Market size of class II vaccines in China 2015-2020
The market for class II vaccines grew significantly in the past decade. The size of the market grew from around 20 billion yuan to almost 50 billion yuan in 2020. With the release volume of the vaccine expected to rise further, the market also demonstrated its potential. As class II vaccines are not covered by the government's free and mandatory vaccination programs, the sector is subject to more competition, while manufacturers generally have higher profit margins.
