Over the years, India has emerged as one of the leading manufacturers of vaccines worldwide, and supplies large quantities of basic and advanced vaccines across the globe. Currently, more than two thirds of the total volume of the vaccines manufactured is exported while the rest is utilised domestically. According to a new report by IMARC titled “Indian Vaccine Market Report and Forecast 2020-2025”, the Indian vaccine market reached a value of INR 94 Billion in 2019.
The strong growth of the market can be attributed to numerous favourable factors. One of the primary forces that is stimulating the market growth is the increasing investments in research and development (R&D) by government funding agencies like the Department of Biotechnology, the Indian Council of Medical Research, and the Ministry of Health and Family Welfare. The launch of the Universal Immunization Program (UIP) aimed at increased immunization coverage against vaccine preventable diseases in the country, has also significantly added to the market growth. Moreover, with advancement in technology, the vaccine production capacity along with cold chain storage facilities have also been improved. Besides this, the advent of a number of privately owned firms in India have positively transformed the industry. These firms have been making efforts to bring low cost solutions and are increasingly shifting their focus on innovation so as to increase their revenues. Owing to these factors, India has emerged as a global vaccine manufacturing hub.
The report has segmented the Indian vaccine market on the basis of vaccine type. In 2019, varicella accounted for the maximum share of the total monovalent vaccine market in India whereas oral polio accounted for the biggest share of the combined vaccine market in India.The report has also analysed the competitive landscape and provides the profiles of the key players operating in the market. In 2019, GlaxoSmithKline represented the largest player in the Indian vaccine market. Other major players included Sanofi Aventis, Pfizer, Novartis and Serum Institute of India.
This report provides a deep insight into the Indian vaccine industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, pricing analysis, etc. The report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the Indian vaccine industry in any form.
Key Vaccines Covered in the Report
BCG, HIB, Influenza, Varicella, Typhoid, Japanese Encephalitis, Measles, Tetanus Toxoid, Hepatitis A, Rubella, DPT, Polio, MMR, Rotavirus, Hepatitis B, Pneumococcal, Meningococcal, Rabies, HPV, Hexavalent and Dengue
Focus of the Analysis for Each Vaccine
- Vaccine Overview
- Historical and Current Market Trends
- Market Breakup by Prescriber
- Market Breakup by Public and Private Sector
- Market Outlook
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Indian Vaccine Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Market Breakup by Segment
5.5 Market Forecast
5.5.1 Volume Trends
5.5.2 Value Trends
6 Market Analysis of Various Monovalent and Combined Vaccines
6.1 BCG Vaccine Market
6.1.1 Vaccine Overview
6.1.2 Market Performance
6.1.3 Market Breakup by Prescriber
6.1.4 Market Breakup by Public and Private Sector
6.1.5 Market Forecast
6.2 HIB Vaccine Market
6.2.1 Vaccine Overview
6.2.2 Market Performance
6.2.3 Market Breakup by Prescriber
6.2.4 Market Breakup by Public and Private Sector
6.2.5 Market Forecast
6.3 Influenza Vaccine Market
6.3.1 Vaccine Overview
6.3.2 Market Performance
6.3.3 Market Breakup by Prescriber
