The market for class II vaccines grew significantly in the past decade. The size of the market grew from around 20 billion yuan to almost 50 billion yuan in 2020. With the release volume of the vaccine expected to rise further, the market also demonstrated its potential. As class II vaccines are not covered by the government's free and mandatory vaccination programs, the sector is subject to more competition, while manufacturers generally have higher profit margins.
Market size of class II vaccine industry in China from 2015 to 2020
(in billion yuan)
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Forward Intelligence (Qianzhan). (July 28, 2021). Market size of class II vaccine industry in China from 2015 to 2020 (in billion yuan) [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1312596/china-class-ii-vaccine-market-size/
Forward Intelligence (Qianzhan). "Market size of class II vaccine industry in China from 2015 to 2020 (in billion yuan)." Chart. July 28, 2021. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1312596/china-class-ii-vaccine-market-size/
Forward Intelligence (Qianzhan). (2021). Market size of class II vaccine industry in China from 2015 to 2020 (in billion yuan). Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1312596/china-class-ii-vaccine-market-size/
Forward Intelligence (Qianzhan). "Market Size of Class Ii Vaccine Industry in China from 2015 to 2020 (in Billion Yuan)." Statista, Statista Inc., 28 Jul 2021, https://www.statista.com/statistics/1312596/china-class-ii-vaccine-market-size/
Forward Intelligence (Qianzhan), Market size of class II vaccine industry in China from 2015 to 2020 (in billion yuan) Statista, https://www.statista.com/statistics/1312596/china-class-ii-vaccine-market-size/ (last visited November 18, 2024)
Market size of class II vaccine industry in China from 2015 to 2020 (in billion yuan) [Graph], Forward Intelligence (Qianzhan), July 28, 2021. [Online]. Available: https://www.statista.com/statistics/1312596/china-class-ii-vaccine-market-size/
