Shingles Vaccine Market Introduction and Overview
According to SPER market research, ‘Global Shingles Vaccine Market Size- By Product, By Vaccine Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Shingles Vaccine Market is predicted to reach 20.9 billion by 2034 with a CAGR of 15.58%.
The shingles vaccine is a prophylactic vaccination intended to guard against shingles, a painful rash brought on by the varicella-zoster virus (VZV), which is also the virus that triggers chickenpox. Postherpetic neuralgia (PHN) and other shingles consequences are less likely to occur when it strengthens the immune system’s reaction. Due to an increased risk of shingles with age, the vaccine is mostly advised for older persons. The more modern recombinant vaccination (Shingrix), which is very effective, and the older live attenuated vaccine (Zostavax), which is less widely used, are the two primary varieties.
Restraints:
The high cost of the shingles vaccine restricts accessibility, particularly in low-income areas, and is one of the market’s many obstacles. Adoption is further hampered by misunderstandings and a lack of knowledge on shingles and vaccination. Issues with the supply chain, such as complicated distribution and storage, impact availability. There is still worry about vaccination reluctance brought on by mistrust of immunization programs and fear of adverse consequences. The launch of novel vaccines is delayed by regulatory obstacles and drawn-out approval procedures.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered
By Product, By Vaccine Type
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
GlaxoSmithKline plc., Pfizer Inc., Merck & Co., Inc., CanSinoBIO, Vaccitech, Green Cross Corp, Geneone Life Science, SK Bioscience.
Global Shingles Vaccine Market Segmentation:
By Product:
Based on the Product, Global Shingles Vaccine Market issegmented as; Shingrix, Zostavax, SKYZoster.
By Vaccine Type:
Based on the Vaccine Type, GlobalShingles Vaccine Market is segmented as; Recombinant Vaccine, Live AttenuatedVaccine.
By Region:
This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East& Africa.
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