Global Shingles Vaccine Market

Shingles Vaccine Market Size, Share, Growth Analysis, By Product (Shingrix, Zostavax), By Vaccine Type (Recombinant Vaccine, Live Attenuated Vaccine), By Region - Industry Forecast 2025-2032

Report ID: SQMIG35I2264 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 62 | Figures: 62

Shingles Vaccine Market Competitive Landscape

The shingles vaccine market is experiencing growth driven by factors like increasing awareness about preventive healthcare, aging populations, and rising incidences of shingles. The market is segmented based on vaccine type, distribution channel, and region. In terms of vaccine type, the recombinant subunit vaccines segment is witnessing substantial growth due to its efficacy and safety profile. North America and Europe dominate the market due to well-established healthcare systems and higher awareness. The Asia-Pacific region shows potential for growth due to its large population and increasing healthcare investments. The availability of government vaccination programs and initiatives further contribute to market expansion. The shingles vaccine market is poised for continued growth as healthcare priorities shift towards preventive measures against diseases like shingles, particularly in aging populations.

Shingles Vaccine Market Top Player’s Company Profile

  • GlaxoSmithKline (GSK) 
  • Merck & Co., Inc. 
  • Pfizer Inc. 
  • BioNTech SE 
  • SK bioscience 
  • GeneOne Life Science 
  • Curevo Inc. 
  • Vaccitech 
  • Jiangsu Recbio Technology Co., Ltd. 
  • Changchun BCHT Biotechnology Co. 

Shingles Vaccine Market

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Shingles Vaccine Market size was valued at USD 3.99 billion in 2022 and is poised to grow from USD 4.29 billion in 2023 to USD 7.71 billion by 2031, growing at a CAGR of 7.6% during the forecast period (2024-2031).

The shingles vaccine market is experiencing growth driven by factors like increasing awareness about preventive healthcare, aging populations, and rising incidences of shingles. The market is segmented based on vaccine type, distribution channel, and region. In terms of vaccine type, the recombinant subunit vaccines segment is witnessing substantial growth due to its efficacy and safety profile. North America and Europe dominate the market due to well-established healthcare systems and higher awareness. The Asia-Pacific region shows potential for growth due to its large population and increasing healthcare investments. The availability of government vaccination programs and initiatives further contribute to market expansion. The shingles vaccine market is poised for continued growth as healthcare priorities shift towards preventive measures against diseases like shingles, particularly in aging populations. 'GlaxoSmithKline (GSK) ', 'Merck & Co., Inc. ', 'Pfizer Inc. ', 'BioNTech SE ', 'SK bioscience ', 'GeneOne Life Science ', 'Curevo Inc. ', 'Vaccitech ', 'Jiangsu Recbio Technology Co., Ltd. ', 'Changchun BCHT Biotechnology Co. '

The rising prevalence of shingles globally is a significant driver for the market. As the aging population grows, the risk of shingles and related complications increases, necessitating preventive measures.

Rising Incidence of Shingles: increasing cases of shingles, particularly among the aging population, are driving the demand for shingles vaccines.

Capturing a substantial share of over 80.0% in 2022, North America emerged as the dominant player. This market ascendancy is underpinned by several factors, including the strategic presence of key industry players, advantageous reimbursement policies, and a commendable vaccine adoption rate. Notably, the U.S. exhibits a vaccine uptake of approximately 35%, while Canada registers more than 20% of its eligible population benefiting from the vaccine. The region's elevated awareness levels and robust recommendation for shingles vaccination contribute significantly to its growth trajectory throughout the forecast period. Both the U.S. and Canada prioritize Shingrix as the preferred option over Zostavax for shingles prevention due to the demonstrated high efficacy of Shingrix.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Vaccine Adjuvants Market
Buy Now GET FREE SAMPLE
Therapeutic Vaccines Market
Buy Now GET FREE SAMPLE
Nutraceutical & Vaccine Market
Buy Now GET FREE SAMPLE
Asphalt Shingles Market
Buy Now GET FREE SAMPLE
Influenza Vaccine Market
Buy Now GET FREE SAMPLE
Recombinant Vaccines Market
Buy Now GET FREE SAMPLE
Aquaculture Vaccine Market
Buy Now GET FREE SAMPLE
Veterinary Vaccines Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Shingles Vaccine Market

Report ID: SQMIG35I2264

$5,300
BUY NOW GET FREE SAMPLE