Market Size of Influenza Medications Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 5.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Influenza Medications Market Analysis
Influenza has been recognised as a crucial cause of morbidity and mortality in the human population, which is leading to the development of novel drugs that are intended for reducing consequent health and economic impacts. Increasing prevalence of influenza and growth in research funding for the development of new Medications are the major factors driving the global influenza Medications market.
According to the WHO, in 2018, influenza can cause severe sickness or death mainly in patients at a high risk and illness range from mild to severe and even death. In addition, this annual increase is projected to result in about 3-5 million cases of severe illness, and about 290,000-650,000 deaths, globally.
Additionally, the growing number of government initiatives to increase awareness about the Medications and prevention of influenza. presence of Strong Pipeline for Antiviral Drugs is the other factors that are propelling the growth of the market globally.
However, high costs and side effects associated with the influenza medications are likely to hamper the growth of the market.
