Global Vaccine Market Report 2022

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Global Vaccine Market Report 2022

Recently the World Health Organization (WHO) has released the Global Vaccine Market Report 2022.

This is the first report to capture the effects of COVID-19 on global vaccine markets.

Key findings

  • The vaccine supply base is highly concentrated. Only ten manufacturers alone provide 70% of the vaccine dose (excluding COVID).
  • There is a lack of uniform distribution. The African region has received only 3% of the total doses of the COVID-19 vaccine.
  • Countries’ predictable demand is the key to guide investment. Thus, efforts should be focused on increasing the predictability of demand.

Suggestions

For Government:

  • Preliminary evidence-based strategic goals should be set.
  • Invest in new vaccine technologies. In addition, regulatory balance must be established.
  • Transparency should be ensured in terms of dissemination of intellectual property rights and inputs related to it.

For Industry:

  • Research and development efforts should be focused on the WHO’s list of priority pathogens.
  • Transparency must be ensured in the vaccine value chain.
  • Equity based allocation of products should be permitted.

For International Organizations:

  • According to the Immunization Agenda 2030, global public health should be a priority.
  • Country-driven initiatives should be supported and duplication avoided.
  • The call for implementation of resolutions on technology transfer and market transparency for healthcare products should continue.
  • It is a subsidiary unit of the United Nations. This organization was established on 7th April 1948.
  • The World Health Organization has 194 member countries and two affiliated members. Its aim is to raise the level of health of the people of the world.
  • The headquarters of WHO is located in the city of Geneva, Switzerland.
  • India became a member of WHO on January 12, 1948.
  • The WHO Regional Office for South-East Asia is located in New Delhi.

Source – The Hindu

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