Chicago, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Markets N Research has recently released expansive research on Global Seasonal Influenza Market with 100+ market data Tables, Pie Chart, and Graphs & Figures spread through Pages and easy to understand detailed analysis. The report endows with wide-ranging statistical analysis of the market’s continuous developments, capacity, production, production value, cost/profit, supply/demand and import/export. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. This market research report serves the clients by providing data and information on their business scenario with which they can stay ahead of the competition in today's rapidly changing business environment.
As per the report titled "Seasonal Influenza Market Size, Share & COVID-19 Impact Analysis, By Type (Influenza A Viruses, Influenza B Viruses, Influenza C Virus, Influenza D Viruses and Others), By Treatment (Antiviral, Neuraminidase, Inhibitors, Vaccination, and Others), By Route of Administration (Oral, Parenteral, and Others), By End-User (Hospitals, Homecare, Specialty Clinics, and Others), By Distribution Channel (Hospital Pharmacy, Online Pharmacy, and Retail Pharmacy), and Regional Forecasts, 2023-2030" observes that the market size in 2022 stood at USD 6.3 billion and USD 24.3 billion in 2030. The market is expected to exhibit a CAGR of 21.30% during the forecast period.
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Seasonal Influenza Market Analysis:
In temperate regions of the world, seasonal influenza causes yearly epidemics that peak in the winter. It is an acute viral infection that spreads easily from person to person. As new medicines for the treatment and prevention of seasonal influenza are licensed in the upcoming years, it is anticipated that the dynamics of the seasonal influenza market will alter. Additionally, there are candidates in the pipeline for seasonal influenza in late-stage, middle-stage, and early-stage clinical development, which will increase the market size for seasonal influenza in the future. Furthermore, the recent pandemic has expedited improvements in the market for seasonal influenza. Additionally, the development of adaptable technologies will increase the demand for seasonal influenza vaccines.
Report Scope:
| Report Coverage | Details |
| Forecast Period | 2023-2030 |
| Forecast Period 2023 to 2030 CAGR | 21.30 % |
| 2030 Value Projection | 24.3 billion |
| Base Year | 2022 |
| Market Size in 2022 | 6.3 billion |
| Historical Data for | 2016 - 2021 |
| Segments covered | By Type, By Treatment, By Route of Administration, By End-User, By Distribution Channel and By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
List Of Key Companies Profiled:
- Pfizer Inc. (U.S.)
- GSK plc (U.K.)
- Novartis AG (Switzerland)
- Mylan N.V. (U.S.)
- Sanofi (France)
- Boehringer Ingelheim International GmbH (Germany)
- Merck & Co., Inc. (U.S.)
- F. Hoffmann-La Roche Ltd. (Switzerland)
- Bristol-Myers Squibb Company (U.S.)
- SHIONOGI & Co., Ltd (Japan)
- SINOVAC (China)
Seqirus announced Flucelvax Quadrivalent's Approval
In March 2022, Flucelvax quadrivalent, a cell-based influenza vaccine for those two years of age and older, was approved, according to a Seqirus announcement. Children in the age range of 2 to 18 years were now eligible for these vaccinations, thanks to Health Canada's permission.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the seasonal influenza market plan acquisitions to improve their brand recognition globally. For instance, in January 2022, Clinical Infectious Diseases reported that during the 2019–2020 season, when vaccine-mismatched viruses predominated, seasonal influenza immunization effectiveness against life-threatening seasonal influenza in children was 75%.
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Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- MNR research methodology
Driving Factors:
- Strong R&D Investments and Candidates with a Strong Pipeline to Drive Market Growth
Leading market companies like CSL Limited, Sanofi, and GlaxoSmithKline plc are investing more in R&D to improve their manufacturing capacities and concentrate on releasing new vaccines, which is what is driving the industry's continued growth. CSL Limited revealed intentions to build a new biotech manufacturing facility in Australia in November 2020. This, together with the robust vaccination pipeline and rising government financing, has made it easier to introduce therapeutically effective vaccines. Additionally, pharmaceutical firms are concentrating on funding R&D to provide new possible vaccines.
- Demand for Retail Pharmacies is Rising, Driving Market Expansion
It was observed that the seasonal flu virus prevalence was extremely low during the flu season of 2020–2021. In the United States, about 1,899 of 1,081,671 clinical samples tested positive for the influenza virus from September 2020, to May 2021. This accelerates market expansion. Opportunities for market expansion may arise from the rise in the number of antiviral medications prescribed by retail pharmacies for the treatment of seasonal influenza and from the expansion of these pharmacies in highly developing nations. Additionally, because retail pharmacies are more convenient for customers to reach, patients prefer them for drug purchases.
