Herpes Simplex Virus Treatment Market Forecast 2023: Forecast Market Size, Drivers And Key Segments
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global herpes simplex virus treatment market is expected to grow from $2.1 billion in 2022 to $2.24 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The global herpes simplex virus treatment market size is expected to reach $2.88 billion in 2027 at a CAGR of 6.4%.
North America held the largest herpes simplex virus treatment market share, and Asia-Pacific was the fastest-growing region in 2022.
Herpes Simplex Virus Treatment Market Driver
The rise in the prevalence of sexually transmitted illnesses is projected to move the herpes simplex virus treatment market ahead. Sexually transmitted diseases (STDs) or sexually transmitted infections (STIs) are illnesses caused by an infection with specific bacteria, viruses, or other microorganisms that can be passed from one person to the next via blood, sperm, vaginal secretions, or other body fluids during sexual contact with an infected partner. HSV medication is generally used to treat sexually transmitted diseases such as urethritis, cervicitis, and infections that cause genital ulcers. According to the Centres for Disease Control and Prevention, a US-based national public health body, the number of sexually transmitted diseases (STDs) in the United States grew between 2020 and 2021, reaching more than 2.5 million in April 2023. Furthermore, the number of syphilis cases in the United States grew by 32% from 133,954 in 2020 to 176,713 in 2021. As a result, the rise in the prevalence of sexually transmitted illnesses is propelling the herpes simplex virus treatment market forward.
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Prominent Herpes Simplex Virus Treatment Market Trend
Rising HSV treatment innovations are a prominent trend gaining traction in the herpes simplex virus treatment market. To maintain their market position, major firms in the herpes simplex virus treatment industry are focusing on developing novel therapies and medications. For example, in October 2022, Replay Therapeutics, a genome writing firm based in the United States, established Eudora, its first HSV gene therapy startup focused on retinal eye condition. It is the first product developed by Replay that makes use of synHSVTM, a high-payload-capacity HSV delivery vector. Replay’s distinct corporate structure separates between the development of technical and pharmaceutical products inside disease-area-specific product enterprises. Eudora, the first of Replay’s four synHSVTM gene therapy product companies, treats monogenic brain, skin, and muscle disorders with large DNA gene therapy.
Herpes Simplex Virus Treatment Market Prominent Players
Major players in the herpes simplex virus treatment market are GSK plc, Carlsbad Technology Inc., Glenmark Pharmaceuticals Ltd., Fresenius Kabi AG, Apotex Inc., Mylan N.V., Teva Pharmaceuticals Industries Ltd., Sanofi S.A., Novartis AG, Zydus Pharmaceuticals Inc., Abbott Laboratories, Amneal Pharmaceuticals Inc., Pfizer Inc., Viatris Inc., Agenus Inc., Merck KGaA, Chimerix Inc., Avet Pharmaceuticals Inc., and EPI Health LLC.
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Key Herpes Simplex Virus Treatment Market Segments
The global herpes simplex virus treatment market 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
The Herpes Simplex Virus Treatment Global Market Report 2023 provides a comprehensive overview on the herpes simplex virus treatment market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the herpes simplex virus treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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