World Projected to Spend $157 Billionbr on COVID-19 Vaccines by 2025.br On Thursday, IQVIA Holdings Inc released a reportbr detailing global spending on COVID-19 vaccines. .br According to the U.S. health data company, the world isbr projected to spend a total of $157 billion by 2025. .br IQVIA says that number will be driven by massbr vaccination programs and booster shots. .br The first wave of COVID-19 vaccinationsbr is expected to reach 70 percent of the globe’sbr population by the end of 2022. .br Booster shots are likely to be neededbr every two years after initial vaccination. .br IQVIA expects global COVID-19 vaccine spendingbr to reach its highest in 2021 at a total of $54 billion. .br 2025 will see spending at its lowest, $11 billion,br due to increased vaccine volume and competition. .br Excluding COVID-19 vaccine costs, IQVIAbr forecasts overall medicine spending costsbr between 2020 and 2025 to be $68 billion lowerbr than it would’ve been if not for the pandemic. .br This is due to pandemic-caused disruptionsbr to doctor visits, procedures and medicine use.