Seasonal Influenza Vaccines Therapeutics Market: Introduction
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 therapeutics market in the APAC region is a fast growing market.
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.
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Seasonal Influenza Vaccines Therapeutics Market: Dynamics
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.
Seasonal Influenza Vaccines Therapeutics Market: Regional Overview
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%.
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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.
Seasonal Influenza Vaccines Therapeutics Market: Top Players
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.
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Seasonal Influenza Vaccines Therapeutics Market: Key Segmentation
The major segmentation of the vaccine market can be done under three major headers mentioned as end users, treatment type and geographical segmentation.
Based on the end users, it can further sub-segmented as following:
- Paediatrics
- Adolescence
- Adults
- Elderly
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