Australia Influenza Vaccine Market Size & Outlook, 2024-2030
The influenza vaccine market in Australia is expected to reach a projected revenue of US$ 179.5 million by 2030. A compound annual growth rate of 7.9% is expected of Australia influenza vaccine market from 2024 to 2030.
In terms of revenue, Australia accounted for 1.3% of the global influenza vaccine market in 2023.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Asia Pacific, China influenza vaccine market is projected to lead the regional market in terms of revenue in 2030.
India is the fastest growing regional market in Asia Pacific and is projected to reach USD 477.8 million by 2030.
Supportive government initiatives are the key driving factor for the Australia influenza vaccine market. For instance, in June 2022, the Australian Government launched a USD 11 million ad campaign to encourage the uptake of flu vaccines and COVID-19 boosters. The government undertook this initiative to promote vaccination in the country and reduce the burden of influenza.
The favorable regulatory framework and high demand for influenza vaccines in the country are likely to boost market expansion. For instance, in March 2022, Seqirus announced that its Flucel vax Quad (quadrivalent influenza vaccine) was approved by the Therapeutic Goods Administration (TGA) for children aged 2 years and older.
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 97.74% in 2023.
Horizon Databook has segmented the Australia influenza vaccine market based on inactivated, live attenuated covering the revenue growth of each sub-segment from 2018 to 2030.
Supportive government initiatives are the key driving factor for the Australia influenza vaccine market. For instance, in June 2022, the Australian Government launched a USD 11 million ad campaign to encourage the uptake of flu vaccines and COVID-19 boosters. The government undertook this initiative to promote vaccination in the country and reduce the burden of influenza.
The favorable regulatory framework and high demand for influenza vaccines in the country are likely to boost market expansion. For instance, in March 2022, Seqirus announced that its Flucel vax Quad (quadrivalent influenza vaccine) was approved by the Therapeutic Goods Administration (TGA) for children aged 2 years and older.
Australia Influenza Vaccine Market Vaccine Type Outlook (Revenue, USD Million , 2018-2030)
Inactivated
Live Attenuated
Australia Influenza Vaccine Market Indication Outlook (Revenue, USD Million , 2018-2030)
Quadrivalent
Trivalent
Australia Influenza Vaccine Market Age Group Outlook (Revenue, USD Million , 2018-2030)
Pediatric
Adult
Australia Influenza Vaccine Market Route of Administration Outlook (Revenue, USD Million , 2018-2030)
Injection
Nasal Spray
Australia 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 country-level data and insights on the Australia Influenza Vaccine Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Australia Influenza Vaccine Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Australia Influenza Vaccine Market, 2018-2030 (US$M)