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What Are the Key Milestones in the Zostavax Market’s Growth Trajectory From 2025 To 2034?

In recent times, the zostavax market has experienced an XX (HCAGR). It is projected to expand from $XX million in 2024 to $XX million in 2025, showcasing a compound annual growth rate (CAGR) of XX%. Factors such as the surge in preventive healthcare, augmented access to vaccines, increased insurance coverage, a deeper understanding of shingles and its repercussions, and the integration of shingles vaccines in national immunization plans have motivated the growth during the historical period.

Over the upcoming years, the Zostavax market is projected to witness a compound annual growth rate (CAGR) of XX% and is expected to reach a market capitalization of $XX million by 2029. This anticipated growth can be attributed to factors such as escalating approval rate of new shingles vaccines by the regulatory bodies, an increased cost-effectiveness of vaccines over therapies, an upsurge in the approval of new vaccines, widespread acceptance of Shingrix in developed nations, and a rising prevalence of chronic ailments. Key trends that are predicted to shape the market in the forthcoming period include a move towards more advanced products, R&D initiatives by companies to develop new vaccines, public health campaigns and government schemes, expansion of awareness and accessibility programs for the shingles vaccine in rural areas, and technological improvements.

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What Are the Core Market Drivers Propelling Growth in the Zostavax Industry?

The growth of the Zostavax market is predicted to be driven by the development of healthcare infrastructure in emerging economies. This refers to a comprehensive network which includes facilities, devices, workforce, and systems that are necessary for delivering effective and efficient healthcare services to people. This development in emerging economies can be attributed to increasing investments in healthcare facilities and better access to healthcare services. The infrastructure aids Zostavax by providing the required facilities, resources, and channels for administering the vaccine to the intended population, particularly through clinics, hospitals, and pharmacies. For example, in May 2023, the Department of Health and Social Care, a department in the UK government, confirmed that the New Hospital Programme will receive more than $25.33 billion (£20 billion) of investment, aimed at building 40 new hospitals in England by 2030. The scheme, aside from replacing five RAAC hospitals, also encompasses constructing three mental health hospitals with the wider goal of abolishing dormitory accommodation in mental health facilities and boosting equality in physical and mental health care. Two hospitals have been finished, five are currently under construction, and over 20 are anticipated to be either underway or completed by next year’s end. Consequently, the growing healthcare infrastructure in emerging countries is propelling the Zostavax market’s growth.

How Is the Zostavax Market Segmented?

The zostavax market covered in this report is segmented –

1) By Formulation: Recombinant Vaccine (Shingrix); Live Attenuated Vaccine (Zostavax)

2) By Indication: Shingles Prevention; Post-Herpetic Neuralgia

3) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies

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Which Regions Are Driving the Next Phase of the Zostavax Market Growth?

North America was the largest region in the zostavax market in 2024. The regions covered in the zostavax market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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How Is the Zostavax Market Defined and What Are Its Core Parameters?

Zostavax is a vaccine developed to prevent shingles, a painful rash caused by the reactivation of the varicella-zoster virus, which also causes chickenpox. It is primarily recommended for adults aged 50 and older to reduce the risk of developing shingles and its associated complications, such as postherpetic neuralgia.

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