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2023

Herpes Simplex Virus Treatment Market

Herpes Simplex Virus Treatment Market By  Type (Herpes simplex virus-1 infection, Herpes simplex virus-2 infection), By  Drug type (Acyclovir, Valacyclovir, Famciclovir), By Distribution channel (Hospital pharmacies, Drug store and retail pharmacies, Online providers): Global Opportunity Analysis and Industry Forecast, 2022-2031

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Author's: Shraddha Mali | Roshan Deshmukh
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Herpes Simplex Virus Treatment Market Research, 2031

The global herpes simplex virus treatment market size was valued at $1,724.27 million in 2021, and is projected to reach $2,126.91 million by 2031, registering a CAGR of 2.1% from 2022 to 2031. Herpes simplex virus is one of the most common sexually transmitted infections (STIs) It is a viral infection that affects humans. There are two types of herpes simplex virus including herpes simplex virus-1 (HSV-1) and herpes simplex virus-2 (HSV-2). HSV-1 is commonly associated with oral herpes or cold sores. It can also cause genital herpes through oral sex. HSV-2 is typically associated with genital herpes and also cause oral herpes through oral sex. Both types of herpes are contagious and are spread through contact with saliva, or genital secretions of an infected person. Antiviral medications such as acyclovir, inhibit viral replication and reduce the severity and frequency of herpes. The other drugs including valacyclovir, and famciclovir work by inhibiting viral DNA synthesis, which prevent the virus from replicating and causing symptoms. These medications are available in a variety of formulations, including oral tablets, and topical ointments.

Herpes Simplex Virus Treatment Market

Market Dynamics

Growth & innovations in the pharmaceutical industry for the manufacturing of herpes simplex virus drugs creates an opportunity for the herpes simplex virus treatment market. Increase in awareness about the risks and complications of HSV infection has led to a high demand for effective treatments. This has led to increased screening and diagnosis of HSV infection, further driving the growth of the market. In addition, advances in development of new antiviral treatments have expanded the options available for the treatment of HSV infection. These new treatments are often effective and have fewer side effects which increase the demand for treatment options.

The surge in prevalence of sexually transmitted infections (STIs), including HSV infections, is driving demand for STIs testing and treatment. In addition, increase in awareness of the importance of sexual health is leading to increased demand for HSV treatments, as patients seek to manage their symptoms and reduce the risk of transmission. This has reduced the stigma associated with HSV infections and has led to increase in demand for treatments that helps to manage symptoms and reduce the risk of transmission. Furthermore, increase in healthcare expenditure in developing countries has increased access to healthcare services, including HSV treatment. This has increased the access to healthcare and surged the demand for herpes simplex virus treatment. 

There are currently no cures for HSV infection, and existing treatments are primarily focused on managing symptoms and reducing the frequency and severity of outbreaks. This has created a significant unmet medical need in the HSV treatment market, driving the development of new treatment and increase in demand for effective treatments.

Improvements in diagnostic technologies, such as PCR and serological testing, have made it easier to diagnose and differentiate between HSV-1 and HSV-2 infections. This can help to guide treatment decisions and improve patient outcomes. Moreover, the availability of insurance coverage and government reimbursement programs drive the demand for HSV treatments. However, researchers are working on developing new treatments for HSV infections, including vaccines, topical creams, and gene editing therapies. These innovative treatment options have the potential to transform the HSV treatment market and create new opportunities for the growth of the market.

In contrast, there are relatively limited number of drugs available for treating HSV infections which negatively impact the market growth. In addition, many people may not aware about HSV and its treatments. This can limit the demand for herpes simplex virus infections treatment. In contrast, the limited awareness about the diseases such as sexually transmitted infections (STIs) and herpes virus in underdeveloped countries impedes the growth of the market. However, as awareness of herpes infections is increasing, more people are getting tested and diagnosed, which leads to increase in the demand for effective treatments in developed countries and surges herpes simplex virus treatment market opportunity.

Increase in R&D activities for herpes simplex virus treatment is driving the growth of the market. Many research organizations and pharmaceutical companies are investing in the development of novel treatment options for herpes simplex virus, which is expected to drive the market growth. In addition, treatment and prevention options for herpes simplex virus, and R&D efforts are focused on understanding the biology of the virus and identifying new targets for therapy. This includes efforts to develop drugs that target viral proteins or host factors and efforts to develop new diagnostic tools that improve the accuracy and speed of diagnosis. Therefore, rise in R&D activities will provide the lucrative opportunity for the herpes simplex virus treatment market forecast. 

