Covina, Feb. 01, 2024 (GLOBE NEWSWIRE) -- “According to the recent research study, the Genital Herpes Market size was valued at about USD 2.2 Billion in 2024 and expected to grow at CAGR of 5.3% to extend a value of USD 3.7 Billion by 2034.”
What is Genital Herpes?
- Market Overview:
Genital Herpes is caused by HSV (herpes simplex virus) and had become a common sexually transmitted infection which causes blisters and lesions in genital areas. Herpes simplex virus type 1 (HSV-1) or type 2 (HSV-2) causes genital herpes, which is the major cause of genital ulcers. HSV-1 causes non-sexually transmitted oral herpes infection and is usually detected around the mouth (cold sores). HSV-1 is a virus that causes labial or pharyngeal infection and is spread mostly through non-genital contact.
Genital herpes is typically transmitted through sexual contact with an infected person, whether through vaginal, anal, or oral sex. It can also be spread through skin-to-skin contact in areas not covered by condoms or dental dams.
Symptoms of genital herpes include painful sores or blisters in the genital or anal area, as well as flu-like symptoms such as fever and swollen lymph nodes. However, some individuals may carry the virus without experiencing noticeable symptoms.
There is no cure for genital herpes, but antiviral medications can help manage and reduce symptoms. It's important for individuals with genital herpes to communicate with their sexual partners and take precautions to prevent the spread of the virus. Safe sex practices, including condom use, can reduce the risk of transmission.
- Market Dynamics:
Driving Factors:
- The widespread prevalence of genital herpes globally contributes to a consistent demand for treatment and management options.
- Evolving social norms and an increase in risky sexual behaviors contribute to the transmission of genital herpes, creating a growing market for preventive measures and therapeutic solutions.
- Ongoing research efforts in virology and antiviral medications lead to the development of more effective and targeted treatments, expanding the market with innovative solutions.
- Growing awareness campaigns and improved diagnostic methods contribute to a higher rate of genital herpes detection, prompting individuals to seek medical intervention and driving the market for testing and treatment.
- Increased investments from pharmaceutical companies and healthcare organizations in research and development of herpes treatments contribute to the expansion of available therapeutic options.
- Growing patient education initiatives and advocacy groups help reduce the stigma associated with genital herpes, encouraging individuals to seek medical attention and contributing to market growth.
- Supportive government policies, funding, and initiatives aimed at controlling the spread of sexually transmitted infections contribute to the overall growth of the genital herpes market.
- Advancements in diagnostic tools and technologies, as well as the development of new drug delivery methods, contribute to the market's expansion by enhancing treatment efficacy and patient convenience.
Restrain Factors:
- Lack of curative treatment.
- Affordability and accessibility issues.
- Limited public health initiatives.
- Drug resistance concerns.
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*Note: PMI Sample Report includes,
- Overview & introduction of market study
- Revenue and CAGR of market
- Drivers & Restrains factors of market
- Major key players in market
- Regional analysis of the market with a detailed graph
- Detailed segmentation in tabular form of market
- Recent development/news of market
- Opportunities & Challenges of Market
Report scope:
| Attribute | Details |
| Market Size 2024 | US$ 2.2 billion |
| Projected Market Size 2034 | US$ 3.7 billion |
| CAGR Growth Rate | 5.3% |
| Base year for estimation | 2023 |
| Forecast period | 2024 – 2034 |
| Market representation | Revenue in USD Billion & CAGR from 2024 to 2034 |
| Market Segmentation | By Drug Type - Acyclovir, Valacyclovir, Famciclovir and Others By Route of Administration - Oral, Injection and Topical By Distribution Channel - Hospital Pharmacy, Retail Pharmacy, Others |
| Regional scope | North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Top Leading Players in Genital Herpes Market:
- Teva Pharmaceuticals Inc.
- Apotex Inc.
- Mylan Pharmaceuticals Inc.
- Epi Health LLC.
- Zydus Pharmaceuticals
- GlaxoSmithKline LLC
- Carlsbad Tech
- Avet Pharmaceuticals Inc.
