Key Market Indicators
**Australian Vaccination Coverage Expected to Hit 97% by 2028** Australia's vaccination coverage for children aged one year old is projected to climb to 97% by 2028, up from the current 96% in 2023. This represents an average annual growth of 0.2 percentage points. The country has seen a consistent year-on-year increase of 0.2 percentage points in vaccination coverage since 1985. **Vaccine Imports to Reach $336 Million by 2028** Australia's importation of vaccines is anticipated to reach approximately $336 million by 2028, rising from $323 million in 2023. This growth reflects an average annual increase of 0.5%. The demand for vaccines in Australia has been growing steadily at a rate of 1.6% per year since 1993. **Vaccine Exports to Maintain Steady Growth** In terms of vaccine exports, Australia is expected to see its figures reach around $109 million by 2028, up from $108 million in 2023. This translates to a stagnant year-on-year compound annual growth rate (CAGR). Since 1993, however, the country's vaccine supply has increased by 1.6% annually. **Global Vaccine Export Rankings** In the global ranking for vaccine exports in 2023, Australia held the 17th position, with China slightly ahead at $108 million. Belgium, the United Kingdom, and France occupied the second, third, and fourth spots, respectively.
