Vaccine release volume in China 2008-2021
In 2021, apart from the COVID-19 vaccine doses, approximately 600 million doses of vaccines were released in China, representing a decrease of almost eight percent from the previous year. The national immunization program in China covers about 15 infectious diseases.
China is the most populated country in the world, which consequently renders it as a highly potential market for the global vaccine manufacturing industry. The country has relaxed its decades-long one-child policy recently, which has contributed to a higher proportion of older people in the population. The new regulation encourages couples to have two children, and this change is expected to drive the demand for child vaccinations. In China, free vaccines for children up to the age of 14 years are ensured by a government initiative named the Extended Program on Immunization (EPI).
Vaccines in China are divided into two groups: category I and category II. Category I vaccines are included in the EPI and government insurance schemes. They are compulsory vaccines and free of charge. Category II vaccines belong to the private sector. They are voluntary vaccines and made-for-profit. With a competitive private sector and government regulated market prices for public vaccines, the public vaccination market showed a steady decline in its revenue, accompanied by predictions of stagnation in terms of market size.
Population and changing demographics
China is the most populated country in the world, which consequently renders it as a highly potential market for the global vaccine manufacturing industry. The country has relaxed its decades-long one-child policy recently, which has contributed to a higher proportion of older people in the population. The new regulation encourages couples to have two children, and this change is expected to drive the demand for child vaccinations. In China, free vaccines for children up to the age of 14 years are ensured by a government initiative named the Extended Program on Immunization (EPI).
The Chinese public and private vaccine markets
Vaccines in China are divided into two groups: category I and category II. Category I vaccines are included in the EPI and government insurance schemes. They are compulsory vaccines and free of charge. Category II vaccines belong to the private sector. They are voluntary vaccines and made-for-profit. With a competitive private sector and government regulated market prices for public vaccines, the public vaccination market showed a steady decline in its revenue, accompanied by predictions of stagnation in terms of market size.
