Herpes market is expected to gain significant growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyzes that the market is growing with a CAGR of 6.6% in the forecast period of 2021 to 2028 and is expected to reach USD 1,627.74 million by 2028 from USD 1020.91 million in 2020. Rising prevalence of herpes infections and increasing geriatric population are major drivers, which are expected to boost the growth of the market in the forecast period.
A growing number of people are affected with by the herpes simplex virus, which demands highly effective and advanced anti-herpetic treatment to minimize the risk during the treatment. The healthcare systems need highly advanced drugs for numerous different types of herpes during the treatment of patients. Therefore, major market players are highly focusing on product launches and product approvals. Additionally, governments and regulatory bodies are supporting market players by virtue of product approvals.
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Market Analysis and Insights: Herpes Market:
Rising prevalence of herpes diseases and increase in health expenditure across regions have accelerated the need for anti-herpetic drugs in healthcare facilities, which is driving the growth of the herpes market. In addition, surging volume of geriatric people is further propelling the market growth. However, high cost of anti-herpetic medicines and product recalls are anticipated to hinder market growth in the projected period. On the other hand, strategic initiatives by market players and soaring number of anti-herpetic drugs manufacturers act as an opportunity for this market and is expected to impel the market growth. However, disruption in supply chain of herpes drugs and injections during covid-19 and lack of workforce in pharma industries are key challenges for this market.
The global herpes market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market.
Herpes Market Scope and Market Size
The global herpes market is segmented on the basis of virus type, product, drug type, age, route of administration, distribution channel, and end users. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
· On the basis of virus type, the global herpes market is segmented into herpes simplex and herpes zoster. In 2021, herpes simplex segment is expected to dominate the market due to rise in prevalence of herpes infections due to unprotected sex with an infected partner.
· On the basis of product, the global herpes market is segmented into acyclovir, docosanol, valacyclovir, famciclovir, and others. In 2021, acyclovir segment is expected to dominate the market as it effectively lessens the infection symptoms and increases healthcare expenditure due to growing healthcare awareness among people.
· On the basis of drug type, the global herpes market is segmented into prescription drug and over-the counter drug. In 2021, prescription drug segment is expected to dominate the market owing to rise in prevalence of viral diseases, such as HPV, HIV/AIDS and measles.
· On the basis of age, the global herpes market is segmented into adult and pediatrics. In 2021, adult segment is expected to dominate the market owing to growing geriatric population due to the increasing life expectancy of people.
Table of Contents: Global Herpes Market
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Covid-19 Impact on Herpes in Healthcare Industry
7 Global Herpes Market, by Product Type
8 Global Herpes Market, by Modality
9 Global Herpes Market, by Type
10 Global Herpes Market, by Mode
11 Global Herpes Market, by End User
12 Global Herpes Market, by Geography
13 Global Herpes Market, Company Landscape
14 Swot Analysis
15 Company Profiles
16 Questionnaire
17 Related Reports
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