The global influenza medication market is anticipated to grow at a considerable CAGR of 7.2% during the forecast period (2024-2031). All the major players in the influenza medication market are involved in strategic alliances like acquisitions, partnerships, collaborations, and the launching of new drugs and vaccines to provide advanced treatment for influenza disease globally. Recently, in January 2022, the ResVax vaccine, a vaccine developed by Novavax Co. for RSV disease has completed its phase four trial and the outcomes have been announced at the IDSOG meeting. Emergent BioSolutions Co. has also developed a vaccine for influenza treatment named NuThrax anthrax Vaccine.
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For this, the company has enrolled patients to start their phase three trial for a clinical study. This vaccine will help to improve the immune system of the body to fight influenza. In December 2019, Genentech, Inc. also had announced the FDA approval of Xofluza a type of Baloxavir Marboxil for an individual at an elevated risk of developing influenza-related complications. Similarly, in November 2020, Shionogi & Co. announced the filing of a supplemental new drug application for Xofluza, a kind of Baloxavir marboxil drug in Japan for treating influenza virus infection. Moreover, in February 2018, this company has also announced the approval of Xofluza 20 mg tablets for oral administration for the treatment of influenza type A and type B in patients over 12 in Taiwan.
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Market Coverage
Segment Covered-
- By Treatment type
- By Route of Administration
- By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape – BIOCRYST PHARMACEUTICALs, INC., Genentech, Inc., GlaxoSmithKline Plc., Lupin Ltd., Seqirus (CSL), and others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Influenza Medication Market Report Segment
By Treatment Type
- Baloxavir Marboxil
- Oseltamivir Phosphate
- Others
By Route of Administration
- Oral
- Others
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
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