Herpes Market Expected to Hit US$ 1,627.74 Billion by 2028
Herpes market report comprises of the most recent market information with which companies can have in depth analysis of healthcare industry and future trends. By applying market intelligence for this report, industry experts assess strategic options, outline successful action plans and support companies with critical bottom-line decisions. Competitive analysis studies of this credible market report helps to get ideas about the strategies of key players in the market. Not to mention, the scope of Herpes market research report can be broadened from market scenarios to comparative pricing between major players, cost and profit of the specified market regions.
The high quality Herpes market report lends a hand to business in every sphere of trade to take first-class decisions, to tackle the toughest business questions and reduce the risk of failure. The important highlights of this market report are key market dynamics, current market scenario and future prospects of the sector. Herpes marketing report is an absolute overview of the market that spans various aspects such as product definition, customary vendor landscape, and market segmentation based on various parameters such as type of product, its components, type of management and geography.
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Leading Key Players Operating in the Herpes Market Includes:
- Apotex, Inc.
- Avet Pharmaceuticals, Inc
- Bausch Health Companies, Inc
- Cipla, Inc.
- Reddy’s Laboratories Ltd.
- EPI Health
- Fresenius Kabi AG
- GlaxoSmithKline plc
- Glenmark Pharmaceutical Inc
Key Market Analysis and Insights:
Global 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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- In November 2019, Mylan N.V. announced collaboration with Upjohn, a division of Pfizer, the new company formed would be named Viatris. The merger of both the companies to develop a combined firm has expanded their product portfolio, leading to increased demand for their products in the market.
- In September 2018, Avet Pharmaceuticals Inc. announced immediate availability of Acyclovir 200 mg Capsules. This launch enhanced Avet’s broad portfolio of generic oral solid products. This new drug launched by the company has increased its demand in the market, leading to increased revenue in the future.
Global 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.
Herpes Market, By Region:
Global Herpes market is analyzed and market size insights and trends are provided by country, product as referenced above.
The countries covered in the Herpes market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the Herpes market because of the rise in the cases of arrhythmic diseases, favorable reimbursement policies for patients, high demand for advanced treatment methods and developed healthcare infrastructure in the region. Asia-Pacific is estimated to grow in the forecast period due to the high prevalence of cardiovascular diseases, increase in adoption of advanced digital devices, large population and launch of new innovative products.
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Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Apart from this, data models include Vendor Positioning grids, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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
17 Related Reports
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