According to the recent research report titled ‘Global Influenza Vaccine Market Size study, by Vaccine Type (Quadrivalent, Trivalent), by Type (Seasonal, Pandemic), by Technology (Egg-based, Cell-based), by Age Group ( Pediatric, Adult), by Route Of Administration (Injection, Nasal Spray) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global influenza vaccine market is expected to record considerable growth over 2021-2027.
 

Increasing government focus towards immunization programs and rising pervasiveness of influenza are the key factors propelling global influenza vaccine market growth, cites the study.
 

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For the unversed, influenza vaccinations contain three strains of influenza viruses namely influenza type A with the H1N1 virus, influenza type A with the H3N2 virus, and influenza type B with the H1N1 virus. The development of a innovative vaccines is a lengthy process that takes about 10-15 years to complete, including testing for safety and efficacy.
 

An increase in government support and monitoring of influenza vaccination on a national and global level to monitor the distribution, availability, and administration of flu vaccines is one of the important factors driving the market development. Moreover, increased investment by key market participants have enabled the development of therapeutically effective vaccines.
 

Although many companies are contributing to vaccine distribution, certain countries are suffering shortages and delays in vaccination approvals, and availability due to stringent requirements during clinical studies that extend vaccine delivery schedules.
 

Coming to factors restraining worldwide influenza vaccine industry expansion, hefty costs associated with the development of vaccines are likely to act as a major challenge for businesses in this domain. Besides, clinical trial regulatory restrictions vary by country, which delays vaccine development and hampers the industry progression.
 

Speaking of geographical ambit, North America currently holds considerable market share, creditable to rising pervasiveness of influenza.
 

On the other hand, Middle East & Africa industry is slated to grow substantially over the next six years, owing to rapid development of economic conditions, available disposable income, improvement in healthcare facilities, and rise in awareness program across the region.  
 

Key players operating in global influenza vaccine market sphere are Pfizer Inc., Novartis AG, Merck & Co. Inc. (Merck Sharp & Dohme Corp.), GlaxoSmithKline plc, Gamma Vaccines Pty Ltd., F. Hoffmann-La Roche Ltd., Emergent BioSolutions Inc., CSL Ltd., BioDiem, and AstraZeneca plc.