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What key factors are powering the surge in the chickenpox vaccine market right now?

The market for the chickenpox vaccine has experienced robust growth in the recent past. The market value is projected to increase from $3.57 billion in 2024 to $3.8 billion in 2025, representing a compound annual growth rate (CAGR) of 6.6%. The factors contributing to this evolution during the historical period include advancements in vaccine development, regulatory authorizations, disease prevalence, immunization policies, and public health campaigns.

How fast Is the chickenpox vaccine market expected to grow, and what’s its future value?

Anticipations are high for significant expansion in the system integrator market in the forthcoming years. With projections of reaching a value of $57.46 billion in 2029, the market is forecast to grow at a 9.0% Compound Annual Growth Rate (CAGR). Factors contributing to this growth during the forecast period include initiatives for digital transformation, cloud integration services, integration of IoT and edge computing, cybersecurity integration, and the need for global expansion and scalability. Emerging trends set to dominate the forecast period also include the incorporation of robotic process automation (RPA), integration of hybrid IT environments, integration of remote work collaboration tools, an emphasis on scalability and flexibility, combined with the adoption of integration platforms as a service (IPaaS).

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What are the leading drivers of growth in the chickenpox vaccine market?

The increasing incidence of chickenpox is projected to drive the expansion of the chickenpox vaccine market. Chickenpox is a serious contagious illness resulting from the varicella-zoster virus, characterized by an itchy rash filled with fluid. The rise in chickenpox cases requires greater varicella vaccine immunization, therefore driving up the demand for chickenpox vaccines. For example, a study from September 2016 to December 2022, published by the National Library of Medicine (NLM) in the US in October 2023, revealed an average weekly rate of 3.4 chickenpox consultations per 100,000 people in England, consistently peaking between the 13th and 15th weeks each year. The COVID-19 pandemic’s social distancing and lockdowns resulted in the absence of typical epidemic peaks, however, consultation rates in 2022 were high among children below one year compared to pre-pandemic years, indicating a disruption in transmission patterns. Consequently, the escalating incidence of chickenpox is propelling the chickenpox vaccine market’s growth.

What are the key segments defining the chickenpox vaccine market?

The chickenpox vaccine market covered in this report is segmented –

1) By Vaccine: Monovalent Varicella Vaccine, Combination Varicella Vaccine

2) By Application: Mumps, Measles, Rubella, And Varicella Immunization, Herpes Zoster Immunization, Chickenpox Vaccination

3) By End-Users: Hospitals, Clinics, Other End-Users

Subsegments:

1) By Monovalent Varicella Vaccine: Live Attenuated Varicella Vaccine

2) By Combination Varicella Vaccine: Measles, Mumps, Rubella, And Varicella (MMRV) Vaccine

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Who are the key players steering the development of the chickenpox vaccine market?

Major companies operating in the chickenpox vaccine market include Merck & Co., Sanofi Pasteur, Takeda Pharmaceutical Company Limited, CSL Limited, Pfizer Inc., Seqirus, Serum Institute of India Pvt. Ltd., Bharat Biotech, Emergent BioSolutions Inc., Hualan Biological Engineering Inc., Shenzhen Kangtai Biological Products Co., Ltd., Chongqing Zhifei Biological Products Co., Ltd., Beijing Minhai Biotechnology Co., Ltd., Adimmune Corporation, Biological E. Limited, Walvax Biotechnology Co., Ltd., Zydus Cadila, Indian Immunologicals Ltd., Panacea Biotec Ltd., Bio Farma, PT Kalbe Farma Tbk, CanSino Biologics

What emerging trends are influencing the growth of the chickenpox vaccine market?

The chickenpox vaccine market is witnessing a surge in innovative drug developments, a trend that is becoming more conspicuous. Corporations dominating the market are focusing on developing new drugs that boast of superior effectiveness, creative derivatives and more to preserve their market foothold. For example, in November 2022, WHO gave its prequalification approval to Sinovac Biotech Ltd., a company specializing in vaccine research, development and manufacturing in China, for its live attenuated varicella vaccine, making it the first of its kind in the world to receive such a recognition. The Oka strain serves as the source for the creation of this vaccine, which is made in SINOVAC’s exclusive Human Diploid Cell named SV-1 strain. The manufacturing process involves the cultivation and harvesting of the virus, stabilizer addition, and then freeze-drying. It was found in a Phase III efficacy trial that the group of children aged 1-12 years who had been given the vaccine demonstrated a seroconversion rate of 97.1%, and the vaccine was 87.1% and 89.2% effective against varicella and breakthrough varicella, respectively. The vaccine also provided complete protection against both mild and severe symptoms.

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Which regions are most influential in expanding the chickenpox vaccine market?

North America was the largest region in the chickenpox vaccine market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chickenpox vaccine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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