Global Zoster Vaccine Market Overview:
Herpes zoster is defined as the viral infection which affects the cranial nerves that originate in the brain. It mostly causes a blistering painful rash on the skin that lasts for more than 2 weeks. It is mainly produced by the varicella-zoster virus, the same virus which also causes chicken pox. This virus can stay latent for so many years in the human body. Consequently, anyone who has had chickenpox in the past is at the risk of developing shingles. On December 2018, as per an article published by Disease Control and Prevention (CDC), more than 1 million cases shingles reported every year in the United States. Hence, the rising number of viral infectious diseases worldwide and rising old population worldwide are some of the major drivers which are propelling the growth of the market.
Growth Drivers
- Increase in the Prevalence and Incidence of Shingles Disease around the World
- Increase in the Global Ageing Population
Roadblocks
- High Cost of Zoster Vaccines
Opportunities
- Rising Demand from Emerging Economics Such as India, China and Others
Challenges
- Lack of Awareness and Unfavorable Insurance Coverage
Competitive Landscape:
Some of the key players profiled in the report are Merck& Co., Inc. (United States), GlaxoSmithKline plc (United Kingdom), Cipla Inc. (India) and Pfizer Inc. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Zoster Vaccine market by 2026. Considering Market by End Users, the sub-segment i.e. Hospitals will boost the Zoster Vaccine market.
On October 2016, the GlaxoSmithKline (United States) Company had received FDA approval for its shingles vaccine. This approval will help in strengthening the position of the company in the United States. and On 2006, the Merck & Co., Inc. (United States) Company had licensed Zostavax for prevention of shingles. This will, in turn, propel the growth of Zoster vaccine market.
What Can be Explored with the Zoster Vaccine Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Zoster Vaccine Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Zoster Vaccine
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Zoster Vaccine market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Zoster Vaccine market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Raw Material Suppliers, Manufacturers, System Integrators, Distributors and End-users.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.