Global Vaccine Market Report 2022

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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