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Global Biopharma Process Equipment Market hit USD 11.8 Billion in 2023, set to reach USD 33.2 Billion by 2031 at 13.9% CAGR. Driven by chronic diseases, biopharma demand & vaccine production.
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The experts highlight major challenges in vaccine production: current egg-based technologies take many months to produce at scale, development of new vaccines requires time-consuming efficacy trials, and many regulatory agencies lack capacity for rapid assessments.
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'The deal is consistent with a pledge by Science and Industry Minister..Andrews during the early stages of the crisis that the government would use its powers of procurement to underwrite the domestic manufacture of critical...