Restraining Factors:
- Seasonal Influenza Vaccine Side Effects and a Lack of Qualified Professionals Will Both Constrain Market Expansion
Over the projection period, the growth of the worldwide seasonal influenza market may be restrained by a shortage of competent staff who cannot treat patients with the proper medications. Additionally, vaccines have a variety of adverse effects that undoubtedly slow market expansion. Side effects like fever, chills, endurance, discomfort and soreness, among many others, hamper the seasonal influenza market's expansion.
Challenging Factors:
- Challenges Related to Manufacturing of Vaccines To Limit Market Growth
Due to expensive vaccine manufacturing costs and a challenging manufacturing process brought on by the inherent diversity of viral strains, the worldwide market for seasonal influenza is being constrained. The slow egg-based production method now in use makes it challenging to create seasonal influenza vaccines. Nevertheless, during the anticipated period, the market for seasonal influenza would face challenges due to the high cost of research and development. Additionally, the time needed to make the vaccine and the high manufacturing costs linked to very high development are the main factors that challenge the growth of the global market for seasonal influenza vaccines.
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Global Seasonal Influenza Market Segmentations:
Global Seasonal Influenza Market By Type:
- Influenza A Viruses
- Influenza B Viruses
- Influenza C Virus
- Influenza D Viruses
- Others
Global Seasonal Influenza Market By Treatment:
- Antiviral
- Neuraminidase Inhibitors
- Vaccination
- Others
Global Seasonal Influenza Market By Route of Administration:
- Oral
- Parenteral
- Others
Global Seasonal Influenza Market By End-User:
- Hospitals
- Homecare
- Specialty Clinics
- Others
Global Seasonal Influenza Market By Distribution Channel:
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacy
Global Seasonal Influenza Market Regional Insights:
North America is projected to hold the largest share of the seasonal influenza market over the forecast period. The region's market is anticipated to increase due to the quick introduction of efficient products and technologically sophisticated vaccine manufacturing facilities. Additionally, the market's expansion in North America is anticipated to be fueled by the rising occurrence of seasonal influenza and the high sales of its medication. On the other hand, the Asia Pacific seasonal influenza market is anticipated to grow significantly over the forecast period. It is projected that market expansion will be driven throughout the area by the rising number of government initiatives to offer flu vaccines and raise awareness about seasonal influenza.
Further Report Findings:
- The market in North America is expected to gain a huge portion of the global seasonal influenza market share in the coming years due to the existence of the product's primary manufacturer, strong R&D spending, and healthcare with qualified personnel.
- Due to the increase in seasonal influenza epidemics in nations like the U.S., this region is expected to dominate and hold the top market in the next years.
- In the Asia Pacific, the growth in this region is primarily driven by a rise in the construction industry, increased government awareness campaigns, and generic medicine availability.
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Key questions answered in this report:
- What is the size of the Seasonal Influenza market and what is its expected growth rate?
- What are the primary driving factors that push the Seasonal Influenza market forward?
- What are the Seasonal Influenza Industry's top companies?
- What are the different categories that the Seasonal Influenza Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Seasonal Influenza market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis By Type, By Treatment, By Route of Administration, By End-User, By Distribution Channel and By Geography
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Table of Content
Chapter 1: Preface
Chapter 2: Report Summary
Chapter 3: COVID 19 Impact Analysis
Chapter 4: Global Seasonal Influenza Market, By Type Segment Analysis
Chapter 5: Global Seasonal Influenza Market, By Treatment Segment Analysis
Chapter 6: Global Seasonal Influenza Market, By Route of Administration Segment Analysis
Chapter 7: Global Seasonal Influenza Market, By End-User Segment Analysis
Chapter 8: Global Seasonal Influenza Market, By Distribution Channel Segment Analysis
Chapter 9: Seasonal Influenza Market – Regional Analysis, 2023 – 2030
Chapter 10: Seasonal Influenza Market – Industry Analysis
Chapter 11: Competitive Landscape
Chapter 12: Company Profiles
Chapter 13: Research Methodology
Chapter 14: Questionnaire
Chapter 15: Related Reports
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Key Insights from Primary Research/Key Insights & Findings from the report:
- As per the analysis shared by our primary respondents, the Seasonal Influenza market is expected to grow annually at a CAGR of around 21.30%.
- Through primary research, it was established that the Seasonal Influenza market was valued at around USD 6.3 billion in 2022.
- The Seasonal Influenza market is segmented based on type: influenza A viruses, influenza B viruses, influenza C virus, influenza D viruses and others. The influenza A was predicted to show maximum market share in the year 2022.
- The key factor driving the market is Strong R&D Investments and Candidates with a Strong Pipeline
- The “North America” region will lead the global Seasonal Influenza market during the forecast period 2022 to 2030.
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