29 August 2017
Visiongain’s new 147 page report Global Influenza Vaccines - World Industry Market Outlook 2017-2027; Forecasts for Trivalent Influenza Vaccines (TIV) & Quadrivalent Influenza Vaccines (QIV), Analysis of Pipeline Developments For Fluzone / VaxiGrip, Seqirus, Fluarix / FluLaval, FluMist / Fluenz, FluBlok and Other indicates that the influenza vaccines market will generate revenues of $4.97bn in 2017.
The study analyses events, prospects and sales opportunities shaping the development, production and marketing of influenza vaccines. That investigation shows multilevel revenue forecasting and qualitative assessments. The work also explores activities of companies providing these vaccines, assessing their potentials from 2016 onwards. This vaccines market holds many commercial opportunities from 2016, including rising sales in developed and emerging countries.
Visiongain predicts that the influenza vaccines market will continue to grow at a steady pace through 2017 – 2027. This growth is mainly driven by the ageing population globally and the increasing prevalence of chronic illness. Adding to this will be the growing demand from emerging markets as their economies prosper, their healthcare expenditures also rise.
The study shows how the market share for the various countries change due to political and economic structural changes, and also the emergence of new industry players. Further, the shifts in market share of the submarkets are also shown, shedding light on the future developments in the influenza vaccine technology. The study also includes the next major breakthrough that will transform the industry; the much awaited Universal Flu vaccine, which will provide immunity against all types of influenza viruses. A company that is currently developing this vaccine has also been interviewed in the report.
The pharmaceutical industry analyst at visiongain for this report said: “Prevalence of influenza rises globally. The most effective way to combat that widespread infection is through vaccination. As the world moves towards an ageing population, people’s susceptibility to influenza increases, raising demand for flu vaccines. Also improving healthcare systems, growing flu awareness and high birth rates in developing countries will fuel demand for existing and new influenza vaccines from 2017. The influenza vaccination industry thus holds great potential for progress and high sales. Vaccination is a stressful event, especially for children, and the company that can provide a uniquely non-stress vaccination will reap high rewards.
The influenza virus changes each year and new vaccines are required to maintain immunization against the infection. With this in mind, the influenza vaccine market can be assured of high demand. And the development of a universal influenza vaccine that provides protection against seasonal and pandemic strains of the virus could potentially transform the industry.”
Global Influenza Vaccines - World Industry Market Outlook 2017-2027; Forecasts for Trivalent Influenza Vaccines (TIV) & Quadrivalent Influenza Vaccines (QIV), Analysis of Pipeline Developments For Fluzone / VaxiGrip, Seqirus, Fluarix / FluLaval, FluMist / Fluenz, FluBlok and Other adds to visiongain’s reports on industries and markets in healthcare. That portfolio covers pharmaceuticals, medical devices, diagnostics and outsourced services, including contract research (CROs), manufacturing (CMOs) and selling (CSOs).
Notes for Editors
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For the companies operating in the global influenza vaccines market, there is an immense opportunity from emerging economies across the globe.
30 September 2020
Maintaining the quality and safety of the product in the supply chain has always been a high priority for pharmaceutical companies. New market dynamics including an evolving product line, more stringent regulations, geographically connected supply chains, rising risk, and extreme cost pressure have raised stakes significantly.
28 September 2020
The increasing rates of patent expiry lead to a counter-strategy of switching companies from Rx to OTC. In the US, according to the Consumer Healthcare Products Association, approximately 106 ingredients and dosage strengths have undergone a change from Rx to OTC to around 700 OTC products on the market.
23 September 2020
. The growth of this market is majorly driven by increasing sales of temperature sensitive pharmaceutical products, longer life expectancy and rising geriatric population are some of the prominent factors.