google-site-verification=5mXTZs0RdDCeTpcCGBeUc2HF9uNdM1rSAr9sRldwfdY Emergence of Covid-19 to Augment Growth of Seasonal Influenza Vaccines Market ~ CMI Blog Absolutes

Emergence of Covid-19 to Augment Growth of Seasonal Influenza Vaccines Market

 


Seasonal influenza is caused by viruses known as influenza A, B, C, and D. These names refer to the four types of viruses, and each has a different way of entering the human body. For example, an A virus can be transmitted through the air, while B is most often transmitted through secretions from the nose or mouth. C is the most commonly caught form of the disease but does not usually spread from person to person. Influenza A viruses are the only influenza viruses known to cause flu pandemics, i.e., global epidemics of flu disease.

Market Dynamics

High prevalence of acute respiratory infections is expected to propel growth of the seasonal influenza vaccines market. For instance, the study, ‘Viral and Bacterial Etiologies of Acute Respiratory Infections among Children under 5 Years in Senegal’, published in the journal Microbiology Insights, in February 2018, found that adenovirus was the most prevalent (50%) among selected virus species, followed by influenza virus, rhinovirus, enterovirus, and respiratory syncytial virus.

Emergence of Covid-19 is expected to offer lucrative growth opportunities for players in the seasonal influenza vaccines market. For instance, globally, as of 4:25pm CET, 2 December 2020, there have been 63,360,234 confirmed cases of COVID-19, including 1,475,825 deaths, reported to the World Health Organization. Moreover, many people are getting flu shots along with COVID testing, which is also expected to aid in growth of the market. For instance, in December 2020, Tarrant County, TX, U.S., partnered with pharmacies at Kroger and Tom Thumb to help provide free flu vaccines for uninsured residents.

Moreover, increasing awareness about flu is also expected to aid in growth of the seasonal influenza vaccines market. For instance, in September 2019, the Wisconsin Department of Health Services (DHS) announced a new community outreach and education funding opportunity for community organizations in order to increase awareness about the flu and the number of Wisconsinites getting flu vaccines.

Competitive Analysis

 Major players operating in the seasonal influenza vaccines market include, Sanofi S.A., CSL Limited, GlaxoSmithKline Plc., 7 Hills Pharma, and Medimmune, LLC.

September 2020: 7 Hills Pharma, a clinical stage immunotherapy company focused on the development of drugs for treatment and prevention of cancer and infectious diseases, was awarded a two-year, $2 million Small Business Innovation Research (SBIR) grant from the National Cancer Institute (NCI) of the U.S. National Institutes of Health to launch phase 1 trials of lead immunostimulant to augment immuno-oncology drugs, COVID-19 and flu vaccines.

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