India coronavirus vaccine market is anticipated to witness double-digit CAGR in the forecast period, FY2023-FY2027. The growth in the market can be attributed to increased demand for preventive drugs and other related products; thereby supporting the growth of the India coronavirus vaccine market in the next five years. In the end of year 2019, the outbreak of COVID-19 was observed first in Wuhan City, China. The infection later spread rapidly in other Asian countries and by March 2020, World Health Organization (WHO) declared it a global pandemic. The world observed a complete lockdown that affected end user industries including healthcare. Healthcare facilities struggled with the administration of patients and their cure while the market for almost all other products and services were shutdown. Death toll that the pandemic caused and the number of complications the virus caused in other patients gave a warning toward the severity of the concerns, driving the growth of India coronavirus vaccine market. Moreover, governmental aid toward the vaccination, availability of the vaccines systematically to all the age groups are driving the market growth.
India is currently in the overdrive process of providing vaccination against COVID-19 through fast track development process. Although, more research is being conducted in order to confirm the cure of a particular virus and fight against coronavirus. Coronavirus vaccines safely deliver immunogen that is antigen specific which triggers human immune-response system Human immune-response system generates antibodies against the antigen and the B-cells are later stored as T-cells thereby creating a memory response for the viral pathogen. In case of any future infection by COVID-19 virulent, the immune system of the body responses based on the memory cell responses and fights off disease. Furthermore, research is being conducted to provide cost-effective vaccine with higher efficiency that can create most effective T-cells that will completely fight off the virus attack.
Some of the top players in the India coronavirus vaccine market include Serum Institute of India Pvt. Ltd., Bharat Biotech International Ltd., Zydus Cadila Ltd., Pfizer India Ltd., Panacea Biotec Ltd., Indian Immunologicals Ltd., Mynvax Pvt. Ltd., Biological E Ltd., Hetero Biopharma Ltd., Dr Reddy’s Laboratories Ltd., among others. The companies are involving themselves into research and development for the methods of better quality, and various quality analysis tests to provide the better products.
2. 2
Scope of Report
Product of Interest (POI): Coronavirus Vaccine
A COVID-19 vaccine is a vaccine intended to provide acquired immunity
against severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), the
virus that causes coronavirus disease 2019 (COVID-19). The COVID-19
vaccines are widely celebrated for their role in reducing the spread, severity,
and death caused by COVID-19.
Market Segmentation
REGION
• South
• West
• East
• North
TYPE
• mRNA Based
• Non-Replicating Viral Vector Based
• Inactivated Vaccine
END USER
• Hospitals
• Clinics
• Research Institutes
• Others
Review Period
FY2017 – FY2020
Base Year
FY2021
Estimated Year
FY2022
Forecast Period
FY2023 – FY2027
Year Range
4. 4
4
S No. Contents Page No.
7. India mRNA Based Coronavirus Vaccine Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By End User
8. India Non- Replicating Viral Vector Based Coronavirus Vaccine Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By End User
9. India Inactivated Coronavirus Vaccine Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By End User
Table of Contents
12. 12
Industry Brief
Need for protection against the Coronaviridae virus and its strains is driving the growth of India coronavirus vaccine market, in the forecast period, FY2017-FY2027.
According to TechSci report on, “India Coronavirus vaccine Market By Infection Type (SARS-CoV, MERS-CoV, SARS-CoV-2) By Vaccine Type (Virus vaccine, Viral vector
vaccine, Nucleic acid vaccines, Protein based vaccine, Others) By Product Type (Monovalent Vaccine v/s Multivariant Vaccine) By Route of Administration (Oral, Intramuscular,
Intranasal) By Patient Type (Pediatric v/s Adult) By End User (Hospitals, Clinics, Research Institutes, Others) By Region, Competition Forecast & Opportunities, FY2027”, India
coronavirus vaccine market has shown promising growth in historical years until FY2020 and is expected to continue its growth in upcoming forecast years from FY2022 to
FY2027. Governmental aids to enhance the research and development of the prevention drugs and finding the solution to the fastest growing pandemic is driving the growth of
the India coronavirus vaccine market. Key players are actively involved in enhancing the quality of the drugs as well as the easier distribution of the vaccine all over the country.
The private investments are also boosting the growth of the India coronavirus vaccine market in the upcoming five years. Moreover, inorganics developments like collaborations
among the players, agreements with the distributors for the effective supply of the drugs to the end users, are major growth factors behind the impressive CAGR of India
coronavirus vaccine market.
