Press release
Influenza Vaccines Market: Strong Growth Fueled by Evolving Healthcare Landscape and Rising Incidences of Seasonal Influenza
Predicted to Grow at 7.5% CAGR, the Global Influenza Vaccines Market Is Set to Reach $7.9 Billion by 2025What Is The Projected Market Size Of The Global Influenza Vaccines Market And Its Growth Rate?
The influenza vaccines market has shown a strong and consistent growth pattern over the years. Key statistics include:
• The market value will increase from $7.35 billion in 2024 to $7.9 billion in 2025, reflecting a CAGR of 7.5%.
• Market growth in the historic period is primarily attributed to pandemic preparedness, vaccine effectiveness studies, and global influenza surveillance.
• By 2029, the market is predicted to reach $11.02 billion, depicting a CAGR of 8.7%.
• Factors such as climate change, healthcare accessibility, the emergence of new influenza strains, and rising healthcare expenditure will catalyze growth in the forecast period.
What Is Driving The Growth In The Influenza Vaccines Market?
Seasonal influenza, a respiratory illness that tends to outbreak during colder months, plays a significant role in driving the growth of the influenza vaccine market. Factors such as antigenic drift, population susceptibility, environmental changes, incomplete vaccine coverage, and the absence of universal vaccination have aggravated the incidences of seasonal influenza. Influenza vaccines help to reduce these incidences by providing immunization against the circulating virus strains, thereby propelling market growth.
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Who Are the Key Players Driving Influenza Vaccines Market Growth?
The influenza vaccines market involves a host of major companies including:
• Pfizer Inc.
• F. Hoffmann-La Roche Ltd.
• Merck & Co. Inc.
• Novartis AG
• Sanofi-Aventis LLC.
• AstraZeneca PLC
• GlaxoSmithKline PLC
• Serum Institute of India Private Limited
• Takeda Pharmaceutical Company Limited
• Moderna Inc.
• Others
What Are The Key Trends In The Influenza Vaccines Market?
Key market trends include:
• Wider use of mRNA vaccine technology
• Focus on pediatric immunization
• Implementation of seasonal influenza control measures
• Enhanced vaccination coverage in developing nations
• Tailored vaccination strategies
What Are The Segments Of The Global Influenza Vaccines Market?
The market is segmented based on various aspects including:
• Vaccine Type: Inactivated, Live Attenuated
• Valency: Quadrivalent, Trivalent
• Route Of Administration: Injection, Nasal Spray
• Age Group: Pediatric, Adult
• Distribution Channel: Hospitals And Pharmacies, Government And Institutional Supply, Other Distribution Channels
Which Region Leads The Influenza Vaccines Market?
North America dominated the influenza vaccines market in 2024. However, in the forecast period, Asia-Pacific is expected to emerge as the fastest-growing region.
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What Is Covered In The Influenza Vaccines Market Global Market Report?
- Market Size Analysis: Analyze the Influenza Vaccines Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Influenza Vaccines Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Influenza Vaccines Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Influenza Vaccines Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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