The global influenza vaccines market is projected to exceed US$ 9.5 Billion mark by 2027, and is presenting ample opportunities to the industry's players. Influenza viruses are considered as a major cause of morbidity and mortality worldwide. The vast population base together with significantly low vaccination coverage in emerging markets, introduction of new vaccines, rising government support for immunization and growing awareness of the value of influenza vaccine in preventing disease are the prominent factors that will drive the influenza vaccines market. However, shortage of vaccine supply due to genetic assortment of the viral strains is surging the need for updating vaccines each year by the manufacturers. This is a major factor restraining market growth.
Impact of COVID19 on Global Influenza Vaccines Market
The COVID-19 outbreak has become a global stress test. As the number of people infected with the virus continues to rise around the world, uncertainties about global economic growth increases. The COVID-19 disease has infected more than 188,085,671 people worldwide (as of July 13, 2021). Globally the death toll has surpassed 4,055,949, according to the latest statistics from the Worldometers (as of July 13, 2021). The number is still growing, and the duration of the pandemic is still difficult to predict. Because of the on-going COVID-19 pandemic, getting a flu vaccine will be more important than ever. Flu vaccines will not prevent COVID-19, but they will reduce the burden of flu illnesses, hospitalizations and deaths on the health care system and conserve scarce medical resources for the care of people with COVID-19. Thus, the demand for influenza vaccines is anticipated to increase during the forecast timeframe.
Regional Analysis - Influenza Vaccines Market and Forecast
- Geographically, North America is the largest market for influenza vaccines capturing over 52% market share in 2020.
- Asia is the second largest market for influenza vaccines.
- Europe is the third largest market for influenza vaccines, followed by Latin America.
- Australasia accounted for least share of the influenza vaccines market in 2020.
Country Analysis - Influenza Vaccines Market and Forecast
- On the basis of country, United States captures majority of the influenza vaccines market.
- Japan is the second largest market for influenza vaccines.
- China, Brazil, Canada and India are the third, fourth, fifth, and sixth leading market for influenza vaccines respectively.
- Germany, Mexico, Italy, South Korea, UK, France, Spain and Australia are the other leading market for influenza vaccines.
Company Analysis - Global Influenza Vaccines Market
- In 2020, GlaxoSmithKline plc influenza vaccines (Fluarix/FluLaval) sales were up 35% from previous year.
- In May 2016, the cell-based Flucelvax quadrivalent shot was approved by the FDA.
- For the 2020-21 flu season, AstraZeneca has increased production of vaccine doses by more than 150% over the previous season.
- In February 2021, GlaxoSmithKline plc and Vir Biotechnology, Inc., signed a binding agreement to expand their existing collaboration to include the research and development of new therapies for influenza and other respiratory viruses.
- In March 2021, Sanofi announced an investment of more than ?600 Million in a new vaccine manufacturing facility at its existing site in Toronto, Canada.
- In November 2020, Seqirus announced it plans to construct a new world-class biotech manufacturing facility in Australia to supply influenza vaccines to Australia and the rest of the world.
iGATE Research report titled "Global Influenza Vaccines Market, Persons Vaccinated, Impact of COVID-19, Company Analysis, Size, Share, Growth, Trends, Major Deals - Forecast to 2027" provides a comprehensive assessment of the fast-evolving, high-growth influenza vaccines market landscape.
This 322 Page report with 149 Figures and 13 Tables has been analyzed from 8 viewpoints:
1. Influenza Vaccines Market, Persons Vaccinated and Forecast (2011 - 2027)
2. Impact of COVID-19 on Global Influenza Vaccines Market
3. By Region - Influenza Vaccines Market, Persons Vaccinated and Forecast (2011 - 2027)
4. Country Wise Distribution - Influenza Vaccines Market, Persons Vaccinated and Forecast (2011 - 2027)
5. Influenza Vaccines Market - Key Company Analysis
6. Influenza Vaccines Market - Emerging Players Profile
7. Global Influenza Vaccines Market - Major Deals
8. Global Influenza Vaccines Market - Driving Factors and Challenges
Influenza Vaccines Market, Persons Vaccinated and Forecast - By Region
1. North America
2. Latin America
3. Europe
4. Asia
5. Australasia
Influenza Vaccines Market, Persons Vaccinated and Forecast - Country Wise Distribution (29 Countries Covered)