Wuhan City, China was the firstly discovered geography where the COVID-19 virus outbreak was addressed. Within next 3 months, world health organization (WHO) confirmed
the outbreak to be a pandemic and death threat to the human population. This catastrophic pandemic has already claimed millions of lives and although the precaution measures
are widely accepted, the number of cases has not yet died. With the spur of variant strains of the virus, a new wave of infection is still suspected. This would support the market
growth since the death threat is concerning. Also, increasing healthcare expenditures is going to support the market growth, actively.
India coronavirus vaccine Market is segmented by infection type, vaccine type, product type, route of administration, patient type, end user, regional distribution, and
competitional landscape. Based on infection type the market is categorized into SARS-CoV, MERS-CoV, and SARS-CoV-2. Infections caused by SARS-CoV-2 is considered
most lethal and easily transmitted, thus can be reasoned for maximum market share because it is causing pandemic all over the world including India at a rapid pace. The
transmission is as simple as basic contact, droplet, airborne, fomite, faecal-oral, bloodborne, mother-to-child, and animal-to-human transmission. SARS-CoV is a less lethal but a
similar strain of the coronavirus, whereas MERS-CoV is specific to Middle East countries and is contagious and sometimes fatal.
Based on product type, the market is categorized into monovalent vaccine, and multivariant vaccine. Monovalent vaccines are specific antigen targeting vaccines. Whereas
multivariant vaccines target multiple antigens or here, multiple strains of the same virus making it preferable. Even in the current year 2021, country still faces the threat from the
evolving strains of the virus causing concerns toward the threatening pandemic that may reinstate the complete lockdown situation. Based on these facts, multivariant vaccines
are anticipated to dominate the market in the forecast period.
Based on route of administrations the market is further segmented into oral, intramuscular, and intranasal. Intramuscular administration through injecting the vaccines in two
stages is prevalent in the country. Therefore, intramuscular route of administration is anticipated to dominate the future market. Oral administrations may have the largest share
owing to the availability of the vaccine for infants and children. Intramuscular and intranasal administration is often painful and may cause physical irritation effects whereas oral
vaccines are completely painless and has ease of administration.
Some of the top players in the India coronavirus vaccine market are, Serum Institute of India Pvt. Ltd., Bharat Biotech International Ltd., Zydus Cadila Ltd., Pfizer India Ltd.,
Panacea Biotec Ltd., Indian Immunologicals Ltd., Mynvax Pvt. Ltd., Biological E Ltd., Hetero Biopharma Ltd., Dr Reddy’s Laboratories Ltd., among others. The companies are
involving themselves into research and development for the methods of better quality, and various quality analysis tests to provide the better products.
“India coronavirus vaccination system is following a systematic approach to administer the vaccines to all the population. Elderly, children and patient population was
administered early looking at the chances of infection to be more in them. By the end of FY2021, system allowed all the population to complete their vaccination process.
Although the number of cases has decreased significantly, the country is also struggling with new strain spread. general awareness and concerns among the population will
increase vaccination process. Moreover, west India is a promising region for the market looking at the still increasing cases of corona patients in states like Maharashtra,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
13. 13
Sample Data - Snapshot
India Coronavirus Vaccine Market Size, By Value (USD Million) & By Volume (Units), FY2017-FY2027F
5.00
6.00
7.00
8.00
9.00
10.00
11.00
12.00
13.00
14.00
15.00
10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00
FY2017 FY2021 FY2022E FY2027F
By Value (USD Million)
By Volume (Units)
CAGR BY VALUE: XX%
CAGR BY VOLUME: XX%
CAGR BY VALUE: XX%
CAGR BY VOLUME: XX%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
34%
34%
34%
34%
34%
34%
34%
34%
34%
34%
34%
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022E
FY2023F
FY2024F
FY2025F
FY2026F
FY2027F
mRNA Based Non-Replicating Viral Vector Based Inactivated Vaccine
India Coronavirus Vaccine Market Share, By Type, By Value, FY2017-FY2027F
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022E
FY2023F
FY2024F
FY2025F
FY2026F
FY2027F
Hospitals Clinics Research Institutes Others
India mRNA Based Coronavirus Vaccine Market Share, By End User, By Value, FY2017-FY2027F
14. 14
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Report Name: INDIA CORONAVIRUS VACCINE MARKET
FORECAST & OPPORTUNITIES
FY2017 – FY2027
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company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it
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for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the
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