About Influenza Medication
Influenza medication includes antiviral drugs prescribed for the treatment of influenza. Influenza, also known as flu, is a respiratory disease caused by an influenza virus. The high growth of the global influenza medication market is due to unmet medical needs within the annual influenza epidemics along with strong R&D focus resulting in new and advanced treatments and drugs, and increasing demand due to government stockpiling.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Europe Players will contribute the maximum growth to Global Influenza Medication 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.
Bristol-Myers Squibb (United States), AstraZeneca (United Kingdom), Eli Lilly (United States), Roche Holding AG (Switzerland), GlaxoSmithKline (United Kingdom), Novartis International AG (Switzerland), Pfizer (United States), Sanofi (France), Bayer AG (Germany), Celgene (United States) and Seqirus (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Influenza Medication market by Type (Zanamivir, Oseltamivir phosphate, Peramivir and Other Influenza Medication), Application (Hospitals, Clinics, Pharmacies and Others) and Region.
On the basis of geography, the market of Influenza Medication 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 Treatment Type, the sub-segment i.e. Medication will boost the Influenza Medication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Adult will boost the Influenza Medication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising awareness about Treatment and Technological Advancement and Increasing Company Initiatives to Enhance R&D
Market Growth Drivers:
High Prevalence of Infectious Diseases across the World and Increasing Demand for Treatment and Novel Therapies
Challenges:
Patent Expiry from many Companies and Introduction of Generic Drugs
Restraints:
Insufficient Awareness about Influenza Treatment in Developing Countries and Effective Treatment is Either Unavailable or Unaffordable
Opportunities:
Favorable Policies for Treatment and Prevention of Influenza by the Government in Developed Countries
Market Leaders and their expansionary development strategies
In October 2019, shionogi and co Ltd,. announced the approval of xofluza 20mg tablets for the treatment of influenza types A and B in patients over the age of 12.
In January 2019, Seqirus a subsidiary of CSL Limited received the European Commission approval for Flucelvax, a quadrivalent influenza vaccine (QIVc) for the treatment of influenza for a patient of age 9 years or above.
Key Target Audience
Manufacturers and Suppliers of Influenza Medication, Research and Development Companies, Medical Research Laboratories, Academic Medical Centers and Universities and Others
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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.