Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 25.04 Billion | USD 43.39 Billion | 6.3% | 2023 |
According to the report published by Zion Market Research, the global Seasonal Influenza Vaccines Therapeutics Market size was valued at USD 25.04 Billion in 2023 and is predicted to reach USD 43.39 Billion by the end of 2032. The market is expected to grow with a CAGR of 6.3% during the forecast period. The report analyzes the global Seasonal Influenza Vaccines Therapeutics Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Seasonal Influenza Vaccines Therapeutics industry.
The influenza vaccine is also called the flu shot. It is used to protect against the infection of the influenza virus. An influenza vaccine has a mixture of 3 virus types which include influenza type B virus strain, influenza type A having the H3N2 virus strain, and influenza type A having the H1N1 virus strain. Influenza is a respiratory illness that is contagious and may lead to mild or severe disease. It may lead to the death of the patient. The classification of the influenza virus is done on the basis of the H1N1 (influenza A) virus, H3N2 (influenza A) virus, and one or two influenza B viruses. The symptoms shown by the patients include cough, running nose, headache chills, diarrhea, sore throat, body aches, fatigue, and vomiting.
The Australian Influenza Vaccine Committee (AIVC) has assessed and evaluated the data that is related to the strains of influenza that were present in the regions of Australia and the Southern Hemisphere. On the basis of this review, the AIVC recommended the TGA adopt the September 2016 World Health Organization (WHO) proposals for the strains to be covered by the 2017 seasonal influenza vaccines.
The global market for seasonal influenza vaccine therapeutics is fragmented into its end-users and the treatment type.
On the basis of the end-user, the global market is segregated into hospitals, clinics, and medicals.
On the basis of the patient type, the market is divided into adolescence, the elderly, pediatrics, and adults.
On the basis of the treatment type, the global market is categorized into antiviral therapies and vaccines.
The major factors that are driving the seasonal influenza vaccine therapeutics market are wider coverage of the vaccination, growing disease awareness about influenza, and the rise in the support of the government for immunization purposes against seasonal influenza. There is a huge pipeline of products that are made by the major market players thus making the portfolio of the product strong. The key factors that are restraining the growth of the market are limited production capacity, strict regulations imposed, variable demand, and a high level of required investment.
Report Attributes | Report Details |
---|---|
Report Name | Seasonal Influenza Vaccines Therapeutics Market |
Market Size in 2023 | USD 25.04 Billion |
Market Forecast in 2032 | USD 43.39 Billion |
Growth Rate | CAGR of 6.3% |
Number of Pages | 197 |
Key Companies Covered | Novartis, MedImmune, Solvay, Hualun Biologicals, Seqirus, MedImmune, GlaxoSmithKline, CSL, Sanofi-Pasteur, Sinovac Biotech, ID Biomedical Corp. of Quebec, and Protein Sciences |
Segments Covered | By end-users, By the treatment type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regions where the seasonal influenza vaccine therapeutics market is expanded include New Zealand, Taiwan, Hong Kong, India, Japan, Australia, China, the Philippines, Singapore, and Malaysia. In recent years, the market witnessed healthy growth in the countries such as France, Italy, the U.K., the U.S., Germany, Spain, and Japan. In the Asia Pacific region, the Philippines have the most attractive market for seasonal influenza vaccines.
The key market players that are involved in the seasonal influenza vaccines therapeutics market include
By end-user
By patient type
By treatment type
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed