Status : Published Published On : Aug, 2021 Report Code : VRHC1232 Industry : Healthcare Available Format : Page : 191
2021
2027

Global Flu Treatment Market – Analysis and Forecast (2021-2027)
Industry Insights by Type (Type A, Type B, Type C), by Route of Administration (Oral, Parenteral, Others), by Medication (Analgesics, Antiviral Drugs, Antihistamines, Others), by End User (Hospitals, Specialty Clinics, Others), by Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Others), and by Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)

Industry Overview

From USD 988.5 million in 2020, the Global Flu Treatment Market is predicted to grow to USD 1,425.0 million by 2027, registering a CAGR of 5.3% during the forecast period (2021–2027). The growth of this market is attributed towards due to rapid explosion of COVID-19 disease globally that is causing deaths massively across the globe, increasing technological upgradation and increasing research funding availed by government authorities towards treatment of such epidemic for flu is further bolstering the growth of global flu treatment market.

Flu that is also termed as influenza is considered to be a common viral infection. The common symptoms of flu are muscle aches, fever, headaches, chills, cough, runny nose and fever. It is observed that in case of flu respiratory tract is affected. Furthermore, it is observed that in case of COVID-19 it causes severe damage to the lungs and respiratory tracts and development of drugs under pipeline could further accelerate the growth of global flu treatment market. 

Flu Treatment Market Highlights

Market Segmentation

Insight by Type

On the basis of type, the global flu treatment market is categorized into type A, type B and type C. Amongst these segments, type A segment is observed to generate significant revenue gains as the global epidemic that is COVID-19 comes in type A. Type A mutations are considered to be major flu epidemics that occur after every few years.

Insight by Route of Administration

On the basis of route of administration, the global flu treatment market is categorized into oral, parenteral and others. Amongst these segments, parenteral segment is expected to witness highest CAGR during the forecast period as the epidemic is causing lot of respiratory damage amongst the patients and is very dangerous and in order to tackle situation immediately the medicines are required to be injected in the intestine to gain rapid result. 

Insight by Medication

Based upon medication, the global flu treatment market is segmented into analgesics, antiviral drugs, antihistamines and others. Of all medication, antiviral drugs are anticipated to generate largest revenue by 2025 as and when the vaccine would be developed it would cause rapid increase in demand and due to coronavirus cases globally antiviral drugs would be gaining massive demand.

Insight by End User

On the basis of end user, the global flu treatment market is segmented into hospitals, specialty clinics and others. Amongst these segments, hospitals segment is expected to witness highest CAGR during the forecast period as the number of patients suffering from COVID-19 are under isolation wards in the hospitals or are being taken care by hospital workers thus to treat patients or anyone the global flu treatment market would grow at massive rate.

Insight by Distribution Channel

On the basis of distribution channel, the global flu treatment market is classified into hospital pharmacy, retail pharmacy, and others. Amongst these segments, hospital pharmacy is expected to witness highest CAGR during the forecast period as the large numbers of patients across the globe are suffering from COVID-19 crisis that is further accentuating the global flu treatment market. 

Global Flu Treatment Market Report Coverage

Report Metric

Details

Historical Period

2015–2020

Base Year Considered

2021

Forecast Period

2021 - 2027

Market Size in 2020

$988.5 million

Revenue Forecast in 2027

$1,425.0 million

Growth Rate

CAGR 5.3%

Segments Covered in the Report

By Type, By Route, By Medication, By End User and By Distribution Channel

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Europe, Asia-Pacific, Middle East, and Rest of the World

Industry Dynamics

Growth Drivers

Increasing demand for medical needs at the time of epidemic, excessive number of coronavirus cases globally and increasing funding and grants provided by government authorities towards research and innovation of COVID-19 vaccine are the key factors that are driving the growth of global flu treatment market.  COVID-19 came into notice from Dec 2019 in China and after that the number of cases and count of COVID-19 patients are increasing massively globally. This virus infection has no treatment, no vaccine till date and the only way to come out of this epidemic is to prevent its occurrence.

