Influenza Therapeutics Market Size, Share, Industry, Forecast, and Outlook (2024-2031)
Influenza therapeutics encompass treatments aimed at managing and alleviating flu symptoms. This includes antiviral medications that inhibit the virus's replication, symptomatic treatments to relieve fever and aches, and vaccines to prevent infection. Supportive care, such as rest and hydration, also plays a role in aiding recovery. The primary goal is to reduce symptom severity, shorten illness duration, and prevent complications.
Influenza Therapeutics Market Overview
Global Influenza Therapeutics Market is expected to reach at a high CAGR during the forecast period 2024-2031.
Influenza is a contagious respiratory illness caused by the influenza virus, characterized by symptoms such as chills, fever, and body aches. It is commonly spread when people inhale tiny airborne droplets released by the coughs or sneezes of infected individuals. To reduce the risk of severe complications, including death, the Centers for Disease Control and Prevention (CDC) recommends that people receive a flu vaccine each year.
Influenza outbreaks occur annually, and many people with flu-like symptoms rely on over-the-counter medications, including antiviral and antimicrobial drugs, for relief. According to the World Health Organization (WHO), the global annual attack rate of influenza affects approximately 20% to 30% of children and around 10% of adults. Influenza-related deaths worldwide are estimated to range from 290,000 to 650,000 each year.
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Influenza Therapeutics Market Dynamics
There is an increasing focus on clinical trials for vaccines, aimed at evaluating their safety, immunogenicity, and efficacy. These trials are crucial for developing vaccines that are more effective and have fewer adverse effects. For example, Mahidol University and the Government Pharmaceutical Organization are conducting phase 3 clinical trials to assess the immunogenicity and safety of Tri Fluvac, a seasonal trivalent inactivated split virion influenza vaccine. According to clinicaltrials.gov, the trial began on August 3, 2020, and is expected to be completed by December 31, 2023.
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Influenza Therapeutics Market is segmented
By Disease Type: Influenza Type A, Influenza Type B, Influenza Type C, Influenza Type D
By Therapeutics: Medication, Vaccines, Others
By Route of Administration: Oral, Inhaled, Injectables
By End User: Hospitals and Clinics, Specialty Centers, Others
By Region: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
Influenza Therapeutics Market Companies
· Merck KGaA
· Santa Cruz Biotechnology, Inc.
· Biosynth
· Teva Pharmaceuticals USA, Inc.
· Biorbyt Ltd.
· Thermo Fisher Scientific Inc.
· Steris
· Healthcare PVT Ltd.
· Genentech, Inc.
· Lupin Pharmaceuticals, Inc.
· BioCryst Pharmaceuticals
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