global Shingles Vaccine Market The 2021 valuation was approximately US$3.5 billion. With a projected CAGR of 13.9% over the next decade, the market could reach a valuation of around US$14.1 billion by the end of he 2032. The global shingles vaccine market is projected. We will witness an absolute investment opportunity growth of USD 10.2 billion between 2022 and 2032.
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The shingles vaccine is usually recommended for people over the age of 50 because the risk of developing shingles increases with age. However, the vaccine is also recommended for certain groups under the age of 50, such as those with weakened immune systems.
There are currently two shingles vaccines on the market: Xostavax and Singrix. Zostavax has been available to him for over a decade, but Shingrix was approved by the U.S. Food and Drug Administration (FDA) in 2017 and has quickly become the preferred choice due to its high efficacy rate.
enterprise
- GlaxoSmithKline
- Merck
- SK Chemicals
- Green Cross Co., Ltd.
- Gene One Life Science
- bakusitec
- CanSinoBIO
- Cipla Co., Ltd.
- Pfizer Japan Inc
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In addition, aging population and increasing government initiatives to promote vaccination also contribute to the market growth. However, the high cost of vaccines and lack of reimbursement in some countries may hamper the market growth.
Overall, the shingles vaccine market is expected to continue growing over the next few years as more and more people seek to protect themselves from this painful and debilitating condition. It’s important to talk to your health care provider to determine.
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How is shingles accelerating the growth of the shingles vaccine market?
Shingles will have the fastest growth during the forecast period and is anticipated to achieve a growth rate of 14.4% during the forecast period set between 2022 and 2032. Those between the ages of 50 and 69. Based on CDC data, shingles was found to be 91% effective in preventing postherpetic neuralgia. The herpes zoster vaccine is used in immunization programs in several countries due to the decreasing rate of herpes zoster.
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Key Segments Covered By Herpes Zoster Vaccines Industry Study
Shingles Vaccine Market by Product Type:
- Herpes zoster
- Zosta Bucks
- Skyzo Star
Shingles Vaccine Market by Vaccine Type:
- recombinant vaccine
- live attenuated vaccine
Shingles Vaccine Market by Region:
- North America Shingles Vaccine Market
- Latin American Shingles Vaccine Market
- European Shingles Vaccine Market
- South Asia Shingles Vaccine Market
- East Asian Shingles Vaccine Market
- Oceania Shingles Vaccine Market
- Middle East and Africa Shingles Vaccine Market
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