About Trivalent Flu Vaccine
The companies operated in this industry are exploring the market in various new regions by adopting strategic initiatives including join ventures, enhancement, investments, new product launches and partnerships as their strategies. Leading players are enhancing the market in new areas with the help of the expansions and acquisitions across the globe to avail competitive benefits through combined synergies.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The global trivalent flu vaccine market is moderately competitive and having of some leading players. In concern of the vendor’s share, some of the leading players are highly dominating the global market. These market players are focusing on strategic collaborative initiatives to enhance their market share and improve their profitability. Analyst at AMA Research estimates that Asia Pacific Players will contribute the maximum growth to Global Trivalent Flu Vaccine market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abbott (United States), AstraZeneca (United Kingdom), BioCryst Pharmaceuticals, Inc. (United States), Novartis AG (United States), Daiichi Sankyo Company, Ltd. (Japan), GlaxoSmithKline plc. (United Kingdom), Hualan Biological Engineering Inc. (China), Mitsubishi Tanabe Pharma Corporation (Japan), F. Hoffmann-La Roche Ltd (Switzerland) and Novavax (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Seqirus Vaccines Limited (United Kingdom) and FluGen (United States).
Segmentation Overview
AMA Research has segmented the market of Global Trivalent Flu Vaccine market by , Application (Hospital, Clinic, Public Health Agency and Other) and Region.
On the basis of geography, the market of Trivalent Flu Vaccine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Pharmacies will boost the Trivalent Flu Vaccine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Dosage Form, the sub-segment i.e. Intramuscular Injection will boost the Trivalent Flu Vaccine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2021, Pfizer has begun research on an mRNA-based next-generation flu vaccine. Pfizer worked with a German biotechnology company called BioNTech to develop a new mRNA technology for generating flu vaccine shots. The manufacturing process for this RNA vaccine will be simpler and will create a new vaccine within eight days after a new flu virus is known. Pfizer's mRNA vaccine program was the first planned program to include mRNA technology for influenza., In 2020, Abbott has launched a new inactivated quadrivalent vaccine against influenza., Sanofi invested more than Euro 600 million in a new vaccine plant in Toronto in April 2021 to increase the supply of influenza vaccines in Canada, the United States and Europe. and CSL announced the launch of the AUDENZ vaccine, which can be used to protect against the H5N1 influenza A virus in February 2020.
Market Drivers
- Growing Focus on Preventing Healthcare
Opportunities
- Increasing Number of Manufacturers
Restraints
- High Cost of Raw Materials
Challenges
- Lack of Consumers’ Awareness
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Trivalent Flu Vaccine Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.