Recent News Stories Shows How The Canadian Influenza (Seasonal Flu) Vaccine Market Products Are Surviving In The Global Industry To 2028?

Canadian Influenza Vaccines market size stood at USD XX billion in 2019 and is projected to reach USD XX billion by 2028, exhibiting a CAGR of XX% during the forecast period.

Influenza, also known as the flu, is an infection of the upper airway caused primarily by the influenza A and B viruses. Symptoms can include fever, cough, muscle aches and pains, headache, sore throat, etc. It is ranked among the top 10 leading causes of death in Canada. Each year, it is estimated that influenza causes on average 12,200 hospitalizations and 3,500 deaths in Canada. Influenza viruses circulate in Canada year-round. Two influenza vaccine types are widely available in the market. These are inactivated influenza vaccine (IIV) and live attenuated influenza vaccines (LAIV). The influenza vaccine markethas increased tremendously over the past few years. Several factors influence the raised market value, including the increase of the awareness of the disease among the people, funding, and the fear of the influenza pandemic.

Market Drivers

The increasing prevalence of Influenza-induced diseases among infants, increasing awareness regarding vaccines among patients are accelerating the growth of this market. The Canadian national influenza vaccination coverage goals for seniors aged 65 and older and adults aged 1864 years with certain chronic medical conditions (CMC) were set at 80% in 2019 to be reached by 2028. The rise in the population of immunity-compromised individuals can act as a catalyst for market growth. An increase in the development and manufacturing of vaccines would enhance the market growth. The increasing intergenic variability among various influenza virus strains has led to increasing demand for developing influenza vaccines compatible with all influenza viruses.

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Top Major Players

The influenza vaccine market is highly competitive, with many key players dominating the market. In Apr 2021, Sanofi has committed over Euro 600 million to build a new vaccine facility in Toronto to increase its supply of influenza vaccine in Canada, the United States, and Europe. The major players for Influenza Vaccine in Canadian Market are Sanofi Pasteur, Pfizer Inc, Abbott Laboratories, Johnson & Johnson and Merck, etc.

The Canadian Influenza (Seasonal Flu) Vaccine Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Canadian Influenza (Seasonal Flu) Vaccine market. This report explores all the key factors affecting the growth of the global Canadian Influenza (Seasonal Flu) Vaccine market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Market Segmentation

By Vaccine Type:

There are two categories of influenza vaccine authorized for use in Canada: inactivated influenza vaccine (IIV) and live attenuated influenza vaccine (LAIV). All influenza vaccines currently authorized for use in Canada are made from influenza viruses grown in eggs.

By End-users:

Based on the end-user segmentation, the Canada influenza vaccination is modified by different sectors, including clinics, hospitals, research organizations & academic institutes, and others. There is a chance for the highest growth in the Research Organizations & Academic Institutes segment during the projected period. The reason for that is the nature of the virus, which is changing every year, and accordingly, the vaccines need up-gradation after every 6 months to 1 year.

Top Major Players

The influenza vaccine market is highly competitive, with many key players dominating the market. In Apr 2021, Sanofi has committed over Euro 600 million to build a new vaccine facility in Toronto to increase its supply of influenza vaccine in Canada, the United States, and Europe. The major players for Influenza Vaccine in Canadian Market are Sanofi Pasteur, Pfizer Inc, Abbott Laboratories, Johnson & Johnson and Merck, etc.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Canadian Influenza (Seasonal Flu) Vaccine Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global Canadian Influenza (Seasonal Flu) Vaccine Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Canadian Influenza (Seasonal Flu) Vaccine market
Chapter 2: Exclusive Summary - the basic information of the Canadian Influenza (Seasonal Flu) Vaccine Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Canadian Influenza (Seasonal Flu) Vaccine
Chapter 4: Presenting the Canadian Influenza (Seasonal Flu) Vaccine Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Canadian Influenza (Seasonal Flu) Vaccine market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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In conclusion, the Canadian Influenza (Seasonal Flu) Vaccine Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.

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