As per the new research report by RNCOS, “Global Vaccine Market Forecast to 2017”, Japan represents the largest vaccine market in Asia. With innovative vaccines being considered as an effective source for mitigating infectious diseases amongst its ageing population, the market is moving towards a vigorous growth phase. Moreover, the government is encouraging players to launch new vaccines to boost its pediatric immunization programs. Owing to these factors, the Japanese vaccine market is anticipated to grow at a high CAGR of around 25.7% during 2012-2017.