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
Maximize Market Research looks deep into the Shingles Vaccine Market, concentrating on each segment while considering global and regional trends. To create a balanced Shingles Vaccine market environment, is thoroughly addressed the drivers and main barriers. The Shingles Vaccine market is divided into various categories, such as products, applications, vendors, and geographies, in order to provide readers with a comprehensive view of the industry. The research also includes industry statistics that illustrate the Shingles Vaccine market & long-term prospects.
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Shingles Vaccine Market Scope
The Shingles Vaccine Market, report include detailed financial information about major key players, revenue sales growth, market price analysis and size and volume of the market. The report covers Shingles Vaccine market strategies, customer preferences, current competitor, government restrictions and future market view to the investors. Shingles Vaccine Market trends and segment analysis was conducted to estimate the market size. The report covers market drivers, opportunities and restraints affecting the Shingles Vaccine market growth.
The report includes a SWOT and PESTEL analysis of the Shingles Vaccine market. Also, the report evaluates the market segments based on market volume, market size, market volume, and investment potential, and incremental revenue of the Shingles Vaccine market. Primary and secondary research was conducted in the Shingles Vaccine market research. Primary research includes interviews with industry experts and 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 strongest 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.
Based on Vaccine Type, Due to the significant adoption of Shingrix in North America and the European area, as well as the high efficiency of the recombinant vaccine to prevent illness in the adult population, the recombinant vaccine sector held the greatest share of more than 90.0% in 2020. The CDC reports that two doses of Shingrix are more than 90% effective in preventing shingles in individuals 50 and older. The live attenuated vaccine sector is expected to grow over the forecast period due to increased illness awareness and immunisation acceptance in emerging nations. The limiting of live attenuated vaccinations in immune-compromised adults, on the other hand, is having a detrimental influence on market penetration of live attenuated vaccines. The approval of SK Bioscience’s vaccine SKYZoster, on the other hand, is expected to drive the category over the forecast period.
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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.
Table Of Content:
1. Global Shingles Vaccine Market: Research Methodology
2. Global Shingles Vaccine Market: Executive Summary
2.1. Market Overview and Definitions
2.1.1. Introduction to Global Shingles Vaccine Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Shingles Vaccine Market: Competitive Analysis
3.1. MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2. Consolidation in the Market
3.2.1 M&A by region
3.3. Key Developments by Companies
3.4. Market Drivers
3.5. Market Restraints
3.6. Market Opportunities
3.7. Market Challenges
3.8. Market Dynamics
3.9. PORTERS Five Forces Analysis
3.10. PESTLE
3.11. Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12. COVID-19 Impact
Regional Analysis
The European region, North American region, Asia-Pacific region, the Middle East and Africa region, and Latin America are the five primary world regions included in the Shingles Vaccine market report. The Shingles Vaccine market Research identifies the market’s key geographies, as well as notable segments and sub-segments. The Shingles Vaccine market report includes figures, geographies, revenue, and in-depth analysis of the business chain structure, opportunities, and industry news of the Shingles Vaccine market.
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Key Questions answered in the Shingles Vaccine Market Report are:
- What is Shingles Vaccine?
- What was the Shingles Vaccine market size in 2021?
- What is the expected Shingles Vaccine market size by 2029?
- What is the growth rate of the Shingles Vaccine Market?
- Which are the factors expected to drive the Shingles Vaccine market growth?
- Which segment dominated the Shingles Vaccine market growth?
- What is the demand pattern for the Shingles Vaccine market?
- Which region held the largest share in the Shingles Vaccine market?
- Who are the key players in the Shingles Vaccine market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Shingles Vaccine
- Landscape- Leading key players and other prominent key players.
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