Influenza Vaccines Market
Pharmaceuticals

Influenza Vaccines Market Leads to with CAGR of 7.4% from 2022 to 2028.

Influenza virus causes flu which is a contagious respiratory illness that infects nose, throat and lungs. It can mild or severe and sometimes may lead to death. Flu vaccination every year can help in preventing flu. However, this can be deadly, especially in high-risk groups. Aged population, pregnant women and people with one or more chronic disease or with weak immune systems are at high risk. Influenza vaccines/flu shots protect against the four influenza viruses’ subtypes that are most common. Most of the influenza vaccines are “flu shots” given with a needle, usually in the arm, but nasal spray flu vaccine are also available.

Sanofi and SEQIRUS – Notable Market Players in Influenza Vaccines Market      

Key factors that are driving the growth of this market are the increase in government support to promote influenza vaccination and increasing investment by top market players and governments are expected to drive the market during the forecast period. However, high cost of vaccine development hampers the influenza vaccines market growth.

The influenza vaccines market is majorly comprised of top players involving Moderna, Inc.; SEQIRUS; Sanofi; GlasoSmithKline plc; Hualan Biological Engineering Inc.; Emergent Biosolutions Inc.; Mitsubishi Chemical Group Corporation; Serum Institute of India Pvt. Ltd; Mylan N. V.; and AstraZeneca among others.

The companies listed above are implementing various strategies such as product launches, acquisitions, mergers, and partnerships, which have resulted in the company’s growth and, in turn, have brought about various changes in the worldwide market. Additionally, the companies have adopted several inorganic and organic strategies for accelerating their growth and improving their market position.

Below is the list of the growth strategies done by the players operating in the influenza vaccines market:

Year News
July -2022 The US Food and Drug Administration (FDA) approved Sanofi’s licensure request for vaccine approval for the upcoming 2022-2023 flu season, including Fluzone High-Dose Quadrivalent (Influenza Vaccine), Flublok Quadrivalent (Influenza Vaccine), and Fluzone Quadrivalent (Influenza Vaccine). This approval comes on the heels of the CDC’s Advisory Committee on Immunization Practices (ACIP) preferential recommendation for adults 65+ including Fluzone High-Dose Quadrivalent and Flublok Quadrivalent.
June -2022 Moderna, Inc. announced the first participants had been dosed in a Phase 3 study of the Company’s seasonal influenza vaccine candidate (mRNA-1010). The trial is expected to enroll approximately 6,000 adults in Southern Hemisphere countries.
March-2022

 

Seqirus confirmed that its cell-based seasonal influenza vaccine, Flucelvax Quad [quadrivalent influenza vaccine (surface antigen, inactivated, prepared in cell cultures)] has been approved by the Therapeutic Goods Administration (TGA) for children aged two years and older. The four-strain vaccine is the first and only cell-based influenza vaccine available in Australia, approved by the TGA for use in adults and children two years of age and older.
July -2022 GSK announced an agreement with the Government of Canada for pandemic and seasonal influenza vaccines to help protect Canadian adults and children. The four-year agreement, spanning through March 2026, includes the supply of as many as 80 million doses of Arepanrix (adjuvanted pandemic influenza vaccine) in the event of an influenza pandemic(s) and a minimum of 4 million doses per year of Flulaval Tetra (seasonal influenza vaccine).
October-2022 Interim results from the first co-administration descriptive study of Sanofi’s Fluzone High-Dose Quadrivalent vaccine with Moderna’s COVID-19 mRNA investigational booster dose show that the administration of the vaccines at the same visit had similar immunogenicity responses and a similar safety and tolerability profile compared to each vaccine administered individually.