Explore the Demand and Importance of the Influenza Vaccine 

Vaccine is one of the most important inventions in human history. Researchers have been constantly trying to innovate and update vaccines to strengthen immunity. Vaccine innovations and widespread vaccination efforts have a huge impact on public health, as throughout history vaccines have saved millions of lives from contagious & serious diseases. The first vaccine discovered was the smallpox vaccine. Then various other deadly diseases came across including polio and COVID-19.  

Vaccines are produced by using killed or destroyed form of the disease-causing germ or parts of the germ, i.e., the antigens. There are three methods of vaccine production, i.e., animal inoculation, egg-based technology, and cell-based technology. Out of all three, the egg-based vaccine production is considered as the most effective manufacturing method.  

It is highly recommended to get an influenza vaccine every flu season. Influenza can be extremely serious and can develop health complications for children, older people, and patients with medial conditions. An annual influenza vaccination is given to healthcare workers who come across influenza patients. This is aimed to reduce their risk of getting infected by influenza and then spreading it to other vulnerable patients.   

According to a report published by Allied Market Research, the global influenza vaccine market size is projected to reach $10.1 billion with a considerable CAGR from 2021 to 2030. North America is currently dominating the market with the highest market share and is expected to hold its dominance throughout the forecast period. The growth of the region is owing to a significant rise in prevalence of influenza in the U.S. and Canada, emergence of new vaccines, technological advancements for vaccine administration, and surge in government focus on various immunization programs.  

On the other hand, the Middle East and Africa are anticipated to witness the fastest growth rate during the forecasted period. This is attributed to rapid development of economic conditions, rise in disposable income, improvement in healthcare facilities, increase in awareness program, rise in government funding, and increase in investment by key market players.  

Furthermore, the outbreak of the COVID-19 pandemic led to drive the growth of the global influenza vaccine market in more than one way. A rapid rise in number of patients infected from coronavirus boosted the demand for influenza vaccine. Though the influenza vaccine cannot prevent COVID-19, it can offer protection against COVID-19 virus. The vaccine can decrease the intensity of the virus in human body, thereby can reduce illness, death, and hospitalization.   

Reportedly, in 2021, more than 70,000 COVID-19 patients having shot of influenza vaccine were considered less prone to stroke, sepsis, and deep vein thrombosis. At the same time, these patients were less likely to be admitted to the intensive care unit. Government along with various healthcare operatives were providing free vaccination to the citizens, which is why, the rates of the vaccination for flu had reached its peak in the pandemic. Such factors helped the market to grow to a great extent during the pandemic.   

About Allied Market Research

Allied Market Research is market research, consulting, and advisory firm of Allied Analytics LLP. Founded in 2013, the firm has been instrumental in offering high-quality syndicated and customized market research reports, consulting services, and useful insights to leading market players, startups, investors, and stakeholders. Driven by the aim to eliminate sub-standard data and become a successful partner for organizations, Allied Market Research has been innovating continuously, expanding the product & service portfolio, and implementing the client-first approach since its inception. With the clientele spanning more than 7,000 organizations that also include a majority of Fortune 500 companies, AMR has a proven track record of helping and serving the global clientele and playing a major role in their success.