Asia Pacific Influenza Vaccine Market Size & Outlook
The influenza vaccine market in Asia Pacific is expected to reach a projected revenue of US$ 2,360.7 million by 2030. A compound annual growth rate of 8.5% is expected of Asia Pacific influenza vaccine market from 2024 to 2030.
In terms of revenue, Asia Pacific region accounted for 17.0% of the global influenza vaccine market in 2023.
Globally, North America is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 2,360.7 million by 2030.
The influenza vaccine market in Asia Pacific is expected to grow at the fastest rate over the forecast period due to various factors, such as improving healthcare reforms. Some of the other factors contributing to market growth are increasing geriatric population, improving healthcare infrastructure, and entry of new players.
Some of the major players operating in Asia Pacific market are GSK plc, AstraZeneca, Sanofi, and Serum Institute of India. In addition, owing to the region’s large population, the rate of influenza transmission is also higher. For instance, according to the Singapore Ministry of Health, the country has a higher burden of respiratory infections such as influenza than other diseases.
In addition, presence of international standards set by WHO for production of vaccines in developing economies is expected to drive the market. For instance, the National Regulatory Authority of India and affiliated institutions meet the regulatory guidelines of WHO for vaccines that are imported & exported to other countries.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Influenza Vaccine Market Outlook will help companies and investors design strategic landscapes.
Inactivated was the largest segment with a revenue share of 98.47% in 2023.
Horizon Databook has segmented the Asia Pacific influenza vaccine market based on inactivated, live attenuated covering the revenue growth of each sub-segment from 2018 to 2030.
The influenza vaccine market in Asia Pacific is expected to grow at the fastest rate over the forecast period due to various factors, such as improving healthcare reforms. Some of the other factors contributing to market growth are increasing geriatric population, improving healthcare infrastructure, and entry of new players.
Some of the major players operating in Asia Pacific market are GSK plc, AstraZeneca, Sanofi, and Serum Institute of India. In addition, owing to the region’s large population, the rate of influenza transmission is also higher. For instance, according to the Singapore Ministry of Health, the country has a higher burden of respiratory infections such as influenza than other diseases.
In addition, presence of international standards set by WHO for production of vaccines in developing economies is expected to drive the market. For instance, the National Regulatory Authority of India and affiliated institutions meet the regulatory guidelines of WHO for vaccines that are imported & exported to other countries.
Asia Pacific Influenza Vaccine Market Vaccine Type Outlook (Revenue, USD Million , 2018-2030)
Inactivated
Live Attenuated
Asia Pacific Influenza Vaccine Market Indication Outlook (Revenue, USD Million , 2018-2030)
Quadrivalent
Trivalent
Asia Pacific Influenza Vaccine Market Age Group Outlook (Revenue, USD Million , 2018-2030)
Pediatric
Adult
Asia Pacific Influenza Vaccine Market Route of Administration Outlook (Revenue, USD Million , 2018-2030)
Injection
Nasal Spray
Asia Pacific Influenza Vaccine Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
Hospitals & Pharmacy
Government & Institutional supply
Other Distribution Channels
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Influenza Vaccine Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Influenza Vaccine Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Influenza Vaccine Market, 2018-2030 (US$M)