PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1223358
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1223358
Global Flu Treatment Market Overview
According to SPER Market Research, the Global Flu Treatment Market is estimated to reach USD 1.74 billion by 2032 with a CAGR of 5.25%.
Flu, commonly known as influenza, is a typical viral infection. Chills, aches in the muscles, fever, headaches, runny nose, cough, and others are common flu symptoms. The respiratory tract is primarily impacted by flu. Influenza viruses come in four main categories: influenza A, influenza B, influenza C, and influenza D. The influenza virus types A and B that cause seasonal flu most frequently each year are A and B. The market for influenza treatments has grown due to a number of causes, including an increase in healthcare spending and R&D spending on antiviral drugs. The expansion of government programmes to fight the flu and create reliable tests will support it. The rising cost of creating tests and equipment may restrain industry expansion. The limitations on accessibility and the availability of raw materials raise the cost of the final product.
Impact of COVID-19 on the Global Flu Treatment Market
The global market for flu medications is expanding as a result of ongoing advancements in technology and partnerships between private businesses and governmental agencies for the treatment of such pandemic flu. This is due to the COVID-19 disease, which is spreading continuously throughout the world and causing a significant number of deaths worldwide. Due to the global pandemic COVID-19, which has had a severe impact on a significant section of the population, the hospital pharmacies segment is predicted to exhibit the highest CAGR during the projection period. As a result, it is likely to encourage the market for flu medications to expand.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Type, By Medication, By Route of Administration, By Distribution Channel, By End User.
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered AstraZeneca, Bayer AG, Bristol-Myers Squibb Company, F. Hoffmann-La Roche Ltd., GSK plc, Lilly, Merck & Co. Inc., Mylan N.V., NATCO Pharma Limited, Novartis AG, Pfizer Inc., Sanofi, Sun Pharmaceutical Industries Ltd.
Global Flu Treatment Market Segmentation:
By Type: Based on the Type, Global Flu Treatment Market is segmented as; Type A, Type B, and Type C.
By Medication: Based on the Medication, Global Flu Treatment Market is segmented as; Antiviral drugs, Antihistamines, Analgesics, and Others.
By Route of Administration: Based on the Route of Administration, Global Flu Treatment Market is segmented as; Oral, Parenteral, Others
By Distribution Channel: Based on the Distribution Channel, Global Flu Treatment Market is segmented as; Hospital Pharmacy, Online Pharmacy, Retail Pharmacy
By End User: Based on the End User, Global Flu Treatment Market is segmented as; Hospitals, Homecare, Specialty Clinics, Others
By Region: Based on region, The Global Flu Treatment Market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Due to the concentration of international players on cutting-edge technologies, the flu treatment market in North America has seen good growth over the course of the anticipated timeframe. The American healthcare authority also released COVID-19 and flu virus testing recommendations for clinicians.