Towards Healthcare
Injection Flu Shot Market to Grow at 10.93% CAGR till 2034

Injection Flu Shot Market Surges with AI and mRNA Focus

Projections indicate that, the global injection flu shot market will increase from USD 10.63 billion in 2024 to USD 29.97 billion by 2034, experiencing a CAGR of 10.93% over the next 10 years. The increasing number of elderly individuals, who are more susceptible to serve flu complications, has heightened the demand for the flu vaccines. North America led the global market owing to robust healthcare infrastructure in the North America region.

Category: Pharmaceuticals Insight Code: 6381 Format: PDF / PPT / Excel

Injection Flu Shot Market Size, Key Players and Shares

The injection flu shot market size stood at US$ 10.63 billion in 2024, grew to US$ 11.8 billion in 2025, and is forecast to reach US$ 29.97 billion by 2034, expanding at a CAGR of 10.93% from 2025 to 2034.

Injection Flu Shot Market Size 2024 to 2034

The global injection flu shot market is witnessing robust growth, driven by increasing seasonal influenza prevalence, rising public awareness, and advancements in vaccine technologies, including mRNA-based formulations. North America dominates the market due to its strong healthcare infrastructure, extensive government-led immunization programs, and high acceptance of vaccination among the population. Additionally, the presence of leading pharmaceutical companies, frequent flu outbreaks, and proactive public health campaigns further reinforce the region’s market leadership, while emerging markets continue to offer new growth opportunities.

Key Takeaways

  • Injection flu shot sector pushed the market to USD 10.63 billion by 2024.
  • Long-term projections show USD 29.97 billion valuation by 2034.
  • Growth is expected at a steady CAGR of 10.93% in between 2025 to 2034.
  • North America held a major revenue share of in the market in 2024.
  • Asia-Pacific is expected to witness the fastest growth during the predicted timeframe.
  • By vaccine type / platform, the inactivated (egg-based) quadrivalent vaccines segment registered its dominance over the global market with a share of approximately 65% in 2024.
  • By vaccine type / platform, the mRNA influenza vaccines segment is expected to grow with the highest CAGR in the market during the studied years.
  • By indication / target population, the Adults ≥65 years segment held the largest revenue share of approximately 25% in the market in 2024.
  • By indication / target population, the pregnant women & high-risk groups segment is expected to show the fastest growth over the forecast period.
  • By formulation / dose type, the standard dose (0.5 ml) unadjuvanted segment held a dominant presence in the injection flu shot market with a share of approximately 70% in 2024.
  • By formulation /dose type, the recombinant/cell-based/mRNA presentations segment is expected to witness the fastest growth in the market over the forecast period.
  • By distribution / administration channel, the pharmacies & retail clinics segment held a dominant as well as fastest growing presence in the injection flu shot market with a share in 2024.
  • By payer/procurement model, the public procurement & government programs segment contributed the biggest revenue share of approximately 38% in the market in 2024.
  • By payer / procurement model, the private insurance/employer programs segment is expected to grow at the fastest CAGR in the market during the forecast period.

Quick Facts Table

Table Scope
Market Size in 2025 USD 11.8 Billion
Projected Market Size in 2034 USD 29.97 Billion
CAGR (2025 - 2034) 10.93%
Leading Region North America
Market Segmentation By Vaccine Type / Platform, By Indication / Target Population, By Formulation / Dose Type, By Distribution / Administration Channel, By Payer / Procurement Model, By Region
Top Key Players Seqirus (CSL), Sanofi Pasteur, GlaxoSmithKline (GSK), Pfizer Inc., Moderna, Inc., Lonza, IDT Biologika / Bavarian Nordic, Novartis, Skyepharma, Akston Biosciences, Merck & Co., Inc., QuidelOrtho

What is meant by Injection Flu Shot?

An injection flu shot is a vaccine administered via intramuscular injection to protect against seasonal influenza viruses, helping reduce the risk of severe illness, hospitalization, and complications. The market is driven by rising influenza prevalence, aging populations, and growing public awareness. Opportunities for growth include technological advancements in vaccine development, such as mRNA-based and high-dose formulations, government immunization programs, and expansion into emerging markets. Increasing healthcare accessibility and integration with routine vaccination campaigns further enhance market potential, ensuring broader coverage and higher uptake.

