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Microneedle Flu Vaccine Market New develop microneedle patch for flu vaccination

07-28-2021 11:23 AM CET | Health & Medicine

Press release from: Coherent Market Insights

Microneedle Flu Vaccine Market

Microneedle Flu Vaccine Market

Drug delivery through the skin by transdermal patches has always been effective against viral infection and flu. Drug delivery through transdermal route is mainly effective due to passive diffusion of the drug and followed by drug development in transdermal delivery systems through different mechanism of action such as iontophorresis and sonophoresis. Moreover, pharmaceutical companies are focusing on development of micro-needle vaccines due to its immense utility in transdermal delivery of very large drug molecules with ionic and hydrophilic nature.

To retain a competitive advantage in the industry, key corporations are concentrating on various techniques such as collaborations and partnerships. 3M Company, Inc. agreed to sell its medicine delivery business to Altaris Capital Partners, LLC in December 2019. Altaris Capital Partners, LLC will invest US$ 650 million in 3M Company as part of this arrangement. The arrangement will help in the development of the drug delivery industry and the production of pharmaceutical goods employing cutting-edge inhalation, epidermal, microneedle, and traditional drug delivery methods.

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The COVID-19 outbreak has impacted various markets throughout the world, and it is predicted to stymie raw material supplies for microneedle flu vaccine product development. Furthermore, the COVID-19 pandemic has had a three-fold influence on the worldwide micro-needle flu vaccine market: directly impacting production and demand; disrupting distribution routes; and 3) having a financial impact on enterprises and financial markets. Due to widespread lockdowns, supply chains and manufacturing activity in India, China, and the U.S. have been interrupted. Nations such as Saudi Arabia, the United Arab Emirates, Egypt, and others, on the other hand, are having difficulties transporting pharmaceuticals from one location to another.

In addition, research institutions are concentrating their efforts on creating a micro-needle coronavirus vaccination for the prevention of COVID-19 infections. Researchers at the University of Pittsburgh are working on developing a micro-needle vaccination that targets the peak antigen of the SARS-CoV-2 coronavirus in April 2020. The National Institute of Allergy and Infectious Diseases (NIAID), the National Institute of Arthritis and Musculoskeletal and Skin Diseases (NIAMS), and the National Cancer Institute all contributed to the research (NCI).

Market companies are concentrating on innovative tactics such as mergers and acquisitions to enhance their position in the global microneedle flu vaccine market, and the market is projected to develop significantly over the forecast period. Vetter Pharma International USA, Inc and Microdermics Inc merged in 2017 to create a new micro-needle medication delivery method for influenza and other diseases.

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Major Market Competitors

Micron Biomedical, Microdermics Inc., 3M Company, Inc., VaxInnate, and Vetter among others.

Market Segmentation

By Product Type:

Solid Microneedle
Hollow Microneedle
Coated Microneedle
Dissolving Microneedle
By Vaccine Type:

Trivalent Flu Vaccine
Quadrivalent Flu Vaccine
By Flu Type:

Influenza A
H1N1
H3N1
Influenza B

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Covid-19 Impact:

The COVID-19 pandemic has exacerbated the world’s healthcare challenges. Social distancing and shutdowns have accelerated adoption of digital technologies in the healthcare sector. Our updated reports have answers to various concerns in the global Microneedle Flu Vaccine market caused due to the pandemic.

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sales@coherentMarketinsights.com

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

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