The COVID-19 has disrupted workflows in the healthcare sector around the world. The disease has forced a number of industries to shut their doors temporarily, including several sub-domains of health care. The global herpes simplex virus treatment market experienced a decline in 2020 due to global economic recession led by COVID-19. Due to disrupted global supply chains, leading to a shortage of raw materials and finished products, which has impacted the production and availability of antiviral drugs such as valacyclovir.

However, COVID-19 pandemic has raised awareness about the importance of antiviral treatments and the need for early diagnosis and treatment of viral infections, including herpes simplex virus infections shows the moderately growth during pandemic. In addition, the herpes simplex virus treatment market face moderately growth during pandemic. This is attributed to the increase in prevalence of herpes simplex virus. Furthermore, with the pandemic restricting the movement and leading to social distancing, there has been an increased adoption of telemedicine, which has made it easier for patients to access treatment for herpes simplex virus infections. This has led to positively impacted the herpes simplex virus treatment market growth.

Segmental Overview

The herpes simplex virus treatment market analysis is segmented into type, drug type, distribution channel and region. By type, the market is categorized into herpes simplex virus-1 infection and herpes simplex virus-2 infection. By drug type, the market is classified into acyclovir, valacyclovir, and famciclovir. By distribution channel, the market is divided into hospital pharmacies, drug stores & retail pharmacies, and online providers. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By Type

The herpes simplex virus treatment market is segmented into herpes simplex virus-1 infection and herpes simplex virus-2 infection. The herpes simplex virus-1 infection segment dominated the herpes simplex virus treatment market share in 2021 attributed to high prevalence of herpes simplex virus-1 across the globe. However, herpes simplex virus-2 infection is expected to register the highest CAGR during the forecast period. This is attributed to rise in people affected with herpes simplex virus-2 infection.

Herpes Simplex Virus Treatment Market by Type

By Drug Type

The herpes simplex virus treatment market is segmented into acyclovir, valacyclovir, and others. The valacyclovir segment dominated the herpes simplex virus treatment market size in 2021 attributed to an increase in awareness about herpes simplex virus infections, and patients are becoming more proactive in seeking early treatment. In addition, valacyclovir has a better safety profile compared to other antiviral drugs, which is increasing its adoption in the market.

Herpes Simplex Virus Treatment Market by Drug type

By Distribution Channel 
The herpes simplex virus treatment market is classified into hospital pharmacies, drug stores & retail pharmacies, and online providers. The drug stores & retail pharmacies segment held the largest herpes simplex virus treatment market share in 2021, attributed to drug stores & retail pharmacies providing variety of medications and treatment for herpes simplex virus infections including antiviral medications. However, the online providers segment is projected to register the highest CAGR during the forecast period. This is attributed to the rise in adoption of antiviral medications through online mode due to its advantages such as easy to access, time-saving, and awareness for online platforms.

Herpes Simplex Virus Treatment Market by Distribution channel

 
By Region 

The herpes simplex virus treatment market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for a major share of the herpes simplex virus treatment market in 2021, and is expected to maintain its dominance during the forecast period.

Presence of several major players, such as Abbott, Pfizer Inc., Fresenius SE & Co. KGaA, Amneal Pharmaceuticals LLC and advancement in manufacturing technology of herpes simplex virus treatment in the region drive the growth of the market. Furthermore, presence of well-established healthcare infrastructure, high purchasing power, and rise in adoption of the acyclovir for herpes simplex virus are expected to drive the market growth. Furthermore, product approval adopted by the key players in this region boost the growth of the herpes simplex virus treatment industry.

Herpes Simplex Virus Treatment Market by Region

Asia-Pacific is expected to grow at the highest rate during the forecast period. The market growth in this region is attributable to presence of pharmaceutical companies in the region as well as growth in the purchasing power of populated countries, such as China and India. Furthermore, the Asia-Pacific region exhibits the largest medicine supply and the largest pharmaceuticals industry with availability of raw material in abundance, which can be easily accessed by manufacturers of herpes simplex virus treatment. This, in turn, drives the growth of the market. Asia-Pacific offers profitable opportunities for key players operating in the herpes simplex virus treatment market, thereby registering the fastest growth rate during the forecast period, owing to the developments in infrastructure of industries, rise in disposable incomes, as well as well-established presence of domestic companies in the region. In addition, rise in contract manufacturing organizations within the region provides great opportunity for new entrants in this region boosting herpes simplex virus treatment market forecast.  

