Genital Warts Treatment Market Overview:
Genital Warts Treatment Market size was valued at USD 1,600 million in 2021 and is projected to reach around USD 2,500 million in 2030 exhibiting a CAGR of 4.5% in the forecasted period.
Sexually transmitted infections, or “genital warts,” are typically brought on by the Human Papilloma Virus (HPV). It is also known that HPV can cause several forms of cancer. But generally speaking, the HPV strain that causes genital warts does not cause cancer. Furthermore, illnesses that spread by close sexual contact, vaginal, oral, or anal transmissions are known as sexually transmitted infections, or STIs. But a lot of HPV-positive individuals never even get genital warts. If warts do form, they typically do so a few months after infection. However, the warts can occasionally develop years later.
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Market Factors:
The rise in male population and the increased prevalence of human papillomavirus infections and sexually transmitted diseases (STDs) are two more factors that are anticipated to propel the genital warts treatment market’s overall expansion over the forecast period. The genital warts treatment market will also be driven during the forecast period by pharmaceutical companies’ growing emphasis on developing treatments that patients can administer on their own and the expanding availability of treatments intended for HPV target applications/indications worldwide. The genital warts treatment market is expected to grow slowly in the upcoming years due to a lack of information about the availability of therapies for different HPV indications.
Furthermore, there will be more prospects for the genital warts treatment market to grow in the near future as a result of increased research & development into medicines and treatments. Nonetheless, one of the problematic factors throughout the projection period may be the difficulties related to the use of HPV vaccines and treatments, which could hamper the market’s growth.
Market Segments:
By Drug Type
- Imiquimod
- Pod Phyllis and pod flux
- trichloroacetic acid (TCA)
- Sine catechism
- Isotretinoin
By Dosage
- Tablets
- Topicals
- Injections
By End User
- Offline
- Online
Market Geographically Analysis:
Due to the rise in STD and genital wart instances, the region’s advanced healthcare system, and product approval, North America dominates the market for genital wart treatments. Better treatment options and healthcare spending would also contribute to the region’s market’s increased revenue growth.
Nonetheless, due to favourable reimbursement circumstances and increased knowledge of genital wart management, Asia Pacific is predicted to experience notable growth in the genital warts treatment market. The presence of generic firms and the expansion of healthcare facilities in the area also contribute to the region’s revenue growth.
Top Leading Key Companies Involved in this market are:
- 3M
- Cassiopea
- Perrigo Company PLC
- Sanofi S.A.
- Novartis International AG
- AbbVie Inc.
- Bausch Health
- Glenmark Pharmaceuticals
- Lee’s Pharmaceutical Holdings, Ltd.
- Other players
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