1. United States
2. Canada
3. Brazil
4. Mexico
5. Germany
6. France
7. Italy
8. Spain
9. United Kingdom
10. Netherlands
11. Ireland
12. Denmark
13. Luxembourg
14. Sweden
15. Finland
16. Belgium
17. Poland
18. Norway
19. Australia
20. New Zealand
21. Japan
22. China
23. India
24. South Korea
25. Singapore
26. Hong Kong
27. Malaysia
28. Thailand
29. Indonesia
Influenza Vaccines Market - Key Company Analysis
1. GlaxoSmithKline (GSK)
2. Sanofi Pasteur
3. Seqirus (CSL Limited)
4. Abbott
5. AstraZeneca
6. Gamma Vaccines Pty Ltd.
7. Hualan Biological Engineering Inc.
8. Mylan (Now Part of Viatris)
9. BioDiem
10. Shanghai Institute of Biological Products Co., Ltd.
Influenza Vaccines Market - Emerging Players Profile
1. Novavax
2. Medicago
3. Moderna Inc
4. Pneumagen
5. Daiichi-Sankyo
6. Altimmune
7. FluGen
8. Imutex
9. EpiVax
10. Versatope Therapeutics, Inc.
11. BiondVax Pharmaceuticals Ltd.
Data Sources
iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.
Research Methodologies
Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.
Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases
Table of Contents
1. Executive Summary
2. Impact of COVID-19 on Global Influenza Vaccines Market
3. Global - Influenza Vaccines Market Analysis and Forecast (2011 - 2027)
3.1 Global - Influenza Vaccines Market and Forecast
3.2 Global - Number of Persons Vaccinated with Influenza Vaccines and Forecast
4. Global - Influenza Vaccines Market Share Analysis and Forecast (2011 - 2027)
4.1 Influenza Vaccines Market Share and Forecast - Region Wise Analysis
4.2 Influenza Vaccines Market Share and Forecast - Country Wise Analysis
4.3 Persons Being Vaccinated with Influenza Vaccines Share and Forecast - Region Wise Analysis
4.4 Persons Being Vaccinated with Influenza Vaccines Share and Forecast - Country Wise Analysis
5. Influenza Vaccines Market, Persons Vaccinated and Forecast - By Region (2011 - 2027)
5.1 North America - Influenza Vaccines Market, Persons Vaccinated and Forecast
5.1.1 North America - Number of Persons Vaccinated with Influenza Vaccines and Forecast
5.1.2 North America - Influenza Vaccines Market and Forecast
5.2 Latin America - Influenza Vaccines Market, Persons Vaccinated and Forecast
5.2.1 Latin America - Number of Persons Vaccinated with Influenza Vaccines and Forecast
5.2.2 Latin America - Influenza Vaccines Market and Forecast
5.3 Europe - Influenza Vaccines Market, Persons Vaccinated and Forecast
5.3.1 Europe - Number of Persons Vaccinated with Influenza Vaccines and Forecast
5.3.2 Europe - Influenza Vaccines Market and Forecast
5.4 Asia - Influenza Vaccines Market, Persons Vaccinated and Forecast
5.4.1 Asia - Number of Persons Vaccinated with Influenza Vaccines and Forecast
5.4.2 Asia - Influenza Vaccines Market and Forecast
5.5 Australasia - Influenza Vaccines Market, Persons Vaccinated and Forecast
5.5.1 Australasia - Number of Persons Vaccinated with Influenza Vaccines and Forecast
5.5.2 Australasia - Influenza Vaccines Market and Forecast
6. Influenza Vaccines Market, Persons Vaccinated and Forecast - Country Wise Distribution (2011 - 2027)
6.1 United States - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.1.1 United States - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.1.2 United States - Influenza Vaccines Market and Forecast
6.2 Canada - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.2.1 Canada - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.2.2 Canada - Influenza Vaccines Market and Forecast
6.3 Brazil - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.3.1 Brazil - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.3.2 Brazil - Influenza Vaccines Market and Forecast
6.4 Mexico - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.4.1 Mexico - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.4.2 Mexico - Influenza Vaccines Market and Forecast
6.5 Germany - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.5.1 Germany - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.5.2 Germany - Influenza Vaccines Market and Forecast
6.6 France - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.6.1 France - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.6.2 France - Influenza Vaccines Market and Forecast
