India Influenza Vaccine Market Size & Outlook, 2023-2030

The influenza vaccine market in India is expected to reach a projected revenue of US$ 477.8 million by 2030. A compound annual growth rate of 10.1% is expected of India influenza vaccine market from 2024 to 2030.
Revenue, 2023 (US$M)
$243.9
Forecast, 2030 (US$M)
$477.8
CAGR, 2024 - 2030
10.1%
Report Coverage
India

India influenza vaccine market highlights

  • The India influenza vaccine market generated a revenue of USD 243.9 million in 2023 and is expected to reach USD 477.8 million by 2030.
  • The India market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
  • In terms of segment, inactivated was the largest revenue generating vaccine type in 2023.
  • Inactivated is the most lucrative vaccine type segment registering the fastest growth during the forecast period.


Influenza vaccine market data book summary

Market revenue in 2023USD 243.9 million
Market revenue in 2030USD 477.8 million
Growth rate10.1% (CAGR from 2023 to 2030)
Largest segmentInactivated
Fastest growing segmentInactivated
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationInactivated, Live Attenuated
Key market players worldwideGSK PLC, Pfizer Inc, Merck & Co Inc, Viatris Inc, AstraZeneca PLC, Sinovac Biotech Ltd, CSL Ltd, Emergent BioSolutions Inc, Vaxess Technologies, Osivax, Emergex Vaccines


Other key industry trends

  • In terms of revenue, India accounted for 3.1% of the global influenza vaccine market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China influenza vaccine market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 477.8 million by 2030.

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Influenza Vaccine Market Companies

Name Profile # Employees HQ Website

India influenza vaccine market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to influenza vaccine market will help companies and investors design strategic landscapes.


Inactivated was the largest segment with a revenue share of 91.43% in 2023. Horizon Databook has segmented the India influenza vaccine market based on inactivated, live attenuated covering the revenue growth of each sub-segment from 2018 to 2030.


India has a flourishing pharmaceutical sector owing to the emergence of generic manufacturers and the presence of leading pharmaceutical players. The growth of India influenza vaccine market is driven by increasing prevalence of influenza in the country, coupled with several awareness campaigns arranged by governments to promote awareness regarding the condition.

In addition, rising government efforts to bring next-generation influenza vaccines into the country is another factor propelling the country’s market. For instance, in August 2018, India and the EU announced a collaboration to develop a next generation flu vaccine for people in India.

Moreover, several strategic initiatives undertaken by leading participants are another factor propelling the country’s market. For instance, in February 2017, Zydus Cadila announced that it received approval to launch its tetravalent flu vaccine in India.

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Target buyers of India influenza vaccine market databook

  • Our clientele includes a mix of influenza vaccine market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the India influenza vaccine market , including forecasts for subscribers. This country databook contains high-level insights into India influenza vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India influenza vaccine market size, by vaccine type, 2018-2030 (US$M)

India Influenza Vaccine Market Outlook Share, 2023 & 2030 (US$M)

India influenza vaccine market size, by vaccine type, 2018-2030 (US$M)

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