6.3.4 Market Breakup by Public and Private Sector
6.3.5 Market Forecast
6.4 Varicella Vaccine Market
6.4.1 Vaccine Overview
6.4.2 Market Performance
6.4.3 Market Breakup by Prescriber
6.4.4 Market Breakup by Public and Private Sector
6.4.5 Market Forecast
6.5 Typhoid Vaccine Market
6.5.1 Vaccine Overview
6.5.2 Market Performance
6.5.3 Market Breakup by Prescriber
6.5.4 Market Breakup by Public and Private Sector
6.5.5 Market Forecast
6.6 Japanese Encephalitis Vaccine Market
6.6.1 Vaccine Overview
6.6.2 Market Performance
6.6.3 Market Breakup by Prescriber
6.6.4 Market Breakup by Public and Private Sector
6.6.5 Market Forecast
6.7 Measles Vaccine Market
6.7.1 Vaccine Overview
6.7.2 Market Performance
6.7.3 Market Breakup by Prescriber
6.7.4 Market Breakup by Public and Private Sector
6.7.5 Market Forecast
6.8 Tetanus Toxoid Vaccine Market
6.8.1 Vaccine Overview
6.8.2 Market Performance
6.8.3 Market Breakup by Prescriber
6.8.4 Market Breakup by Public and Private Sector
6.8.5 Market Forecast
6.9 Hepatitis A Vaccine Market
6.9.1 Vaccine Overview
6.9.2 Market Performance
6.9.3 Market Breakup by Prescriber
6.9.4 Market Breakup by Public and Private Sector
6.9.5 Market Forecast
6.10 Rubella Vaccine Market
6.10.1 Vaccine Overview
6.10.2 Market Performance
6.10.3 Market Breakup by Prescriber
6.10.4 Market Breakup by Public and Private Sector
6.10.5 Market Forecast
6.11 DPT (Diphtheria, Tetanus and Pertussis) Vaccine Market
6.11.1 Vaccine Overview
6.11.2 Market Performance
6.11.3 Market Breakup by Prescriber
6.11.4 Market Breakup by Public and Private Sector
6.11.5 Market Forecast
6.12 OPV (Oral Polio Vaccine) Vaccine Market
6.12.1 Vaccine Overview
6.12.2 Market Performance
6.12.3 Market Breakup by Prescriber
6.12.4 Market Breakup by Public and Private Sector
6.12.5 Market Forecast
6.13 MMR Vaccine Market
6.13.1 Vaccine Overview
6.13.2 Market Performance
6.13.3 Market Breakup by Prescriber
6.13.4 Market Breakup by Public and Private Sector
6.13.5 Market Forecast
6.14 Rotavirus Vaccine Market
6.14.1 Vaccine Overview
6.14.2 Market Performance
6.14.3 Market Breakup by Prescriber
6.14.4 Market Breakup by Public and Private Sector
6.14.5 Market Forecast
6.15 Hepatitis B Vaccine Market
6.15.1 Vaccine Overview
6.15.2 Market Performance
6.15.3 Market Breakup by Prescriber
6.15.4 Market Breakup by Public and Private Sector
6.15.5 Market Forecast
6.16 Pneumococcal Vaccine Market
6.16.1 Vaccine Overview
6.16.2 Market Performance
6.16.3 Market Breakup by Prescriber
6.16.4 Market Breakup by Public and Private Sector
6.16.5 Market Forecast
6.17 Meningococcal Vaccine Market
6.17.1 Vaccine Overview
6.17.2 Market Performance
6.17.3 Market Breakup by Prescriber
6.17.4 Market Breakup by Public and Private Sector
6.17.5 Market Forecast
6.18 Rabies Vaccine Market
6.18.1 Vaccine Overview
6.18.2 Market Performance
6.18.3 Market Breakup by Prescriber
6.18.4 Market Breakup by Public and Private Sector
6.18.5 Market Forecast
6.19 HPV Vaccine Market
6.19.1 Vaccine Overview
6.19.2 Market Performance
6.19.3 Market Breakup by Prescriber
6.19.4 Market Breakup by Public and Private Sector
6.19.5 Market Forecast
6.20 Hexavalent Vaccines
6.21 Dengue Vaccines
7 SWOT Analysis
7.1 Overview
7.2 Strengths
7.3 Weaknesses
7.4 Opportunities
7.5 Threats
8 Value Chain Analysis
8.1 Exploratory Stage
8.2 Preclinical and Clinical Development
8.3 Regulatory Approval
8.4 Manufacturing
8.5 Marketing and Distribution
9 Porter’s Five Forces Analysis
9.1 Overview
9.2 Bargaining Power of Supplier
