Vaccines As A Product Of Industrial Biotechnologies And A Special Commodity In The International Biopharmaceuticals Market

Global biopharmaceutical market state is currently of particular importance not only as a primary economic characteristic and a condition for the successful healthcare organization in different countries, but also as a safety from possible pandemics guarantee. Various vaccines production plays a special role becoming one of the modern bioeconomy sectors. The bioeconomy, as an activity, is based on industrial biotechnologies and new knowledgebased approaches for the efficient bioproducts production derived from natural resources, and is focused on solving various environmental, as well as political and even social issues for sustainable development. The purpose of the article is to study the general trends in the production and turnover of vaccines on the biopharmaceutical market, taking into account the COVID-19 pandemic. Data on vaccination complications and manifestations of pharmaceutical companies' competition in the vaccine market with various consequences are presented. It is concluded that the effective functioning of the global vaccine market can be considered as an important element of sustainable development on the way to achieving the protection of citizens from dangerous diseases and ensuring social welfare due to the development of biotechnologies.Â