PUBLISHER: The Business Research Company | PRODUCT CODE: 1414283
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414283
“Herpes Simplex Virus Treatment Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on herpes simplex virus treatment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for herpes simplex virus treatment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The herpes simplex virus treatment market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Herpes simplex virus treatment involves addressing infections caused by the herpes simplex virus (HSV), commonly known as herpes, which can result in painful blisters or ulcers. This treatment aims to manage the symptoms of the viral infection through the use of antiviral creams or tablets.
The main types of herpes simplex virus treatment are for herpes simplex virus-1 infection and herpes simplex virus-2 infection. Herpes simplex virus type 1 (HSV-1) belongs to the Alphaherpesviridae subfamily, characterized by a linear double-stranded DNA virus. The various drugs used for treatment include acyclovir, valacyclovir, famciclovir, and others. Treatment can be administered through oral, injection, or topical routes. Several types of vaccines, including Simplirix and others, are available and sold through various distribution channels such as hospital pharmacies, drug stores, retail pharmacies, and online providers.
The herpes simplex virus treatment market research report is one of a series of new reports from The Business Research Company that provides herpes simplex virus treatment market statistics, including herpes simplex virus treatment industry global market size, regional shares, competitors with a herpes simplex virus treatment market share, detailed herpes simplex virus treatment market segments, market trends and opportunities, and any further data you may need to thrive in the herpes simplex virus treatment industry. This herpes simplex virus treatment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The herpes simplex virus treatment market size has grown strongly in recent years. It will grow from $2.24 billion in 2023 to $2.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The expansion observed in the historical period can be attributed to factors such as the increased prevalence of HSV infections, the development of antiviral medications, advancements in clinical research leading to drug approvals, efforts in patient education and awareness, and global initiatives for sexually transmitted disease (STD) prevention.
The herpes simplex virus treatment market size is expected to see strong growth in the next few years. It will grow to $3.1 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The anticipated growth in the forecast period can be attributed to advancements in antiviral therapies, an increased focus on preventive measures, potential vaccine development, the adoption of telemedicine and remote consultations, and global health initiatives. Key trends expected in the forecast period encompass the incorporation of nanotechnology, the use of telemedicine for remote consultations, exploration of natural and herbal therapies, strategies for neonatal herpes prevention, and monitoring for antiviral drug resistance.
The anticipated rise in the prevalence of sexually transmitted infections is poised to drive the growth of the herpes simplex virus treatment market in the future. Sexually transmitted diseases (STDs) or sexually transmitted infections (STIs) result from infections with specific bacteria, viruses, or other microorganisms transmitted through sexual intercourse. The treatment of the herpes simplex virus (HSV) is primarily aimed at addressing sexually transmitted illnesses such as urethritis, cervicitis, and infections leading to genital ulcers. According to the Center for Disease Control and Prevention's April 2023 report, the USA witnessed an increase in STD cases from 2020 to 2021, totaling over 2.5 million. Notably, syphilis cases surged by 32%, reaching 176,713 in 2021. Hence, the upsurge in sexually transmitted infections is a key factor propelling the herpes simplex virus treatment market.
Urbanization is expected to be a driving force behind the growth of the herpes simplex virus treatment market. Urbanization, a process fueled by economic development and industrialization, transforms rural areas into urban centers. The prevalence of HSV treatment in urban populations is attributed to higher population density, improved healthcare accessibility, and increased awareness, making it a more viable option for controlling the virus's spread in urban settings. According to the World Bank Group's April 2023 estimates, over half of the global population resides in urban areas, and this urban population is projected to grow to 6 billion, marking a 1.5 times increase by 2045. Therefore, urbanization is a significant factor driving the herpes simplex virus treatment market.
A notable trend gaining traction in the herpes simplex virus treatment market is the innovation of HSV treatments. Major companies in the market are actively engaged in developing new treatments and drugs to maintain their market position. For instance, in October 2022, Replay Therapeutics, a US-based genome writing company, introduced Eudora, its first HSV gene therapy company focusing on retinal eye disease. Eudora is the first product using synHSVTM, a high-payload-capacity HSV delivery vector, within Replay's distinct corporate structure that separates the development of technological and medicinal products. This innovative approach aims to address monogenic brain, skin, and muscle illnesses using big DNA gene therapy.
Leading companies in the herpes simplex virus treatment market are directing their efforts toward developing advanced tests, such as chip-based RT-PCR tests, to meet the demand for efficient diagnostic solutions and enhance market profitability. The chip-based RT-PCR test utilizes microchip technology for rapid and efficient nucleic acid amplification through reverse transcription-polymerase chain reaction. In January 2023, Molbio Diagnostics, an India-based molecular diagnostics manufacturer, launched Truenat HSV 1/2, a chip-based RT-PCR test approved by CDSCO for swift herpes diagnosis. This test, compatible with the Truelab infrastructure, provides sample-to-results in an hour without additional setup, employing real-time PCR technology to distinguish between HSV-1 and HSV-2, aiding in the prompt detection of oral and genital herpes.
In April 2023, SK Capital acquired Apotex Pharmaceutical Holdings Inc for an undisclosed amount, aiming to leverage Apotex's iconic brand, extensive product portfolio, international presence, and skilled team to establish itself as a leading global player in the pharmaceutical industry. Apotex Pharmaceutical Holdings, based in Canada, is a pharmaceutical company providing tablets for herpes virus treatment.
Major companies operating in the herpes simplex virus treatment market report are GlaxoSmithKline plc, Carlsbad Technology Inc., Glenmark Pharmaceuticals Ltd., Fresenius Kabi AG, Apotex Inc., Mylan N.V., Teva Pharmaceuticals Industries Ltd., Sanofi S.A., Novartis AG, Zydus Pharmaceuticals Inc., Abbott Laboratories, Amneal Pharmaceuticals Inc., Pfizer Inc., Viatris Inc., Agenus Inc., Merck KGaA, Chimerix Inc., Avet Pharmaceuticals Inc., EPI Health LLC, Bristol Myers Squibb Company, F. Hoffmann-La Roche AG, Johnson & Johnson, AbbVie Inc., AstraZeneca plc, Gilead Sciences Inc., Bayer AG, Eli Lilly and Company, BioCryst Pharmaceuticals Inc., AiCuris Anti-infective Cures GmbH, CureVac AG
North America was the largest region in the herpes simplex virus treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global herpes simplex virus treatment market report during the forecast period. The regions covered in the herpes simplex virus treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the herpes simplex virus treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The herpes simplex virus treatment market consists of sales of docosanol and penciclovir. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.