9.3 Bargaining Power of Buyers
9.4 Degree of Competition
9.5 Threat of New Entrants
9.6 Threat of Substitutes
10 Competitive Landscape
10.1 Competitive Structure
10.2 Market by Key Players
11 Pricing Analysis
12 Regulatory Framework
13 Key Players Profiles
13.1 GlaxoSmithKline
13.2 Sanofi Aventis
13.3 Serum Institute of India
13.4 Panacea Biotec
13.5 Pfizer
13.6 Novartis
13.7 VHB Lifesciences
13.8 Zydus Cadila
13.9 MSD
List of Figures
Figure 1: Indian Vaccine Market: Vaccine Development and Introduction
Figure 2: Indian Vaccine Market: Major Drivers and Challenges
Figure 3: India: Vaccine Market: Doses Administered (in Million), 2014 - 2019
Figure 4: India: Vaccine Market: Sales Value (in INR Million), 2014 - 2019
Figure 5: India: Monovalent Vaccine Market: Value Breakup by Segment (in %), 2019
Figure 6: India: Combined Vaccine Market: Value Breakup by Segment (in %), 2019
Figure 7: India: Vaccine Market: Value Breakup by Age Group (in %), 2019
Figure 8: India: Vaccine Market Forecast: Doses Administered (in Million), 2020-2025
Figure 9: India: Vaccine Market: Sales Value Forecast (in INR Million), 2020-2025
Figure 10: India: BCG Vaccine Market: Doses Administered (in Million), 2014 - 2019
Figure 11: India: BCG Vaccine Market: Sales Value (in INR Million), 2014 - 2019
Figure 12: India: BCG Vaccine Market: Breakup by Prescriber (in %), 2019
Figure 13: India: BCG Vaccine Market: Breakup by Sector (in %), 2019
Figure 14: India: BCG Vaccine Market: Sales Value Forecast (in INR Million), 2020-2025
Figure 15: India: HIB Vaccine Market: Doses Administered (in Million), 2014 - 2019
Figure 16: India: HIB Vaccine Market: Sales Value (in INR Million), 2014 - 2019
Figure 17: India: HIB Vaccine Market: Breakup by Prescriber (in %), 2019
Figure 18: India: HIB Vaccine Market: Breakup by Sector (in %), 2019
Figure 19: India: HIB Vaccine Market: Sales Value Forecast (in INR Million), 2020-2025
Figure 20: India: Influenza Vaccine Market: Doses Administered (in Million), 2014 - 2019
Figure 21: India: Influenza Vaccine Market: Sales Value (in INR Million),
Figure 22: India: Influenza Vaccine Market: Breakup by Import and Domestic Manufacturing (in %), 2019
Figure 23: India: Influenza Vaccine Market: Breakup by Sector (in %), 2019
Figure 24: India: Influenza Vaccine Market: Sales Value Forecast (in INR Million), 2020-2025
Figure 25: India: Varicella Vaccine Market: Doses Administered (in Million), 2014 - 2019
Figure 26: India: Varicella Vaccine Market: Sales Value (in INR Million), 2014 - 2019
Figure 27: India: Varicella Vaccine Market: Breakup by Prescriber (in %), 2019
Figure 28: India: Varicella Vaccine Market: Breakup by Sector (in %), 2019
Figure 29: India: Varicella Vaccine Market: Sales Value Forecast (in INR Million), 2020-2025
Figure 30: India: Typhoid Vaccine Market: Doses Administered (in Million), 2014 - 2019
Figure 31: India: Typhoid Vaccine Market: Sales Value (in INR Million), 2014 - 2019
Figure 32: India: Typhoid Vaccine Market: Breakup by Prescriber (in %), 2019
Figure 33: India: Typhoid Vaccine Market: Breakup by Sector (in %), 2019
Figure 34: India: Typhoid Vaccine Market: Breakup by Type (in %), 2019
Figure 35: India: Typhoid Vaccine Market: Sales Value Forecast (in INR Million), 2020-2025
Figure 36: India: JE Vaccine Market: Doses Administered (in Million), 2014 - 2019
Figure 37: India: JE Vaccine Market: Sales Value (in INR Million), 2014 - 2019
Figure 38: India: JE Vaccine Market: Breakup by Prescriber (in %), 2019
Figure 39: India: JE Vaccine Market: Breakup by Sector (in %), 2019