Market Outlook

  • Industry Growth Overview:  The Injection Flu Shot industry is experiencing steady growth, driven by technological advancements, rising flu prevalence, government immunization programs, and increasing public awareness, with North America leading and emerging markets offering new expansion opportunities.
  • Global Expansion: The global injection flu shot market is expanding rapidly, driven by rising influenza cases, increasing vaccination awareness, and government immunization initiatives. North America leads the market, while Asia-Pacific and Latin America are emerging regions, supported by improving healthcare infrastructure, growing pharmaceutical presence, and adoption of advanced vaccine technologies.
  • Major Investors: Major investors in the injection flu shot market include leading pharmaceutical companies such as Sanofi, GlaxoSmithKline (GSK), Pfizer, Moderna, and Johnson & Johnson, which are heavily investing in research, development, and production of advanced flu vaccines. These investments focus on mRNA technology, high-dose formulations, and expanding global distribution networks to meet rising demand. Government agencies and public health organizations also contribute funding, supporting immunization programs and boosting market growth opportunities worldwide.
  • Startup Ecosystem:  The startup ecosystem in the injection flu shot market is rapidly evolving, with emerging biotech companies focusing on innovative vaccine technologies such as mRNA-based formulations, universal flu vaccines, and faster production methods. Startups are collaborating with established pharmaceutical firms, research institutes, and government agencies to accelerate development and distribution. Investment opportunities are growing as venture capital and public funding support early-stage companies. Additionally, digital health platforms and AI-driven research are enabling startups to enhance vaccine efficacy, streamline clinical trials, and expand global market reach.

How Can AI Integration Improve the Injection Flu Shot Market?

Artificial Intelligence (AI) is revolutionizing the development of flu vaccines by enhancing strain prediction and selection accuracy. Researchers at the Massachusetts Institute of Technology (MIT) have developed an AI tool called VaxSeer, which utilizes deep learning models trained on decades of viral sequences and lab test results. VaxSeer can predict dominant flu strains and identify the most protective vaccine candidates months ahead of flu season, outperforming traditional methods in strain selection.

Similarly, at the University of Missouri, researcher Cheng Gao has created a machine learning-based tool named MAIVeSS. This computational model predicts optimal flu vaccine viruses when provided with a specific strain, aiding in the timely selection of effective vaccine candidates. These AI-driven approaches significantly improve the accuracy of flu vaccine strain selection, potentially leading to more effective vaccines and better public health outcomes.

Segmental Insights

Which Vaccine Type / Platform Segment Dominated the Injection Flu Shot Market?

The inactivated (egg-based) quadrivalent vaccines segment dominates the market with share of approximately 65% due to its proven safety, broad protection against four influenza strains, and long-standing use in annual immunization programs. Its established manufacturing processes, high availability, and widespread acceptance among healthcare providers and patients further reinforce its market leadership, making it a preferred choice for both seasonal flu prevention and large-scale vaccination campaigns worldwide.

The cell-based inactivated vaccines segment is the fastest-growing in the injection flu shot market due to its faster production timelines, higher scalability, and ability to avoid egg-adapted mutations, resulting in improved vaccine efficacy. Growing adoption in North America and Europe, coupled with increasing investments in advanced vaccine technologies and rising awareness of more effective alternatives to traditional egg-based vaccines, drives its rapid market expansion.

Why Did the Adults ≥65 years Segment Dominate the Injection Flu Shot Market?

The Adults ≥65 years segment dominated the market with share of approximately 25% target population in the injection flu shot market due to their increased susceptibility to severe influenza complications, hospitalizations, and mortality. Higher awareness, government-led vaccination campaigns, and recommendations from healthcare providers further drive vaccine uptake in this age group, making them a critical focus for seasonal immunization programs worldwide.

