H1N1 Vaccines Market Revenue by key Vendors Medimmune, AstraZeneca, GlaxoSmithKline, Novartis, Serum Institute of India, Abbott Healthcare, Sanofi Pasture, CSL Biotherapeutics, Sinovac

One of the major factor propelling growth of H1N1 market is increased incidence of disease and episodes of pandemic worldwide from H1N1 infection. According to World Health Organization’s (WHO) 2018, factsheet estimates, 290,000 to 650,000 deaths are reported each year from all types of influenza infection (including Influenza A i.e. H1N1). Each year there are 3 to 5 million cases of severe illness from viral influenza infection globally, according to the same source.

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Furthermore, rising geriatric population worldwide would be another impetus for growth of the H1N1 vaccine market. Global population is crossing the age of 60 at annual rate of 3% according to 2017 UN report. Increased age, maximizes the risk of various respiratory tract related diseases and immune deficient diseases, thereby the risk for infection due to H1N1 virus rises. Awareness amongst patients about preventive healthcare approaches such as vaccination may lead to higher demand for H1N1 vaccines during forecast period.

However, seasonal nature of occurrence of H1N1 flu has led to meagre revenue for many of the key players. For instance, India-based Serum Institute, which produces intranasal live vaccine to treat swine flu had to destroy stock of 2 million doses in the year 2011 due to lack of demand. In contrast, if pandemic arises suddenly, supply of vaccine may be delayed due to slow production of vaccine, which may negatively affect health of many patients. Due to constant evolving nature of H1N1 virus, vaccine may prove to be ineffective in some parts of the world, which may deter the use of vaccines.

Furthermore Asia Pacific market is expected to exhibit the highest CAGR due to high prevalence of swine flu and increasing awareness about vaccination against H1N1. According to Ministry of Health and Family Welfare, Government of India, there were 0.1 million cases in India of H1N1 influenza during 2010 to 2017. Continuous changing nature of the virus creates challenges to overcome the H1N1 epidemic. For instance, in 2017 new Michigan strain of H1N1 swine flu virus was first identified in India. Government has played an important role in tackling swine flu by spreading awareness about H1N1 vaccine The Government of India has published guidelines for case management of influenza A/H1N1 which classifies influenza patients into three categories depending on severity. Vaccination was recommended in patient group which are susceptible to H1N1 fever in future.

H1N1 Vaccines Market - Competitive Landscape

Key players present in the H1N1 vaccines market are Medimmune, AstraZeneca, GlaxoSmithKline, Novartis, Serum Institute of India, Abbott Healthcare, Sanofi Pasture, CSL Biotherapeutics, Sinovac, ID Biomedical Corporation, Cadila Healthcare, and Lupin Ltd.

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H1N1 Vaccines Market - Market Taxonomy

On the basis of vaccine type, the global H1N1 vaccines market is segmented into:

Inactivated Vaccine
Live Attenuated Vaccine
On the basis of route of administration, the global H1N1 vaccines market is segmented into:

Injectable Vaccine
Intranasal Vaccine
On the basis of distribution channel, the H1N1 vaccines market is segmented into:

Retail Pharmacy
Hospital Pharmacy
Online Pharmacy
On the basis of geography, the H1N1 vaccines market is segmented into:

North America
Latin America
Europe
Asia Pacific
Middle East
Africa

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This release was published on openPR.