Key Market Indicators
Tobago's vaccination coverage for children aged one year is projected to reach 97% by 2028, up from 96% in 2023. This marks an average annual growth rate of 0.2 percentage points. However, the overall market has experienced a decline of 0.6 percentage points per year since 1985. In terms of vaccine imports, Tobago is expected to see a significant rise. The value of vaccine imports is forecasted to hit $5.4 million by 2028, up from approximately $4.8 million in 2023. This represents an average annual growth rate of 2%. Since 1996, the demand for vaccines in Tobago has increased by an average of 3.3% per year. Conversely, the supply side has faced challenges. Since 1996, Tobagonian vaccine supply has decreased by nearly 50% annually.
