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The influenza vaccine market size is forecast to increase by USD 3.76 billion, at a CAGR of 8.09% between 2023 and 2028. The market is experiencing significant growth due to the increasing prevalence and incidence of influenza worldwide. The need for annual revaccination to maintain immunity against new strains of the virus is a major market driver. Additionally, the difficulty in diagnosing influenza accurately, leading to an increased number of cases being treated unnecessarily with antiviral drugs, creates opportunities for the vaccine market. Furthermore, the ongoing research and development of new and improved influenza vaccines, including the nasal spray vaccine, are expected to boost market growth. The market is also witnessing the adoption of advanced technologies such as adjuvants and microneedles to enhance vaccine efficacy and reduce the dose required.
However, challenges such as vaccine production constraints, vaccine hesitancy, and the emergence of new influenza strains pose significant threats to market growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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