- Glenmark Pharmaceuticals Inc.
- Fresenius Kabi.
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Emerging Trends and Opportunities in Genital Herpes Market:
- The exploration of CRISPR-based technologies for targeted viral suppression is an emerging trend that holds promise in developing innovative treatment strategies.
- Advancements in RNAi therapies for silencing viral genes show potential in preventing outbreaks and reducing viral shedding in individuals with genital herpes.
- Ongoing research and development in vaccine candidates for genital herpes offer significant potential for preventive measures and long-term disease management.
- The rise of digital therapeutics and mobile applications focusing on genital herpes management, including symptom tracking and medication adherence, provides new avenues for patient engagement.
- The development of effective over-the-counter treatment options for managing genital herpes symptoms represents an opportunity to enhance accessibility and convenience for patients.
- Integration of blockchain technology for secure storage and sharing of sensitive healthcare data related to genital herpes, ensuring patient privacy and data integrity.
- Advancements in drug delivery systems, such as long-acting injectables or implants, offer opportunities for improving treatment adherence and reducing the frequency of medication administration.
- Exploration of genetic therapies and gene editing techniques for modifying host cells to resist herpes simplex virus infection presents a futuristic approach to disease management.
Challenges of Genital Herpes Market:
- The absence of a definitive cure for genital herpes poses a significant challenge, as existing treatments focus on symptom management and reducing the frequency of outbreaks.
- Insufficient awareness about genital herpes symptoms, transmission, and prevention measures contributes to delayed diagnosis, increased transmission rates, and challenges in implementing effective preventive strategies.
- Stigma associated with genital herpes can lead to psychological distress, social isolation, and reluctance to seek medical care, impacting both patient well-being and public health efforts.
- Challenges in accurately diagnosing genital herpes, especially when individuals are asymptomatic or have atypical symptoms, result in underreporting and hinder the implementation of timely interventions.
- Insufficient funding for genital herpes research can hinder the development of new therapeutic options, vaccines, and innovative approaches to disease management.
- Genital herpes can lead to complications during pregnancy, including transmission to the newborn, creating challenges in managing the infection and ensuring the health of both the mother and the child.
Recent Development:
- In May 2023, the U.S. FDA (Food and Drug Administration) approved ‘Vyjuvek’, a HSV-1 (herpes-simplex virus type 1) a vector-based gene therapy for treating wounds in patients of six months and older with DEB (dystrophic epidermolysis bullosa) with mutation(s) in collagen of type VII alpha 1 chain (COL7A1) gene.
- Detailed Segmentation:
Genital Herpes Market, By Drug, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Acycloir
- Valacycloir
- Famciclovir
- Others
Genital Herpes Market, By Route of Administration, Forecast Period up to 10 Years, (US$ Bn)
- Oral
- Injection
- Topical
Genital Herpes Market, By Distribution Channel, Forecast Period up to 10 Years, (US$ Bn)
- Hospital Pharmacy
- Retail Pharmacy
- Others
Key highlights of the Genital Herpes Market:
- Genital herpes is a prevalent sexually transmitted infection (STI) globally, with millions of new cases reported each year.
- Antiviral medications, such as acyclovir, valacyclovir, and famciclovir, remain the primary treatment options for managing genital herpes symptoms.
- Ongoing research and development efforts are aimed at exploring new therapeutic options, including vaccines, biologics, and innovative antiviral agents.
- Advancements in vaccine development for genital herpes show promise in preventing primary infection and reducing the severity and frequency of recurrent outbreaks.
- Collaborations between pharmaceutical companies, research institutions, and healthcare organizations drive innovation and accelerate the development of new therapies and preventive measures.
- Increased healthcare spending, both by individuals and governments, contributes to improved access to genital herpes testing, treatment, and preventive measures.
- North America market is estimated to witness a significantly high revenue share over the forecast period, owing to rising frequency of herpes simplex virus infections. According to the American Sexual Health Association, around half of the population in the United States is infected with HSV-1, which causes oral herpes.
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