Tag: Influenza Vaccine Market

Rising Focus of Government on Immunization Programs to Accelerate the Development of Global Influenza Vaccine Market

Influenza is a viral infection of the respiratory system and is characterized by symptoms such as headache, muscle aches, congestion, fever, runny nose, and fatigue. It is majorly responsible for seasonal flu epidemics each year. It is a contagious infection, which is transmissible through the sneezing and coughing of an infected person. Vaccine serves as an effective method for the prevention of influenza. Additionally, several factors such as advancements in existing vaccines, development of new vaccines, minimal side effects, funding and investments by companies in R&D activities, and an increase in the government initiatives to ensure the well-being of the population are contributing to the further growth of the global influenza vaccine market.

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The availability of several influenza vaccines that have been prequalified by the WHO for purchase by the UN agencies is significantly contributing to the proliferation of the global influenza vaccine market. An increase in the routine immunization programs in the developed, as well as developing countries, is creating lucrative opportunities for the further progress of the global market.

Some of the key insights about the global influenza vaccine market are given below:

  • The global influenza vaccine market has five key regions viz. Latin America, North America, Europe, Middle East and Africa, and Asia Pacific that provide us with a better understanding of its working dynamics. Currently, the market is expected to be dominated by North America owing to several factors such as the advancements of vaccine administration, emergence of new vaccines, focus of government on immunization programs, and the prevalence of influenza in the region.

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  • The leading players in the global market for influenza vaccine are expected to witness strong competition in the coming years of the forecast period. Some of the leading brands in the global market include names such as AstraZeneca Plc, Biodiem, CSL Limited, F. Hoffman-La Roche Ltd, Emergent Biosolutions, Gamma Vaccines Pty Ltd, GlaxoSmithKline Plc., Merck & Co., Inc. (Merck Sharp & Dohme Corp), Pfizer, Inc., Novartis AG, Sanofi Pasteur SA, and Sinovac Biotech Ltd among others.

Influenza Vaccine Market to Witness Paced Growth with Advancements in Medical Testing Facilities

The heavy incidence of viral diseases, especially across developing regions, has driven demand within the global influenza vaccine market. The couth efforts of the medical fraternity to control common viruses and infections has aided market growth. Several medical researchers point to the difficulties, if not impossibilities, of eliminating viruses and infectious diseases. This assertion is suggestive of a regular inflow of revenues within the global influenza vaccine market. Furthermore, there is little contention about the deployment of high-end techniques to study the nature of influenza virus. Considering the factors stated above, it is safe to expect the inflow of fresh revenues into the global influenza vaccine market.

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In this blog on the global influenza vaccine market, several trends and dynamics related to the healthcare industry have been enunciated.

High Incidence of Viral Infections

The growing incidence of viral infections such as influenza has enabled the inflow of fresh revenues into the market. Besides, the contagious nature of influenza vaccine has raised several concerns across the medical industry. Medical practitioners acknowledge the need to expedite treatment of influenza in order to prevent its outbreak. New lines of vaccination have come to the fore in recent times, creating inlets for growth across the market. The leading providers of healthcare have made concerted efforts to inform and educate people about the impacts of viral diseases.

Availability of Improved Testing Facilities

In rare case, presence of influenza needs to be testified via lab tests and diagnostic lines. Henceforth, availability of high-end facilities for diagnosis has propelled demand within the global influenza vaccine market. In severe cases, influenza can have fatal consequences, especially for high-risk groups. This is the most important factor that has led to investment in research related to influenza vaccine. The next decade shall witness the emergence of new treatment lines for influenza.

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