The 7 major influenza b markets reached a value of US$ 6.3 Million in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 42.5 Million by 2034, exhibiting a growth rate (CAGR) of 19% during 2024-2034.
Report Attribute
|
Key Statistics
|
---|---|
Base Year |
2023
|
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
|
Market Size in 2023
|
US$ 6.3 Million |
Market Forecast in 2034
|
US$ 42.5 Million |
Market Growth Rate (2024-2034)
|
19% |
The influenza B market has been comprehensively analyzed in IMARC's new report titled "Influenza B Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Influenza B, also known as flu B, is a respiratory illness caused by the influenza B virus. Some of the common symptoms associated with the ailment include sudden onset of fever, body aches, fatigue, cough, sore throat, nasal congestion, headache, etc. Various gastrointestinal indications, such as nausea, vomiting, diarrhea, etc., may also occur, particularly in children. In many cases, numerous severe symptoms like difficulty breathing, chest pain, confusion, persistent high fever, etc., may develop. The indications of influenza B can vary in severity, but they generally cause significant discomfort and can last for several days to a week or more. Diagnosing the condition involves a combination of clinical evaluation, patient history, and laboratory testing. Healthcare providers may consider the patient's symptoms, medical history, and physical examination findings to determine the possibility of influenza B. Numerous laboratory procedures, such as rapid antigen tests and molecular assays like reverse transcription-polymerase chain reaction (RT-PCR), are commonly used to confirm the presence of the influenza B virus. These tests analyze several respiratory samples, including nasal and throat swabs, to detect viral genetic material or specific viral proteins.
The escalating incidence of viral infections during the colder months, which affect the respiratory epithelial cells, is primarily driving the influenza B market. Furthermore, the increasing prevalence of weakened immunity that can impair the respiratory tract's natural defense mechanisms, making individuals more susceptible to viral infections, is also creating a positive outlook for the market. Apart from this, the widespread adoption of neuraminidase inhibitors, such as oseltamivir, zanamivir, peramivir, etc., since they inhibit the release of newly formed viral particles, thus slowing down viral replication, is acting as another significant growth-inducing factor. Moreover, numerous key players are making extensive investments in R&D activities to introduce host-directed therapies that modulate the host's immune response to influenza infection, aiming to reduce inflammation, improve immune defense, and minimize tissue damage. This, in turn, is also further bolstering the market growth. Additionally, the ongoing advancements in drug delivery systems, such as the launch of intranasal sprays, inhalers, and long-acting formulations, which offer potential benefits in terms of ease of administration, enhanced drug absorption, and prolonged therapeutic effect, are expected to drive the influenza B market during the forecast period.
IMARC Group's new report provides an exhaustive analysis of the influenza B market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for influenza B and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the influenza B market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current influenza B marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
---|---|
Hiberix (Hib vaccine conjugate) | GlaxoSmithKline |
Flumist (Influenza virus vaccine live intranasal (quadrivalent)) | AstraZeneca |
Fluzone (Seasonal influenza virus vaccine trivalent) | Sanofi |
Flublok (Influenza virus vaccine trivalent) | Protein Sciences Corporation |
Fluad (Influenza virus vaccine) | Seqirus |
SAB-176 | SAB Biotherapeutics |
CR 9114 | Leyden Labs |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Influenza B: Current Treatment Scenario, Marketed Drugs and Emerging Therapies