Seasonal Influenza Vaccine Market By Type (Inactivated &Live Attenuated), Vaccine Type (Quadrivalent, Trivalent), Valency (Quadrivalent, Trivalent) Route of Administration (Injection, Nasal Spray) Age Group (Pediatric and Adults), Distribution Channel (Hospital & Retail Pharmacies, Government & Inst

Seasonal Influenza Vaccine Market Valuation-2024-2031

The demand for influenza vaccines is expected to increase in response to the rising number of influenza cases reported globally, fueling the market’s expansion. The market for influenza vaccines is anticipated to expand quickly on a global scale over the next years. This can be attributed to the growth in elderly population, awareness, and government vaccination campaigns, as well as a rise in frequency of the flu. The seasonal influenza vaccine market was valued at around USD 7.97 Billion in 2023 and projected to reach USD 16.59 Billion valued in 2031.

It is anticipated that an increase in collaborations between industry participants and governments to guarantee the availability of flu shots, like the swine flu vaccine, in isolated regions will quicken market growth. It enables the market to grow at a CAGR of 8.2% from 2024-2031.

Seasonal Influenza Vaccine MarketDefinition/ Overview

Influenza Vaccine is also known as flu shots. This vaccines protect against infection.  It affects the respiratory system and causes symptoms such as headaches, lethargy, runny nose, fever, muscular aches, and congestion. Infection that spreads quickly through an infected person’s cough and sneezes and can cause mild to severe illness.

The economic activity related to the diagnosis, treatment, and prevention of seasonal influenza, a recurrent respiratory ailment brought on by influenza viruses, is referred to as the seasonal influenza market.

The disease in the current market environment, the World Health Organization (WHO), the Centers for Disease Control and Prevention (CDC), and other governmental agencies prescribe a number of licensed seasonal influenza vaccines. Moreover, the WHO has started the Global Influenza Program and GISRS, which work along with other organizations to monitor influenza activity worldwide.

Furthermore, increase of the influenza vaccine market is attributed to the growth of routine vaccination programs with government initiatives and inclusion of influenza vaccinations in these programs in both developed and developing nations. The study on the global influenza vaccine market offers a comprehensive analysis of the industry.

What are the Key Variables Factors for Seasonal Influenza Vaccines to Protect Agent Influence Disease?

The increasing population globally according to , sessional influenza vaccines are

elevated risk complications to the group of pregnant women, children at the age of 6-59 months, old peoples, are getting licensed vaccines available including healthcare workers.

Most effective way to protect agent influenza disease by using reliable immunizations that have been in use for more than 60 years. An annual vaccination is advised to guard against influenza as the virus is ever-evolving and changing to protect it eroding.

The increasing awareness and vaccination programs about influenza is leading to higher vaccination rates and market growth. The growing burden of influenza-related illness, coupled with the potential for severe outbreaks or pandemics, has fueled demand for seasonal influenza vaccines as a preventive measure.

Advancements in vaccine technology, such as cell-based and recombinant methods, have improved the efficiency, safety, and effectiveness of these vaccines. International organizations like the World Health Organization and Centers for Disease Control and Prevention advocate for seasonal influenza vaccination as a preventive strategy to reduce disease transmission and protect vulnerable populations.

Global immunization initiatives, including vaccination campaigns in low- and middle-income countries, contribute to market growth by expanding access to influenza vaccines worldwide. Demand from healthcare providers and institutions, coupled with recommendations for annual vaccination, drives market growth as more individuals seek vaccination services during the influenza season. The COVID-19 pandemic has highlighted the importance of effective vaccination strategies against respiratory viruses like influenza, with governments, healthcare agencies, and pharmaceutical companies prioritizing research, development, and distribution of influenza vaccines.

Major healthcare companies are investing a great deal of effort and money into developing vaccines as cutting-edge treatments. As an illustration, in August 2021, Seqirus invested in the future influenza vaccine technology of self-amplifying mRNA.

 What are the Side Effects of the Seasonal Influenza Vaccines?

The demand for influenza vaccines ongoing in research and development to enhance durability, efficacy, and address adverse effect issues. In additionally realizing the market potential is essential to provide accessibility and affordability across every region.

Any vaccines contain a number of side effects that can affect the body in many ways, including rashes, fever, pain, soreness, chills, and many more that limit the market’s ability to grow. In rural areas there is a shortage of education and experience. Due to that children’s are not vaccinated increasing the risk of contracting the viral flu from an early age. Public awareness or the trust about the vaccination can hinder the market growth because of negative publicity surrounding.

The advantages of getting vaccinated against seasonal influenza outweigh the dangers. The market may overcome this constraint and guarantee broader influenza vaccine use by skillfully resolving concerns and promoting vaccine safety. The virus reduce the vaccine effectiveness to the prevalent strain predicated for every season, which makes limitation of vaccines.

According to the , comparing the COVID-19 vaccine and seasonal influenza vaccine they may contain limited fraction of critical cases or morality rate. The seasonal influenza vaccine can transfer faster than the COVID-19.

 Category-Wise Acumens

What Kind of Effectiveness Offered by Inactive Product to Contribute to Leading Position in Seasonal Influenza Vaccines Market?

As industry estimates the inactivated category will control the majority of the market in 2023. Industrialists’ increasing focus on vaccines is driving a demand for inactivated vaccines in both developed and developing nations, as they are standardized based on specific virus strains. The greatest CAGR of the category over the projection period is primarily owing to the rising demand and high influenza prevalence.

