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Influenza Medication Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

01-05-2024 09:05 AM CET | Health & Medicine

Press release from: Orion Market Research

Influenza Medication Market is Anticipated to Increase at

Influenza medication market is expected to grow at a significant CAGR during the forecast period.  Over the last few decades, the number of severe and life-threatening infectious diseases has increased across the globe. There are various kinds of influenza, which have exhibited a steady increase in occurrence globally. In October 2019, there were 9.7 million influenza cases in the US, according to the Centers for Disease Control and Prevention (CDC). This, in turn, is driving the growth of the market. 

The major companies operating in the industry are highly inclined towards the adoption of different growth strategies including partnerships and collaborations, mergers and acquisitions, geographical expansion, and new product launches to remain competitive in the marketplace. For instance, in October 2019, Xofluza (Baloxavir Marboxil) was approved by the FDA for people who are at a high risk of suffering from influenza-related complications. Shionogi & Co., Ltd. stated in October 2019 that a supplemental New Drug Application (sNDA) for Xofluza (baloxavir marboxil) for the postexposure prophylaxis of influenza virus infection had been filed in Japan. Further, Shionogi & Co., Ltd. announced in August 2019 that Xofluza (Baloxavir Marboxil) 20mg tablets have been approved in Taiwan for the treatment of influenza types A and B in individuals over the age of 12. Xofluza is a first-in-class, single-dose oral drug with a new mechanism of action that inhibits polymerase acidic endonuclease, a viral replication enzyme. 

In November, 2020, Shionogi & Co., Ltd. announced that F. Hoffmann-La Roche Ltd., which holds global rights to Xofluza except in Japan and Taiwan, has received FDA approval for a supplemental New Drug Application (sNDA) for Xofluza (baloxavir marboxil) as a treatment to prevent influenza in people 12 years of age and older following contact with someone who has influenza (known as post-exposure prophylaxis). In November 2020, Roche announced that the FDA has granted a supplemental New Drug Application (sNDA) for Xofluza (baloxavir marboxil) as a therapy to prevent influenza in patients aged 12 and up who have been exposed to influenza (known as post-exposure prophylaxis).

To Request a Sample of our Report on Influenza Medication Market:   https://www.omrglobal.com/request-sample/influenza-medication-market

Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Product 
By Distribution Channel  

Regions covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape:  CSL Ltd., F. Hoffmann-La Roche Ltd., and GlaxoSmithKline plc, among others. 

Influenza Medication Market Report by Segment

By Product 

Baloxavir (Marboxil)
Zanamivir
Oseltamivir
Peramivir
Amantadine
Other (Rimantadine)

By Distribution Channel 

Hospitals
Clinics
Pharmacies
Others

A full Report of Influenza Medication Market is Available @ https://www.omrglobal.com/industry-reports/influenza-medication-market

Influenza Medication Market Report by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America 
Middle East & Africa

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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