FinancialNewsMedia.com News Commentary

PALM BEACH, Fla., Feb. 28, 2023 /PRNewswire/ -- The Coronavirus Global Market has been growing in the past few years and is anticipated to continue to grow in the next several years. In fact, the whole vaccines market is projected to see substantial growth as well. A report from MarketsAndMarkets projects that the vaccines market size (including COVID-19 vaccines) is projected to reach USD 149.2 billion by 2026 during the forecast period. The report said that: "Growing government support and focus for development of vaccine & immunization, and increasing prevalence of infectious diseases, are driving the vaccine market… Development of Vaccines is a huge capital intensive procedure. The storage and distribution cost of vaccines is higher than any other pharmaceutical product, as it requires monitoring devices and specialized equipment." Another report from Coherent Market Insights said that: "The rising number of coronavirus cases is expected to drive growth of coronavirus vaccine market over the forecast period (2028)." It added: "The Coronavirus Vaccine Market to Surpass US$ 95,988 Million By 2028. The increasing number of research and development activities by the market players for improving the effectiveness of coronavirus vaccine is expected to drive growth of the market over the forecast period." Active companies in the markets this week include Sunshine Biopharma Inc. (NASDAQ: SBFM), Moderna, Inc. (NASDAQ: MRNA), Novavax, Inc. (NASDAQ: NVAX), Vir Biotechnology, Inc. (NASDAQ: VIR), INOVIO (NASDAQ: INO).