Discover trends, market shifts, and competitive outlooks for the influenza vaccines industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What is the Anticipated CAGR of the Influenza Vaccines Market, and What Factors Will Drive It?

The market size of influenza vaccines has experienced robust growth lately. It’s projected to expand from $7.35 billion in 2024 to $7.9 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. The previous growth can be traced back to readiness for a pandemic, public health campaigns, effectiveness research for vaccines, recommendations from healthcare professionals, and worldwide influenza surveillance.

In the coming years, the influenza vaccines market is projected to experience robust growth. The market size is forecasted to reach $11.02 billion by 2029, with a compound annual growth rate (CAGR) of 8.7%. This growth during the estimated period is likely due to factors such as changes in climate and environment, betterment in healthcare accessibility, emergence of novel influenza variants, advancements in adjuvants and delivery systems, and an increase in healthcare spending. The forecast period may see a rise in trends such as the broader application of mrna vaccine technology, concentrated efforts on pediatric immunizations, measures to control seasonal influenza, improved vaccination rates in developing countries, and customized vaccination approaches.

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Which Factors and External Forces Are Driving Demand in the Influenza Vaccines Market?

The growth of the influenza vaccine market is anticipated to be driven by an increase in cases of seasonal flu. Seasonal influenza, a respiratory illness caused by influenza viruses, usually occurs at specific times of the year, mostly during colder months. This trend is attributed to a combination of factors including antigenic drift, susceptibility among the population, environmental conditions, insufficient vaccine distribution, and the absence of all-encompassing vaccination. Influenza vaccines play a crucial role in decreasing instances of seasonal flu by offering immunity against the prevalent virus strains. For instance, in November 2023, the US government agency, the Centers for Disease Control and Prevention (CDC), reported roughly 31 million cases of flu-related illnesses, 14 million associated medical visits, 360,000 hospitalizations due to the flu, and 21,000 flu-related deaths during the 2022-2023 flu season. Hence, the escalating occurrence of influenza seasons is fueling the expansion of the influenza vaccines market.

Which Segments in the Influenza Vaccines Offer the Most Growth?

The influenza vaccines market covered in this report is segmented –

1) By Vaccine Type: Inactivated, Live Attenuated

2) By Valency: Quadrivalent, Trivalent

3) By Route Of Administration: Injection, Nasal Spray

4) By Age Group: Pediatric, Adult

5) By Distribution Channel: Hospitals And Pharmacies, Government And Institutional Supply, Other Distribution Channels

Subsegments:

1) By Inactivated: Trivalent Inactivated Vaccines (TIV), Quadrivalent Inactivated Vaccines (QIV)

2) By Live Attenuated: Live Attenuated Influenza Vaccines (LAIV), Quadrivalent Live Attenuated Influenza Vaccines (QLAIV)

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What Are the Fastest-Growing Geographies in the #Which Factors and External Forces Are Driving Demand in the Influenza Vaccines Market?# Market?

North America was the largest region in the influenza vaccines market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the influenza vaccines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which Cutting-Edge Market Trends Are Expected to Drive theInfluenza Vaccines Market’s Growth?

The rise in sophisticated vaccine production technology is becoming a pivotal trend in the influenza vaccine industry. Businesses in this sector are increasingly leveraging these advanced processes to maintain their market stance. For example, GlaxoSmithKline PLC., a British pharmaceutical and biotech firm, rolled out a Multi Antigen Presenting System (MAPS) for vaccine creation in January 2023. This cutting-edge approach offers a fresh perspective on generating potent vaccines against bacterial and viral threats. Importantly, this technology accelerates the development of vaccines, proving essential in the event of an epidemic or pandemic outbreak.

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What Are the Key Elements That Define the Influenza Vaccines Market?

Influenza vaccines refer to flu vaccines designed to provide immunity against influenza viruses. These are quadrivalent vaccines, designed to protect against four different flu viruses, including two influenza A viruses and two influenza B viruses.

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