Microneedle Flu Vaccine Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Micro-needle Flu Vaccine Market is Segmented by Product Type (Solid Microneedle, Hollow Microneedle, Coated Microneedle, Dissolving Microneedle), Vaccine Type (Trivalent Flu Vaccine, Quadrivalent Flu Vaccine), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The report offers the value (in USD million) for the above segments.

Market Snapshot

Microneedle Flu Vaccines Market Size
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: North America
Largest Market: Asia-Pacific
CAGR: 6.5 %

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Market Overview

Micro-needle Flu Vaccine Market is expected to grow at a registered CAGR of 6.5% during the forecast period (2022-2027).

The coronavirus (COVID-19) pandemic and subsequent lockdown in various countries around the world have impacted the financial health of major microneedle flu vaccine companies. The pandemic has had a negative impact on the global micro-needle flu vaccine market in various aspects, such as the development, production, and supply of medicines due to government-imposed lockdowns. It has also had a negative impact on the growth of various pharmaceutical businesses around the world. However, the use of microneedle in COVID-19 vaccines increased during the pandemic. According to the "Dissolvable Microneedle Patches to Enable Increased Access to Vaccines against SARS-CoV-2 and Future Pandemic Outbreaks," published in the National Library of Medicine in April 2021, COVID-19 patients may benefit from the potential benefits of dissolvable microneedle dots. Thus, the microneedle flu market was significantly impacted by COVID-19.

Over the forecast period, the micro-needle flu vaccine market is expected to grow due to the rising global prevalence of influenza and key players focusing on research and development of micro-needle flu vaccines. According to the Centers for Disease Control and Prevention updates in January 2022, flu caused 9 million 41 million illnesses, 140,000–710,000 hospitalizations, and 12,000–52,000 deaths annually in the United States between 2010 and 2020. Furthermore, according to the World Health Organization 2021, during the years 2021-2022, Global Influenza Surveillance and Response System (GISRS) laboratories tested over 490 516 specimens. 12,368 people tested positive for influenza viruses, with 8,423 (68.1%) being influenza A and 3,945 (31.9%) being influenza B.

Key companies focus on inorganic strategies such as mergers and acquisitions to strengthen their position in the global micro-needle flu vaccine market. For instance, in June 2021, Microdermics, Inc. merged with Novateur Ventures, a well-known global life sciences advisory firm, to provide strategic advice and lead the transaction process for the commercialization of a novel micro-needle flu vaccine and biosensing platform.

Government agencies are investing more in the research and development of microneedle vaccine patches, so the global micro-needle flu vaccine market is expected to grow significantly during the forecast period. For instance, in August 2021, the United States Government Agency Biomedical Advanced Research and Development Authority (BARDA) awarded Verndari, Inc USD 1 million to accelerate the research and development of VaxiPatch. This dermal patch vaccine technology can treat various infectious diseases such as influenza and flu.

Thus, the aforementioned factors are likely to drive the growth of the market during the forecast period. However, external environments such as skin hydration could affect drug delivery, restraining the market over the forecast period.

Scope of the Report

Micro-needles are a new type of dose delivery system that can easily overcome the issues that come with traditional formulations. The microneedle device is made up of micron-sized needles that are arranged on a small dermal patch. Micro-needles come in various shapes and sizes, including dissolving micro-needles, coated micro-needles, hollow micro-needles, and solid micro-needles. The Micro-needle Flu Vaccine Market is Segmented by Product Type (Solid Microneedle, Hollow Microneedle, Coated Microneedle, Dissolving Microneedle Vaccine Type (Trivalent Flu Vaccine, Quadrivalent Flu Vaccine), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (USD million) for the above segments.

By Product Type
Solid Microneedle
Hollow Microneedle
Coated Microneedle
Dissolving Microneedle
By Vaccine Type
Trivalent Flu Vaccine
Quadrivalent Flu Vaccine
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Quadrivalent Flu Vaccine Segment is Expected to Projected Significant Growth Over the Forecast Period

The quadrivalent influenza (flu) vaccine protects against four flu viruses, including two influenza A viruses and two influenza B viruses.

The quadrivalent flu vaccine segment accounts for the maximum revenue in the microneedle flu vaccine market due to its cost-effectiveness, efficacy against viral infections, and easy availability in hospitals and clinics. Hence, the factors mentioned above are likely to boost the market during the forecast period.

According to the Center for Diseases Control and Prevention, in December 2021, AFLURIA Quadrivalent, Fluarix Quadrivalent, FluLaval Quadrivalent, Flucelvax Quadrivalent, Fluzone Quadrivalent, FluMist Quadrivalent are quadrivalent influenza vaccines available in the market. Moreover, per the same source, quadrivalent vaccines protect against three flu viruses: an influenza A(H1N1) virus, an influenza A(H3N2) virus, and one influenza B virus.

