Shingles Vaccine Market was valued at USD 2.79 Billion in 2021, and it is expected to reach USD 6.02 Billion by 2029, exhibiting a CAGR of 10.1 % during the forecast period (2022-2029).
Shingles Vaccine Market Overview
The report Shingles Vaccine Market by Maximize Market Research provides detailed overview of the Shingles Vaccine Market. The Report. Helps to understand the Shingles Vaccine Market dynamics in detail. Region wise market forecasting Industry rivalry are the key highlights of the report. The segment insights in the report help to get the knowledge of the Shingles Vaccine market potential in each segment.
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Shingles Vaccine Market Report Scope and Research Methodology
The market report includes an in-depth segment-wise and region-wise analysis of drivers, restraints, growth opportunities and upcoming challenges in the Shingles Vaccine industry. The report helps in planning the Shingles Vaccine market strategies which are suitable and appropriately applicable according to specific countries and regions. To obtain accurate details of the Shingles Vaccine industry, both primary and secondary research were employed.
The data has been collected by using primary and secondary research methods to obtain accurate inferences for the Shingles Vaccine Market report. Primary Data was collected from the experts in the industry. Secondary data was collected from official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the Shingles Vaccine industry along with paid and free databases. To estimate the segment wise, regional and global Shingles Vaccine Market size, bottom-up approach was used.
Shingles Vaccine Market Regional Insights
By Region, the Shingles Vaccine market is categorised into several region including North America, Europe, Asia Pacific, South America and Middle East and Africa. The section highlights the country wise leading markets.
Shingles Vaccine Market Segmentation
Due to the vaccine's high efficiency and lack of significant side effects, Shingrix had the largest market share by Type (more than 90.0%) in 2020. Shingrix is also anticipated to experience the fastest growth during the projection period. The category is expanding as a result of increased disease awareness and the acceptance of the Shingrix vaccine in diverse regions. For instance, Shingrix, which prevents shingles, received a licence from China's National Medical Products Administration in May 2019. Due to its recommendation in South Korea, cost-effectiveness compared to Zostavax, and inclusion in vaccination programmes in specific South Korean provinces, SKYZoster is expected to grow at a significant CAGR during the projected period.
according to vaccine type The recombinant vaccine sector retained the largest proportion of more than 90.0% in 2020 as a result of Shingrix's widespread use in North America and Europe and its strong effectiveness in preventing sickness in the adult population. Two doses of Shingrix are more than 90% effective at preventing shingles in people 50 and older, according to the CDC. Due to rising disease awareness and vaccination uptake in developing countries, the market for live attenuated vaccines is anticipated to expand throughout the forecast period. On the other hand, the restriction of live attenuated immunisations in immune-compromised adults is having a negative impact on the market penetration of live attenuated vaccines.
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Shingles Vaccine Market Key Players
• GlaxoSmithKline plc.
• Merck Co., Inc.
• SK chemicals
• Green Cross Corp
• CanSinoBIO
• Geneone Life Science
• Vaccitech
• Pfizer
• Sanofi
• CSL Behring
• Curevo Inc.
• GeneOne Life Science Inc.
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Key questions answered in the Shingles Vaccine Market are:
- What is Shingles Vaccine?
- What are the global trends in the Shingles Vaccine Market?
- What are the upcoming industry applications and trends for the Shingles Vaccine Market?
- What is the expected demand for different types of products in the Shingles Vaccine Market during the forecast period?
- How is the regulatory scenario is shaping the Shingles Vaccine Market?
- Who are the leading companies and what are their portfolios in Shingles Vaccine Market?
- What are the major challenges that the Shingles Vaccine Industry could face in the future?
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Key Offerings:
- Market Share, Size Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segment, sub-segment and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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