6.7 Italy - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.7.1 Italy - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.7.2 Italy - Influenza Vaccines Market and Forecast
6.8 Spain - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.8.1 Spain - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.8.2 Spain - Influenza Vaccines Market and Forecast
6.9 United Kingdom - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.9.1 United Kingdom - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.9.2 United Kingdom - Influenza Vaccines Market and Forecast
6.10 Netherlands - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.10.1 Netherlands - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.10.2 Netherlands - Influenza Vaccines Market and Forecast
6.11 Ireland - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.11.1 Ireland - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.11.2 Ireland - Influenza Vaccines Market and Forecast
6.12 Denmark - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.12.1 Denmark - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.12.2 Denmark - Influenza Vaccines Market and Forecast
6.13 Luxembourg - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.13.1 Luxembourg - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.13.2 Luxembourg - Influenza Vaccines Market and Forecast
6.14 Sweden - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.14.1 Sweden - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.14.2 Sweden - Influenza Vaccines Market and Forecast
6.15 Finland - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.15.1 Finland - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.15.2 Finland - Influenza Vaccines Market and Forecast
6.16 Belgium - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.16.1 Belgium - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.16.2 Belgium - Influenza Vaccines Market and Forecast
6.17 Poland - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.17.1 Poland - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.17.2 Poland - Influenza Vaccines Market and Forecast
6.18 Norway - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.18.1 Norway - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.18.2 Norway - Influenza Vaccines Market and Forecast
6.19 Australia - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.19.1 Australia - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.19.2 Australia - Influenza Vaccines Market and Forecast
6.20 New Zealand - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.20.1 New Zealand - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.20.2 New Zealand - Influenza Vaccines Market and Forecast
6.21 Japan - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.21.1 Japan - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.21.2 Japan - Influenza Vaccines Market and Forecast
6.22 China - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.22.1 China - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.22.2 China - Influenza Vaccines Market and Forecast
6.23 India - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.23.1 India - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.23.2 India - Influenza Vaccines Market and Forecast
6.24 South Korea - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.24.1 South Korea - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.24.2 South Korea - Influenza Vaccines Market and Forecast
6.25 Thailand - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.25.1 Thailand - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.25.2 Thailand - Influenza Vaccines Market and Forecast
6.26 Singapore - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.26.1 Singapore - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.26.2 Singapore - Influenza Vaccines Market and Forecast
6.27 Hong Kong - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.27.1 Hong Kong - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.27.2 Hong Kong - Influenza Vaccines Market and Forecast
6.28 Malaysia - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.28.1 Malaysia - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.28.2 Malaysia - Influenza Vaccines Market and Forecast
