According to the latest market report published by Credence Research, Inc. “Influenza Therapeutics Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025” the global Influenza therapeutics market was valued at US$ 6001.2 Mn in 2016, and is expected to reach US$ 1204.1 Mn by 2025, expanding at a CAGR of 7.8% from 2017 to 2025.
The purpose of the report is to illustrate the state of the market of Influenza Therapeutics, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Global influenza market will grow significantly during forecast period due to growing incidence of influenza worldwide, government initiatives in awareness and diagnostic programs are primarily driving the growth of influenza therapeutics market globally. For the purpose of study market is segmented on the basis of therapy type such as vaccines (trivalent and quadrivalent) and drugs (zanamivir, oseltamivir, peramivir and other). Currently, influenza vaccines (also known as flu shots or jabs) dominating the global influenza market because government initiative for vaccination is prime factor that driving the growth of influenza vaccine market globally; The World Health Organization (WHO) and Centers for Disease Control and Prevention (CDC), The European Centre for Disease Prevention and Control recommends yearly vaccination for nearly all people over the age of six months, especially those at high risk. In the base year 2016, North America held largest share in global influenza therapeutics market; it is observed that, United States is largest regional market in North America due to factors such as upsurge funding by government, increase in incidence of disease and higher number of geriatric population are driving the market growth in United States. The US government awarded 5 year contracts for more than $1 billion to five drug manufacturers developing technology for speedier mass production of vaccines, it includes GlaxoSmithKline, Medimmune Inc. Novartis Vaccines and Diagnostics, DynPort Vaccine Company, LLC. and Solvay Pharmaceuticals, these all factors are fueling the growth of influenza therapeutics market worldwide.
Market Competition Assessment:
The influenza therapeutics market is observed to be highly competitive and comprises large number of players. However, the market is currently dominated by few players such as Abbott Laboratories, Astrazeneca PLC., Biocryst Pharmaceuticals, Inc., Chiron Corporation, CSL Limited, Daiichi Sankyo Co., Ltd., Glaxosmithkline PLC., Mitsubishi Tanabe Pharma Corporation, Nanotherapeutics Inc., Protein Sciences Corporation, Roche Holding AG, Sanofi SA, Shionogi & Co., Ltd., Sinovac Biotech Ltd. and other.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Influenza Therapeutics buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Influenza Therapeutics contains:
Analysis and forecast of Influenza Therapeutics market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Influenza Therapeutics market;
Assessment and forecast of Influenza Therapeutics market development;
Financial and business profiles of the leading companies in the Influenza Therapeutics industry.
– Up to date working Influenza Therapeutics data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Influenza Therapeutics for the period 2018 to 2026
– Planned Influenza Therapeutics additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Influenza Therapeutics projects by region, key countries, and companies
– Details of major planned Influenza Therapeutics projects in the world up to 2026
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