Competition Analysis

Competitive analysis and profiles of the major players in the herpes simplex virus treatment, such as Abbott Laboratories, Amneal Pharmaceuticals LLC., Fresenius SE & Co. KGaA, GlaxoSmithKline plc, Glenmark Pharmaceuticals Limited, Pfizer Inc., Novartis AG, Teva Pharmaceutical Industries Ltd., and Viatris Inc. are provided in this report. There are some important players in the market such as Emcure Pharmaceuticals Ltd and others. Key market players have adopted product approval as key developmental strategies to improve the product portfolio of the herpes simplex virus treatment industry.  

Some Example Of Product Approval In The Market

  • In November 2020, Amneal Pharmaceuticals, LLC announced that it has received the approval for its Abbreviated New Drug Application (ANDA) from the U.S. Food and Drug Administration (FDA) for Acyclovir Cream, 5%, generic version of Zovirax for treatment of recurrent herpes labialis (cold sores) in immunocompetent adults and adolescents 12 years of age and older.

 

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the herpes simplex virus treatment market analysis from 2021 to 2031 to identify the prevailing herpes simplex virus treatment market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the herpes simplex virus treatment market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global herpes simplex virus treatment market trends, key players, market segments, application areas, and market growth strategies.

Herpes Simplex Virus Treatment Market Report Highlights

Aspects Details
Market Size By 2031
Market Size By 2031

USD 2.1 billion

Growth Rate
Growth Rate

CAGR of 2.1%

Forecast period
Forecast period

2021 - 2031

Report Pages
Report Pages

349

Herpes Simplex Virus Treatment Market By  Type
By  Type
  • Herpes simplex virus-1 infection
  • Herpes simplex virus-2 infection
Herpes Simplex Virus Treatment Market By  Drug type
By  Drug type
  • Acyclovir
  • Valacyclovir
  • Famciclovir
Herpes Simplex Virus Treatment Market By Distribution channel
By Distribution channel
  • Drug store and retail pharmacies
  • Online providers
  • Hospital pharmacies
Herpes Simplex Virus Treatment Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players
Key Market Players

Glenmark Pharmaceuticals Limited, Amneal Pharmaceuticals LLC, GlaxoSmithKline plc, Abbott Laboratories, Novartis AG, Fresenius SE and Co. KGaA, Pfizer Inc., Teva Pharmaceutical Industries Ltd., Viatris Inc., Emcure Pharmaceuticals Limited

Analyst Review

This section provides various opinions of top-level CXOs in the global herpes simplex virus treatment market. According to the insights of CXOs, the global herpes simplex virus treatment market is expected to exhibit high growth potential attributable to rise in incidences of herpes simplex virus and surge in awareness toward early diagnosis. However, social stigma associated with sexually transmitted diseases coupled with rise in product recalls for herpes simplex virus, which hampers the market growth.?? 

CXOs further added that rise in number of product approvals for the herpes simplex virus treatment drives the market growth. Furthermore, North America is expected to witness highest growth, in terms of revenue, owing to rise in incidences of herpes simplex virus, presence of key players and early diagnosis of the disease along with higher health awareness in the region. This drives the market growth. However, Asia-Pacific is anticipated to witness notable growth, owing to improved healthcare awareness, increase in incidence of herpes simplex virus disease and rise in availability of herpes simplex virus drugs.

Author Name(s) : Shraddha Mali | Roshan Deshmukh
Frequently Asked Questions?

Valacyclovir is the leading drug type of herpes simplex virus treatment market.

North America is the largest regional market for herpes simplex virus treatment.

Increase in awareness about the HSV infection has led to high demand for effective treatments. This has led to increased screening and diagnosis of HSV infection, which are the upcoming trends of the market.

The global herpes simplex virus treatment market was valued at $1,724.27 million in 2021, and is projected to reach $2,126.91million by 2031, registering a CAGR of 2.1% from 2022 to 2031.

Major key players that operate in the global herpes simplex virus treatment market are Abbott Laboratories, Amneal Pharmaceuticals LLC., Emcure Pharmaceuticals Limited, Fresenius SE & Co. KGaA, GlaxoSmithKline plc, Glenmark Pharmaceuticals Limited, Pfizer Inc., Novartis AG, Teva Pharmaceutical Industries Ltd., and Viatris Inc.?

2021 is the base year of herpes simplex virus treatment market.

2022 to 2031 is the forecast year of herpes simplex virus treatment market.

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Herpes Simplex Virus Treatment Market

Global Opportunity Analysis and Industry Forecast, 2022-2031