Vaccines are an important part of
preventive medicine, and are vital for protecting against disease. Millions of
people are immunized each year, and the benefits outweigh the risks. Although
vaccinations do carry some risk, most reactions are mild and rarely lead to
serious side effects. A vaccine's effectiveness depends on how effective it is
at preventing the disease. Vaccines are administered to prevent serious
diseases and help prevent others from contracting them. These vaccinations
stimulate the immune system, preparing it to fight infections better and more
efficiently. Typically, a child receives two vaccinations during his or her
childhood. These are the MMR, Varicella (chickenpox) and HPV.
Market Dynamics:
Increase in the advent of
infectious diseases is expected to propel growth of the global vaccines market
over the forecast period. As frequency of people traveling is increased, number
of people living in densely populated area is rising, as well as closer contact
with wild animals are causing emergence of diseases and global pandemic. For
instance, according to the World Health Organization, malaria affected 241
million people all over the world in 2020. The number of people died due to
malaria in 2020 was 627 000.
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