Saudi Arabia Influenza Vaccine Market Size & Outlook
The influenza vaccine market in Saudi Arabia is expected to reach a projected revenue of US$ 43.8 million by 2030. A compound annual growth rate of 7.4% is expected of Saudi Arabia influenza vaccine market from 2024 to 2030.
In terms of revenue, Saudi Arabia accounted for 0.3% 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 Middle East & Africa, South Africa influenza vaccine market is projected to lead the regional market in terms of revenue in 2030.
UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 24.2 million by 2030.
Despite having a low local output of branded drugs relative to generic products, Saudi Arabia has the largest pharmaceutical market in the Middle East and African region. Moreover, the country is experiencing an increased prevalence of influenza among the population.
As a result of which, in October 2022, the Ministry of Health launched an awareness campaign to encourage seasonal influenza vaccination, focusing on groups most vulnerable to it, such as the elderly, people with chronic diseases or immunodeficiency, healthcare workers, and pregnant women.
The ministry emphasized that vaccination is safe, has few adverse effects, and has been proven to be effective around the world. Such initiatives are expected to increase vaccination rates in the country and propel the market growth.
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 98.13% in 2023.
Horizon Databook has segmented the Saudi Arabia influenza vaccine market based on inactivated, live attenuated covering the revenue growth of each sub-segment from 2018 to 2030.
Despite having a low local output of branded drugs relative to generic products, Saudi Arabia has the largest pharmaceutical market in the Middle East and African region. Moreover, the country is experiencing an increased prevalence of influenza among the population.
As a result of which, in October 2022, the Ministry of Health launched an awareness campaign to encourage seasonal influenza vaccination, focusing on groups most vulnerable to it, such as the elderly, people with chronic diseases or immunodeficiency, healthcare workers, and pregnant women.
The ministry emphasized that vaccination is safe, has few adverse effects, and has been proven to be effective around the world. Such initiatives are expected to increase vaccination rates in the country and propel the market growth.
Saudi Arabia Influenza Vaccine Market Vaccine Type Outlook (Revenue, USD Million , 2018-2030)
Inactivated
Live Attenuated
Saudi Arabia Influenza Vaccine Market Indication Outlook (Revenue, USD Million , 2018-2030)
Quadrivalent
Trivalent
Saudi Arabia Influenza Vaccine Market Age Group Outlook (Revenue, USD Million , 2018-2030)
Pediatric
Adult
Saudi Arabia Influenza Vaccine Market Route of Administration Outlook (Revenue, USD Million , 2018-2030)
Injection
Nasal Spray
Saudi Arabia 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 Saudi Arabia Influenza Vaccine Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia Influenza Vaccine Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Saudi Arabia Influenza Vaccine Market, 2018-2030 (US$M)