"The groundwork of all happiness is health." - Leigh Hunt

Demand for COVID vaccines is stable, but analysts will not be convinced

October 2, 2023 – An estimated 1.8 million people within the United States received a COVID-19 vaccine within the week ending September 22, in keeping with Reuters news agency. This rate is comparable to vaccine uptake at an identical point throughout the COVID vaccination campaign last fall.

There were widespread distribution issues that resulted in schedule delays Thousands of erroneous denials of insurance coverage because the CDC beneficial vaccinations starting September twelfth. Around 1 million people received a Pfizer/BioNTech COVID-19 shot within the week ending September 22, and nearly 800,000 people received the Moderna version of the vaccine within the week ending September 22, Reuters reportedciting data from health data and analytics company IQVIA Holdings Inc.

Federal officials said late last week 2 million people within the U.S. had already received the vaccinations, even though it was not clear when the cutoff date for that count was. Public health officials said on the time that 6 million vaccinations had been sent to pharmacies.

Last season, about 56.5 million people, or 17% of the U.S. population, received a booster shot. CDC Show data.

Vaccine makers Pfizer and Moderna said demand could possibly be lower. Pfizer warned it could cut jobs depending on how many individuals select the updated vaccine, and Moderna estimated the necessity at about 50 million doses, Reuters reported.

“Does this indicate that 50 million doses of COVID vaccines are being administered annually in the United States? I doubt that,” wrote Umer Raffat, MS, an analyst at Evercore ISI, in a research note on the IQVIA data, Reuters reported. “Conversely, it also means that this market is not quite finished yet.”

The latest booster is beneficial for everybody aged 6 months and over.

Nationwide the speed is positive According to the CDC, COVID testing reported to the CDC recently decreased by a percentage point, with the positive test rate at 12% for the week of September 17-23. Nearly 2% of all emergency department visits this week were resulting from COVID, and the hospitalization rate fell 3% as 19,079 people were newly admitted.

Nationwide, 1.1 million people have died and 6.4 million people have been hospitalized due to COVID-19 because the pandemic began in 2020.