The import of vaccines for human use to India is projected to grow steadily from 2024 to 2028, showing an average annual growth rate (CAGR) over the five-year forecast period. In 2023, the volume of vaccine imports was recorded at approximately 86.0 thousand kilograms. From 2024 onwards, the imports demonstrate a continuous upward trend, increasing each year with an approximate annual increment of 2-3%, highlighting a consistent demand for vaccines in the country.
Future trends to watch for:
- Shifts in government policy regarding domestic vaccine production versus imports.
- Potential changes in global vaccine supply chains that might affect import volumes.
- Emerging health challenges that could increase demand for certain types of vaccines.
- Technological advancements in vaccines that could alter import dynamics.
