manufacturing hubs further fuel growth. Challenges remain in affordability, access, and vaccine hesitancy, but the outlook is promising for continued expansion. New Delhi, March 18, 2024 (GLOBE NEWSWIRE) -- According to the latest research by Astute Analytica, the Asia Pacific preventive vaccines market is expected to reach a valuation of US$ 63.11 billion by 2032, up from US$ 20.9 billion in 2023, at a CAGR of 13.07% during the forecast period 2024–2032. The Asia Pacific region has established itself a powerhouse within the preventive vaccines market. With countries like India, which is known as the 'pharmacy of the world,' leading with significant exports (more than 140 million COVID-19 vaccine doses) and China ramping up production, it's no wonder that India supplies over 60% of global vaccine demand. This growth has been funded by massive foreign and domestic investments, bringing South Korea and Singapore more than $3
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News
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RDY
Earnings
- 1/31/24 - Beat
RDY
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/23/24 - Form 6-K
- RDY's page on the SEC website