The import of vaccines for human use in India shows a steady increase from 2024 to 2028. In 2023, the imports stood at approximately USD 376 million, indicating a consistent upward trend. The forecasted values represent a year-on-year growth of around 3% on average. The Compound Annual Growth Rate (CAGR) over the next five years is estimated to be about 2.95%, signifying a stable, moderate growth trajectory.
Future trends to watch for:
- Potential impact of local vaccine production capabilities on import dependence.
- Government policies and international trade agreements affecting vaccine importation.
- Evolution of vaccine demand due to emerging public health needs and vaccination coverage goals.
- Technological advancements in vaccine delivery mechanisms and storage solutions, influencing import volumes.
