Explore the Demand And Growth Influenza Vaccine Market | Registering a CAGR of 7.20% from 2021 to 2030

Allied Market Research has released a report on the global Influenza Vaccine Market, highlighting the key drivers and projections for market growth. According to the report, the market generated $5.02 billion in 2020 and is expected to reach $10.12 billion by 2030, with a CAGR of 7.2% from 2021 to 2030. The report provides comprehensive insights into the market, including analysis of restraints, key drivers, opportunities, and their impact.

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Key Drivers:

The rise in government surveillance regarding influenza vaccination worldwide and efforts to monitor the supply, distribution, and administration of flu vaccines are driving market growth. Additionally, the COVID-19 pandemic is expected to have a positive impact on the market, as the increase in COVID-19 cases drives demand for influenza vaccines.

COVID-19 Scenario:

While influenza vaccines do not prevent COVID-19, they help conserve medical resources for COVID-19 patients. Therefore, the demand for influenza vaccines is expected to increase during the pandemic.

Segmentation:

The report offers detailed segmentation of the global influenza vaccine market based on vaccine type, technology, age group, route of administration, and region.

Quadrivalent vaccines accounted for the largest market share in 2020 and are expected to maintain their lead throughout the forecast period. The Quadrivalent segment is projected to witness the fastest CAGR of 7.5% from 2021 to 2030.

Egg-based technology dominated the market in 2020 and is expected to continue leading the market. However, the cell-based segment is projected to witness the highest CAGR of 9.2% from 2021 to 2030.

Regional Analysis:

North America contributed to the highest share in 2020 and is expected to maintain its lead throughout the forecast period. Conversely, the Asia-Pacific region is projected to witness the fastest CAGR of 8.5% during the forecast period.

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Leading Players:

Key players in the global influenza vaccine market include Biodiem, Sanofi Pasteur SA, AstraZeneca plc., F. Hoffmann-La Roche Ltd., Emergent BioSolutions, GlaxoSmithKline plc, Gamma Vaccines Pty Ltd., Merck & Co. Inc., Novartis AG, CSL Limited, Pfizer, Inc., and Sinovac Biotech Ltd.

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