Live Attenuated Herpes Zoster Vaccine Market was valued at USD 2.8 Billion in 2022 and is projected to reach USD 5.3 Billion by 2030, growing at a CAGR of 8.7% from 2024 to 2030.
The global market experienced steady growth from 2018 to 2022, reaching new heights as countries prioritized vaccination programs for the elderly. Increased government funding in regions like North America and Europe enabled large-scale immunization efforts. The vaccine's ability to reduce the incidence of shingles and post-herpetic neuralgia was well-documented, adding credibility and trust to the product in healthcare sectors worldwide.
As we transition into 2023-2033, the market outlook appears promising, but with some challenges. The demand for the Live Attenuated Herpes Zoster Vaccine is expected to remain high, particularly due to the continued aging of global populations and the increasing incidence of shingles among immunocompromised individuals. However, the competition from newer, recombinant vaccines could potentially affect the market share of live attenuated vaccines in the coming years.
The demand for live attenuated vaccines will likely face a slight decline compared to recombinant alternatives, which promise greater efficacy and a wider safety profile, especially in immunocompromised individuals. Nonetheless, live attenuated vaccines are still expected to be a preferred choice in areas with lower healthcare spending due to their affordability and proven effectiveness over time. The vaccine's adoption in low- and middle-income countries is expected to drive a more sustained demand, as these regions are seeing an uptick in vaccine awareness.
For market players, understanding these dynamics will be crucial for strategic planning. Vaccine manufacturers will need to focus on both supply chain optimization and cost-efficiency to maintain their position in the market. With competition heating up, both on the cost front and the innovation front, companies that can offer effective vaccines with proven long-term results are expected to have a competitive edge in the 2023-2033 outlook.
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The Live Attenuated Herpes Zoster Vaccine market has shown notable trends from 2018 to 2022, driven by the growing awareness of the shingles virus, alongside rising healthcare investments and aging populations. During this period, the vaccine's demand surged as a response to the need for effective prevention against herpes zoster, especially in adults aged 50 and older. This shift was partly propelled by various pharmaceutical companies launching the vaccine globally, contributing to its increased accessibility and market penetration.
Merck & Co.
SK Bioscience
GlaxoSmithKline (GSK)
Beike Bio
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Live Attenuated Herpes Zoster Vaccine Market
Hospital
Clinic
Epidemic Prevention Center
Others
Based on Types the Market is categorized into Below types that held the largest Live Attenuated Herpes Zoster Vaccine market share In 2023.
40-50 Years Old
50-60 Years Old
60-70 Years Old
>70 Years Old
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Live Attenuated Herpes Zoster Vaccine Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Live Attenuated Herpes Zoster Vaccine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Live Attenuated Herpes Zoster Vaccine Market, By Type
6. Global Live Attenuated Herpes Zoster Vaccine Market, By Application
7. Global Live Attenuated Herpes Zoster Vaccine Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Live Attenuated Herpes Zoster Vaccine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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