6.29 Indonesia - Influenza Vaccines Market, Persons Vaccinated and Forecast
6.29.1 Indonesia - Number of Persons Vaccinated with Influenza Vaccines and Forecast
6.29.2 Indonesia - Influenza Vaccines Market and Forecast
7. Global Influenza Vaccines Market - Key Company Analysis
7.1 GlaxoSmithKline (GSK)
7.1.1 Business Overview
7.1.2 Influenza Vaccines Portfolio
7.1.3 Global - GSK Influenza Vaccines Sales and Forecast (2007 - 2027)
7.1.4 Promising Influenza Vaccines in the Clinical Development
7.1.5 Recent Developments
7.2 Sanofi Pasteur
7.2.1 Business Overview
7.2.2 Influenza Vaccines Portfolio
7.2.3 Global - Sanofi Influenza Vaccines Sales and Forecast (2009 - 2027)
7.2.4 Promising Influenza Vaccines in the Clinical Development
7.2.5 Recent Developments
7.3 Seqirus (CSL Limited)
7.3.1 Business Overview
7.3.2 Influenza Vaccines Portfolio
7.3.3 Global - Seqirus Influenza Vaccines Sales and Forecast (2010 - 2027)
7.3.4 Promising Influenza Vaccines in the Clinical Development
7.3.5 Recent Developments
7.4 Global - Influvac (Acquired by Abbott) Sales (2007 - 2009)
7.5 AstraZeneca
7.5.1 Business Overview
7.5.2 Influenza Vaccines Portfolio
7.5.3 Global - AstraZeneca Influenza Vaccines Sales and Forecast (2007 - 2027)
7.6 Gamma Vaccines Pty Ltd.
7.6.1 Business Overview
7.6.2 Influenza Vaccines Portfolio
7.6.3 Recent Developments
7.7 Hualan Biological Engineering Inc.
7.7.1 Business Overview
7.7.2 Influenza Vaccines Portfolio
7.7.3 Recent Developments
7.8 Mylan (Now Part of Viatris)
7.8.1 Business Overview
7.8.2 Influenza Vaccines Portfolio
7.9 BioDiem
7.9.1 Business Overview
7.9.2 Influenza Vaccines Portfolio
7.9.3 Recent Developments
7.10 Shanghai Institute of Biological Products Co., Ltd.
7.10.1 Business Overview
7.10.2 Influenza Vaccines Portfolio
8. Global Influenza Vaccines Market - Emerging Players Profile
8.1 Novavax
8.1.1 Business Overview
8.1.2 Promising Influenza Vaccines in Clinical Development
8.1.3 Recent Developments
8.2 Medicago
8.2.1 Business Overview
8.2.2 Promising Influenza Vaccines in Clinical Development
8.2.3 Recent Developments
8.3 Moderna Inc
8.3.1 Business Overview
8.3.2 Promising Influenza Vaccines in Clinical Development
8.3.3 Recent Developments
8.4 Pneumagen
8.4.1 Business Overview
8.4.2 Promising Influenza Vaccines in Clinical Development
8.4.3 Recent Developments
8.5 Daiichi-Sankyo
8.5.1 Business Overview
8.5.2 Promising Influenza Vaccines in Clinical Development
8.5.3 Recent Developments
8.6 Altimmune
8.6.1 Business Overview
8.6.2 Promising Influenza Vaccines in Clinical Development
8.7 FluGen
8.7.1 Business Overview
8.7.2 Promising Influenza Vaccines in Clinical Development
8.7.3 Recent Developments
8.8 Imutex
8.8.1 Business Overview
8.8.2 Promising Influenza Vaccines in Clinical Development
8.8.3 Recent Developments
8.9 EpiVax
8.9.1 Business Overview
8.9.2 Promising Influenza Vaccines in Clinical Development
8.9.3 Recent Developments
8.10 Versatope Therapeutics, Inc.
8.10.1 Business Overview
8.10.2 Promising Influenza Vaccines in Clinical Development
8.10.3 Recent Developments
8.11 BiondVax Pharmaceuticals Ltd.
8.11.1 Business Overview
8.11.2 Promising Influenza Vaccines in Clinical Development
9. Influenza Vaccines Market - Major Deals
9.1 Mergers and Acquisitions
9.2 Licensing Agreements
9.3 Collaboration Agreements
10. Global Influenza Vaccines Market - Driving Factors
10.1 Transformation of Vaccine Technologies
10.2 Vaccines most Cost-Effective Means of Disease Prevention
10.3 Scientific & Technological Breakthroughs
10.4 Continuous Focus on Effective Communication Strategies
10.5 Rising incidence of pandemic events Increasing Awareness on Seasonal Influenza & Vaccination
11. Global Influenza Vaccines Market - Challenges
11.1 Complexity of Vaccine Development and Approval System Thwarts Product Development
11.1.1 Legal Obstacles
11.1.2 General Technical Barriers
11.1.3 Economic Barriers
11.1.4 Regulatory Barriers
11.2 Hurdles to Optimal use of Licensed Vaccines
11.2.1 Technical Obstacles
11.2.2 Economic obstacles
11.2.3 Cultural Obstacles
11.3 Barriers to New Entrants in the Vaccines Market
11.4 Reducing the Timeline for Vaccine Development
11.5 Challenges Faced by Healthcare Workers in Immunization
List of Tables:
Table 4-1: Region Wise - Influenza Vaccines Market Share (Percent), 2011 - 2020
Table 4-2: Region Wise - Forecast for Influenza Vaccines Market Share (Percent), 2021 - 2027
Table 4-3: Country Wise - Influenza Vaccines Market Share (Percent), 2011 - 2020
Table 4-4: Country Wise - Forecast for Influenza Vaccines Market Share (Percent), 2021 - 2027
Table 4-5: Region Wise - Persons Vaccinated with Influenza Vaccines Share (Percent), 2011 - 2020
Table 4-6: Region Wise - Forecast for Persons Vaccinated with Influenza Vaccines Share (Percent), 2021 - 2027
Table 4-7: Country Wise - Persons Vaccinated with Influenza Vaccines Share (Percent), 2011 - 2020
Table 4-8: Country Wise - Forecast for Persons Vaccinated with Influenza Vaccines Share (Percent), 2021 - 2027
Table 9-1: Global - Mergers and Acquisitions in Influenza Vaccines Market (Million US$), 2005 - 2017
Table 9-2: Global - Licensing Agreement in Influenza Vaccines Market (Million US$), 2007 - 2018
Table 9-3: Global - Collaboration Agreement in Influenza Vaccines Market (Million US$), 2019 - 2021
Table 10-1: Improvement Strategies or Requirements - the Joint Commission and the Project