Influenza Vaccine Market | COVID-19 Impact, Global Forecast To 2026

Fortune Business Insights Published “Influenza Vaccine Market” 2020 Size, Share Estimation, Growth Projection, Emerging Trends And Global Industry Analysis 2026 latest depth analysis market research report.

Report analyzes comprehensive information on Global Influenza Vaccine Market By Type (Inactivated and Live Attenuated), By Valency (Quadrivalent and Trivalent), By Age Group (Pediatric and Adults), By Distribution Channel (Hospital & Retail Pharmacies, Government Suppliers and Others) and Geography Forecast, 2019-2026.

Influenza Vaccine Key Companies Analyzed In Report are:

AstraZeneca, F. Hoffmann-La Roche Ltd, Sanofi, GlaxoSmithKline plc., Sinovac Biotech Ltd, CSL Limited, Emergent BioSolutions Inc., BioDiem.

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Global Influenza Vaccine Market Analysis:

The global influenza vaccines market size is slated to reach USD 7.34 billion by 2026, exhibiting a CAGR of 7.7% during the forecast period. Increasing prevalence of influenza worldwide will be the major driving force behind the growth of this market. According to the World Health Organization (WHO), around 3 to 5 million cases of influenza-based diseases are reported annually across the globe. This has spurred governments to take proactive measures to contain the spread of this deadly disease.

The global Influenza Vaccine market is projected to witness rapid growth in the coming years driven by the massive investments in product R&D. The recent coronavirus outbreak has brought major businesses to a standstill. Due to travel bans, companies in this sector are likely to take a huge hit in the coming years. Ultimately, the rapid spread of the disease has urged governments to take strict measures. The report includes the impact on Covid-19 pandemic on the global Influenza Vaccine market and discusses how major companies are coping with this.

Governments all around the world are increasingly focusing on initiating large-scale immunization drives to tackle influenza and related diseases, which is benefiting the flu vaccine market. These initiatives are receiving active support from international organizations such as the WHO. More importantly, these bodies are increasing their surveillance capacities to contain the spread of the disease and taking all measures necessary to prevent the outbreak of an epidemic.

Many organizations, such as the Bill and Melinda Gates Foundation, Centers for Disease Control and Prevention (CDC), and WHO Global Influenza Surveillance and Response System (GISRS), are also facilitating research through increased funding for the development of up-to-date vaccines. This is enabling governments to launch broad-based domestic immunization drives, which will play a central role in determining the Influenza Vaccine Market trends during the forecast period.

The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market. Furthermore, the report offers a detailed analysis and information as per Influenza Vaccine Market Analysis by manufacturers, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.

Influenza Vaccine Market Regional Insights:

Having generated a revenue of USD 1.98 billion in 2018, North America is expected to dominate the Influenza Vaccine Market share primarily owing to the utilization of advanced manufacturing systems and processes for vaccines. Besides this, rising incidence of influenza, well-funded vaccine research programs, and presence of big companies will further fuel the market in this region. Asia-Pacific will boast the highest growth rate among regions on account of fast-increasing population along with active government support for healthcare research will raise the demand for effective vaccines in the region. Lastly, increasing immunization rate, coupled with high awareness regarding vaccination, will drive the market in Europe.

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