Shingles Vaccine Market Outlook: Industry Overview and Forecast (2024 to 2031)

What is Shingles Vaccine?

The Shingles Vaccine market has experienced significant growth in recent years, driven by increasing awareness about the importance of vaccination in preventing herpes zoster outbreaks. The market size of the Shingles Vaccine industry is expected to continue its upward trajectory due to the aging population, rising healthcare expenditure, and expanding immunization programs globally. Innovations in vaccine development, such as the introduction of adjuvanted vaccines, have also played a critical role in driving market growth. Additionally, the push for universal immunization policies and the availability of government-funded vaccination programs are contributing factors to the expanding market outlook for Shingles Vaccines.

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Study of Market Segmentation (2024 - 2031)

Shingles vaccine market consists of two main types: Zostavax and Shingrix. Zostavax was the first vaccine available for shingles prevention, while Shingrix is a newer and more effective option. The market for shingles vaccines is segmented based on age groups including under 50 years old, 50-60 years old, 60-70 years old, and above 70 years old. Each age group has varying levels of risk for developing shingles, with older individuals being at higher risk. The market application of shingles vaccines aims to provide preventative measures for individuals across different age groups to reduce the occurrence and severity of shingles.

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Shingles Vaccine Market Regional Analysis 

The Shingles Vaccine Market is utilized in regions like North America (NA), Asia Pacific (APAC), Europe, USA, and China to prevent shingles, a painful skin rash caused by the varicella-zoster virus. In these regions, the demand for shingles vaccines is driven by the increasing elderly population and rising awareness about preventive healthcare measures. Growing countries in this market include India, Brazil, and South Korea, due to their expanding healthcare infrastructure, increasing geriatric population, and rising disposable income levels. These countries present significant opportunities for shingles vaccine manufacturers to expand their presence and tap into new markets.

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List of Regions: North America: United States, Canada, Europe: GermanyFrance, U.K., Italy, Russia,Asia-Pacific: China, Japan, South, India, Australia, China, Indonesia, Thailand, Malaysia, Latin America:Mexico, Brazil, Argentina, Colombia, Middle East & Africa:Turkey, Saudi, Arabia, UAE, Korea

Leading Shingles Vaccine Industry Participants

The Shingles Vaccine by Merck is called Zostavax, while GlaxoSmithKline manufactures Shingrix. Both companies are market leaders in the shingles vaccine space, with Shingrix being the preferred choice due to its higher efficacy and long-lasting protection.

New entrants in the market for shingles vaccines include companies like Emergent BioSolutions and Valneva, who are developing their own vaccines to compete with Merck and GlaxoSmithKline.

Merck and GlaxoSmithKline can help grow the shingles vaccine market by increasing awareness of the importance of vaccination, conducting research to improve vaccine efficacy and safety, and expanding distribution networks to make vaccines more accessible. Their expertise, resources, and reputation in the pharmaceutical industry can also help to build trust among healthcare providers and patients, ultimately leading to increased vaccination rates and market growth.

• Merck
• GlaxoSmithKline

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Market Segmentation:

In terms of Product Type, the Shingles Vaccine market is segmented into:

• Zostavax
• Shingrix

In terms of Product Application, the Shingles Vaccine market is segmented into:

• Under 50 Years Old
• 50-60 Years Old
• 60-70 Years Old
• Above 70 Years Old

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The available Shingles Vaccine Market Players are listed by region as follows:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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The Shingles Vaccine market disquisition report includes the following TOCs:

1. Shingles Vaccine Market Report Overview


2. Global Growth Trends


3. Shingles Vaccine Market Competition Landscape by Key Players


4. Shingles Vaccine Data by Type


5. Shingles Vaccine Data by Application


6. Shingles Vaccine North America Market Analysis


7. Shingles Vaccine Europe Market Analysis


8. Shingles Vaccine Asia-Pacific Market Analysis


9. Shingles Vaccine Latin America Market Analysis


10. Shingles Vaccine Middle East & Africa Market Analysis


11. Shingles Vaccine Key Players Profiles Market Analysis


12. Shingles Vaccine Analysts Viewpoints/Conclusions


13. Appendix

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Shingles Vaccine Market Dynamics ( Drivers, Restraints, Opportunity, Challenges)

The Shingles Vaccine market is driven by the increasing aging population, growing awareness about the vaccine's effectiveness in preventing shingles and related complications, and government initiatives to promote vaccination programs. However, restraints include limited availability of the vaccine in developing countries, high cost of the vaccine, and low awareness levels among the general population. The opportunity lies in the rising demand for preventive healthcare measures among the elderly population. Challenges include vaccine hesitancy, lack of reimbursement policies, and stringent regulatory requirements for vaccine approval. Overall, the market shows potential for growth in the coming years.

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