Influenza Vaccine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Influenza Vaccine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : June, 2022 | Pharmaceutical

Report Digest

Global Influenza Vaccine Market – Overview

Influenza is a viral infection of the respiratory system and is majorly responsible for seasonal flu epidemics each year. Influenza is usually characterized by symptoms such as muscle aches, runny nose, headache, cough, congestion, fever, and fatigue. There are four types of influenza viruses which include type A, B, C, and D. The type influenza A and influenza B are usually referred to as human influenza viruses. Type A viruses are further segregated into two subtypes based on the differences in their viral surface proteins called hemagglutinin (H) and neuraminidase (N).

Global Influenza Vaccine Market – Notable Developments

The global influenza vaccine market features a fragmented landscape owing to the strong presence of several key players in the market. These leading companies in the global market are constantly focusing on manufacturing technologically advanced products that will enhance efficiency. Naturally, the competition on the basis of pricing in the market quite high and is working in favor of the development of the global market. The existing market players are deploying various strategies and advanced techniques to thrive in the global market.

Some of the leading companies in the global influenza vaccine market include names such as Sinovac Biotech Ltd, Sanofi Pasteur SA, Novartis AG, Pfizer, Inc., Merck & Co., Inc. (Merck Sharp & Dohme Corp.), GlaxoSmithKline Plc., Gamma Vaccines Pty Ltd., Emergent BioSolutions, F. Hoffmann-La Roche Ltd, CSL Limited, Biodiem, and AstraZeneca Plc. among others.

  • In August 2019, Pfizer Inc. announced that the company is planning to invest half a billion dollars for the expansion of its new research facility in Sanford, North Carolina.
  • In July 2019, Pfizer Inc. announced that the company has successfully acquired Array Biopharma.

Global Influenza Vaccine Market – Drivers and Restraints

Influenza is a contagious infection and is transmissible through the sneezing and coughing of an infected person. Vaccination serves as an effective method for the prevention of influenza which is propelling the demand of the global influenza vaccine market. Additionally, the availability of several influenza vaccines that have been prequalified by the WHO for purchase by the UN Agencies is boosting the advancement of the global market. Factors such as the development of new vaccines, advancements in existing vaccines, minimal side effects, funding and investments by companies in R&D activities, and a rise in the government initiatives to ensure well-being of population are also contributing to the growth of this market. An increase in routine immunization programs in the developed, as well as developing countries, is anticipated to drive the global influenza vaccine market towards progressive and lucrative opportunities.

Global Influenza Vaccine Market – Geographical Outlook

The global influenza vaccine market has five main regions that provide the reader with the intricate details of the working dynamics of the regional landscape. These regions are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Of these, currently, the global automated fare collection system market is growing remarkably owing to the substantial contribution of the regional segment of North America. Several factors such as the focus of the government on immunization programs, advancements in vaccine administration, the emergence of new vaccines, and the prevalence of influenza in the region are boosting the development of the global influenza vaccine market.

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5-Point Growth Formula

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The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

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Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?