In 2020, the vaccine market in China was estimated to be almost 35 billion yuan, registering a compound annual growth rate of 11.9 percent between 2019 and 2025. According to the forecast, China's private vaccine sector would amount to 57.7 billion yuan in total by 2025.
Forecasted private vaccine market size in China from 2019 to 2025, based on sales revenue
(in billion yuan)
One yuan equals approximately 0.15 U.S. dollars and 0.13 euros (as of February 2021).
Vaccines in the public market are commercially purchased by provincial Chinese Center for Disease Control and Prevention (CDCs) at relatively low prices and are available free of charge to the public. Vaccines in the private market are purchased by the public at their own expense.
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EqualOcean. (July 12, 2020). Forecasted private vaccine market size in China from 2019 to 2025, based on sales revenue (in billion yuan) [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/979837/china-vaccine-private-market-size/
EqualOcean. "Forecasted private vaccine market size in China from 2019 to 2025, based on sales revenue (in billion yuan)." Chart. July 12, 2020. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/979837/china-vaccine-private-market-size/
EqualOcean. (2020). Forecasted private vaccine market size in China from 2019 to 2025, based on sales revenue (in billion yuan). Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/979837/china-vaccine-private-market-size/
EqualOcean. "Forecasted Private Vaccine Market Size in China from 2019 to 2025, Based on Sales Revenue (in Billion Yuan)." Statista, Statista Inc., 12 Jul 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/979837/china-vaccine-private-market-size/
EqualOcean, Forecasted private vaccine market size in China from 2019 to 2025, based on sales revenue (in billion yuan) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/979837/china-vaccine-private-market-size/ (last visited November 13, 2024)
Forecasted private vaccine market size in China from 2019 to 2025, based on sales revenue (in billion yuan) [Graph], EqualOcean, July 12, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/979837/china-vaccine-private-market-size/
