World Projected to Spend $157 Billion<br />on COVID-19 Vaccines by 2025.<br />On Thursday, IQVIA Holdings Inc released a report<br />detailing global spending on COVID-19 vaccines. .<br />According to the U.S. health data company, the world is<br />projected to spend a total of $157 billion by 2025. .<br />IQVIA says that number will be driven by mass<br />vaccination programs and booster shots. .<br />The first wave of COVID-19 vaccinations<br />is expected to reach 70 percent of the globe’s<br />population by the end of 2022. .<br />Booster shots are likely to be needed<br />every two years after initial vaccination. .<br />IQVIA expects global COVID-19 vaccine spending<br />to reach its highest in 2021 at a total of $54 billion. .<br />2025 will see spending at its lowest, $11 billion,<br />due to increased vaccine volume and competition. .<br />Excluding COVID-19 vaccine costs, IQVIA<br />forecasts overall medicine spending costs<br />between 2020 and 2025 to be $68 billion lower<br />than it would’ve been if not for the pandemic. .<br />This is due to pandemic-caused disruptions<br />to doctor visits, procedures and medicine use.
