MARKET OUTLOOK
As per an analysis, the influenza vaccines market in the Middle East and Africa is set to surge at a CAGR of 6.18% during the forthcoming years 2019-2028. Saudi Arabia, Turkey, South Africa, the United Arab Emirates and Rest of Middle East & Africa are studied in the Middle East and Africa influenza vaccines market.The government of Saudi Arabia prioritizes the healthcare segment as a top priority in the country. About $39.2 billion was allocated for the Healthcare and Social Development sector in 2018. It is reported that 22% of this budget will be spent on the Saudi Vision 2030 initiative. In conformity with the government Vision 2030 and the 2020 National Transformation Plan (NTP), the Ministry of Health will spend around $71 billion over five years. These factors are expected to flourish the demand for the influenza vaccines market in the country in the next few years.
In South Africa, influenza is a well-understood disease, causing about 128,000 infections and 11,000 deaths every year. According to a study of South African data during 2013-2015, it is reported that the cost of treating influenza is ZAR 4 billion annually. The country’s healthcare expenditure is about 8.8% of the total GDP, which is considerably higher than in many other developing countries. However, hospital furniture, monitoring equipment and supplies are in shortage, leading to increased cases of medical errors. Hence, the growth potential of the influenza vaccines market in the country is high, when coupled with favorable government policies and public awareness among the public.
COMPETITIVE OUTLOOK
The significant players in the influenza vaccines market are BioDiem, Abbott, Sanofi, CSL Limited and GlaxoSmithKline Plc.Table of Contents
1. Middle East and Africa Influenza Vaccines Market - Summary
2. Industry Outlook
3. Influenza Vaccines Market Outlook - by Type
4. Influenza Vaccines Market Outlook - by Technology
5. Influenza Vaccines Market Outlook - by Age Group
6. Influenza Vaccines Market Outlook - by Delivery Mode
7. Influenza Vaccines Market – Middle East and Africa
8. Competitive Landscape
9. Research Methodology & Scope
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Merck Sharp & Dohme Corp
- Novartis AG
- Pfizer Inc
- Sanofi
- Biodiem
- Emergent Biosolutions Inc
- F. Hoffmann-La Roche Ltd
- GlaxoSmithKline plc
- Abbott
- CSL Limited