Definition:
This market covers vaccines against infectious diseases. They help to prevent diseases, usually through active immunization. Vaccines against infectious diseases transmitted by viruses (e.g., hepatitis A and B or COVID-19) and bacteria (e.g., typhoid fever or meningococcus) are included.
Additional information:
Market values represent the revenues generated by manufacture prices paid to primary vendors, either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), companies (B2B), and governments (B2G).
Company examples: Pfizer, GlaxoSmithKline, Merck & Co, Sanofi, Moderna, AstraZeneca
Notes: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war.
Most recent update: Jun 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Mar 2024
The demand for vaccines in Estonia has been increasing steadily in recent years, indicating a growing awareness and concern for public health and disease prevention.
Customer preferences: Estonians tend to prioritize preventive healthcare measures, including vaccinations, to maintain good health and prevent the spread of diseases. This trend is in line with global health recommendations and reflects a growing concern for public health and safety.
Trends in the market: The vaccines market in Estonia is expected to experience significant growth in the coming years, driven by a rising demand for preventive healthcare and an increasing number of government initiatives aimed at promoting vaccination. The market is also being fueled by the growing prevalence of infectious diseases and the need to combat them effectively. The demand for vaccines is expected to be particularly high among children, the elderly, and individuals with chronic health conditions.
Local special circumstances: Estonia has a well-established healthcare system that provides free or low-cost vaccinations to the population. The country also has a high vaccination coverage rate, indicating a strong commitment to disease prevention and public health. However, there have been concerns about vaccine hesitancy in some segments of the population, which could potentially hinder the growth of the market.
Underlying macroeconomic factors: Estonia has a stable economy and a growing healthcare sector, which is expected to drive the growth of the vaccines market. The country also has a well-educated population with a high level of health literacy, which is likely to contribute to the demand for vaccines. Additionally, the Estonian government has implemented various policies and initiatives aimed at promoting public health and disease prevention, which is expected to further boost the growth of the vaccines market.
Most recent update: Jun 2024
Source: Statista Market Insights
Data coverage:
Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.Modeling approach / Market size:
Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.Additional notes:
Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights