According to TechSci Research report, “Herpes Simplex Virus (HSV) Treatment Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028,” the Global Herpes Simplex Virus (HSV) Treatment Market is anticipated to grow at an impressive rate in the forecast period, 2024-2028. This can be ascribed to the increase in infectious disease outbreaks along with rising cases of hospital-acquired infection among the population across the globe. Additionally, growing demand for acyclovir across the globe and increasing demand for effective treatment for rare diseases, especially in the developed countries in North America and Europe, is expected to create lucrative opportunities for market growth in coming years. Besides, increasing transmission of herpes and a surge in the usage of unhygienic practices in underdeveloped and developing countries is further expected to support the market growth.
However, side effects related to the use of drugs and ignorance of treatment for herpes are likely to slow down the growth of the Global Herpes Simplex Virus (HSV) Treatment Market in the forecast period. Similarly, the lack of reimbursement procedures for HSV treatment and the high cost of treatment may hamper the Herpes Simplex Virus (HSV) Treatment market growth during the forecast period. Also, a lack of awareness about the new therapy for the treatment in emerging countries can further restrict the growth of the Global Herpes Simplex Virus (HSV) Treatment Market.
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The Global Herpes Simplex Virus (HSV) Treatment Market can be segmented by virus type, by treatment, by route of administration, by distribution channel, and by region.
Based on route of administration, the Global Herpes Simplex Virus (HSV) Treatment Market can be segmented into Oral, Intravenous, Topical. The topical segment dominated the market in 2022 and is expected to continue maintaining its dominance throughout the forecast period. This can be ascribed to increasing demand for consumer-friendly products which makes them feasible and highly accepted by a wide range of consumers.
Based on distribution channel, the market can be segmented into Hospital Pharmacy, Retail Pharmacy, Online Pharmacy. The hospital pharmacies segment is expected to dominate during the forecast period on account of the increasing the prevalence of chronic diseases and continuous flow of patients in the hospitals.
Major companies operating in Global Herpes Simplex Virus (HSV) Treatment Market are:
- Novartis International AG
- GlaxoSmithKline, plc.
- Sanofi SA
- Mylan N.V.
- Emcure Pharmaceuticals Ltd.
- Glenmark Pharmaceuticals Inc.
- Fresenius Kabi AG
- Apotex Inc.
- Viatris Inc.
- Teva Pharmaceuticals Industries Ltd
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“North America is expected to dominate in the Global Herpes Simplex Virus (HSV) Treatment Market on account due to the increasing demand for branded herpes drugs along with the increasing launch of generics across the region. Furthermore, increasing development of healthcare expenditure and growing favorable reimbursement policies for HSV treatment are further contributing to the demand for herpes simplex virus treatment. Besides, the availability of skilled professionals and early adoption of advanced treatments for herpes treatment in the region is further expected to create lucrative opportunities for market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Herpes Simplex Virus (HSV) Treatment Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Virus Type (HSV-1 v/s HSV-2), By Treatment (Drugs v/s Vaccines), By Route of Administration (Oral, Intravenous, Topical), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy), By Region,” has evaluated the future growth potential of Global Herpes Simplex Virus (HSV) Treatment Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Herpes Simplex Virus (HSV) Treatment Market.
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