China vaccines industry valued at around $2.3 billion in 2009

As one of the world's largest vaccine producers, China not only has many vaccine companies, various vaccine categories and a large quantity, but also the country’s human and animal vaccine enterprises are in general separated, according to a new report from ResearchInChina.

At the end of 2009, there were around 38 human vaccine manufacturers and 54 animal vaccine producers that had passed CMP certification in China. With the development of the national economy and people’s growing awareness of precautionary measures, the scale of the Chinese vaccine market has increased continuously, with a CAGR of 21.5% during 2007-2009. In addition, China’s vaccine market reached a value of 15.2 billion renminbi ($2.27 billion) in 2009, of which around 9 billion renminbi was human vaccines and 6.2 billion renminbi or so of animal vaccines.

Sector involves high risk, investment and profit