The pregnant women & high-risk groups segment is estimated to be the fastest-growing in the injection flu shot market due to increased awareness of influenza-related complications, strong recommendations from healthcare authorities, and government immunization programs targeting vulnerable populations. Rising adoption of vaccines among these groups enhances protection and drives rapid market growth globally.

What Made Standard Dose (0.5 mL) Unadjuvanted the Dominant Segment in the Injection Flu Shot Market?

The standard dose (0.5 ml) unadjuvanted segment dominates the market with share of 70% due to its proven safety, broad acceptance, and suitability for all age groups. It offers reliable protection with fewer side effects, making it the preferred choice for routine immunization programs and large-scale public vaccination campaigns worldwide.

The recombinant / cell-based / mRNA presentations segment is anticipated to be the fastest-growing segment in the market due to its rapid manufacturing capability, improved antigen matching, and higher efficacy compared to traditional egg-based vaccines. These technologies eliminate egg-adaptation issues, support scalability during pandemics, and attract strong government and private investments to enhance next-generation influenza vaccine development.

Which Distribution / Administration Channel Segment Led the Injection Flu Shot Market?

The Pharmacies and retail clinics segment dominate as well as fastest-growing segment in the injection flu shot market due to their easy accessibility, extended operating hours, and ability to provide convenient, walk-in vaccination services. Growing public awareness, government immunization partnerships, and pharmacist-led vaccination programs further drive this segment’s expansion, enhancing vaccination coverage across urban and rural areas.

Why Did the Public Procurement & Government Programs Segment Dominate the Injection Flu Shot Market?

The public procurement & government programs dominate the market with share of approximately 38% due to large-scale vaccination initiatives, subsidized immunization drives, and strong public health policies. Governments ensure vaccine affordability, equitable distribution, and widespread access through national immunization programs, effectively boosting vaccination rates and preventing seasonal influenza outbreaks.

The private insurance / employer programs segment is the fastest-growing in the market due to rising corporate wellness initiatives, increased healthcare awareness, and expanding insurance coverage for preventive care. Employers actively promote workplace vaccination to reduce absenteeism, while private insurers encourage flu immunization through reimbursement benefits, driving higher participation and rapid segment growth.

Regional Analysis

Which Factors Contribute to North America’s Dominance in the Injection Flu Shot Market?

North America dominates the injection flu shot market due to strong healthcare infrastructure, high vaccination awareness, and robust government immunization programs. The region’s advanced vaccine research, widespread distribution networks, and supportive reimbursement policies further strengthen its leadership in flu shot adoption.

What are the Ongoing Trends in the U.S. Market?

The U.S. represents the largest and most dominant market with share of approximately 28% due to its strong healthcare infrastructure, high vaccination coverage, and extensive government-backed immunization programs such as the CDC’s seasonal flu campaigns. The presence of leading vaccine manufacturers, advanced research capabilities, and widespread awareness about flu prevention further drive market dominance, supported by robust distribution networks and active public-private partnerships promoting annual influenza vaccination.

Which Factors make Asia Pacific Region the Fastest Growing Region?

The Asia-Pacific region is the fastest-growing injection flu-shot market because rising healthcare access, expanding immunization programs, and increased government funding accelerate vaccine uptake. Faster adoption of next-generation platforms (cell-based, recombinant) and stronger surveillance improve strain matching and demand. Public awareness campaigns, school-based drives, and expanded vaccine availability at primary care and pharmacies also boost coverage. Recent 2025 actions Australia’s amplified vaccination push and plan to introduce nasal FluMist in NSW, and Japan’s regulatory updates for seasonal vaccine composition have driven regional growth.

What are the Ongoing Trends in the China Market?

China is emerging as one of the most promising markets in the injection flu shot segment due to growing government emphasis on preventive healthcare and domestic vaccine production. National immunization programs and public-private collaborations have expanded flu shot access across urban and rural areas. In 2025, China’s National Health Commission launched enhanced influenza vaccination campaigns targeting schoolchildren and older adults, significantly boosting vaccination rates and public awareness.

What are the Latest Trends in the India Market?

