{"id":9765,"date":"2021-04-29T11:22:04","date_gmt":"2021-04-29T11:22:04","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=9765"},"modified":"2021-04-29T11:22:04","modified_gmt":"2021-04-29T11:22:04","slug":"world-to-spend-157bn-on-coronavirus-vaccines-till-2025-report","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2021\/04\/29\/world-to-spend-157bn-on-coronavirus-vaccines-till-2025-report\/","title":{"rendered":"World to spend $157bn on coronavirus vaccines till 2025: report"},"content":{"rendered":"<div class=\"content-area\" data-io-article-url=\"https:\/\/www.geo.tv\/latest\/347906-world-to-spend-157bn-on-coronavirus-vaccines-till-2025-report\">\n<p class=\"\">Driven by mass vaccination programs underway and &#8220;booster shots&#8221; expected every two years, total global spending on COVID-19 vaccines is projected to reach $157 billion by 2025.<\/p>\n<p class=\"\">This was said by the US health data company IQVIA Holdings Inc in a report released on Thursday.<\/p>\n<p>IQVIA, which provides data and analytics for the healthcare industry, said it expects the first wave of COVID-19 vaccinations to reach about 70% of the world&#8217;s population by the end of 2022. Booster shots are likely to follow initial vaccinations every two years, the report said, based on current data on the duration of effect of the vaccines.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-9770\" src=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/04\/World-to-spend-157bn-on-coronavirus-vaccines-till-2025-report-rapidnews.jpg\" alt=\"World-to-spend-$157bn-on-coronavirus-vaccines-till-2025-report-rapidnews\" width=\"2400\" height=\"1350\" srcset=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/04\/World-to-spend-157bn-on-coronavirus-vaccines-till-2025-report-rapidnews.jpg 2400w, https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/04\/World-to-spend-157bn-on-coronavirus-vaccines-till-2025-report-rapidnews-300x169.jpg 300w, https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/04\/World-to-spend-157bn-on-coronavirus-vaccines-till-2025-report-rapidnews-1024x576.jpg 1024w, https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/04\/World-to-spend-157bn-on-coronavirus-vaccines-till-2025-report-rapidnews-768x432.jpg 768w, https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/04\/World-to-spend-157bn-on-coronavirus-vaccines-till-2025-report-rapidnews-1536x864.jpg 1536w, https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/04\/World-to-spend-157bn-on-coronavirus-vaccines-till-2025-report-rapidnews-2048x1152.jpg 2048w\" sizes=\"auto, (max-width: 2400px) 100vw, 2400px\" \/><\/p>\n<p>The United States is preparing for the possibility that a booster shot will be needed between nine to 12 months after people receive their first full inoculations against COVID-19, a White House official said earlier this month. Pfizer Inc has also said boosters may be needed within 12 months.<\/p>\n<p>Vaccine spending is expected to be highest this year at $54 billion with massive vaccination campaigns underway around the world. It is expected to decrease after that eventually to $11 billion in 2025, as increased competition and vaccine volumes drive down prices, said Murray Aitken, a senior vice president at IQVIA.<\/p>\n<p>The forecast for such meteoric growth in sales for a new class of drugs or vaccines is unmatched, but reminiscent of the $130 billion spent on the new hepatitis C cures between 2014 to 2020 due to pent-up demand, Aitken said in an interview.<\/p>\n<p>The spending forecast for COVID-19 vaccines represents 2% of the roughly $7 trillion forecasts for all prescription medicines during that time period, IQVIA said.<\/p>\n<p>Excluding the cost of COVID-19 vaccines, overall medicine spending is forecast to be $68 billion lower over the six years from 2020 to 2025 than it would have been without the pandemic, according to the report.<\/p>\n<p>The pandemic caused major disruptions to doctor visits, procedures, and medicine use, leading to some stockpiling in the early days for some medications and then a return to a more normal trend, the report said.<\/p>\n<p>&#8220;While COVID-19 vaccines will cost $157 billion over the next five years,&#8221; Aitken said, &#8220;that is a very small price to pay relative to the human cost of the pandemic.&#8221;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Driven by mass vaccination programs underway and &#8220;booster shots&#8221; expected every two years, total global<\/p>\n","protected":false},"author":1,"featured_media":9769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-9765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>World to spend $157bn on coronavirus vaccines till 2025: 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href=\"https:\/\/dailyrapidnews.com\/eng\/category\/business\/\" rel=\"category tag\">Business<\/a>","tag_info":"Business","comment_count":"0","jetpack-related-posts":[{"id":18833,"url":"https:\/\/dailyrapidnews.com\/eng\/2022\/06\/15\/booster-shot\/","url_meta":{"origin":9765,"position":0},"title":"When to get next booster shot as Covid is reappearing","date":"June 15, 2022","format":false,"excerpt":"A new wave of coronavirus infections has increased hospital admissions, raising concerns about waning immunity since the last round of booster vaccines. Experts are predicting a new wave of coronavirus infections, raising concerns about waning immunity since the last round of boosters. So far, only people over the age of\u2026","rel":"","context":"In &quot;Health&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7206,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/03\/23\/krispy-kreme-is-making-vaccinations-extra-sweet-with-a-free-doughnut-a-day-for-the-rest-of-the-year\/","url_meta":{"origin":9765,"position":1},"title":"Krispy Kreme is making vaccinations extra sweet with a free doughnut a day for the rest of the year","date":"March 23, 2021","format":false,"excerpt":"Krispy Kreme\u00a0has come up with a way to make getting the\u00a0Covid-19 vaccine\u00a0extra sweet. Starting Monday until the end of the year, if you take your vaccination card to any Krispy Kreme location in the US, you can get a\u00a0free glazed doughnut each day, the company said in a news release.