Influenza Vaccine Market Is Expected To Reach USD 10.8 Billion by 2031, Growing with 6.9% CAGR

DataM Intelligence has published a comprehensive research report titled "Influenza Vaccine Market 2024: Industry Size, Share, Growth, Segmentation, Key Trends, and Forecast to 2031." This in-depth analysis offers a detailed overview of the Influenza Vaccine market, covering key factors such as market drivers, challenges, regulations, and emerging opportunities. The study provides a clear understanding of the industry's current landscape, growth prospects, and future trends, offering actionable insights for businesses looking to make informed decisions. With a focus on market segmentation, competitive landscape, and innovative strategies, this report is a valuable resource for stakeholders seeking to optimize investments and understand the economic potential of the Influenza Vaccine market. Get insights into annual forecasts, key players, and strategic developments that will shape the market through 2031.

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The global influenza vaccines market reached US$ 6.4 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 10.8 billion by 2031. The global influenza vaccines market is expected to exhibit a CAGR of 6.9% during the forecast period (2024-2031).

The influenza vaccine is a preventive measure designed to protect against infection from the influenza virus, commonly known as the flu. It stimulates the immune system to produce antibodies that recognize and fight the virus, reducing the risk of illness. The vaccine is typically administered annually, as the flu virus can change each year. It is especially recommended for vulnerable populations such as the elderly, young children, pregnant women, and individuals with chronic health conditions.

Competitive Landscape

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as:

AstraZeneca PLC, CSL Limited, Abbott Laboratories, F.Hoffmann-La Roche Ltd, Emergent BioSolutions, GlaxoSmithKline PLC, Gamma Vaccines Pvt Ltd, Merck & Co, Pfizer Inc, Sanofi Pasteur SA among other.

Key Developments:

❁ On September 14, 2022, Pfizer initiated Phase 3 research on its mRNA-based influenza vaccine. The company reported that the first participants in a pivotal Phase 3 clinical study, involving approximately 25,000 healthy individuals in the United States, have been dosed. This study aims to assess the effectiveness, safety, tolerability, and immunogenicity of Pfizer's quadrivalent modified RNA (modRNA) influenza vaccine candidate.

❁ In August 2022, Roche announced the approval of a new influenza medication and a COVID-19 test. The U.S. Food and Drug Administration (FDA) approved a supplemental New Drug Application (sNDA) for Xofluza (baloxavir marboxil), a treatment for acute uncomplicated influenza in healthy children aged 5 to under 12 years who have had symptoms for no more than 48 hours.

❁ In May 2023, CureVac began a Phase 1/2 seasonal influenza vaccine trial. The company announced that the first participant had been dosed in the initial phase of a combined Phase 1/2 study of its multivalent mRNA seasonal influenza vaccine candidates, developed in collaboration with GSK.

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Market Segments

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Influenza Vaccine market has been segmented:

By Vaccine Type: Seasonal Vaccines, Pandemic Vaccines, Zoonotic Vaccines

By Virus Type: Type A Influenza Virus, Type B Influenza Virus

By Age Group: Children, Adult

Research Process

Both primary and secondary data sources have been used in the global Influenza Vaccine Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Regional Analysis for Influenza Vaccine Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Influenza Vaccine market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Influenza Vaccine Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Influenza Vaccine market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Influenza Vaccine Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Influenza Vaccine market?

➠ Who are the global key manufacturers of the Influenza Vaccine Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Influenza Vaccine market opportunities and threats faced by the vendors in the global Influenza Vaccine Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Influenza Vaccine market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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