North America genital herpes treatment market will hold around 34.3% of global market share by 2021 owing to rising prevalence of genital herpes in U.S. and increasing healthcare spending in the region
Report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Genital Herpes Treatment market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Genital Herpes Treatment market
Growth predictions remain positive for Europe due to rising awareness regarding sexually transmissible infections and presence of leading market players in the U.K. and Germany. Spurred by this, the Europe genital herpes treatment market is projected to grow at about 3.4% CAGR during the forecast period.
Genital herpes treatment sales will accelerate at 1.5x in next ten years reaching the market valuation of US$ 2881.8 MN by the end of 2031.
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Key Points Covered in Genital Herpes Treatment Market Study
- Market estimates and forecast 2021 – 2031
- Key drivers and restrains impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competitive Mapping and Benchmarking
- Brand share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact On Genital Herpes Treatment Market and How to Navigate
- Recommendation on Key Winning Strategies
Genital herpes cases are on the rise in western hemisphere especially in U.S., U.K. and Germany. The Center of Disease Control and Prevention states that one out of every six people in U.S. between the ages of 14 to 49 years is affected with genital herpes.
Increase in demand for genital herpes treatment will create prospects for expansion of the market. The genital herpes treatment market showcased a modest growth of 4% CAGR in past five years.
Increasing demand for genital herpes treatment drugs by homosexuals to be observed in the coming years
The detailed analysis of genital herpes treatment market has helped the researchers to get crucial insights. It includes results like more prevalence of HSV-2 in homosexuals. Chances of genital herpes are more in the male same-sex partnership compared to female same-sex partnership. Homosexual men are known to be at high risk for herpes simplex virus (HSV), which can be transmitted by direct intimate contact with a person who is shedding virus, and not only through ano-genital sex.
Herpes virus type 2 (HSV2) is generally considered as a useful marker for sexual behavior in a population 50% of the homosexual population in Latin America has the risk of sexually transmitted diseases such as HSV-2 genital herpes and HIV, which would increase the demand for genital herpes treatment and drive the market.
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.
This list is indicative – full details about prominent genital herpes treatment manufacturers is available upon request
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Key Questions Answered in the Report
How much is the genital herpes treatment market worth?
Driven by increasing prevalence of genital herpes in younger population across the globe, the genital herpes treatment market is forecast to grow at 4.76% from 2021, reaching the valuation of US$ 1947.2 MN in 2021.
At what rate did the genital herpes treatment market expand in the last five years?
Between 2016 and 2020, the genital herpes treatment market grew at a 4.0% CAGR.
What will be the demand outlook/ sales forecast of genital herpes treatment?
The global genital herpes treatment sale is forecast to exceed the valuation of US$ 2881.8 MN by the end of 2031.
Which countries are key producers of genital herpes treatment?
Leading countries driving the production of the genital herpes treatment are U.S., China, and India.
What is the North America genital herpes treatment market outlook?
Demand registered in North America will continue rising, backed increasing sales in the U.S. and Canada, the North America will engulf around 34.2% of global market share by 2031.
Who are the leading five companies in genital herpes treatment market?
Novartis AG, Pfizer Inc., GlaxoSmithKline plc, Teva Pharmaceutical Industries Ltd and Abbott Laboratories are the top five companies operating in the market.
What is the cumulative share of top companies in genital herpes treatment market?
Top five market players account for around 54.5% of the global genital herpes treatment market share.
At what rate will genital herpes treatment sales increase in Europe?
Genital herpes treatment sales will increase at 3.4% CAGR in Europe, backed by rising demand in the U.K., Germany, and other countries.
Which are the top five countries driving genital herpes treatment market demand?
Leading countries driving demand in the genital herpes treatment market are U.S., China, India Germany, and U.K.
What are the key statistics for genital herpes treatment market in China and Japan?
Japan and China held 7.1% and 3.6% share, respectively in the overall genital herpes treatment market in 2021.
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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
Related Reports:
Global Genital Herpes Treatment Market Research Report 2021
Global And Japan Genital Herpes Treatment Market Insights, Forecast To 2026
Global Genital Herpes Treatment Market Insights And Forecast To 2026
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