Herpes Treatment Market size to grow by USD 723.04 Mn | Market Research Insights highlight increasing prevalence of herpes infection as Key Driver | Technavio
NEW YORK, June 28, 2022 /PRNewswire/ -- According to the research report "Herpes Treatment Market by Type and Geography - Forecast and Analysis", the market will witness a YOY growth of 5.97% at a CAGR of 3.4% during the forecast period. The report is segmented by type (herpes zoster and herpes simplex) and geography (North America, Europe, Asia, and ROW).
The global Herpes Treatment Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
Bausch Health Companies Inc.
Cipla Inc.
Eli Lilly and Co.
Gilead Sciences Inc.
GlaxoSmithKline Plc
Maruho Co. Ltd.
Merck and Co. Inc.
Novartis AG
Teva Pharmaceutical Industries Ltd.
Viatris Inc.
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Geographical Market Analysis
North America will account for 41% of market growth. In North America, the US is the primary market for herpes medications. The market in this region will expand more slowly than the market in Asia. Over the course of the projection period, the presence of a sizable patient base will support the expansion of the herpes treatment market in North America.
Furthermore, countries such as the US, Japan, Germany, France, and the UK are expected to emerge as prominent markets for Herpes Treatment Market during the forecast period.
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Key Segment Analysis
The herpes zoster segment's market share growth for herpes treatments will be high. The herpes zoster market is anticipated to increase at a faster rate than average during the projected period due to the rising prevalence of the disease and anticipated therapeutic launches for its treatment. Herpes zoster instances are on the rise for a variety of reasons, including an increase in the elderly population and the number of immunocompromised individuals.
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Parent Market Analysis
Technavio categorizes the global herpes treatment market as part of the global pharmaceuticals market within the global health care market. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global pharmaceuticals market includes the following core components:
Inputs
Inbound logistics
Operations
Outbound logistics
Marketing and sales
Service
Support activities
Innovation
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Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Bausch Health Companies Inc., Cipla Inc., Eli Lilly and Co., Gilead Sciences Inc., GlaxoSmithKline Plc, Maruho Co. Ltd., Merck and Co. Inc., Novartis AG, Teva Pharmaceutical Industries Ltd., and Viatris Inc.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis
3 Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Type
5.1 Market segments
Exhibit 15: Type - Market share 2020-2025 (%)
5.2 Comparison by Type
Exhibit 16: Comparison by Type
5.3 Herpes zoster - Market size and forecast 2020-2025
Exhibit 92: Validation techniques employed for market sizing
Exhibit 93: Information sources
11.4 List of abbreviations
Exhibit 94: List of abbreviations
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