Genital Herpes Treatment Market | Teva Pharmaceutical Industries Ltd., GlaxoSmithKline plc., Dr. Reddy’s Laboratories ltd., Novartis AG | By 2031

The global Genital Herpes Treatment Market is predicted to grow rapidly and surpass US$ 2881.8 Mn by the end of 2031, per the report’s market forecasts. During the projected period of 2021–2031, the market is anticipated to see a CAGR of 4.5%.

A typical sexually transmitted illness is genital herpes. The prevalence of health problems worldwide is rising along with the populations of different regions. The markets for treatments are anticipated to expand significantly along with the prevalence of diseases.

In terms of treating STDs like genital herpes, the market for medications like Acyclovir, Valacyclovir, and Famciclovir is there. Among the symptoms of genital herpes are HSV-1 and HSV-2.

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The increase in government spending on the healthcare sector is the main factor fueling market expansion. Many nations are putting a lot of effort into preventing infectious diseases, which benefits the market for herpes medications and increases demand from local governments and third-party payers.

Global Genital Herpes Treatment Market: Trends and Opportunities

There could be new market potential for genital herpes treatments. Herpes infection rates are rising globally, which presents a market potential for diagnostic and therapeutic products.

WHO estimates that in 2016, around 3.7 billion people worldwide (or 67% of the total population) had HSV-1 infection. Over the projection period, this indicates a significant expansion of the global market for treating HSV disease. In a similar vein, as of 2016, over 13% of people under 50 in the world (491 Mn) had HSV-2 infection.

The businesses are also attempting to offer treatment modalities that are inexpensive. Novel vaccinations offer total defence against numerous HSV1 and HSV2 strains. For the purpose of treating and preventing genital herpes illnesses, businesses are stepping up their research and development efforts. To provide affordable medications for the treatment of genital herpes, the majority of corporations are concentrating on the approval and introduction of generic pharmaceuticals in underdeveloped nations.

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Global Genital Herpes Treatment Market: Key Highlights from the Segmental Analysis

MEA is expected to come up as the most lucrative region in the industry. With the rise in sexually transmitted diseases in the region, the demand for genital herpes treatment is also expected to rise.

Regional analysis shows that MEA will witness a robust CAGR of 5.2% during the forecast period in the global genital herpes treatment market.  Based on the route of administration oral is the main segment, with the highest growth rate and highest market share in the global genital herpes treatment market.

Amongst various distribution channels, retail pharmacies hold the highest market size, but the segment lags behind in terms of growth rate. With the growth of online marketing and e-commerce, online pharmacies is the fastest growing segment which is expected to register a growth rate of 5.4% during the forecast period.

Global Genital Herpes Treatment Market: Top Companies

Some of the leading companies mentioned in the research report are Teva Pharmaceutical Industries Ltd., Abbott Laboratories, Sun Pharmaceuticals Industries Ltd., Mylan N.V., Pfizer Inc., GlaxoSmithKline plc., Dr. Reddy’s Laboratories, ltd., Novartis AG, Valeant Pharmaceuticals International Inc., etc.

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Key Segments Covered in Genital herpes treatment Market Study

Drug Type:

• Acyclovir
• Valacyclovir
• Famciclovir

Distribution Channel:

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
• Drug Stores

Route of Administration:

• Oral
• Topical
• Injectable

Indication:

• HSV-1
• HSV-2

Key Regions/Countries Covered:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Ex. Japan (APEJ)
• Japan
• Middle East & Africa

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