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The India vaccine market was valued at INR 118.76 Billion in 2024, driven by the high burden of infectious diseases, rising strategic collaborations, and increased focus on local vaccine production capabilities in the country. The market is expected to grow at a CAGR of 8.80% during the forecast period of 2025-2034, with the values likely to reach INR 276.03 Billion by 2034.
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In India, the rising burden of infectious diseases and the growing awareness about vaccination and its benefits are anticipated to drive market demand in the forecast period.
Increased government immunization programs and the rising strategic collaborations between the government and private sector are major trends propelling the market growth.
The market share is influenced by the advancements in vaccine technology, such as the introduction of mRNA vaccines and conjugate vaccines, and the rising focus on local vaccine production capabilities.
The key features of the market report comprise patent analysis, clinical trial analysis, and strategic initiatives by the leading key players. The major companies in the market are as follows:
GlaxoSmithKline Plc
British multinational pharmaceutical and biotechnology company GlaxoSmithKline Plc has a prominent presence in the vaccine market in India. Besides its robust portfolio of vaccines, the global healthcare company is also actively engaged in spreading awareness about vaccination in the country.
Sanofi
Sanofi, a French multinational pharmaceutical and healthcare company, is one of the leading players in the market. It offers high-quality vaccines such as Adacel® (Tetanus Toxoid, Reduced Diphtheria Toxoid and Acellular Pertussis Vaccine Adsorbed) and Shanchol™ Cholera Vaccine (Inactivated, Oral) I.P.
Pfizer, Inc.
Pharmaceutical giant Pfizer, Inc. is known for its strong market reach and strategic partnerships for vaccine distribution. It is widely known for its Pfizer-BioNTech COVID-19 Vaccine (BNT162b2) developed in partnership with BioNTech.
Merck & Co. Inc.
Merck & Co. Inc. specializes in the development of vaccines for both infectious diseases and chronic conditions. In June 2024, its Capvaxive vaccine was approved by the FDA to prevent the bacterial infections that cause pneumonia and meningitis in adults.
Other key players in the market include Serum Institute of India Pvt. Ltd., Bharat Biotech International Ltd, Panacea Biotec, Cadila Pharmaceuticals Ltd., Human Biological Institute, and Haffkine Bio-Pharmaceutical Corporation Ltd.
India Vaccine Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124