The influenza vaccine market has been anticipated to expand at a noticeable pace in the foreseeable years. The noticeable growth in the industry has been attributed to the significant increase in the cases of influenza among the global population. As per the data provided by CDC (Centre for Disease Control), over 15% of the total population in the U.S. has been getting the infection from the virus of seasonal influenza on annual basis. In addition to this, the increasing prevalence of this injection further results in rising demand for the vaccination. These factors are estimated to contribute to revenue generation opportunities in the influenza vaccine market in the coming years.
Influenza is also addressed as flu and it is a common viral infection that put impacts the respiratory system. Type A, type B, and Type C are the three major influenza types that impact human beings. There is a fourth form of the virus that is addressed as Type D but it does not put any noticeable impact on humans. But this type D has the potential to impact humans.
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Influenza Vaccine Market – Key Trends
Governments around the world have been taking initiatives in order to promote the influenza vaccine administration. They are also pondering over the side effects that are associated with the respective vaccine. These factors are further estimated to serve as revenue generators in the influenza vaccine market. Along with this, the inclusion of the influenza vaccine and rising routine programs for vaccination in developing as well as developed nations are likely to increase sales avenues in the influenza vaccine market.
Joint pains, sore throat, feeling tired, coughing, headache, running nose, high fever, and sneezing are some common influenza symptoms. Vomiting and diarrhea are some additional symptoms that have been observed among kids. The effectiveness of the flu vaccines has been expected to create expansion opportunities in the influenza vaccine market.
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Influenza Vaccine Market – Regional Assessment
The influenza vaccine market has been classified into Europe, North America, Latin America, the Middle East & Africa, and Asia Pacific. North America has been projected to hold the leading position across market in the coming years. The dominance of the region in the market is attributed to the presence of key players in the respective area. In addition to this, advancements in the administration of the vaccines, rising government concentration on immunization programs, development of novel vaccines, and growing prevalence of seasonal influenza are also serving as significant revenue generators in the influenza vaccine market.
Europe and Asia Pacific regions are also estimated to grow at a noticeable speed in the market for influenza vaccines in the coming years. Increasing government concentration in the Asian countries to enhance healthcare facilities, rapid economic development, rising disposable income, government initiatives, and increasing incidence of seasonal influenza are some crucial factors that are likely to fuel revenue generation opportunities in the market.
Influenza Vaccine Market – Competitive Dynamics and Key Developments
On the basis of nature, the influenza vaccine market is highly fragmented. The key players operating in the market have been taking initiatives in order to bring novel growth opportunities along with growing concentration to adopt various strategies. Some of these market expansion strategies include expansion of company footprints around the world, product upgrades, portfolio diversion, mergers and acquisitions, novel product launching, and expansion of the service or product distribution network. Along with these initiatives, these industry players have also been investing increasingly in different R & D activities to bring technological advancements in the industry services.
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The key players in the influenza vaccine market are:
Sinovac Biotech Ltd.
Sanofi Pasteur SA
F. Hoffmann-La Roche Ltd
Merck & Co., Inc. (Merck Sharp & Dohme Corp.)
Gamma Vaccines Pty Ltd.
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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