COVID-19 Vaccine Development Tools Market size is expected to reach USD 30.9 billion by 2028
COVID-19 Vaccine Development Tools Industry Overview The global COVID-19 vaccine development tools market size was valued at USD 16.0 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.6% from 2021 to 2028. The market is expected to maintain its momentum in the coming future, attributive to the heavy influx of vaccine developers and manufacturers across the globe. Despite the speedy development and rollout of vaccines, the SARS-CoV-2 infection curve has just begun to plateau, particularly in the developed countries. Additionally, variants of SARS-COV-2 have emerged in 2020 that demand re-testing of the immunization efficacy of first-generation vaccines, while current efforts are still being targeted towards finding the best manner of vaccine rollout that addresses the unprecedented vaccination programs implemented globally. Life sciences industries are focusing on developing long-term recovery for the SARS-COV-2 infection, which has ...