Herpes Zoster (Shingles) Market: Snapshot
Herpes zoster, also known as shingles is a skin disease, signified by extreme rashes on skin. This is caused by a virus named varicella zoster, a similar one which causes chicken pox as well. The herpes zoster can be highly excruciating. However, the disease can be cured by antibiotics. In fact, early treatment can also stop it from getting worse and causing more suffering to the patients. Shingles disease is more common in people above age of 50 years. However, the infection can affect anybody with a weak immune system.
Herpes Zoster (Shingles) Market: Trends and Opportunities
At present, the vaccination for shingles treatment are creating significant scope of in the global market to keep patients healthier. This is because it is cost-effective since it reduces unnecessary hospital stay. Medications are Valacyclovir (Valtrex), Acyclovir (Zovirax), and Famciclovir (Famvir). The predominance of antibodies coupled with the pressing need to act fast for more effective meds is evaluated to drive global herpes zoster market development. The rise in geriatric population is increasing the predominance of ailments, for instance, tumor and skin diseases. Pervasiveness of herpes zoster is growing over the globe, fueling the overall market demand.
On the flip side, high cost of antibodies is restraining vaccination drive in developing economies, owing to inadequate scope of prevention. The huge pressure on healthcare specialists is due to reduction in postherpetic neuralgia from the herpes zoster vaccine. Zostavax has been effective till a certain degree in reducing postherpetic neuralgia in due to the effect of the vaccination on reducing the risk of being affected by herpes zoster. Uncertainty in government regulations along with lack of guidance from specialists in choosing appropriate anticoagulant, improper reimbursement policy, and low accuracy are among the other factors hampering the global market growth.
Herpes Zoster (Shingles) Market: Geographical Analysis
Geographically, the global herpes zoster market is segmented into Asia Pacific, Europe, North America, and Rest of the World (RoW). The overall advancement in the medical treatment is improving day by day. Among these, North America region is anticipated to lead the market. This region is trailed by Europe. The growth in these region is credited to the rise in number of geriatric population, and increase in number of cases suffering from herpes zoster (shingles). Moreover, the presence of several manufacturing firms is another contributing factor in the growth of these region. Apart from this, the vaccination for herpes zoster is foreseen to experience a significant development as well. However, the Asia Pacific region and Rest of the World are likely to grow with the highest pace in coming years in Herpes Zoster market.
Herpes Zoster (Shingles) Market: Competitive Landscape
Foamix Ltd., Astellas Pharma, GlaxoSmithKline Plc., Merck & Co., GeneOne Life Science, Inc., TSRL, Inc., Novartis, Roche Pharmaceuticals, Epiphany Biosciences, Beijing Minhai Biotechnology Co., and NAL Pharmaceuticals Ltd. are some of the key players leading the global herpes zoster market, globally. The major reason for the growth in market is due to penetration of manufacturers in untapped regions to expand their market presence.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.