According to a report by WHO in March 2020, the number of coronavirus patients exceeded to 200000 and in almost after twelve days the number would exceed by 100000. Furthermore, this would not provide assurance or time to make things back to normal or right on track as all human activities whether economic or social has been hampered by this virus. Moreover, in order to combat the situation WHO (World Health Organization) has urged all developed and developing countries to invent a drug or vaccine that could treat the disease as a result to which global flu treatment market is anticipated to observe rapid growth. 

Challenges

However, increasing challenges prevailing due to patent expiration of branded drugs, research and development and launch of generic version to fight certain flus are few factors expected to hamper the growth of the global flu treatment market.  

Geographic Overview

Geographically, Europe was the largest revenue contributor in the global flu treatment market in 2019 & 2020, due to massive growth of COVID-19 in the region. According to a report published by European Union, approximately 1,563,857 cases of COVID-19 has been discovered in Europe till first week of April and total deaths registered in the region were 95,044. As a result to this the demand for developing vaccines is out most important in order to reduce the death counts and those affected by the virus.

Countries such as Spain, Italy, Germany, France and U.K. registered largest number of patients affected with COVID-19 as a result to which government has allocated significant funds to innovation of vaccine that is expected to bolster the growth of the global flu treatment market.

Moreover, flu treatment market in Asia-Pacific is expected to witness highest CAGR during the forecast period owing to outbreak of COVID-19 in countries such as India that has recently exploded in the country, and also in China where the origin of COVID-19 patients occurred. Although China is observing improvement in death rates due to COVID-19, the patients recovering completely from the flu are still at huge numbers that are required to be treated as soon as possible as this disease is very contagious and could lead to severe health hazards. 

Competitive Insight

Key players in the global flu treatment market are rapidly accentuating efforts such as investment in research and development, new product development and strengthening company strategic decisions in order to make the world recover from epidemic as soon as possible.

Some of the major players operating in the global flu treatment market are GlaxoSmithKline plc, AstraZeneca, Bristol-Myers Squibb Company, Sun Pharmaceutical Industries Ltd., Eli Lilly and Company, Novartis AG, NATCO Pharma Limited, Merck & Co., F. Hoffmann-La Roche Ltd, Inc., Bayer AG, Mylan N.V., Pfizer Inc., and Sanofi.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry includes, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behavior.

The Flu Treatment Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2021–2027.

  • By Type
    • Type A
    • Type B
    • Type C
  • By Route of Administration
    • Oral
    • Parenteral
    • Others
  • By Medication
    • Analgesics
    • Antiviral Drugs
    • Antihistamines
    • Others
  • By End User
    • Hospitals
    • Specialty Clinics
    •  Others
  • By Distribution Channel
    • Hospital Pharmacy
    • Retail Pharmacy
    • Others

Flu Treatment Market by Region

  • North America
    • By Type
    • By Route of Administration
    • By Medication
    • By End User
    • By Distribution Channel
    • By Country – U.S., Canada, and Mexico
  • Europe
    • By Type
    • By Route of Administration
    • By Medication
    • By End User
    • By Distribution Channel
    • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
  • Asia-Pacific (APAC)
    • By Type
    • By Route of Administration
    • By Medication
    • By End User
    • By Distribution Channel
    • By Country – China, Japan, India, Australia, Singapore, South Korea, Indonesia, and Rest of Asia-Pacific
  • Rest of the World (RoW)
    • By Type
    • By Route of Administration
    • By Medication
    • By End User
    • By Distribution Channel
    • By Country – Brazil, Argentina, South Africa, Saudi Arabia, Iran, U.A.E., and Other Countries

 

Flu Treatment Market Size

Source: VynZ Research

Flu Treatment Market Analysis

Source: VynZ Research

Frequently Asked Questions

Europe was the largest revenue contributor in the global flu treatment market in 2019, due to massive growth of COVID-19 in the region.
Hospital pharmacy is expected to witness highest CAGR during the forecast period.
Hospitals are the major end user for this market.
Some of the key players operating in the global flu treatment market are GlaxoSmithKline plc, AstraZeneca, Bristol-Myers Squibb Company, Sun Pharmaceutical Industries Ltd., Eli Lilly and Company, Novartis AG, NATCO Pharma Limited, Merck & Co., F. Hoffmann-La Roche Ltd, Inc., Bayer AG, Mylan N.V., Pfizer Inc., and Sanofi.
The global flu treatment market was valued at USD 988.5 Million in 2020.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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