Influenza Vaccine Market Size, Trends, and Outlook 2032

Global Influenza Vaccine Market Analysis

Market Size & Growth

The global influenza vaccine market is projected to grow from $8.55 billion in 2024 to $17.77 billion by 2032, at a CAGR of 9.6%. North America dominates with a 53.7% market share in 2023, valued at $4.28 billion.

Key Market Drivers

• Rising disease prevalence: WHO reports 3-5 million severe influenza cases annually, causing 290,000-650,000 deaths globally
• Government support: Expanding immunization programs and public health campaigns
• R&D investments: Development of combination vaccines and new technologies
• COVID-19 impact: Increased vaccine awareness and uptake during pandemic

Market Segments

By Type

• Inactivated vaccines lead with 91.94% market share in 2023
• Live attenuated vaccines growing at slower rate due to development challenges
• mRNA vaccines emerging as promising segment with new developments

By Distribution Channel

• Hospital & retail pharmacies: 54% market share in 2023
• Government suppliers
• Others

Regional Analysis

North America

• Largest market share (53.35%) in 2023
• Strong public health infrastructure
• High vaccination rates
• Presence of major manufacturers

Europe

• Second-largest market position
• Strong healthcare infrastructure
• Recent developments include GSK's agreement with HERA for 85 million pandemic vaccine doses

Asia Pacific

• Fastest-growing region
• Large population base
• Increasing healthcare expenditure
• Rising government initiatives

Key Players

1. GSK plc
2. Sanofi
3. AstraZeneca
4. CSL Limited
5. SINOVAC

Recent Developments

• June 2024: SINOVAC announced $100 million investment in Brazil for vaccine production
• April 2024: CDC expanded RSV vaccine recommendations for adults aged 50-59
• February 2024: CSL and Arcturus received EU approval for KOSTAIVE mRNA COVID-19 vaccine³

Market Challenges

• Extended vaccine production timelines (10-15 years average)
• Complex regulatory requirements
• High manufacturing costs
• Cold chain storage requirements

Report-

Fortune Business Insights - Influenza Vaccine Market Size & Share | Industry Growth, 2032

https://www.fortunebusinessinsights.com/industry-reports/influenza-vaccine-market-101896