Global Influenza Vaccine Market

Global Influenza Vaccine Market Size, Share, Growth Analysis, By Type(Inactivated, Live Attenuated), By Valency(Quadrivalent, Trivalent), By Age Group(Pediatric, Adults), By Distribution Channel(Hospital & Retail Pharmacies, Government) - Industry Forecast 2024-2031

Report ID: SQMIG35B2144 | Region: Global | Published Date: February, 2024
Pages: 200 | Tables: 114 | Figures: 77

Global Influenza Vaccine Market Competitive Landscape

Companies are trying to expand their product pipelines by submitting new molecule applications or expanding the application of current molecules. Other strategies, including as mergers and acquisitions, industry-academia partnership to commercialize more marketed molecules, or sequencing approaches, will also have an impact on current market trends. The research also outlines company-specific product development strategies, market consolidation initiatives, and analyses of their individual strengths, weaknesses, opportunities, and threats.

Sanofi, a global leader in the healthcare industry, dominates the influenza vaccine market. Sanofi has a comprehensive vaccine portfolio that includes quadrivalent and trivalent vaccines. By constantly upgrading its technologies, the company focuses on delivering effective vaccines. Other companies, such as CSL Limited, GlaxoSmithKline plc, and AstraZeneca, have effective products that are marketed globally. Furthermore, factors such as increasing efforts to reduce disease burden and rising vaccination rates are the primary focus of market participants.

Influenza Vaccine Market Top Players Company Profiles

  • Sanofi Pasteur
  • GlaxoSmithKline
  • Seqirus (a division of CSL Limited)
  • AstraZeneca
  • Pfizer
  • Merck & Co.
  • Johnson & Johnson
  • Novartis
  • Serum Institute of India
  • Daiichi Sankyo Company, Limited
  • Mitsubishi Tanabe Pharma Corporation
  • Sinovac Biotech Ltd.
  • Abbott Laboratories
  • Bavarian Nordic A/S
  • Hualan Biological Engineering Inc.
  • BiondVax Pharmaceuticals Ltd.
  • Medicago Inc.
  • Altimmune Inc.
  • Vaxart Inc.
  • Moderna Inc.

Influenza Vaccine Market

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Influenza Vaccine Market size was valued at USD 6.81 billion in 2019 and is poised to grow from USD 7.28 billion in 2023 to USD 12.37 billion by 2031, growing at a CAGR of 6.83% in the forecast period (2024-2031).

Companies are trying to expand their product pipelines by submitting new molecule applications or expanding the application of current molecules. Other strategies, including as mergers and acquisitions, industry-academia partnership to commercialize more marketed molecules, or sequencing approaches, will also have an impact on current market trends. The research also outlines company-specific product development strategies, market consolidation initiatives, and analyses of their individual strengths, weaknesses, opportunities, and threats. 'Sanofi Pasteur', 'GlaxoSmithKline', 'Seqirus (a division of CSL Limited)', 'AstraZeneca', 'Pfizer', 'Merck & Co.', 'Johnson & Johnson', 'Novartis', 'Serum Institute of India', 'Daiichi Sankyo Company, Limited', 'Mitsubishi Tanabe Pharma Corporation', 'Sinovac Biotech Ltd.', 'Abbott Laboratories', 'Bavarian Nordic A/S', 'Hualan Biological Engineering Inc.', 'BiondVax Pharmaceuticals Ltd.', 'Medicago Inc.', 'Altimmune Inc.', 'Vaxart Inc.', 'Moderna Inc.'

The increasing government support and surveillance for influenza vaccination is one of the critical and significant factors driving the global market. Surveillance at the national and global levels is required to monitor the supply, distribution, and administration of flu vaccines. WHO, in collaboration with other governments, constantly monitors demand and conducts immunization programmes around the world to reduce the vaccine's requirement in the region. For instance, in year 2021, the Australia government has already vaccinated approximately 5 million people through this immunization programme, and more than 20 million vaccines are still available.

The coronavirus pandemic had an unforeseen impact on routine immunization programmes and campaigns in both developing and developed countries. However, flu vaccination rates have increased significantly during the pandemic due to factors such as increased pressure from health experts/health departments, as well as the extension/expansion of various government programmes that provide free flu vaccination.

In 2021, North America dominated the influenza vaccine market and is anticipated to maintain its dominance throughout the forecast period. Rapid product launches, combined with technologically advanced vaccine manufacturing systems across the region, are expected to drive market growth in the region. Furthermore, rising influenza prevalence and high vaccine sales are expected to fuel market growth in North America. Furthermore, rising government funding, the presence of strong key players, and sophisticated vaccination centres and hospitals will all contribute to the market's stellar growth.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Global Influenza Vaccine Market

Report ID: UCMIG35B2116 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: Figures:

Antimicrobial Wound Care Dressings Market
Buy Now GET FREE SAMPLE
Global Influenza Vaccine Market

Report ID: UCMIG35B2203 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: Figures:

First Aid Market
Buy Now GET FREE SAMPLE
Global Influenza Vaccine Market

Report ID: SQMIG35B2140 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 96 | Figures: 77

Global Medical Imaging Market
Buy Now GET FREE SAMPLE
Global Influenza Vaccine Market

Report ID: UCMIG35B2065 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: Figures:

Prosthetic Heart Valves Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Influenza Vaccine Market

Product ID: SQMIG35B2144

$5,300
BUY NOW GET FREE SAMPLE