The Herpes Simplex Virus Treatment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Herpes Simplex Virus Treatment Global Market Report 2024, The herpes simplex virus treatment market size has grown strongly in recent years. It will grow from $2.24 billion in 2023 to $2.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increased prevalence of hsv infections, antiviral medications development, clinical research and drug approvals, patient education and awareness, global efforts for std prevention.
The herpes simplex virus treatment market size is expected to see strong growth in the next few years. It will grow to $3.1 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to advancements in antiviral therapies, focus on preventive measures, potential vaccine development, telemedicine and remote consultations, global health initiatives. Major trends in the forecast period include incorporation of nanotechnology, telemedicine for remote consultations, natural and herbal therapies, strategies for neonatal herpes prevention, antiviral drug resistance monitoring.
The surge in the prevalence of sexually transmitted infections is expected to propel the growth of the herpes simplex virus treatment market going forward. Sexually transmitted diseases (STDs) or sexually transmitted infections (STIs) refer to an illness brought on by an infection with specific bacteria, viruses, or other microorganisms that can be spread from one person to another through blood, semen, vaginal secretions, or other body fluids during sexual intercourse with an infected partner. Herpes simplex virus or HSV treatment is primarily used to treat sexually transmitted illnesses, including urethritis, cervicitis, and infections that cause genital ulcers. For instance, in April 2023, according to the Center for Disease Control and Prevention, a US-based national public health agency, the number of sexually transmitted diseases (STDs) in the USA increased between 2020 and 2021, reaching a total of more than 2.5 million. Further, syphilis cases in the US increased by 32% from 133,954 in 2020 to 176,713 in 2021. Therefore, the surge in the prevalence of sexually transmitted infections is driving the growth of the herpes simplex virus treatment market.
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The herpes simplex virus treatment market covered in this report is segmented –
1) By Type: Herpes Simplex Virus-1 Infection, Herpes Simplex Virus-2 Infection
2) By Drug Type: Acyclovir, Valacyclovir, Famciclovir, Other Drugs
3) By Route Of Administration: Oral, Injection, Topical
4) By Vaccine: Simplirix, Other Vaccines
5) By Distribution Channel: Hospital Pharmacies, Drug store, Retail Pharmacies, Online Providers
Rising innovations in HSV treatment are a key trend gaining popularity in the herpes simplex virus treatment market. Major companies operating in the herpes simplex virus treatment market are focused on innovating new treatments and drugs to sustain their position in the market. For instance, in October 2022, Replay Therapeutics, a US-based genome writing company, launched Eudora, its first HSV gene therapy company focused on retinal eye disease. It is the first product firm Replay created to use synHSVTM, a high-payload-capacity HSV delivery vector. Within disease-area-specific product firms, Replay’s unique corporate structure distinguishes between the development of technological and medicinal products. The first of Replay’s four synHSVTM gene therapy product firms, Eudora, use big DNA gene therapy to treat monogenic brain, skin, and muscle illnesses. The other three companies use small-molecule DNA gene therapy.
The herpes simplex virus treatment market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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