The Global Influenza Vaccines Market, by Vaccine Type (Trivalent Vaccines and Quadrivalent Vaccines), by Virus Type (Influenza Virus A and Influenza Virus B), by Age Group (Pediatrics and Adults) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) estimated to be valued at US$ 3,991.4 billion in 2017, and is projected to exhibit a CAGR of 4.4% over the forecast period (2018 – 2026) as highlighted in a new report published by Coherent Market Insights.
Rising pipeline product to come up with new vaccine product as a part of key organic strategies by market players. For instance, 2017, Seqirus’s FLAUD, first and only adjuvant-based trivalent influenza vaccine, received MHRA approval against influenza virus in older aged people (adults aged 65 and above). In same year, Seqirus entered in the U.S market with its influenza vaccine portfolio, with over 50 million doses for protection against seasonal influenza of 2017-2018. The portfolio includes FLAUD, FLUCELVAX QUADRIVALENT, AFLURIA QUADRIVALENT, AFLURIA, and FLUVIRIN. Moreover, in 2017, FluGen, Inc., received US$ 14.4 million by Department of Defense for evaluating Universal Flu Vaccine, RedeeFlu, of Mismatched Strains. In Sep 2017, Novavax initiating phase1/2 clinical trials for nanoparticle seasonal influenza vaccine in older adults. In April 2018, BiodVax Pharmaceuticals LTD., started enrollment of patients for phase 2 clinical trials for universal flu vaccine candidate, M-001.
Browse Market Data 32 Tables and 30 Figures spread through 150 Pages and in-depth TOC on "Influenza Vaccines Market, by Vaccine Type (Trivalent Vaccines and Quadrivalent Vaccines), by Virus Type (Influenza Virus A and Influenza Virus B), by Age Group (Pediatrics and Adults) and by Region - Global Forecast to 2026”
To know the latest trends and insights related to Influenza Vaccines market, click the link below:
Increasing prevalence of seasonal influenza in pediatric population is propelling demands for development of new vaccines. Influenza is estimated to infect 5% and 10% of adults and 20 to 30% of children. Moreover, companies are engaged in producing vaccines through innovative technologies such as egg-based, cell-based, and recombinant-based product for reducing the gap between demand and supply. Furthermore, increasing awareness and initiatives to increase the vaccine coverage is helping in market growth. The 2017 – 2018 recommendations guidelines by the Advisory Committee on Immunization Practices (ACIP) mentions routine annual influenza vaccination for everyone aged older than 6 months. However, high cost of vaccine development is expected to hinder growth of the market over the forecast period.
Key takeaways of the Influenza Vaccines Market:
Some of the major players involved in global influenza vaccines market include Seqirus Vaccines Limited, GlaxoSmithKline plc
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Email: [email protected]etinsights.com
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.