India’s injection flu shot market is expanding rapidly, driven by rising healthcare awareness, improved vaccine distribution, and increasing private sector participation. Government initiatives under the Universal Immunization Programme and collaborations with state health departments are promoting adult flu vaccination. In 2025, India’s Ministry of Health introduced a seasonal flu vaccination awareness campaign across metro cities, encouraging hospital partnerships and workplace immunization drives, accelerating market growth and coverage.

How Big is the Opportunity for the Growth of the Injection Flue Shot Market in Europe?

Europe is experiencing notable growth in the injection flu shot market due to strong public health policies, high vaccination awareness, and widespread government-supported immunization programs. Advanced healthcare infrastructure, easy access to vaccines, and seasonal influenza campaigns targeting vulnerable populations, such as older adults and high-risk groups, further drive adoption. Additionally, growing uptake of next-generation vaccines like cell-based and adjuvanted formulations supports market expansion.

Value Chain Analysis

Research & Development (R&D)

The R&D phase involves virus strain selection, antigen design, and vaccine formulation to ensure safety, efficacy, and immunogenicity. Innovative platforms like cell-based, recombinant, and mRNA vaccines are also explored to enhance protection.

Key Organizations: Sanofi Pasteur, GlaxoSmithKline (GSK), Seqirus, Moderna, Pfizer

Clinical Trials & Regulatory Approval

This phase includes preclinical studies, Phase I–III clinical trials, and post-marketing surveillance to assess safety, efficacy, and dosage. Regulatory bodies review submissions for approval before market launch.

Key Organizations: U.S. Food and Drug Administration (FDA), European Medicines Agency (EMA), National Medical Products Administration (NMPA, China), Central Drugs Standard Control Organization (CDSCO, India)

Manufacturing & Distribution

Vaccines are produced at scale under strict GMP conditions, then packaged, stored, and transported through cold-chain logistics to ensure potency and safety.

Key Organizations: Pfizer, Moderna, Sanofi Pasteur, Serum Institute of India, Seqirus

Patient Support & Services

Includes vaccination awareness campaigns, education, immunization clinics, and follow-up for adverse events. Pharmacist-led programs and government initiatives ensure broad access and adherence.

Key Organizations: Centers for Disease Control and Prevention (CDC, U.S.), Ministry of Health (various countries), Pharmacies & Retail Clinics (CVS, Walgreens, Boots), Nonprofit organizations promoting vaccination

Top Vendors in Injection Flu Shot Market & Their Offerings:

Sanofi Pasteur

Offerings: Sanofi provides a range of influenza vaccines, including Fluzone (standard-dose inactivated vaccine) and Fluad (adjuvanted vaccine for seniors). They also offer FluMist (live attenuated nasal spray vaccine) and Flublok (recombinant hemagglutinin protein vaccine).

GlaxoSmithKline (GSK)

Offerings: GSK's influenza vaccine portfolio includes Fluarix and Flulaval (both trivalent inactivated vaccines). They are also exploring mRNA-based flu vaccine candidates in collaboration with other biotech firms.

CSL Seqirus

Offerings: CSL Seqirus offers a diverse range of flu vaccines, including Afluria (egg-based), Flucelvax (cell-based), and Fluad® (adjuvanted for older adults). Their Holly Springs, North Carolina facility is the largest cell-based influenza vaccine manufacturing facility in the world.

AstraZeneca

Offerings: AstraZeneca manufactures FluMist (live attenuated nasal spray vaccine), which is approved for home delivery in several U.S. states. They are also developing mRNA-based flu vaccine candidates.

Moderna

Offerings: Moderna is advancing in the development of mRNA-based influenza vaccines, leveraging their expertise from COVID-19 vaccine development to create more effective flu vaccines.

Pfizer

Offerings: Pfizer is collaborating with BioNTech to develop mRNA-based influenza vaccines, aiming to provide broader protection and faster production times compared to traditional methods.

Seqirus (a subsidiary of CSL Limited)

Offerings: In addition to their offerings under CSL Seqirus, they provide Fluad (adjuvanted vaccine) and Flucelvax (cell-based vaccine), focusing on innovative manufacturing techniques and global distribution.

