06-Sep-2021 | Facts and Factors
Facts & Factors Research recently published a report titled “Seasonal Influenza Vaccine Market By Product Type (Quadrivalent, and Trivalent), By Sector (Public, and Private), By End User (Hospitals, Government Suppliers, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2021–2030”. The report states that the global Seasonal Influenza Vaccine market in 2020 was approximately USD 5,638.3 Million. The market is likely to grow at a CAGR of 5.6% and is anticipated to reach around USD 9,801.8 Million by 2030.
Influenza (also terms as “flu”) is one of the serious diseases that can lead to hospitalization and even death. Influenza vaccines are widely used in order to protect an individual against infection by influenza viruses which are also known as flu shots or flu jabs. These vaccines act by developing antibodies that provide protection against circulating influenza virus infections.
Several factors such as increasing incidences of influenza worldwide coupled with the recent COVID-19 outbreak have supported the industry growth. For instance, as per the various research, the risk of severe Covid-19 effects may reduce post vaccination against Influenza. Due to this fact, the demand for influenza vaccines has witnessed significant growth during the year 2020-2021. According to the Centers for Disease Control and Prevention (CDC) tracking of flu vaccine distribution, as of December 2020, in the 2020-2021 flu season, 189.4 million influenza vaccines have been distributed in the U.S., compared to 174 million in the 2019-2020 season. Such factors would, in turn, support the overall industry growth to a great extent. On the flip side, high development costs and side effects are expected to hamper the influenza vaccine market growth over the study period.
The global seasonal influenza vaccine market is broadly divided into product types, sectors, and end-user segments. Under the product types segment, the industry is categorized into quadrivalent and trivalent vaccine types. The trivalent segment is projected to grow at a promising growth rate. A trivalent flu shot is prepared using an adjuvant which is an ingredient helping to make a stronger immune response to vaccination.
On the basis of regional analysis, the Seasonal Influenza Vaccine market is classified into North America, Europe, Asia-Pacific, Russia & CIS, Middle East, And Africa, and Latin America. Globally, developed regions such as North America and Europe are capturing lion’s share. Whereas, Asia Pacific region is growing at the fastest growth rate during the study period. The market of seasonal influenza vaccines in the Japan, China, and India is anticipated to grow at a considerable CAGR owing to the large population base coupled with the growing awareness level.
Browse the full report “Seasonal Influenza Vaccine Market By Product Type (Quadrivalent, and Trivalent), By Sector (Public, and Private), End-User / Sales Channel (Hospitals, Government Suppliers, and Others): Global & Regional Industry Perspective, Comprehensive Analysis, Historical Trends, and Forecasts, 2021 – 2030” at https://www.fnfresearch.com/seasonal-influenza-vaccine-market
Top Market Players
Key players namely Biodiem, AstraZeneca, Emergent BioSolutions, CSL Limited, Gamma Vaccines, F. Hoffmann-La Roche Ltd, Merck, Novartis, Pfizer, Sanofi, GlaxoSmithKline, Abbott, Sinovac, Hualan, Serum Institute of India, Mitsubishi Tanabe Pharma, and Mylan are operating in this market.
The worldwide seasonal influenza vaccine market is highly consolidated with the presence of small-scale and large-scale players. Sanofi, GSK, and CSL Limited are the top three players operating in this market, collectively accounting for more than 85% share of the worldwide market.
This report segments the global Seasonal Influenza Vaccine market as follows:
Global Seasonal Influenza Vaccine Market: By Product Type
Global Seasonal Influenza Vaccine Market: By Sector
Global Seasonal Influenza Vaccine Market: By End-User
Global Seasonal Influenza Vaccine Market: Regional Segmentation Analysis
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Facts & Factors
A 2108, Sargam,
Pune 411041, India
[187+ Pages Report] According to a Facts and Factors market research report, the global absence leave management software market is projected to reach USD 953.86 Million by 2026, from USD 513.99 Million in 2020, and is anticipated to register a CAGR of 9.3% between 2021 and 2026. Global Absence Leave Management Software Market: Overview Organizations use absence and leave management software to manage,plan, and track employee absences such as vacation, sick leave, and so on. Absence mana
Published Date : 24-Sep-2021 | | Category : Technology & Media | Pages : 187 | Format : Read more
[213+ Pages Report] According to a Facts and Factors market research report, the globalvideo content management system market is estimated at around USD 3.09 Billion in 2020 and is expected to reach around USD 6.8 Billion by 2026 along with a CAGR of around 14% from 2021 to 2026. Global Video Content Management System Market: Overview Businesses are continuously looking for new methods to develop fascinating, relevant content that will reach out to people in the ever-changing digital mark
Published Date : 24-Sep-2021 | | Category : Technology & Media | Pages : 213 | Format : Read more
[218+ Pages Report] According to a facts and factors market research report, the globalmetadata management tools market is valued at around USD 5.29 Billion in 2020; and expected to reach around USD 15.03 Billion by the end of 2026, increasing at a CAGR of around 19% from 2021 to 2026. Global Metadata Management Tools Market: Overview Metadata is information about other data that is summarised. Metadata adds information to data, making it easier to discover, use, and maintain. Metadata is
Published Date : 24-Sep-2021 | | Category : Technology & Media | Pages : 218 | Format : Read more