Seasonal Influenza Vaccine Market in Asia-Pacific Region
- Cell Culture Technology-Based Vaccines to Revolutionize the Market by Faster
Production and High Initial Purity
GBI Research, the leading
business intelligence provider has released its latest research “Seasonal
Influenza Vaccine Market in Asia-Pacific Region – Cell Culture Technology-Based
Vaccines to Revolutionize the Market by Faster Production and High Initial
Purity Description” which essentially provides insights into the seasonal
influenza vaccine sales forecasts for the Asia-Pacific Region until 2017.
The report also delves deep
into vaccination patterns for seasonal influenza in the Asia-Pacific Region.
Further, the geographical distribution of seasonal influenza vaccines across
Japan, Australia, New Zealand, China, Taiwan, Philippines, Hong Kong, Malaysia,
India and Singapore are also provided in the report.
The report offers a clear view
of the regulatory landscape in the Asia-Pacific countries. The report also
reveals the seasonal influenza vaccine R&D pipeline and offers profiles of
promising vaccines. The report explores the competitive landscape including
profiles for top companies. Finally, the key trend analysis on mergers and
acquisitions, and licensing agreements involving seasonal influenza vaccines is
also presented.
Seasonal Influenza Vaccine
Market in Asia-Pacific Region - Cell Culture Technology-Based Vaccines to
Revolutionize the Market by Faster Production and High Initial Purity
Treatment of seasonal influenza
is dominated by two categories of treatment options, vaccines and antiviral
therapies. In the recent years it was observed that demand for seasonal
influenza vaccines have increased due to changed perception of patient
population. The patient population is of the opinion that preventive healthcare
is better compared to curative healthcare; this led to increased demand of
vaccines in Asia-Pacific region. Asia-Pacific (APAC) region is an attractive
market for seasonal influenza vaccine manufacturers. Major drivers in the
market is increasing awareness, increasing vaccination coverage in the APAC
countries and rising government support for immunization against seasonal
influenza. Major restraints of the market are variable demand and limited
production capacity. Traditional egg based manufacturing of seasonal influenza
vaccines is being replaced with cell culture vaccines. Cell culture based production
of vaccines is expected to reduce the problems associated with the production
and use of seasonal influenza vaccines which will further increase the
vaccination coverage in the APAC region.
GBI Research Analysis shows
that the seasonal influenza vaccine market in the APAC Region is a fast growing
market. This is due to increased vaccination coverage against seasonal
influenza in the region. GBI Research forecasts the market to grow at double
digit Compounded Annual Growth Rate (CAGR) of 8.9% during the period 2010-2017
from $1,154.9m in 2010 to $2,095.9m by 2017. This growth is driven by factors
such as increasing awareness on influenza caused by threat of pandemic
influenza, increasing vaccination coverage because of the governments’ support,
growing population in the APAC region and entry of novel vaccines and
production technologies.
GBI Research finds that the
Philippines’ seasonal influenza vaccine market is the most attractive in the
seasonal influenza vaccine market for Asia-Pacific region both in terms of
value and growth rate. Other attractive markets in terms of growth rate are
Malaysia’s and Singapore’s seasonal influenza vaccine markets. Australia’s
seasonal influenza vaccine market is also a large sized attractive market
forecast to grow at a healthy growth rate during the period 2010-2017. In-depth
analysis of the report is based on propriety databases, primary and secondary
research and in house analysis by the GBI Research team of experts.
GBI Research analysis shows
that the R&D pipeline for the seasonal influenza vaccines is moderately
strong with approximately 50% of the pipeline in the Phase II and Phase III.
The major vaccine manufacturers are focused upon acquiring new technologies and
strengthening their presence in the market by collaborating with or acquiring
small and medium sized biotech companies that have strong vaccine candidates in
their pipeline. The R&D activity also indicates development of new
technologies and novel vaccines that can revolutionize the market in near future.
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