Europe Influenza Vaccine Market Size & Outlook, 2023-2030
Europe influenza vaccine market, 2018-2030 (US$M)
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Europe influenza vaccine market highlights
- The Europe influenza vaccine market generated a revenue of USD 1,935.4 million in 2023.
- The market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
- In terms of segment, inactivated was the largest revenue generating vaccine type in 2023.
- Inactivated is the most lucrative vaccine type segment registering the fastest growth during the forecast period.
- Country-wise, Denmark is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,935.4 million |
| Market revenue in 2030 | USD 3,018.9 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Inactivated |
| Fastest growing segment | Inactivated |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Inactivated, Live Attenuated |
| Key market players worldwide | GSK PLC, Pfizer Inc, Merck & Co Inc, Viatris Inc, AstraZeneca PLC, Sinovac Biotech Ltd, CSL Ltd, Emergent BioSolutions Inc, Vaxess Technologies, Osivax, Emergex Vaccines |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.5% of the global influenza vaccine market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,360.7 million by 2030.
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Influenza Vaccine Market Scope
Influenza Vaccine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe influenza vaccine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to influenza vaccine market will help companies and investors design strategic landscapes.
Inactivated was the largest segment with a revenue share of 91.19% in 2023. Horizon Databook has segmented the Europe influenza vaccine market based on inactivated, live attenuated covering the revenue growth of each sub-segment from 2018 to 2030.
The market growth can be attributed to an increase in research funding and the presence of local key market players in this region. The number of biopharmaceutical companies is growing in Europe owing to increasing investments. For instance, in February 2022, UK pledged USD 192 million to the Coalition for Epidemic Preparedness Innovations for boosting vaccine development.
Moreover, the population in Europe is rapidly aging. According to the UN, people aged over 65 constitute 19% of the population, which accounts for about 183 million. This population is at a relatively high risk of developing infectious diseases, including influenza, as the risk for developing flu and hospitalization rates are relatively higher in elder patients.
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Target buyers of Europe influenza vaccine market databook
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Our clientele includes a mix of influenza vaccine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe influenza vaccine market , including forecasts for subscribers. This continent databook contains high-level insights into Europe influenza vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe influenza vaccine market size, by country, 2018-2030 (US$M)
Europe Influenza Vaccine Market Outlook Share, 2023 & 2030 (US$M)
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