Dr. Priyabrata Pattnaik discusses the growing global vaccines market, noting vaccines are the most cost-effective healthcare intervention. While each vaccine process is unique, there is scope for innovation. The worldwide vaccines market is growing at 8% annually, with unmet demand in developing countries. Emerging markets are evolving faster, prompting vaccine manufacturers to expand their capabilities to address these new markets. Growth in emerging countries can occur through building local production capacity that meets global quality standards, but vaccine manufacturing remains a complex, capital-intensive process that requires high GMP compliance. Assessing and managing risks while balancing innovation, speed and quality is key.