Figure 40: India: JE Vaccine Market: Sales Value Forecast (in INR Million), 2020-2025
Figure 41: India: Measles Vaccine Market: Doses Administered (in Million), 2014 - 2016
Figure 42: India: Measles Vaccine Market: Sales Value (in INR Million), 2014 - 2016
Figure 43: India: Measles Vaccine Market: Breakup by Prescriber (in %), 2016
Figure 44: India: Measles Vaccine Market: Breakup by Sector (in %), 2016
Figure 45: India: Tetanus Toxoid Vaccine Market: Doses Administered (in Million), 2014-2019
Figure 46: India: Tetanus Toxoid Vaccine Market: Sales Value (in INR Million), 2014 - 2019
Figure 47: India: Tetanus Toxoid Vaccine Market: Breakup by Prescriber (in %), 2019
Figure 48: India: Tetanus Toxoid Vaccine Market: Breakup by Sector (in %), 2019
Figure 49: India: Hepatitis A Vaccine Market: Doses Administered (in Million), 2014 - 2019
Figure 50: India: Hepatitis A Vaccine Market: Sales Value (in INR Million), 2014 - 2019
Figure 51: India: Hepatitis A Vaccine Market: Breakup by Prescriber (in %), 2019
Figure 52: India: Hepatitis A Vaccine Market: Breakup by Sector (in %), 2019
Figure 53: India: Hepatitis A Vaccine Market: Sales Value Forecast (in INR Million), 2020-2025
Figure 54: India: Rubella Vaccine Market: Doses Administered (in Million), 2014 - 2016
Figure 55: India: Rubella Vaccine Market: Sales Value (in INR Million), 2014 - 2016
Figure 56: India: Rubella Vaccine Market: Breakup by Prescriber (in %), 2016
Figure 57: India: Rubella Vaccine Market: Breakup by Sector (in %), 2016
Figure 58: India: DPT Vaccine Market: Doses Administered (in Million), 2014 - 2019
Figure 59: India: DPT Vaccine Market: Sales Value (in INR Million), 2014 – 2019
Figure 60: India: DPT Vaccine Market: Breakup by Prescriber (in %), 2019
Figure 61: India: DPT Vaccine Market: Breakup by Sector (in %), 2019
Figure 62: India: DPT Vaccine Market: Sales Value Forecast (in INR Million), 2020-2025
Figure 63: India: OPV Vaccine Market: Doses Administered (in Million), 2014 - 2019
Figure 64: India: OPV Vaccine Market: Sales Value (in INR Million), 2014 - 2019
Figure 65: India: OPV Vaccine Market: Breakup by Prescriber (in %), 2019
Figure 66: India: OPV Vaccine Market: Breakup by Sector (in %), 2019
Figure 67: India: OPV Vaccine Market: Sales Value Forecast (in INR Million), 2020-2025
Figure 68: India: MMR Vaccine Market: Doses Administered (in Million), 2014 - 2019
Figure 69: India: MMR Vaccine Market: Sales Value (in INR Million), 2014 - 2019
Figure 70: India: MMR Vaccine Market: Breakup by Prescriber (in %), 2019
Figure 71: India: MMR Vaccine Market: Breakup by Sector (in %), 2019
Figure 72: India: MMR Vaccine Market: Sales Value Forecast (in INR Million), 2020-2025
Figure 73: India: Rotavirus Vaccine Market: Doses Administered (in Million), 2014 - 2019
Figure 74: India: Rotavirus Vaccine Market: Sales Value (in INR Million), 2014 - 2019
Figure 75: India: Rotavirus Vaccine Market: Breakup by Prescriber (in %), 2019
Figure 76: India: Rotavirus Vaccine Market: Breakup by Sector (in %), 2019
Figure 77: India: Rotavirus Vaccine Market: Sales Value Forecast (in INR Million), 2020-2025
Figure 78: India: Hepatitis B Vaccine Market: Doses Administered (in Million), 2014 – 2019
Figure 79: India: Hepatitis B Vaccine Market: Sales Value (in INR Million), 2014 - 2019
Figure 80: India: Hepatitis B Vaccine Market: Breakup by Prescriber (in %), 2019
Figure 81: India: Hepatitis B Vaccine Market: Breakup by Sector (in %), 2019
Figure 82: India: Hepatitis B Vaccine Market: Sales Value Forecast (in INR Million), 2020-2025
