The “Influenza Vaccine Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Influenza Vaccine Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The influenza vaccine market was valued at $5024.58 million in 2020. The market is forecast to grow at a CAGR of 7.18% during the forecast period from 2021-2027.
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Viruses that are responsible for respiratory infections caused by flu are called influenza viruses. Influenza viruses spread through respiratory droplets. In addition to physical contact, the virus can also be spread verbally. Influenza outbreaks and epidemics cause ten thousand deaths each year. An annual change in the strain of the vaccine is necessary because of the changing nature of the virus. Vaccines like baloxavir marboxil (Xofluza) have been suggested by healthcare organizations around the world, including the Centers for Disease Control and Prevention (CDC). There is an influenza vaccine called baloxavir marboxil (Xofluza) that can be used to treat patients who suffer from influenza symptoms.
Flu vaccines are composed of three different influenza viruses, including influenza type A with strains of the H3N2 and H1N1 viruses and influenza type B with strains of the H1N1 virus. As influenza epidemics and seasonal outbreaks increase during the projected period, product sales are likely to increase.
Factors influencing the market for influenza vaccines
The increased support and surveillance provided by governments regarding influenza vaccination on both the national and international levels is one major driving force for the growth of the flu vaccine market.
In addition to a rise in government funding, a rise in investment by leading market players has supported the launch of therapeutically effective influenza vaccines.
Covid-19 Impact on the Global Influenza Market
In the coming years, more companies are anticipated to make influenza vaccines available throughout the world due to the Covid-19 outbreak.
With the increase in Covid-19 infections, the need for influenza vaccines has surged.
Covid-19 cannot be cured by the influenza vaccine but it reduces illness, death, and hospitalizations.
The chance of a Covid-19 patient being admitted to the intensive care unit is reduced when the patient has been vaccinated with the influenza vaccine.
Therefore, influenza vaccine demand increases.
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Regional Analysis of the Global Influenza Market
Influenza vaccine market share in North America was the highest in 2020 and is expected to remain dominant over the forecast period. Influenza outbreaks are on the increase in the region, immunization programs are gaining attention, new vaccines are being developed, and the administration of vaccines has become more technologically advanced. Despite this, the Middle East and Africa are expected to have the highest growth potential due to increased awareness programs, improved healthcare facilities, increased disposable income, and rapid economic development.
Key Players in the Global Influenza Market
The prominent players in the global influenza market are:
Sanofi
Biodiem
Csl Limited (Seqirus GmbH)
Astrazeneca Plc (Astrazeneca)
Emergent Biosolutions
F. Hoffmann-La Roche Ltd.
Sinovac Biotech Ltd.
Merck & Co., Inc. (Merck Sharp & Dohme Corp.)
Gamma Vaccines Pty Ltd.
Glaxosmithkline Plc
Novartis Ag
Pfizer, Inc.
Other Prominent Players
Aim of the Report: The Global Influenza Market
The global influenza market is segmented by Age Group, Vaccine Type, Technology, Route of Administration, Type, and Region.
Segmentation based on Age Group
Pediatric
Adult
Segmentation based on Vaccine Type
Quadrivalent
Trivalent
Segmentation based on Technology
Egg-based
Cell-based
Segmentation based on Route of Administration
Injection
Nasal Spray
Segmentation based on Type
Seasonal
Pandemic
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
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