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Report Overview
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.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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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.
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Increased government immunization programs and the rising strategic collaborations between the government and private sector are major trends propelling the market growth.
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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.
India Vaccine Market Analysis by Region
Depending on factors such as healthcare infrastructure, population density, and economic development, different regions in India reveal varied market growth patterns. The Northern part, including regions like Delhi, Uttar Pradesh, and Punjab, represents a substantial market share driven by the high population density, increased focus on improving healthcare facilities, and rising immunization programs. The Southern states of India also hold a high market value which can be attributed to the better literacy rates and the rapid expansion of private hospitals and clinics, influencing the uptake of vaccines.
India Vaccine Market Report Snapshots
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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