There are ample evidence of their efficacy. Inactive Influenza Vaccines (IIVs) have a lengthy history building market demand, developing confidence, and offering significant protection against seasonal influenza viruses. When the circulating strains of the virus match the vaccination, they induce developed protection by targeting specific influenza antigens.

The safety profile of IIVs is very good. They are suitable for a wide spectrum of people and have moderate, transient negative effects.

Live attenuated category is expected to expand more slowly because of the many obstacles that companies must overcome to develop and approve vaccines. Furthermore, certain patients such as those with weak immune systems, asthma, and pregnant women should not receive the live attenuated vaccination.

How the Adoption of Seasonal Influenza Vaccines is Increasing in the Adults?

The majority of the market for seasonal influenza vaccinations is occupied by adults. Individuals with pre-existing medical disorders are more susceptible to serious influenza-related consequences, such as hospitalization and maybe fatality. The need for adult vaccinations is fueled by the necessity of vaccination for their protection. This is further supported by public health recommendations, which strongly advise high-risk persons to have an annual influenza vaccination.

The adult age group held a major share of the worldwide influenza vaccine market in terms of market share in 2022. There are significantly more adults than children in the population. The World Population Review of 2020 estimates that there were around 46 Billion adults over the age of 18, and approximately 1.2 Billion children between the ages of 12 and 18.

Furthermore, fewer influenza vaccinations are available for children than for adults. For example, the first COVID-19 vaccine approved in the United States was the Pfizer-BioNTech vaccine, and it was only approved for use in adults 16 years of age and older. As a result, adults are more likely than younger people to receive vaccinations.

Gain Access into Seasonal Influenza Vaccines Market Report Methodology

Country/Region-wise Acumens

Does North America Hold Highest Market Share in the Seasonal Influenza Vaccines Market?

During, the projected period North America is anticipated to hold the highest market share. This has been brought to increased public awareness of influenza infections and the treatments that are available, government education initiatives and the development of new vaccines made possible by technological developments.

The existence of significant market players in the area and their substantial R&D spending are further factors contributing to the industry’s growth. The influenza pandemic has become more often in North America, boosting the growth of seasonal influenza vaccine market.

The biggest markets for seasonal influenza vaccinations is North America. The high rate of flu in the area and the well-established healthcare system are the main drivers of the market. Children’s at the age of six months and older should get the flu shot every year, according to the Centers for Disease Control and Prevention (CDC). The influenza vaccine market in North America is also being driven by a rise in awareness of the value of vaccination.

How will Seasonal Influenza Vaccine Market Fare in Asia Pacific?

The Asia Pacific area is turning into the global influenza vaccine market with the fastest rate of growth. Some of the main reasons propelling market expansion are governments’ increased attention on immunization programs, growing per capita healthcare expenditures, and expanding healthcare infrastructure.

Whereas China, India, and Japan are leading the way in public health awareness campaigns because of their sizable populations and public health organizations’ activities. Asia has experienced in sales of vaccines as a result of changing lifestyles and an increase in influenza-related diseases in recent years.

It is expected that Asia Pacific would have a higher CAGR over the projection period. The region’s market is expected to develop as a result of the growing number of government activities to distribute these vaccines and raise awareness about influenza.

Competitive Landscape

The competitive landscape of the seasonal influenza vaccine market is characterized by several key players and factors that influence market dynamics, innovation, and strategic initiatives. These players completely based on Product portfolio, business segment, business strategies and recent development.

Some of the prominent players operating in the seasonal influenza vaccine market include

• Sanofi
• Merck & Co
• Novartis
• GlaxoSmithKline
• Changsheng
• Bio-Technology Co., Ltd.
• OSIVAX
• Abbott Laboratories
• Aleph Biomedical.
• AstraZeneca
• SINOVAC
• Vietris Inc.
• BIKEN Co., Ltd
• GSK plc
• Pfizer Inc.
• Vaxess Technologies Inc.
• EMERGEX VACCINES

Latest Developments

• In October 2023, the outcomes of Moderna Inc.’s m-RNA-based vaccination for COVID-19 and influenza were revealed.
• In May 2023, GSK and CureVac launched the phase Ill influenza study for GSK’s mRNA-based vaccination.
• In September 2022, Pfizer Inc. declared that the company’s quadrivalent modified RNA influenza vaccine candidate has reached the first dose of participants in a pivotal phase 3 clinical study to assess the vaccine’s immunogenicity, safety, tolerability, and efficacy.
• In February 2021, Pfizer and BioNTech declared that the COVID-19 vaccine was approved for use in emergency situations in the United States. This approval represented a significant turning point in the global fight against COVID-19 and showed that pharmaceutical companies can quickly create and commercialize vaccines to prevent the spread of infectious illnesses.

Report Scope

Seasonal Influenza Vaccines Market, By Category

Type

• Inactivated
• Live Attenuated

Vaccine Type

• Quadrivalent
• Trivalent

Valency

• Quadrivalent
• Trivalent

Route of Administration

• Injection
• Nasal Spray

Age Group

• Pediatric
• Adults

Distribution Channel

• Hospital & Retail Pharmacies
• Government & Institutional Supply

Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Research Methodology of Market Research

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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