Influenza Vaccine Market Size (2022-28) | Industry Growth Analysis

The research report Influenza Vaccine Market size was estimated at USD 5206.73 Mn in 2021 growing at a CAGR rate of 8.3% during the forthcoming years 2022-2028.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on "Influenza Vaccine Market by Vaccine Type (Killed or Inactivated Vaccine, Live Vaccine), By Strain Type (Trivalent Influenza Vaccine, Quadrivaleant Influenza Vaccine), By Formulation Type (Injections, Nasal Sprays), By Distribution Channel (Government Immunization programmes, Non-Governmental Organizations (NGOs), Hospitals, Clinics) and Geography - Global/Region/Country Forecast to 2028."

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An overview on the Influenza Vaccine Market
Influenza is mainly caused by influenza virus usually spread through the air by sneezing and coughing. It is primarily affected by three types of influenza virus such as type A, type B and type C. Symptoms of influenza can be mild to severe range from fever to pneumonia. It can be diagnosed by testing nose, throat and sputum. Antiviral drugs are available to treat influenza. Many other fluid management methods are used along with administering influenza vaccine to prevent influenza. Several rapid tests are also available to detect influenza virus. Reduced healthcare burden because of influenza vaccination anticipated to impel the influenza vaccine market. Cost of effectiveness of seasonal influenza vaccine in various age groups and settings projected to boost the influenza vaccine market over the forecast period.

Influenza vaccines market players emphasize on developing efficient vaccine that is effective to fight against influenza virus and eyeing on expanding regional presence to fuel the market revenue for influenza vaccine products. Sanofi obtained a positive end of a procedure from the German in June 2016, which assists to obtain market authorization for VaxigripTetra, a quadrivalent vaccine against influenza. Securing government tenders becomes necessary for the manufacturers of influenza vaccine to get major market share and assists to sustain the business. For example, Sinovac Biotech Ltd obtained the tender award n 2015 from Beijing government to supply seasonal influenza vaccine. A number of major players of the influenza vaccine market shipping the vaccine to U.S. market to fulfill the seasonal demand in the country.

North America got major share in the Influenza Vaccine Market
Influenza vaccines market has been classified into major regions such as Latin America, North America, Asia Pacific, Europe, Middle East and Africa. Influenza infections occurrence in developing economies is high as compared to developed countries, which make the market profitable for players in developing economies. North America market projected to witness considerable growth due to the yearly vaccination program of U.S. Asia Pacific market projected anticipated to grow at considerable CAGR rate due to the subsidized and larger immunization programs in numerous economies of Asia Pacific and increase in the affordability.

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Competitive Analysis - Influenza Vaccine Market
Major players working in the influenza vaccine market are GlaxoSmithKline plc., Seqirus (CSL Limited), AstraZeneca, Sanofi Pasteur Inc., Sinovac Biotech Ltd. and Novavax, Inc. Key players in the market focus on adopting effective strategies to retain their position in the market.

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