PUBLISHER: Orion Market Research Pvt Ltd | PRODUCT CODE: 1215821
PUBLISHER: Orion Market Research Pvt Ltd | PRODUCT CODE: 1215821
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Title:Global Flu Influenza Vaccine Market Size, Share, and Trends Analysis Report, By Vaccine Type (Quadrivalent and Trivalent), By Technology (Egg-Based and Cell Culture), By Age Group (Pediatric and Adult), By Route of Administration (Injection and Nasal Spray), Forecast (2022 to 2028).
The global flu influenza vaccine market is anticipated to grow at a CAGR of 6.9% during the forecast period. The market players are investing in influenza vaccine technology which in turn, is offering an opportunity for market growth. For instance, in August 2021, the Seqirus business of CSL Ltd. Accelerated the development of its next generation of messenger RNA (mRNA) vaccine technology, self-amplifying messenger RNA (sa-mRNA), with the creation of a dedicated sa-mRNA program and senior leadership appointment. Moreover, the rising focus of major pharma companies on developing innovative vaccine solutions will further boost the influenza vaccine market.
The global flu influenza vaccine market is segmented based on type, technology, age group, and route of administration. Based on type, the market is segmented into quadrivalent and trivalent. Based on technology, the market is segmented into egg-based and cell culture. Furthermore, based on age group, it is bifurcated into pediatric and adult. Among these, the adult age group segment was the highest contributor to the influenza vaccine market in 2021 and is expected to remain dominant during the forecast period owing to the increasing geriatric population and the high risk of developing flu among them due to weaker immunity. Whereas based on the route of administration, the market is segmented into injection and nasal spray.
Geographically, the flu influenza vaccine market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The market in the Asia-Pacific region is anticipated to experience the fastest growth during the forecast period owing to the increasing population in major economies such as China and India and the high prevalence of influenza virus among them which has surged the demand and development of influenza vaccines to combat flu diseases. Whereas North America is expected to dominate and hold the highest share owing to the increasing incidence of influenza outbreaks in countries such as the US.
The major market players in the global flu influenza vaccine market include AstraZeneca plc, GlaxoSmithKline plc, and Sanofi S.A., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.
Research Methodology
The market study of the global flu influenza vaccine is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: