Global Influenza Vaccine Market Future Demand, Challenges, Top Companies and Forecast 2030

According to a new market research report published by Inkwood Research, the Global Influenza Vaccine Market is estimated to record a CAGR of 6.43% during the forecasting years of 2020-2028.
''Browse 35 Market Data Tables and 41 Figures spread over 160 Pages, along with an in-depth TOC on the Global Influenza Vaccine Market Market Forecast 2020-2028.''

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Influenza is a chronic respiratory illness that affects the respiratory tract. According to WHO, the majority of North America, Asia, and Europe are witnessing increasing incidences of influenza virus from the beginning of 2020. It is essential to change the influenza virus strain annually to better match with circulating influenza virus strain globally. Hence, influenza vaccines are continuously changing. In the United States and Canada, influenza B is dominant, whereas the majority of Europe is affected by influenza A. In the Asia Pacific region, Influenza B viruses are dominant. Major parts of Africa reported moderately increased levels of malaria.

Government Immunization Programs to Eradicate Ailments Drives Market Growth
The emphasis of different immunization programs is on increasing the awareness toward vaccinations among people. NAIIS, a national campaign for influenza prevention and vaccination by CDC across the U.S. and FAC initiative in 2013, are some of the successful influenza vaccination initiatives undertaken so far. Further, the CDC has recommended a vaccination program, which provides information about various seasonal vaccines for the prevention of flu each year, along with relevant information about different available vaccines and updates on the newly developed vaccines. The recommendations made by the CDC are highly dependable and enhance the utilization of vaccines among people. ACIP is a group of medical and public health experts that outs forth recommendations in terms of the usage of vaccines in the U.S. The committee members of the CDC and ACIP meet three times a year and discuss vaccine research and various developments in vaccine technology.
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Quadrivalent Vaccine - The Fastest Growing Category in the Type Segment
Quadrivalent vaccines are used for active immunization of influenza, which protects individuals from four different flu strains. The quadrivalent influenza vaccine category captured the largest market share in terms of revenue in 2019, which is estimated to continue until the end of the forecast period. The quadrivalent influenza vaccine is also evaluated to record the highest CAGR throughout this period. Quadrivalent vaccines are designed to provide broader protection against four viral strains, two in each of A and B strains. So many pharmaceutical companies are manufacturing these vaccines for the forthcoming flu season, and also, it is profitable than other vaccines.

Asia Pacific Evaluated to Register the Highest Rate of Growth
The Asia Pacific region is expected to record the highest CAGR. The market growth analysis of the region includes a study of the countries such as India, Japan, South Korea, Vietnam, China, Australia & New Zealand, Thailand, Indonesia, and the rest of Asia. The factors favoring the market growth in the region are the high prevalence of influenza, growing healthcare expenditure, and development in the healthcare sector in India and China. Moreover, various R&D activities are undertaken by major companies in the Asia Pacific.
The major companies operating in the market are Pfizer Inc, Merck, Novartis AG, etc.

Related Report:
GLOBAL VIRAL VECTOR VACCINE MANUFACTURING MARKET

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