Figure 83: India: Pneumococcal Vaccine Market: Doses Administered (in Million), 2014 - 2019
Figure 84: India: Pneumococcal Vaccine Market: Sales Value (in INR Million), 2014 - 2019
Figure 85: India: Pneumococcal Vaccine Market: Breakup by Prescriber (in %), 2019
Figure 86: India: Pneumococcal Vaccine Market: Breakup by Sector (in %), 2019
Figure 87: India: Pneumococcal Vaccine Market: Sales Value Forecast (in INR Million), 2020-2025
Figure 88: India: Meningococcal Vaccine Market: Doses Administered (in '000), 2015 - 2019
Figure 89: India: Meningococcal Vaccine Market: Sales Value (in INR Million), 2015 - 2019
Figure 90: India: Meningococcal Vaccine Market: Breakup by Import and Domestic Manufacturing (in %), 2019
Figure 91: India: Meningococcal Vaccine Market: Breakup by Sector (in %), 2019
Figure 92: India: Meningococcal Vaccine Market: Sales Value Forecast (in INR Million), 2020-2025
Figure 93: India: Rabies Vaccine Market: Doses Administered (in Million), 2014 - 2019
Figure 94: India: Rabies Vaccine Market: Sales Value (in INR Million), 2014 - 2019
Figure 95: India: Rabies Vaccine Market: Breakup by Prescriber (in %), 2019
Figure 96: India: Rabies Vaccine Market: Breakup by Sector (in %), 2019
Figure 97: India: Rabies Vaccine Market: Sales Value Forecast (in INR Million), 2020-2025
Figure 98: India: HPV Vaccine Market: Doses Administered (in '000), 2014 - 2019
Figure 99: India: HPV Vaccine Market: Sales Value (in INR Million), 2014 - 2019
Figure 100: India: HPV Vaccine Market: Breakup by Prescriber (in %), 2019
Figure 101: India: HPV Vaccine Market: Breakup by Sector (in %), 2019
Figure 102: India: HPV Vaccine Market: Sales Value Forecast (in INR Million), 2020-2025
Figure 103: India: Hexavalent Vaccine Market: Doses Administered (in Million), 2017 - 2019
Figure 104: India: Hexavalent Vaccine Market: Sales Value (in INR Million), 2017 - 2019
Figure 105: India: Hexavalent Vaccine Market: Breakup by Import and Domestic Manufacturing (in %), 2019
Figure 106: India: Hexavalent Vaccine Market: Breakup by Sector (in %), 2019
Figure 107: India: Hexavalent Vaccine Market Forecast: Sales Value (in INR Million), 2020-2025
Figure 108: India: Dengue Vaccine Market: Sales Value Forecast (in INR Million), 2020-2025
Figure 109: India: Vaccine Market: SWOT Analysis
Figure 110: India: Vaccine Market: Value Chain
Figure 111: Indian Vaccine Market: Price Analysis
Figure 112: India: Vaccines Market: Standard Procedure of Introducing New Vaccine
List of Tables
Table 1: Indian Vaccine Market: Key Industry Highlights, 2019 and 2025
Table 2: India: BCG Vaccine: Overview
Table 3: India: HIB Vaccine: Overview
Table 4: India: Influenza Vaccine: Overview
Table 5: India: Varicella Vaccine: Overview
Table 6: India: Typhoid Vaccine: Overview
Table 7: India: JE Vaccine: Overview
Table 8: India: Measles Vaccine: Overview
Table 9: India: Tetanus Toxoid Vaccine: Overview
Table 10: India: Hepatitis A Vaccine: Overview
Table 11: India: Rubella Vaccine: Overview
Table 12: India: DPT Vaccine: Overview
Table 13: India: OPV Vaccine: Overview
Table 14: India: MMR Vaccine: Overview
Table 15: India: Rotavirus Vaccine: Overview
Table 16: India: Hepatitis B Vaccine: Overview
Table 17: India: Pneumococcal Vaccine: Overview
Table 18: India: Meningococcal Vaccine: Overview
Table 19: India: Rabies Vaccine: Overview
Table 20: India: HPV Vaccine: Overview
Table 21: India: Hexavalent Vaccine: Overview
Table 22: India: Vaccine Market: Key Components in Drug Delivery