Moreover, increasing clinical development of microneedle flu vaccines to check their efficiency and safety is anticipated to boost the segment. For instance, according to ClinicalTrials. Gov updates in February 2022, a study titled "A Clinical Trial of Quadrivalent Influenza Vaccine in Healthy Subjects Aged 6 to 35 Months" under the evaluation of Sinovac Biotech Co., Ltd to evaluate the safety and immunogenicity of quadrivalent influenza vaccine in healthy infants aged from 6 to 35 months. Such development creates a huge opportunity for market players to develop a therapeutic approach anticipated to boost the segment.

However, product launches and approval from the regulatory bodies are anticipated to boost the segment. For instance, in November 2020, the European Commission granted marketing authorization for Supemtek, a quadrivalent (four-strain) recombinant influenza vaccine, to prevent influenza in adults 18 years and older.

Thus, the aforementioned factors are likely to drive the growth of the segment during the forecast period.

Microneedle Flu Vaccines Market Share

North America Holds a Significant Share in the Market and Expected to do Same during the Forecast Period

North America currently dominates the market of microneedle flu vaccines and is expected to continue its stronghold for a few more years.

The high prevalence of influenza is expected to drive the regional market over the forecast period. For instance, according to statistics published by MedAlertHelp, in 2022, about 5% to 20% of Americans will be diagnosed with influenza yearly. Further, according to the data published by the Centers for Disease Control and Prevention, in October 2021, 35 million flu-related illnesses, 380,000 flu-related hospitalizations, 20,000 flu-related deaths, and 16 million flu-related medical visits were reported in the 2019-2020 season. This growing disease burden is anticipated to positively impact market growth over the coming years.

In North America, the launch of new flu prevention campaigns and initiatives by healthcare organizations is expected to drive demand for influenza vaccines and develop effective vaccination delivery systems. For instance, in October 2021, The Centers for Disease Control and Prevention (CDC) and the National Foundation for Infectious Diseases (NFID), along with other public health and medical organizations, jointly announced the opening of the 2020-2021 flu vaccination season, highlighting the importance of vaccination and recommending that everyone six months and older get vaccinated against flu once a year.

Thus, the aforementioned factors are likely to drive the growth of the marker during the forecast period.

Microneedle Flu Vaccines Market Report

Competitive Landscape

The influenza diagnostics market is highly competitive and consists of several major players. In terms of market share, few major players currently dominate the market. The companies like Sanofi S.A., GC Pharma, Debiotech S.A, 3M Company, NanoPass Technologies Limited, Becton, Dickinson and Company, FluGen, Inc, and Others

Recent Development

  • In April 2022, Vaxess Technologies, Inc., an innovative life sciences company developing a pipeline of shelf-stable and simple-to-apply vaccines, announced the production of the first GMP batch of MIMIX Technology Vaccine Patches for an upcoming phase 1 seasonal influenza clinical trial.
  • In January 2022, Zosano Pharma Announces Publication of Clinical Data Demonstrating Comparable Immunogenicity of a Trivalent Influenza Vaccine Formulated on its Transdermal Microneedle System Versus an Intramuscular Injection of the Vaccine at a Higher Dose

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Influenza and Viral Infections

      2. 4.2.2 Key Players Focusing on Research and Development of Micro-Needle Flu Vaccines

    3. 4.3 Market Restraints

      1. 4.3.1 Complications and Risks Associated with Microneedles

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value – USD million)

    1. 5.1 By Product Type

      1. 5.1.1 Solid Microneedle

      2. 5.1.2 Hollow Microneedle

      3. 5.1.3 Coated Microneedle

      4. 5.1.4 Dissolving Microneedle

    2. 5.2 By Vaccine Type

      1. 5.2.1 Trivalent Flu Vaccine

      2. 5.2.2 Quadrivalent Flu Vaccine

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Debiotech S.A

      2. 6.1.2 NanoPass Technologies Limited

      3. 6.1.3 Becton, Dickinson and Company

      4. 6.1.4 FluGen, Inc

      5. 6.1.5 CosMED Pharmaceuticals Co., Ltd

      6. 6.1.6 Microdermics

      7. 6.1.7 TSRL Inc.

      8. 6.1.8 Vaxess Technologies

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Global Microneedle Flu Vaccine Market market is studied from 2019 - 2027.

The Global Microneedle Flu Vaccine Market is growing at a CAGR of 6.5% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

Debiotech S.A, NanoPass Technologies, FluGen, Inc, Becton, Dickinson Company, CosMED Pharmaceuticals Co., Ltd are the major companies operating in Global Microneedle Flu Vaccine Market.

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