According to Precision Business Insights, the U.S. Influenza Market research report provides industry size and growth.
According to Precision Business Insights (PBI), the latest report the u.s influenza market is expected to be worth USD 2.7 million in 2022 and projected to grow at 16.2% CAGR from 2023 to 2029. Influenza is an upper respiratory tract disease and is caused by the Influenza virus. Influenza virus is mainly three types namely Influenza A, Influenza B, and Influenza C. Influenza is a communicable disease, spread through a flu cough, droplets from the infected people, sneeze or talks. Influenza commonly occurs in geriatric population and children with less than 5 years of age. The infection may be confirmed by testing the sputum, nose, or throat for the virus. A number of rapid tests are available however polymerase chain reaction that detects the virus'™s RNA is more accurate. The U.S. Influenza market is growing at a significant rate owing to rise in newborn babies, an increase in geriatric population. Increase in vaccination awareness, favorable reimbursement policies, and rising investment by companies in R & D activities are the major factors propelling the growth of U.S. influenza market. The major market players have many pipeline products, initiatives by government bodies such as WHO and CDC to control and prevent influenza, technological advancements in diagnostic tests also fuel the growth of U.S. influenza market. However, limited production capacity, a high level of required investment, and stringent regulatory policies for new product approvals might hamper the growth of U.S. Influenza market. Due to limitations in current technologies, the lengthy production times (approximately seven months), increase in prices of influenza diagnostic kits and reagents also hinder the Influenza vaccines market. The U.S. Influenza market is divided into following categories-
Drug class
Route of administration
Request Sample: https://www.precisionbusinessinsights.com/request-sample/?product_id=15946
Hospital pharmacies, retail pharmacies and others. U.S. holds a strong position in the global influenza vaccine market. The largest share is attributed to the higher rate of in-vitro diagnostics availability and technological advancements in medical devices which are primarily driving the U.S. Influenza diagnostic market growth. As per CDC, person above 6 months of age could be vaccinated to prevent the influenza infection. Increase in prevalence and incidence cases of influenza might increase the growth of U.S. influenza vaccine market. Similarly, the increase in funding by the government is also driving the market growth in the United States.
Some of the key players in U.S. influenza therapeutics market are AstraZeneca (U.K.), F. Hoffmann-La Roche (Switzerland), GlaxoSmithKline plc (U.K.), Novartis AG (Switzerland), Seqirus (U.K.), Protein Sciences Corporation (U.S.), Emergent Biosolutions (U.S.), Alvogen (South Korea), DynPort Vaccine Company, LLC. (U.S.), and Abbott Laboratories (U.S.)
In 2016, Seqirus received approval from USFDA for Flucelvax Quadrivalent, that was the first U.S. licensed cell-based quadrivalent influenza vaccine indicated for people aged four years and older. While in the same year, GSK received approval from USFDA for Flulaval Quadrivalent to include use in children aged six months or older. Influenza vaccines are key revenue contributor for the growth of U.S. influenza vaccine market. The U.S. influenza diagnostic market is in growing phase, several international players are actively involved in the development of vaccines and drugs to treat influenza. The launch of new products, technological innovations, and approvals from U.S. (FDA) for various drugs might fuel the growth of U.S. influenza therapeutics market. For instance, transformative changes in other vaccine markets, due to the entrance of expensive and innovative vaccines such as Gardasil (Merck) and Bexsero (GSK) are projected to contribute growth of the U.S. influenza diagnostic market.