Shingles is a reactivation of the chickenpox virus in the body, causing a painful rash. The viral infection shows up on just one side of your body. People get shingles when the varicella zoster virus, which causes chickenpox, reactivates in their bodies after they have already had chickenpox. Emotional stress is considered a trigger for shingles because it has been shown to weaken the body’s immune system. Typically, the peak pain of shingles is felt within 4 or 5 days after the first symptoms develop.
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Major players operating in the global shingles vaccine market are focused on approval and launch of new products to expand their product portfolio. For instance, in March 2018, GlaxoSmithKline plc received the European Commission and the Japanese Ministry of Health, Labor, and Welfare approval for Shingrix for the prevention of shingles and post-herpetic neuralgia in adults aged 50 years and above.
Global Shingles Vaccine Market: Drivers
High prevalence of shingles is expected to propel growth of the global shingles vaccine market over the forecast period. For instance, around one million people suffer from shingles annually in the U.S., according to the Center for Disease Control and Prevention (2018).
Moreover, increasing geriatric population is also expected to aid in growth of the global shingles vaccine market. For instance, according to the U.S. Census Bureau, geriatric population in the U.S. is expected to reach 77 million by 2035.
Global Shingles Vaccine Market: Opportunities
R&D of new vaccines is expected to offer lucrative growth opportunities for players in the global shingles vaccine market. For instance, in October 2016, GlaxoSmithKline filed for U.S. FDA approval for its shingles vaccine, ‘Shingrix’.
Moreover, launch of vaccines at affordable rates is also expected to offer lucrative growth opportunities for players in the global shingles vaccine market. For instance, in February 2016, Merck & Co. launched Zostavax in India at half the price of the U.S. market.
Major players operating in the global shingles vaccine market are focused on approval and launch of new products to expand their product portfolio. For instance, in May 2019, GlaxoSmithKline plc received the National Medical Products Administration of China approval for Shingrix for the prevention of shingles in adults aged 50 years and above.
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• Current and future of global Shingles Vaccine Market outlook in the developed and emerging markets
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• The latest developments, market shares, and strategies that are employed by the major market players
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R&D of new products is expected to propel growth of the global shingles vaccine market. For instance, in August 2019, a team of researchers from Centre de research du Centre hospitalier de l’Université de Québec and the Université Laval, Québec, found that the Shingrix vaccine was cost-effective for adults age 60 years and above and likely more cost-effective than Zostavax.
Global Shingles Vaccine Market: Competitive Landscape
Major players operating in the global shingles vaccine market include, CanSinoBIO, GlaxoSmithKline plc, Green Cross Corp., Geneone Life Science, SK Chemicals, and Vaccitech
Global Shingles Vaccine Market: Segmentation
- By Product Type
- By Vaccine Type
- Recombinant Vaccine
- Live Attenuated Vaccine
- By Region
- North America
- Latin America
- Asia Pacific
- Middle East
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Shingles Vaccine Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Shingles Vaccine Industry Impact
Chapter 2 Global Shingles Vaccine Competition by Types, Applications, and Top Regions and Countries
2.1 Global Shingles Vaccine (Volume and Value) by Type
2.3 Global Shingles Vaccine (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Shingles Vaccine Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Shingles Vaccine Market Analysis
Chapter 6 East Asia Shingles Vaccine Market Analysis
Chapter 7 Europe Shingles Vaccine Market Analysis
Chapter 8 South Asia Shingles Vaccine Market Analysis
Chapter 9 Southeast Asia Shingles Vaccine Market Analysis
Chapter 10 Middle East Shingles Vaccine Market Analysis
Chapter 11 Africa Shingles Vaccine Market Analysis
Chapter 12 Oceania Shingles Vaccine Market Analysis
Chapter 13 South America Shingles Vaccine Market Analysis
Chapter 14 Company Profiles and Key Figures in Shingles Vaccine Business
Chapter 15 Global Shingles Vaccine Market Forecast (2021-2027)
Chapter 16 Conclusions
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