The market trends in the serum and vaccine production industry are constantly evolving, influenced by various factors such as technological advancements, disease prevalence, and global health initiatives. Here are some key trends:

1. **Growth Projections**: The global vaccines market size was valued at USD 78.27 billion in 2023. It is projected to grow from USD 83.98 billion in 2024 to USD 139.17 billion by 2032, exhibiting a CAGR of 6.5% during the forecast period¹. Similarly, the U.S. vaccines market size was worth USD 34.37 billion in 2022 and is projected to grow at a CAGR of 8.2% during the forecast period².

2. **mRNA-Based Vaccines**: There is a shifting preference towards mRNA-based vaccines. These vaccines have various benefits, such as shorter manufacturing time and no risks of developing side effects when compared to other vaccines².

3. **COVID-19 Impact**: The COVID-19 pandemic had a significant impact on the vaccines market. All the manufacturing companies shifted their focus to developing vaccines to combat the pandemic. Furthermore, emergency authorizations of the COVID-19 vaccines and mass vaccination programs spiked the uptake of vaccines, thereby augmenting the growth of the vaccines market during the COVID-19 pandemic².

4. **Innovation Models**: Using data on R&D investments, regulatory approvals, manufacturing and purchase agreements, and vaccine deliveries, six distinct innovation models were identified that apply across the 14 COVID-19 vaccines with more international presence from 2020–2022⁵.

5. **Emerging Diseases**: The growing prevalence of endemic and infectious diseases is anticipated to propel the industry growth during the forecast period¹.

These trends indicate a promising future for the serum and vaccine production industry, with ample opportunities for growth and innovation.

Source: 
(1) Vaccines Market Size, Share, Trends & Industry Growth [2032]. https://www.fortunebusinessinsights.com/industry-reports/vaccines-market-101769.
(2) U.S. Vaccines Market Trends - Fortune Business Insights. https://www.fortunebusinessinsights.com/u-s-vaccines-market-109196.
(3) Which roads lead to access? A global landscape of six COVID-19 vaccine .... https://globalizationandhealth.biomedcentral.com/articles/10.1186/s12992-024-01017-z.
(4) Vaccine Development and Production Trends, COVID-19 and Other Vaccines .... https://www.researchandmarkets.com/reports/5018694/vaccine-development-and-production-trends-covid.
(5) The World Market for Vaccines, 2024 - Research and Markets. https://www.researchandmarkets.com/reports/5941486/the-world-market-vaccines.