Herpes Simplex Virus Treatment Market By Type (Herpes simplex virus-1 infection, Herpes simplex virus-2 infection), By Drug type (Acyclovir, Valacyclovir, Famciclovir), By Distribution channel (Hospital pharmacies, Drug store and retail pharmacies, Online providers): Global Opportunity Analysis and Industry Forecast, 2021-2031
The herpes simplex virus treatment market size valued for $1,724.27 million in 2021 and is estimated to reach $2,126.91 million by 2031, exhibiting a CAGR of 2.1% from 2022 to 2031.
Herpes simplex virus (HSV) is a common viral infection that affects many people worldwide. There are two types of herpes simplex virus including type 1 (HSV-1) and type 2 (HSV-2). HSV-1 is usually associated with oral herpes, causing cold sores or fever blisters around the mouth. This type of herpes also causes genital herpes if it is transmitted through oral sex. HSV-2 is the most common cause of genital herpes, but it also causes oral herpes if it is transmitted through genital-to-oral contact. HSV can spread through sexual contact and virus also be transmitted in other ways. Herpes simplex virus treatment includes antiviral medications, topical creams or ointments, and home remedies to manage symptoms. The use of antiviral drugs has shown promising results in treating the disease.
The global herpes simplex virus treatment market is majorly driven by increase in the incidences of herpes viral infections. In addition, rise in R&D activities for herpes simplex virus and development of newer & advanced formulations, such as tablets and creams, are expected to fuel the market growth. For instance, AiCuris Anti-infective Cures AG is a German biopharmaceutical company that is developing a new antiviral drug (Pritelivir) for the treatment of HSV infections. This drug, Pritelivir, works by inhibiting the virus from replicating and has been shown to be effective in reducing viral shedding and the frequency of infections in clinical trials. Thus, rise in R&D activities for herpes simplex virus propels the market growth.
In contrast, limited awareness about the diseases such as sexually transmitted infections (STIs) and herpes virus in underdeveloped countries impedes the growth of the market. However, there is an increase in awareness of herpes infections, with rise in number of people are getting tested and diagnosed. This leads to increase in the demand for effective treatments in developed countries.
Moreover, development and approvals of drugs for herpes simplex virus and growth opportunities in the emerging economies of Asia-Pacific and LAMEA regions are anticipated to drive the market growth during the forecast period. For instance, in November 2020, Amneal Pharmaceuticals, LLC announced that it has received the approval for its Abbreviated New Drug Application (ANDA) from the U.S. Food and Drug Administration (FDA) for Acyclovir Cream, 5%, a generic version of Zovirax for treatment of recurrent herpes labialis (cold sores) in immunocompetent adults and adolescents 12 years of age and older.
The herpes simplex virus treatment market is segmented into type, drug type, distribution channel, and region. By type, the market is categorized into herpes simplex virus-1 infection, and herpes simplex virus-2 infection. By drug type, the market is classified into acyclovir, valacyclovir, and famciclovir. By distribution channel, the market is divided into hospital pharmacies, drug stores & retail pharmacies, and online providers. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major key players that operate in the global herpes simplex virus treatment market are Abbott Laboratories, Amneal Pharmaceuticals LLC., Emcure Pharmaceuticals Limited, Fresenius SE & Co. KGaA, GlaxoSmithKline plc, Glenmark Pharmaceuticals Limited, Pfizer Inc., Novartis AG, Teva Pharmaceutical Industries Ltd., and Viatris Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the herpes simplex virus treatment market analysis from 2021 to 2031 to identify the prevailing herpes simplex virus treatment market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the herpes simplex virus treatment market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global herpes simplex virus treatment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Herpes simplex virus-1 infection
Herpes simplex virus-2 infection
By Drug type
Acyclovir
Valacyclovir
Famciclovir
By Distribution channel
Hospital pharmacies
Drug store and retail pharmacies
Online providers
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Viatris Inc.
Abbott Laboratories
GlaxoSmithKline plc
Pfizer Inc.
Fresenius SE and Co. KGaA
Amneal Pharmaceuticals LLC
Novartis AG
Teva Pharmaceutical Industries Ltd.
Glenmark Pharmaceuticals Limited
Emcure Pharmaceuticals Limited
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