Top Companies in the Injection Flu Shot Market

Recent Development in the Injection Flu Shot Market

  • In March 2025, the U.S. Food and Drug Administration (FDA) approved Flublok, a recombinant influenza vaccine, for use in individuals aged 9 years and older. Previously, it was approved only for those aged 18 years and older. This expansion aims to increase vaccine accessibility among younger populations.
  • On August 15, 2025, AstraZeneca launched FluMist Home, the first FDA-approved influenza vaccine available for self- or caregiver administration at home. This innovative service allows eligible individuals to receive the nasal spray vaccine without visiting a clinic, aiming to increase vaccination rates, especially among those with needle phobia.
  • On September 26, 2025, the World Health Organization (WHO) announced its recommendations for the composition of influenza vaccines for the 2026 southern hemisphere season. These recommendations guide vaccine manufacturers in developing vaccines that are expected to provide optimal protection against circulating strains in the upcoming season.

Segments Covered in the Report

By Vaccine Type / Platform

  • Inactivated (egg-based) Quadrivalent Vaccines
  • High-Dose & Adjuvanted Vaccines (elderly / high-risk)
  • Recombinant HA Vaccines
  • Cell-Based Inactivated Vaccines
  • mRNA Influenza Vaccines (emerging / pipeline)
  • Other (live attenuated intranasal  limited injectable share)

By Indication / Target Population

  • Adults (18–64 years)
  • Adults ≥65 years (high-dose / adjuvanted preference)
  • Children (6 months–17 years)
  • Pregnant Women & High-risk Groups
  • Healthcare Personnel & Occupational Programs

By Formulation / Dose Type

  • Standard Dose (0.5 mL) Unadjuvanted
  • High-Dose Formulations
  • Adjuvanted Formulations (MF59 or similar)
  • Recombinant / Cell-based / mRNA presentations
  • Preservative-free vs multi-dose vial splits

By Distribution / Administration Channel

  • Pharmacies & Retail Clinics
  • Primary Care / Physician Offices
  • Hospitals & Occupational Health Programs
  • Public Health / Mass Immunization Sites (seasonal campaigns)
  • Long-term Care Facilities & In-home Programs

By Payer / Procurement Model

  • Public Procurement & Government Programs (CDC / state contracts)
  • Private Insurance / Employer Programs
  • Out-of-Pocket / Cash Customers (retail pharmacies)
  • Pharmacy Benefit Managers & Contracts
  • Donor / Global Supply (PAHO, Gavi for LMICs)

By Region

  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait

Tags

  • Last Updated: 29 October 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Shivani Zoting is a dedicated research analyst specializing in the healthcare industry. With a strong academic foundation, a B.Sc. in Biotechnology and an MBA in Pharmabiotechnology, she brings a unique blend of scientific understanding and strategy.

Learn more about Shivani Zoting

Aditi Shivarkar is a seasoned professional with over 14 years of experience in healthcare market research. As a content reviewer, Aditi plays a critical role in ensuring the quality and accuracy of all market insights and data presented by the research team.

Learn more about Aditi Shivarkar

Related Reports

FAQ's

The injection flu shot market is worth USD 11.8 billion in 2025, and by 2034, it is forecasted to hit USD 29.97 billion, registering a CAGR of 10.93% over the decade.

North America is leading the injection flu shot market due to the presence of major key players high vaccination awareness, and robust government immunization programs.

Some key players include Seqirus (CSL), Sanofi Pasteur, GlaxoSmithKline (GSK), Pfizer Inc., Moderna, Inc., Lonza, IDT Biologika Bavarian Nordic, Novartis and Skyepharma among others

All individuals aged 6 months and older are recommended to receive the flu shot. Priority groups include older adults (65+), pregnant women, children, and individuals with chronic health conditions or weakened immunity.

Gavi, the Vaccine Alliance, Food and Drug Administration, American Immunization Registry Association, clinicaltrials.gov, WHO, Association of Immunization Managers, JAMA, Vaccine Access Cooperative, National Industry Associations, GOV.UK