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 : August, 2020 | Pharmaceutical | PPT format

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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.