Influenza vaccine typically known as flu shot and is used for protection against influenza virus. An influenza vaccine is a combination of three viruses types namely, influenza type A with H3N2 virus strain, influenza type A with H1N1 virus strain and influenza type B virus strain. Influenza is a contagious respiratory illness caused by influenza viruses, which may cause mild to severe illness. Severity of the illness might land up to hospitalization or death. The risk of the serious flu complication is more in the age group such as older people, young children, and people with certain health conditions. It should be a habit to get vaccinated every year against this virus, as part of the best practice to avoid getting infected.
The categorization of this influenza virus is done into the mentioned categories, influenza A (H1N1) virus, an influenza A (H3N2) virus, and one or two influenza B viruses, depending on the flu vaccine. Patients show symptoms like chills, cough, sore throat, running nose, body aches, headache, fatigue, some cases people may have vomiting and diarrhea, this is commonly seen in children than adults. This flu is mostly spread through droplets from infected people, flu cough, sneeze or talks. A person’s eyes, mouth and nose are the entry channels through which the virus enters. Infection can be spread by most healthy adults beginning 1 day before symptoms develop and up to 5 to 7 days after becoming sick. Once a person is symptomatic to the virus until onset, the span is 1 to 4 days, with an average of 2 days. For children and people with weak immune system; they might infect others even for a longer period of time. The complication of virus may include bacterial pneumonia, ear infections, sinus infections, dehydration, and worsening of chronic medical conditions, such as congestive heart failure, asthma, or diabetes. Chronic medical condition may occur such as congestive heart failure, asthma, or diabetes.
The key drivers for seasonal influenza vaccines therapeutic market is increasing disease awareness on influenza caused by threat of pandemic influenza, wider vaccination coverage and rising government support for immunization against seasonal influenza. Also, the major market players have a great pipeline products, thus making a strong product portfolio.The major restrains of this market are variable demand, limited production capacity, a high level of required investment, and strict regulations present barriers to new entrants.
According to the patient population, preventive healthcare is better compared to curative healthcare; which had led to increased demand of vaccines in Asia-Pacific region. Asia-Pacific (APAC) region is an attractive market for seasonal influenza vaccine manufacturers. The seasonal influenza vaccine market in the APAC region is a fast growing market. This is due to increased vaccination coverage against seasonal influenza in the region. It is forecasted that the market can grow at a double digit of Compounded Annual Growth Rate (CAGR) of 9% during the period 2011–2018 from $1,015m in 2011 to $1,879m by 2018.
The R&D pipeline with phase II and phase III vaccines for the seasonal influenza is moderately strong with approximately 50% of the pipeline in the mentioned phases. The big shot vaccine manufacturers are focused upon acquiring new technologies and strengthening their presence in the market by collaborating with or acquiring small and medium sized biotech companies that have strong vaccine candidates in their pipeline. Various companies have their on-going activities for newer technological development and also for novel vaccines that can help the market to revolutionize.
The geographical market of seasonal influenza vaccines is spread across Japan, Australia, New Zealand, China, Taiwan, Philippines, Hong Kong, Malaysia, India and Singapore. The seasonal influenza vaccine market across the seven major markets (7MM) of the US, France, Germany, Italy, Spain, the UK, and Japan, was projected to rise from $3.1 billion in 2015 to $4.3 billion by 2025, at a compound annual growth rate of 3.3%.
Philippines’ seasonal influenza vaccine market is the most attractive for Asia-Pacific region both in terms of value and growth rate; other attractive markets in terms of growth rate are Malaysia and Singapore. Australia’s seasonal influenza vaccine market is one amongst the large sized attractive market forecast to grow at a healthy growth rate during the period 2011–2018
Top six players of influenza vaccine manufacturers occupy more than 75% of the total influenza vaccine market. GSK’s seasonal influenza vaccine brands like Fluarix & Flulava were one of the leading players in the market in 2010. The key players in this market include GlaxoSmithKline, Novartis, CSL, MedImmune, Sanofi-Pasteur, Solvay, Sinovac Biotech and Hualun Biologicals. Some of the other market players are ID Biomedical Corp. of Quebec (distributed by GlaxoSmithKline), Seqirus, Protein Sciences, MedImmune, etc.
Request to view Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-2498