Key Market Indicators
Nicaragua's vaccination coverage for children aged one year is projected to reach 95% by 2028, up from 94% in 2023. This marks an average annual growth rate of 0.2 percentage points. However, since 2005, the vaccination rate has experienced a yearly decline of one percentage point. On the economic front, Nicaraguan vaccine imports are expected to decrease to $6.3 million by 2028, down from $7.3 million in 2023. This reflects an average annual decline of 2.6%. Since 1998, the country's demand for vaccines has fallen by 3% each year. In terms of historical data, Nicaragua achieved a vaccination coverage of 99% for children aged one year in both 2018 and 2019, showing no change year-over-year. This stability has been consistent since 1985. Despite these fluctuations in coverage and imports, vaccine supply in Nicaragua has seen a significant increase. Since 2000, the supply has surged by 356% annually.
