IMAPAC Event» Business Conferences » Vaccine World Summit India 2013 - The Concept
International Marketing Partner
Neville De Nazareth
While the pharmaceutical industry is expecting only a single digit growth rate in the coming years and predicted to reach $975 billion by 2013, the outlook of the vaccine industry is one of continued growth. Between 2009 and 2010, the global vaccine market grew approximately 15% to 25.3 billion and is predicted to reach $56.7 billion by 2017.
Currently 17 major diseases are preventable through proper vaccination programme. However, many infectious diseases are still claiming multiple lives worldwide on a daily basis. WHO estimates that, in 2008, about 95% of the 16 million reported cases of pertussis occurred in developing countries which contributed to approximately 195 000 child deaths. Even developed countries are not spared. In 2010 California was hit by a pertussis epidemic - one that had not been seen in 50 years. It claimed 10 infants and hospitalized 700 others as it continued its climb to 1000 infected individuals in 2011.
The world is in need of affordable and high quality vaccines! This is as true for the developing world as it is for the developed countries. However, major challenges still persist in the vaccine industry, notably:
India, being the global hub for the manufacturing of low cost vaccines, caters for 43% of the global vaccine supply. Its own vaccine market is estimated at around $900 million and is expected to grow at 23% from 2011 to 2013. With its remarkable track record for producing low cost vaccines and increasingly available funds for R&D, India is well positioned to take the lead in the creation of innovative affordable high quality vaccines for the developing world and cater to an ever growing domestic market as well as the international market.
As India sets out to maintain its current position, its vaccine industry faces both opportunities and challenges from foreign and domestic forces. Examples of challenges listed by industry observers include:
How will India react and what can be done for them to stay ahead of the competition? These questions and many more pressing issues will be hotly debated at the Vaccine World Summit 2013. This event promises to provide participants an avenue to meet Indian and international vaccine industry players, innovative solutions providers and regulatory officials from around the world to discuss, innovate and forge strategic partnerships.
Act now to be part of 2013's most important vaccine event in India for the developing countries. To discuss your potential involvement, please contact
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