Market Dynamics:
The global influenza vaccines market is primarily driven by the rising prevalence of influenza cases across the globe. According to the World Health Organization, there are around 1 billion cases of influenza reported worldwide annually. The seasonal nature of influenza, emergence of novel influenza strains, and outbreaks have boosted the demand for influenza vaccines. Furthermore, continuous investments by key market players into research and development of advanced influenza vaccines have expanded the market scope. For instance, Seqirus launched its cell-based quadrivalent influenza vaccine with broader protection from multiple strains. However, rigorous regulatory requirements and stringent evaluation procedures for approval of new vaccines are some of the factors expected to hinder market growth.

Key Takeaways

The Global Influenza Vaccines Market Size is expected to witness high growth, exhibiting CAGR of 4.2% over the forecast period, due to increasing vaccination mandates and recommendations by health organizations globally. Regular immunization is critical to reduce influenza disease burden on healthcare systems.

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