Chicago, July 15 2022 (GLOBE NEWSWIRE) — According to the latest research report from Arizton, the global genital herpes treatment market is expected to grow at a CAGR of approximately 3.76%. About a third of MSM did not get an STI test between 2018 and 2020, while MSM with multiple sexual partners reported being tested less frequently in a cross-sectional US survey during the same period. Less monitoring and screening for STIs among MSM also increases the risk of spreading genital herpes as it may be asymptomatic or have unrecognized mild symptoms. Hence, increasing prevalence of genital herpes cases among the LGBTQ+ community will drive the demand for genital herpes treatment during the forecast period.
Scope of the Global Genital Herpes Treatment Market Report
|MARKET SIZE (2027)||$2.3 billion|
|MARKET SIZE (2021)||$2.9 billion|
|YEAR OF REFERENCE||2021|
|MARKET SEGMENTS||Drug type, distribution channel, virus type, route of administration and region|
|GEOGRAPHICAL ANALYSIS||North America, Europe, APAC, Latin America, Middle East and Africa|
|COUNTRIES COVERED||GlaxoSmithKline, Glenmark Pharmaceuticals, Viatris, Novartis, Teva Pharmaceuticals and Bausch Health Companies|
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Increase in demand for topical medications for the treatment of genital herpes
Acceptance of local/topical medications is high due to their benefits. The skin is ideal for the administration of drugs. Medical institutions and naturopaths are more frequently using online delivery systems for local or topical medications. This will provide an efficient and comfortable medical future for patients. Many other genital herpes medications are available in topical form and are also approved as over-the-counter medications. Patients can buy these drugs directly from pharmacies or online pharmacies.
The high penetration of the genital herpes treatments market in emerging economies will have a positive impact on the overall global market and contribute significantly to its growth over the forecast period. Favorable government initiatives, increase in healthcare expenditure and awareness of availability of wide range of genital herpes treatment for various patient groups will drive the growth of genital herpes treatment market in the emerging economies over the forecast period.
- In 2021, North America was the major revenue contributor and accounted for 33.15% of the global genital herpes treatment market in 2021 during the forecast period.
- The US genital herpes treatment market was estimated at $834.02 million in 2027, with North America accounting for the majority of the market with a share of 90.12%.
- Acyclovir is the major contributor in the global genital herpes treatment market, and it is expected to witness an additional strong growth of $62.96 million during the forecast period.
- Many leading companies with a wide range of genital herpes drugs have been acquired by major vendors to strengthen their market value and become a prominent player in the genital herpes treatment market.
The genital herpes treatment market is highly competitive and fragmented, even though the leaders are constantly consolidating their positions through strategic and high-profile mergers and acquisitions. Major vendors are acquiring leading companies offering drug formulations for the treatment of genital herpes to enhance their value and become top players. These vendors are implementing their R&D strategies to diversify their portfolios and expand their global presence. Novartis, GSK, Glenmark Pharmaceuticals, Viatris, Teva Pharmaceuticals and Bausch Health are key players in the global genital herpes treatment market. These key vendors add significant value to the market through their high R&D investments, diversified portfolios, and major strategic acquisitions.
- Glenmark Pharmaceuticals
- Teva Pharmaceuticals
- Bausch healthcare companies
Other Important Suppliers
- Reddy Laboratories
- Eli Lilly & Company
- Avet Pharmaceuticals
- Aurobindo Pharmacy
- centurion remedies
- Macleods Pharmaceuticals
- Zydus Group
- Torrent Pharma
- Pharmaceutical finecure
- ADLEY FORMULATIONS
- Medical remedies
- Zeelab Pharmacy
Type of drug
- Other drugs
- Retail pharmacies
- Hospital pharmacies
- Online pharmacies
type of virus
Route of administration:
- North America
- South Korea
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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