PUBLISHER: Value Market Research | PRODUCT CODE: 1288788
PUBLISHER: Value Market Research | PRODUCT CODE: 1288788
The global demand for Influenza Vaccine Market is presumed to reach the market size of nearly USD 26.751 BN by 2030 from USD 10.5 BN in 2022 with a CAGR of 10.95% under the study period 2023-2030.
Influenza vaccine, or flu shot, is a vaccine that protects against influenza, a highly contagious respiratory illness caused by influenza viruses. The vaccine works by prompting the body's immune system to release antibodies that can recognize and fight off the influenza virus. The influenza vaccine is typically given once a year, usually in the fall or winter, before the flu season begins. The vaccine is usually recommended for everyone over the age of six months, particularly individuals at higher risk of developing severe complications from influenza, such as the elderly, individuals with underlying medical conditions, and pregnant women.
The high prevalence of influenza is one of the primary drivers of the influenza vaccine market. Influenza is a highly contagious respiratory illness that can lead to severe complications, particularly in high-risk populations (elderly and individuals with underlying medical conditions). Governments around the world have launched initiatives to scale up vaccination rates and reduce the burden of influenza on healthcare systems. These initiatives have led to increased awareness about the benefits of the influenza vaccine and increased demand for the vaccine. Advances in vaccine technology have made it easier to produce and distribute the influenza vaccine. Newer vaccine technologies, such as recombinant DNA and cell-based vaccines, offer several advantages over traditional egg-based vaccines, such as faster production times and improved efficacy. Increasing healthcare spending in developed and developing countries is driving the growth of the influenza vaccine market. Governments and private healthcare providers are investing in preventative measures such as vaccination to reduce the overall burden on healthcare systems. The growing elderly population is a key driver of the influenza vaccine market, as elderly individuals are at higher risk of developing severe complications from influenza.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of influenza vaccine. The growth and trends of influenza vaccine industry provide a holistic approach to this study.
This section of the influenza vaccine market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Influenza Vaccine market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the influenza vaccine market include GSK plc, AstraZeneca, SINOVAC, Pfizer Inc, Vaxess Technologies Inc, CSL Limited, EMERGENT, Merck & Co., Inc., Viatris Inc., OSIVAX, EMERGEX VACCINES. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.