October 19, 2021
According to the research report titled “India COVID-19 Vaccines Market-Growth, Demand, Trends, Opportunity, Forecasts (2021-2027)”, available with MarketStudyReport, India’s covid-19 vaccines market is anticipated to surpass USD 2.3 billion by the end of forecast period 2021-2027, with robust CAGR of more than 25% throughout.
India Covid-19 vaccines market is expected to be driven by a greater emphasis on immunization programs, approval/launch of new vaccines, and higher government funding for vaccine development. Besides, prevalence of infectious illnesses, and surge in R&D activities are enhancing the industry outlook.
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Experts cite that high costs and extended durations necessary for vaccine development and production are anticipated to hinder market growth. On the other hand, increase in healthcare spending will present new opportunities in coming years. Increased participation of government organizations with World Health Organization (WHO) will further increase the potential for vaccine generation and supply in India.
Apart from the growth drivers and restraints, the report offers an up-to-date analysis regarding the current market scenario, the latest trends, the number of persons being vaccinated, and doses administered of the COVID-19 vaccines in the Indian Market.
Moreover, the report also offers detailed information about the roles of different Indian ministries/departments in COVID-19 vaccine implementation and the COVID-19 vaccine intelligence network (Co-WIN). By compiling data on the aforementioned aspects, the document predicts market size, scope, and its behavior over the forecast period 2021 - 2027.