Vaccine market size in China 2016-2025
In 2020, the market size of the vaccine industry in China surpassed 75 billion yuan. In the past decade, the industry grew significantly, with the sales revenue of class II vaccines, which were not covered by mandatory vaccination programs of the government, more than doubled since 2015. The market is expected to grow further, to an overall size exceeding 200 billion yuan in 2025.