Key Market Indicators
**Japanese Vaccination Coverage Achieves Stability at 99 Percent** Japan's vaccination coverage for children aged one year old is projected to remain at a stable 99 percent by 2028, mirroring the current rate in 2023. This steadiness has been noted since 2005, with a slight annual increase of 0.2 percentage points. In a separate category, vaccination coverage for a different set of children aged one year old is also expected to maintain a stable rate of 98 percent through 2028, the same as in 2023. This rate has shown no significant change since 1987. **Vaccine Export and Import Trends** Japan's vaccine exports are forecasted to reach approximately $63 million by 2028, up from around $52 million in 2023. This indicates a healthy growth rate of 2.8 percent annually. Historical data since 1993 shows a significant increase in supply, with an average annual growth of 24.8 percent. In 2023, Japan ranked 22nd in vaccine exports, with Russia slightly ahead at the same level. Belgium, the United Kingdom, and France occupied the top three positions, respectively. On the import front, Japan is expected to see a slight decrease in vaccine imports, reaching about $401 million by 2028, down from roughly $400 million in 2023. This represents a modest annual decline of 0.1 percent. Since 1993, Japanese demand for imported vaccines has seen a yearly decrease of 3.9 percent.
