Influenza Vaccine Market size is projected to increase from USD 6.92 billion to USD 17.01 billion, exhibiting a CAGR of over 7.1% during the forecast period, from 2025 through 2037. In the year 2025, the industry size of influenza vaccine is estimated at USD 7.32 billion.
The market growth is driven by rising cases of influenza coupled with the continuous evolution of the variety of influenza viruses around the world, increasing the incidence of influenza epidemics and seasonal changes. According to the World Health Organization, the influenza virus remains a major public health challenge around the world. Globally, 1 billion influenza cases occur every year, 3 to 5 million of which are severe, leading to 290 000 to 650 000 deaths from influenza-related respiratory diseases.
Furthermore, increasing number of clinical trials for new products increased vaccinations, rapid spread of communicable diseases along with rising healthcare spending will drive the market revenue. According to the data released by the Centers for Medicare & Medicaid Services, healthcare spending in the United States in 2020 exceeded USD 4.1 trillion, equivalent to 19.7% of GDP. Besides, increasing use of vaccines during COVID-19 and increasing vaccination programs in developing countries are estimated to boost the market growth.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
7.1% |
Base Year Market Size (2024) |
USD 6.92 billion |
Forecast Year Market Size (2037) |
USD 17.01 billion |
Regional Scope |
|
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
7.1% |
Base Year Market Size (2024) |
USD 6.92 billion |
Forecast Year Market Size (2037) |
USD 17.01 billion |
Regional Scope |
|
Age Group (Pediatric, Adult)
The paediatric segment is anticipated to capture the largest market size in the global influenza vaccine market, owing to higher burden of flu among children aged below 5 years old. Centers for Disease Control and Prevention reports that in 2021 children younger than 5 years old were affected by 44% of flu cases. A total of 56% of deaths among children aged 5-17 were caused by the flu. Moreover, the increasing awareness among parents about safeguarding their children against infectious diseases, such as influenza coupled with children's weak immune systems will augment the segment growth.
Our in-depth analysis of the global market includes the following segments:
By Type |
|
By Technology |
|
By Age Group |
|
By Route of Administration |
|
By End User |
|
The North America influenza vaccine market is projected to hold largest revenue share by the end of 2037. The rapid spread of the influenza A virus among the population, new product launches, and expansion of services for product distribution. As per the data by CDC, in 2022, the United States reported seven cases of human infections with novel variants of influenza A viruses. This included 3 H3N2v and 4 H1N2v viruses. Moreover, the development of innovative products and increasing initiatives towards influenza vaccination coupled with the advanced technological vaccine manufacturing process in North America is anticipated to drive the regional market revenue.
SANOFI acquired Transcript Bio for the purpose of deploying mRNA technology in vaccine development as well as therapeutic development.
BioDiem Ltd. announced the approval of Changchun BCHT Biotechnology Co ("BCHT") as their licensee in China. A live, nasal, freeze-dried influenza vaccine was launched by BCHT in August 2020 in China.
Author Credits: Radhika Pawar
Copyright © 2025 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?