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The Global Influenza Market

8% growth in global influenza products industry expected between 2013-18


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2014-01-10 08:00:05 - The Global Influenza Market - a new market research report on companiesandmarkets.com

The global market for influenza vaccines, antivirals, and diagnostic products was valued at nearly $3.8 billion in 2012 and is expected to reach $4 billion in 2013. The market is forecast to grow to nearly $6 billion by 2018, and register a five-year compound annual growth rate (CAGR) of 8% from 2013 to 2018.Influenza, also known as the flu, affects the upper respiratory tract and often the lungs. The infection typically lasts approximately one week, but without the use of medications the virus can continue to cause symptoms for two weeks or more. The most typical method of transmission is by moisture droplets being spread by coughing and sneezing. The young and the elderly are considered to be at a

 

 

higher risk primarily due to the vulnerable state of their immune system. People with chronic diseases, such as cancer and HIV, are also at a higher risk; for them, contracting influenza can be deadly.Annually, up to a half-million people die of influenza, and with the threat of a pandemic in any given year, government agencies and disease prevention organizations are devoted to gaining control of the situation. The 2009 pandemic generated attention to surveillance measures, pandemic preparedness, vaccine production, and antiviral control. It also revealed issues with laboratory capacity and the benefits of rapid testing in a pandemic situation.

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