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Flu Treatment Market Is Projected To Reach 1,651.2 million by 2030

The global flu treatment market size was US$ 1037.5 million in 2021 and is forecast to reach US$ 1651.2 million by 2030, registering a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2022-2030.

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Flu, also known as influenza, is a common viral infection that causes chills, fever, muscle aches, headaches, cough, runny nose, etc. Most of the flu affects the respiratory tract.

COVID-19 Impact Analysis

The demand for medical treatments has been increasing on a regular basis. The market for flu treatment is growing significantly. COVID-19 is more contagious and harmful than regular flu. However, the primary symptoms are the same. Thus, the demand for medicines and other treatments grew rapidly during the pandemic period.

Factors Influencing

  • The growing prevalence of flu throughout the world is the primary factor contributing to the growth of the global flu treatment market.
  • Government initiatives and increasing healthcare expenditure is forecast to benefit the global flu treatment market in the future. COVID-19 pandemic has created sudden havoc worldwide. Due to the pandemic, authorities and the population have been preferring health over other things. As a result, it would create significant opportunities for the market players in the global flu treatment market.
  • Increasing R&D investments to form effective anti-viral drugs would boost the market growth. In 2018, F. Hoffmann-La Roche AG introduced Xofluza (Baloxavir Marboxil), the first-ever flu medicine based on the novel proposed mechanism to treat influenza. As a result of such effective treatments, the market would grow rapidly during the study period.
  • The global flu treatment market is forecast to witness high growth potential in developing economies like India and China. The population in these economies has been increasing rapidly. Thus, it would offer lucrative opportunities to the market players in the flu treatment market.

Geographic Analysis

Geographically, Europe is forecast to emerge as the fastest-growing region in the global flu treatment market. The region has been the largest revenue contributor in the global flu treatment market due to increasing cases of COVID-19 infection. Various nations, including Spain, Italy, Germany, France, and the United Kingdom, recorded a high spread of the COVID-19, which increased governments’ funding in the healthcare sector.

The global flu treatment market in Asia-Pacific would grow at a significant CAGR during the forecast period. It is due to the rising government initiatives, increasing healthcare expenditure, and innovations in the market. Moreover, the outbreak of the COVID-19 epidemic in China and India has increased the demand for efficient vaccines and other medications. Thus, the market for flu treatment would grow rapidly in these regions.

Competitors in the Market

  • 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
  • Bayer AG
  • Mylan N.V
  • Pfizer Inc.
  • Sanofi.
  • Other prominent players

Market segmentation

Insight by Type

  • Type A
  • Type B
  • Type C

Insight by Route of Administration

  • Oral
  • Parenteral
  • Others

Insight by Medication

  • Analgesics
  • Antiviral Drugs
  • Antihistamines
  • Others

Insight by End User

  • Hospitals
  • Specialty Clinics
  • Others

Insight by Distribution Channel

  • Hospital Pharmacy
  • Retail Pharmacy
  • Others

Insight by Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Western Europe
      • The UK
      • Germany
      • France
      • Italy
      • Spain
      • Rest of Western Europe
    • Eastern Europe
      • Poland
      • Russia
      • Rest of Eastern Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Argentina
    • Rest of South America

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Updated : 2022-01-28 14:30 GMT+08:00