Business
Infobird Co., Ltd Provides Digital and Intelligent Customer Engagement Solution to Enhance Patient Vaccination Notification Services for a Top-10 Global Pharmaceutical Company's Subsidiary
BEIJING, June 29, 2022 /PRNewswire/ -- Infobird Co., Ltd (NASDAQ: IFBD) ("Infobird" or the "Company"), a leading provider of AI-powered customer engagement
About this update from Infobird Co., Ltd
[{"type":"text","content":"BEIJING, June 29, 2022 /PRNewswire/ -- Infobird Co., Ltd (NASDAQ: IFBD) (\"Infobird\" or the \"Company\"), a leading provider of AI-powered customer engagement solutions in China, today announced that it has started to provide services to a leading global pharmaceutical and vaccine manufacturer's subsidiary with operations in China. Under this cooperation, Infobird will leverage its AI Chatbots and experience in the healthcare industry to provide dedicated support for the client's digital and intelligent customer engagement initiative designed to support the client's patient notification process for vaccines including COVID-19, HPV and various childhood vaccines.\nAs one of the world's leading professional human vaccine development and production companies, this manufacturer has always been committed to producing high quality and safe vaccines so that more children and families are protected by immunization. Infobird's AI Chatbot SaaS product can empower the vaccine manufacturer to provide customers with professional, attentive and convenient vaccination notification services, and therefore comprehensively improve the number of vaccinations and promote the development of preventive immunization. This cooperation is an important step for Infobird to, for the first time, formally provide its AI chatbot to a client to improve patient vaccination notification.\nAccording to Vernoster Sullivan, the global vaccine market size increased from USD 27.5 billion in 2016 to USD 36.5 billion in 2020, accounting for 2.8% of the total global pharmaceutical market, with a CAGR of 7.3%. With increasing vaccine awareness among the population in low- and middle-income countries and rising vaccine penetration, the global vaccine market is expected to reach USD 80.9 billion and USD 136.7 billion by 2025 and 2031, with a CAGR of 17.3% and 9.1%.\nIn recent years, the share of vaccine products in China's pharmaceutical market has been on the rise. Driven by favorable government policies, technological innovation in vaccines and increased awareness of vaccination, the China vaccine market has increased from RMB27.1 billion in 2016 to RMB75.3 billion in 2020, at a CAGR of 29.10%, and is expected to reach RMB383.5 million in 2031. The market is expected to reach RMB 383.5 million by 2031, growing at a CAGR of 15.95% from 2020 to 2031. China has now become...