\u2026","rel":"","context":"Similar post","img":{"alt_text":"Krispy-Kreme-is-making-vaccinations-extra-sweet-with-a-free-doughnut-a-day-for-the-rest-of-the-year-rapidnews-dailyrapid","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/03\/Krispy-Kreme-is-making-vaccinations-extra-sweet-with-a-free-doughnut-a-day-for-the-rest-of-the-year-rapidnews-dailyrapid-e1616500839495.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":11307,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/05\/27\/more-deaths-related-to-vaccination-with-pfizer-than-astrazenecaa\/","url_meta":{"origin":9765,"position":2},"title":"More deaths related to vaccination with Pfizer than AstraZeneca","date":"May 27, 2021","format":false,"excerpt":"Mortality\u00a0rate after the use of the Pfizer coronavirus vaccine in six European countries is significantly higher than after the AstraZeneca vaccine, the company's report, obtained by Sputnik on Wednesday, showed. The Moscow office of the vaccine manufacturer confirmed to Sputnik the authenticity of the document. \"AstraZeneca confirms that it authored\u2026","rel":"","context":"In &quot;Health&quot;","img":{"alt_text":"covid_vaccine_More-deaths-related-to-vaccination-with-Pfizer-than-AstraZeneca-rapidnews","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/05\/covid_vaccine_More-deaths-related-to-vaccination-with-Pfizer-than-AstraZeneca-rapidnews.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":10000,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/05\/01\/over-1-11b-vaccine-shots-given-worldwide-covid-19\/","url_meta":{"origin":9765,"position":3},"title":"Over 1.11B vaccine shots given worldwide: COVID-19","date":"May 1, 2021","format":false,"excerpt":"Over 1.11 billion doses of COVID-19 vaccines had been administered around the world by the start of May, according to figures from the online resource Our World in Data. With 253.46 million jabs China is the country where the greatest number of vaccine shots have been given to date. It\u2026","rel":"","context":"In &quot;Health&quot;","img":{"alt_text":"over-1-11b-vaccine-shots-given-worldwide-covid-19-1Over-111B-vaccine-shots-given-worldwide-COVID-19-rapidnews","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/05\/over-1-11b-vaccine-shots-given-worldwide-covid-19-1Over-111B-vaccine-shots-given-worldwide-COVID-19-rapidnews.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":8295,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/04\/06\/pakistan-administers-1-million-coronavirus-vaccines-asad-umar\/","url_meta":{"origin":9765,"position":4},"title":"Pakistan administers 1 million coronavirus vaccines: Asad Umar","date":"April 6, 2021","format":false,"excerpt":"Pakistan has administered\u00a0coronavirus\u00a0vaccines to more than 1 million people so far, Federal Planning and Development Minister Asad Umar confirmed on Twitter Tuesday. \"More than 76,000 vaccinations were carried out yesterday. Total number of people registered so far is now over two million. 600,000 health care workers and more than 1.4\u2026","rel":"","context":"In &quot;Pakistan&quot;","img":{"alt_text":"Pakistan-administers-1-million-coronavirus-vaccines-Asad-Umar-rapidnews","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/04\/Pakistan-administers-1-million-coronavirus-vaccines-Asad-Umar-rapidnews.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":10898,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/05\/21\/covid-19-infection-gives-immunity-for-at-least-eight-months-danish-study\/","url_meta":{"origin":9765,"position":5},"title":"COVID-19 infection gives immunity for at least eight months: Danish study","date":"May 21, 2021","format":false,"excerpt":"While providing estimates of\u00a0natural\u00a0immunity, Danish researchers are still hesitant about vaccine-induced resistance, with questions over the necessity of re-vaccination remaining. An analysis of data concerning COVID-19 immunity carried out by the Danish Health Authority has concluded that those who have been infected are unlikely catch it again for at least\u2026","rel":"","context":"In &quot;Health&quot;","img":{"alt_text":"COVID-19-infection-gives-immunity-for-at-least-eight-months-Danish-study-rapidnews","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/05\/corona-virus-COVID-19-infection-gives-immunity-for-at-least-eight-months-Danish-study-rapidnews-e1621592747307.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/9765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/comments?post=9765"}],"version-history":[{"count":1,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/9765\/revisions"}],"predecessor-version":[{"id":9771,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/9765\/revisions\/9771"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media\/9769"}],"wp:attachment":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media?parent=9765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/categories?post=9765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/tags?post=9765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}