Influenza Medications Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 5.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Influenza Medications Market Analysis
Influenza has been recognised as a crucial cause of morbidity and mortality in the human population, which is leading to the development of novel drugs that are intended for reducing consequent health and economic impacts. Increasing prevalence of influenza and growth in research funding for the development of new Medications are the major factors driving the global influenza Medications market.
According to the WHO, in 2018, influenza can cause severe sickness or death mainly in patients at a high risk and illness range from mild to severe and even death. In addition, this annual increase is projected to result in about 3-5 million cases of severe illness, and about 290,000-650,000 deaths, globally.
Additionally, the growing number of government initiatives to increase awareness about the Medications and prevention of influenza. presence of Strong Pipeline for Antiviral Drugs is the other factors that are propelling the growth of the market globally.
However, high costs and side effects associated with the influenza medications are likely to hamper the growth of the market.
Influenza Medications Market Trends
This section covers the major market trends shaping the Influenza Medications Market according to our research experts:
Vaccines segment Holds Significant Share in Influenza Medications Market
- Inactivate virus vaccines are more commonly used than live virus vaccines. In recent years, a significant advancement has been made in understanding the influenza virus, however, a little success has been achieved in understanding the prevention and control mechanism by the human immune system.
- To narrow the gap between understanding, the Human Vaccines Project has initiated the Universal Influenza Vaccine Initiative (UIVI) in collaboration with academic, corporate, nonprofit, and government partners. Also, biomedical and bioinformatics researchers are significantly contributing in the accelerating the development of a universal influenza vaccine.For instance, in July 2018, Sanofi Pasteur, the vaccine division of Sanofi, has launched 4-strain influenza vaccine FluQuadri in India.
- The past two years reported high dominance of Influenza A(H3N2), followed by influenza A(H1N1)pdm09 virus and influenza B viruses. In some cases, the disease is causing organism changes each year, which requires annual immunization against new circulating strains.
- With one major challenge to reduce the transmissibility of influenza viruses, there are several new vaccine strategies and platforms develop each year, which constantly push the growth of the Influenza Medications market.
North America dominate the Global Influenza Medications Market
- The United States and Canada in North America has a better healthcare system, and government organisations are actively focusing on the improvement of health in the country.
- With increasing influenza-associated hospitalisation and paediatric deaths, and the interest of government organisations to better manage the disease, influenza Medications market is expected to grow in the future in the North America region.
- The Center for Disease Control and Prevention (CDC) is creating a weekly US Influenza surveillance report, in which, weekly data is collected from various laboratories. Data for the week ending on July 21, 2018, states that 5.2% of deaths that occurred during the week were due to influenza. In addition, the number of influenza-associated paediatric deaths, as recorded by CDC, for year 2017-2018 was 179. This indicates that influenza-associated mortality rates are quite high in the United States.
- Additionally, frequent product launches in the region is also driving the Influenza Medications market growth in the North America region. For instance, in February 2018, Lupin has launched generic Oseltamivir Phosphate capsules in the US market its, used for Medications of influenza.
Influenza Medications Industry Overview
In Influenza Medications market major players are focused on expanding their business in different areas by adopting various market strategies such as partnerships, collaborations, acquisitions and mergers etc. Key developments in the market include US Food and Drug Administration (FDA) has approved a supplemental New Drug Application (sNDA) for Roche's XofluzaTM (baloxavir marboxil) for the Medications of acute, uncomplicated influenza, or flu in OCT 2019.
Influenza Medications Market Leaders
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Sanofi
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GlaxoSmithKline plc
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F. Hoffmann-La Roche Ltd.(Genentech USA, Inc.)
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Seqirus
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NATCO Pharma Limited
*Disclaimer: Major Players sorted in no particular order
Influenza Medications Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Rising Incedence and Prevalence of Influenza
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4.2.2 Increasing R&D Initiatives in Development of Novel and Advanced Drugs for the Treatment of Influenza
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4.3 Market Restraints
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4.3.1 High cost of Drug Development
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4.3.2 Side effects Asoociated with Antiviral Therapy
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Antiviral Drugs
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5.1.2 Antihistamines
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5.1.3 Vaccines
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5.1.4 Other
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5.2 By Distribution Channel
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5.2.1 Hospital Pharmacy
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5.2.2 Independent Pharmacy and Drug Store
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5.2.3 Online Pharmacy
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.2 Europe
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5.3.2.1 Germany
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5.3.2.2 United Kingdom
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5.3.2.3 France
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5.3.2.4 Italy
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5.3.2.5 Spain
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5.3.2.6 Rest of Europe
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5.3.3 Asia-Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 India
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5.3.3.4 Australia
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5.3.3.5 South Korea
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5.3.3.6 Rest of Asia-Pacific
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5.3.4 Middle East and Africa
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5.3.4.1 GCC
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5.3.4.2 South Africa
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5.3.4.3 Rest of Middle East and Africa
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5.3.5 South America
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5.3.5.1 Brazil
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5.3.5.2 Argentina
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5.3.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Biondvax
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6.1.2 Daiichi Sankyo Company
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6.1.3 F. Hoffmann-La Roche Ltd.(Genentech USA, Inc.)
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6.1.4 GlaxoSmithKline
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6.1.5 Genentech USA, Inc.
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6.1.6 NATCO Pharma Limited
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6.1.7 Novartis AG
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6.1.8 Sanofi
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6.1.9 Seqirus
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Influenza Medications Industry Segmentation
Influenza, also known as flu, is a highly contagious infectious disease caused by a virus. This is an infection of the respiratory passages, which causes fever and severe aches.
| By Type | |
| Antiviral Drugs | |
| Antihistamines | |
| Vaccines | |
| Other |
| By Distribution Channel | |
| Hospital Pharmacy | |
| Independent Pharmacy and Drug Store | |
| Online Pharmacy |
| Geography | ||||||||
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Influenza Medications Market Research FAQs
What is the current Influenza Medications Market size?
The Influenza Medications Market is projected to register a CAGR of 5.30% during the forecast period (2024-2029)
Who are the key players in Influenza Medications Market?
Sanofi , GlaxoSmithKline plc, F. Hoffmann-La Roche Ltd.(Genentech USA, Inc.), Seqirus and NATCO Pharma Limited are the major companies operating in the Influenza Medications Market.
Which is the fastest growing region in Influenza Medications Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Influenza Medications Market?
In 2024, the North America accounts for the largest market share in Influenza Medications Market.
What years does this Influenza Medications Market cover?
The report covers the Influenza Medications Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Influenza Medications Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Influenza Medications Industry Report
Statistics for the 2024 Influenza Medications market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Influenza Medications analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
