According to the latest report by IMARC Group, title “Herpes Simplex Virus Treatment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global herpes simplex virus treatment market reached a value of US$ 2.32 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.25 Billion by 2027 exhibiting a CAGR of 5.50% during 2022-2027.
Herpes simplex virus (HSV), also commonly known as herpes, is a contagious infection that can spread through saliva, semen, and vaginal secretions and cause painful blisters or ulcers. The two most common types of HSV are HSV-1 and HSV-2, which can lead to genital infections and orofacial diseases such as cold sores. It is usually diagnosed through fluid sampling, physical examinations, and blood tests. Nowadays, individuals are widely adopting medications such as acyclovir, valacyclovir, Abreva, Blistex, docosanol, allantoin, and famciclovir, which can help relieve symptoms, reduce the frequency and severity of outbreaks, and prevent the transmission of the virus.
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Herpes Simplex Virus Treatment Market Trends:
The market is primarily driven by the rising prevalence of HSV, which can also increase the risk of obtaining and transmitting human immunodeficiency virus (HIV) infection. In addition, it can lead to serious complications like encephalitis and keratitis in people with long-term or chronic illnesses such as diabetes and hypertension. Moreover, the rising outbreak of infectious diseases and increasing cases of hospital-acquired infections are augmenting the market growth. Additionally, the growing prevalence of low immunity disorders and the rising usage of unhygienic practices in various countries represent another major growth-inducing factor. Besides this, neonatal herpes can occur when an infant is exposed to HSV in the genital tract during delivery, which can cause lasting neurologic disability or death in infants. Along with this, the increasing number of people undergoing organ transplantation is also escalating the need for HSV treatment, as bone marrow and solid-organ transplants can lead to the reactivation of HSV infection. Furthermore, the surging investments in research and development (R&D) activities for developing new antiviral medications and expanding the treatment options for orolabial and genital herpes, along with the increasing utilization of antiviral cream or ointment that can relieve burning, itching, or tingling sensations of HSV, are anticipated to propel the market growth in the coming years.
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Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Herpes Simples Virus-1 Infection
- Herpes Simplex Virus-2 Infection
Breakup by Drug Type:
Breakup by Route of Administration:
Breakup by Distribution Channel:
- Hospital Pharmacy
- Drug Stores
- Retail Stores
- Online Pharmacy
Breakup by Geography:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are Agenus Inc., Apotex Inc., Avet Pharmaceuticals Inc., Carlsbad Tech, EPI Health LLC, F. Hoffmann-La Roche Ltd, Fresenius SE & Co. KGaA, GlaxoSmithKline plc, Glenmark Pharmaceuticals Limited, Merck & Co. Inc., Novartis AG, Sanofi S.A., Teva Pharmaceutical Industries Ltd. and Viatris Inc.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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