Shingles Vaccine Market was valued at USD 3.06 Billion in 2022, and it is expected to reach USD 6.02 Billion by 2029, exhibiting a CAGR of 10.1 % during the forecast period (2023-2029)
Shingles Vaccine Market Overview:
The Shingles Vaccine market study can be tailored to include pricing trend analysis of target brands, market insights for other countries, clinical trial results data, literature research, refurbished market and product base analysis, and more. Competitive analysis can range from technology-based research to market portfolio strategies. We can provide data on as many competitors as needed, in the format and type of your choice. Our analysts can also deliver data in raw excel files, pivot tables, or assist in creating presentations based on the report’s data sets.
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Shingles Vaccine Market Scope:
The Shingles Vaccine market study provides insights into each of the top end users, with yearly estimates through 2030. The study forecasts global market revenue, sales, and growth rates, including forecasts for product, application, and geographic sectors. These forecasts help individuals understand the industry’s prospects and opportunities.
Shingles Vaccine Market Drivers:
Shingrix is preferred over Zostavax for preventing shingles and its complications due to its high efficacy, demonstrating over 90% effectiveness across various age groups. Unlike Zostavax, Shingrix is given in two intramuscular doses, administered two to six months apart. Clinical trials have shown that Shingrix remains effective for at least four years post-vaccination, with expectations of even longer-lasting protection. A major randomized clinical trial reported a 96.6% reduction in shingles incidence among individuals aged 50-59 and a 91.3% reduction in those over 70. Specifically, the vaccine reduced the risk of herpes zoster by 3.3% (from 3.54% to 0.28%) and the risk of postherpetic neuralgia by 0.3% (from 0.34% to 0.06%) over a period of three and a half years.
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Shingles Vaccine Market Segmentation:
by Drug Type
Zostavax
Shingrix
Others
by Distribution Channel
Hospital Pharmacy
Retail Pharmacy
Others
by Vaccine Type
Recombinant Vaccine
Live Attenuated Vaccine
Shingles Vaccine Market Key Players:
The competitive landscape of the Shingles Vaccine market provides information on competitors, including business overviews, financials, revenue generated, market potential, R&D investment, new market efforts, global presence, production sites and facilities, production capacity, corporate strengths and weaknesses, product introduction, product width, and breadth, and application dominance. The data points relate to businesses focused on the Shingles Vaccine industry. Key players include:
1. GlaxoSmithKline plc.
2. Merck & Co., Inc.
3. SK chemicals
4. Green Cross Corp
5. CanSinoBIO
6. Geneone Life Science
7. Vaccitech
8. Pfizer
9. Sanofi
10. CSL Behring
11. Curevo Inc.
12. GeneOne Life Science Inc.
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Shingles Vaccine Market Regional Analysis:
The regional segment of the Shingles Vaccine market analysis includes individual market influencing factors and changes in market regulations affecting current and future trends. Key variables for forecasting market conditions in specific countries include consumption volumes, production sites and volumes, import-export analysis, price trend analysis, raw material prices, and downstream and upstream value chain analysis. Forecast analysis also considers the presence and availability of global brands, challenges from local and domestic brands, and the impact of domestic tariffs and trade channels.
COVID-19 Impact Analysis on Shingles Vaccine Market:
The report includes a comprehensive analysis of the impact of Covid-19 on the [Market Name] Market. The World Health Organization has designated Covid-19 a global health emergency due to its impact on thousands of patients worldwide. The Coronavirus disease affects various segments of the [Market Name] Market.
Key Questions Answered in the Shingles Vaccine Market Report:
- What are the crucial factors aiding the Shingles Vaccine market growth?
- Which region has the maximum share in the Shingles Vaccine market?
- What will be the CAGR of the Shingles Vaccine market during the forecast period (2024-2030)?
- Which segment emerged as the leading segment in the Shingles Vaccine market?
- Who are the main players in the Shingles Vaccine market?
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