Market Definition: Global Influenza Drug Market
Global influenza drug market to grow with a steady CAGR of 2.1% and is estimated to reach USD 2.05 billion by 2026.
Influenza (the flu) is a contagious viral infection disease that affect mainly upper respiratory system more specifically nose, throat and lungs. It can cause mild to severe illness and can be fatal. People who have weakened immune system due to drugs or other illness and people who are 65 or older are at high risk of influenza infection. The patients may experience high fever, chills, sweat, cough, nasal congestion and sore throat.
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This market report is made out of a bunch of elements that have an effect available and incorporate industry insight and critical achievement factors (CSFs), market segmentation and esteem chain investigation, industry dynamics, market drivers, market limitations, key opportunities, innovation and application standpoint, nation level and regional analysis, competitive landscape, organization market share analysis and key organization profiles. The market report defines CAGR value fluctuation during the forecast period of 2018-2026 for the market.
Key Market Competitors: Global Influenza Drug Market
Few of the major competitors are ADMA Biologics, Inc., Shionogi Inc., F. Hoffmann-La Roche Ltd, Cipla Inc., GlaxoSmithKline Plc, Teva Pharmaceutical Industries Ltd, Novartis AG, Sun Pharmaceutical Industries Ltd, Sanofi, AstraZeneca, Mitsubishi Chemical Holdings Corporation, Biondvax, BioDiem, FluGen, Inc., Altimmune, Inc., Adamas Pharmaceuticals, Inc., CSL Limited, Daiichi Sankyo Company, Limited and among others.
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Major Market Drivers & Restraints are as follows:
- Increasing prevalence of Influenza disease worldwide
- Accelerating demand of treatment and novel therapies
- Rising awareness about treatment and technological advancement is driving the growth of market
- Effective treatment is either unavailable or unaffordable
- Patent expiry from many companies and introduction of generic drugs is expected to restrain the growth if the market
- Insufficient awareness about influenza treatment in some developing countries
Market Segmentation: Global Influenza Drug Market
- Influenza A viruses
- Influenza B viruses
- Influenza C virus
By Treatment Type
By Mechanism of Action Type
- Cap-dependent endonuclease inhibitor
- Neuraminidase inhibitor
- Laninamivir octanoate
- Matrix-2 (M2) protein inhibitor
- Viral uncoating inhibitors
- Nonsteroidal anti-inflammatory drug
- Alpha-adrenergic receptors agonist
- N-Methyl-D-aspartate receptor inhibitor
By Vaccine Type
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Global influenza drug market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of influenza drug market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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