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Influenza Vaccines Market to Find Better Growth with US$ 6.0 Billion By 2025 – Finds, Coherent Market Insights

September 2nd, 2020 Coherent Market Insights Releases

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Global Influenza Vaccines Market, by Vaccine Type (Trivalent Vaccines and Quadrivalent Vaccines), by Virus Type (Influenza Virus A and Influenza Virus B), by Age Group (Pediatrics and Adults), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 3,991.4 million in 2017, and is expected to exhibit a CAGR of 4.4% over the forecast period (2018-2026).

Get FREE Sample PDF (Including COVID-19 Impact Analysis, Full TOC, Tables, and Figures) of Influenza Vaccines, https://www.coherentmarketinsights.com/insight/request-sample/1705

The rising number of pipeline products to come up with new vaccine product, as a part of key organic strategies by market players, coupled with increasing number of regulatory approvals for vaccines are expected to drive the market growth over the forecast period. For instance, Seqirus’s FLAUD, first and only adjuvant-based trivalent influenza vaccine, received the MHRA approval against influenza virus in older aged people (adults aged 65 and above), in 2017. Moreover, in 2017, Seqirus entered in the U.S. market with its influenza vaccine portfolio, with over 50 million doses for protection against seasonal influenza of 2017-2018. The portfolio includes FLAUD, FLUCELVAX QUADRIVALENT, AFLURIA QUADRIVALENT, AFLURIA, and FLUVIRIN.

Furthermore, in 2017, FluGen, Inc., received US$ 14.4 million by Department of Defense for evaluating Universal Flu Vaccine, RedeeFlu, of Mismatched Strains. Additionally, Novavax initiated phase1/2 clinical trials for nanoparticle seasonal influenza vaccine in older adults, in September 2017. In addition, in April 2018, BiodVax Pharmaceuticals LTD., started enrollment of patients for phase 2 clinical trials for universal flu vaccine candidate, M-001.

Browse Market Data 32 Tables and 30 Figures spread through 150 Pages and in-depth TOC on “Influenza Vaccines Market, by Vaccine Type (Trivalent Vaccines and Quadrivalent Vaccines), by Virus Type (Influenza Virus A and Influenza Virus B), by Age Group (Pediatrics and Adults), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Global Forecast to 2026”

To know the latest trends and insights related to Influenza Vaccines market Press Release, click the link below: https://bit.ly/2EYDfdS

The increasing prevalence of seasonal influenza in pediatric population is expected to propel demand new vaccines. For instance, influenza is estimated to infect 5% and 10% of adults and 20 to 30% of children. Moreover, companies are engaged in developing vaccines through innovative technologies such as egg-based, cell-based, and recombinant-based product for reducing the gap between demand and supply. Furthermore, rising awareness and initiatives to increase the vaccine coverage are expected to drive the market growth. For instance, the 2017-2018 recommendations guidelines by the Advisory Committee on Immunization Practices (ACIP) states that routine annual influenza vaccination for everyone aged older than 6 months.

However, high cost of vaccine development is the factor that is expected to hinder growth of the market over the forecast period.

Key takeaways of the Influenza Vaccines Market:

  • The global influenza vaccines market is expected to exhibit a CAGR of 4.4% over the forecast period (2018-2026), attributing to increasing R&D activities of market players
  • Among vaccine type, trivalent vaccine is expected to hold a dominant position in the market over the forecast period, owing to more number of products
  • Among virus type, influenza A virus segment is expected to be predominant over the forecast period, owing to increasing prevalence of type A-based infections
  • Pediatric being more susceptible to influenza virus is expected to dominate age group segment, over the forecast period

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Key players operating in the global influenza vaccines market include Seqirus Vaccines Limited, and GlaxoSmithKline plc.

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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