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 : May, 2021 | 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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?