October 21, 2021
According to the research report titled ‘Influenza Vaccines in the United States Market Size, Trends, Opportunities and Growth Potential’, available with MarketStudyReport, influenza vaccines in the United States market value is projected to increase significantly over 2019-2025.
Key factors contributing to the growth of influenza vaccines in the United States market are rising disease cognizance, approval and launch of new vaccines, and emphasis of government & advisory bodies on vaccination against the ailment, cites the report.
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Moreover, the surge in COVID-19 cases, introduction of quadrivalent influenza vaccines, and rising research & development activities are also adding to the product demand.
For the uninitiated, influenza vaccines, usually referred to as flu shots, are immunizations that protect against influenza virus infection. Influenza is infamous for disrupting healthcare system in the United States, as well as increasing mortality rate. Thus, demand for flu vaccines drives the need for innovative research and financing to collaborate to help capitalize on previously unexplored potential.
The influenza vaccines in the United States industry research also includes a detailed analysis of the number of children and adults in the country who were vaccinated from 2013 to 2018, as well as estimates until 2025. The study also entails latest information on influenza vaccine manufacturing, supply, and allocation by key US businesses.
Furthermore, the vertical’s regulatory framework has been methodically scrutinized in order to offer stakeholders a better understanding of the major aspects influencing the overall market forecast.
Coming to challenges, extended timelines, strict regulations, and expenses associated with vaccine research are anticipated to hinder the overall industry outlook. In addition, the virus strains are likely to change in unexpected ways, posing a threat to market growth and necessitating enhanced production procedures.