SEASONAL INFLUENZA VACCINES MARKET ANALYSIS

Regional Analysis

Seasonal Influenza Vaccines Market – Regional Analysis

Geographically, global seasonal influenza vaccines market is segmented into North America, Latin America, Europe, Middle East, Asia Pacific, and Africa. North America holds the dominant position in seasonal influenza vaccines market, owing to increasing research and development studies by key market players, to develop novel influenza vaccines and increasing burden of seasonal influenza infection in the region. For instance, according to the data published in Centers for Disease Control and Prevention (CDC), in October 2016, there were around 140,000 to 710,000 influenza related hospitalizations and 12,000 to 56,000 influenza related deaths registered, since 2010. Asia Pacific is expected to witness fastest growth over the forecast period. This is due to large patient pool and increasing focus of key market players to expand in this geography. For instance, according to the World Health Organization (WHO), in 2015, there were an estimated 4.74 million new cases of tuberculosis registered and around 8, 00,000 people died due to the tuberculosis and TB and HIV co-infection (TB-HIV) in the South-East Asia region. In addition, an expected approval of both Daiichi Sankyo’s VN-100 and MEDI3250 in 2017, in the Japanese market, is projected to drive seasonal influenza vaccines market in Asia Pacific region.