Genital Herpes Global Market 2024 To Reach $2.85 Billion By 2028 At Rate Of 6.9%
Genital Herpes Global Market Report 2024 : Market Size, Trends, And Global Forecast 2024-2033
Genital Herpes Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UNITED KINGDOM, September 6, 2024 /EINPresswire.com/ -- The genital herpes market1 has experienced robust growth in recent years, expanding from $2.05 billion in 2023 to $2.19 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increasing awareness and diagnosis, increasing advancements in treatment, improved access to healthcare, public health campaigns, and socio-demographic factors.
What Is The Estimated Market Size Of The Global Genital Herpes Market And Its Annual Growth Rate?
The genital herpes market is projected to grow strongly, reaching $2.85 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to growing awareness and education, advancements in treatment and vaccines, increasing incidence rates, digital health technologies, expanding healthcare access, and rising STI awareness programs.
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Growth Driver Of The Genital Herpes Market
The rising focus on sexual health is expected to propel the growth of the genital herpes market going forward. The rising focus on sexual health stems from increasing recognition of its significant role in overall health and quality of life. The use of sexual health services for genital herpes primarily involves diagnosis, treatment, counseling, and ongoing management to support individuals in managing outbreaks, preventing transmission, and addressing emotional and relationship concerns associated with the condition.
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Who Are the Leading Competitors in the Genital Herpes Market Share?
Key players in the genital herpes market include Pfizer Inc, Roche Holding AG, Merck & Co. Inc. , AbbVie Inc., Sanofi SA, Abbott Laboratories, Novartis AG, GlaxoSmithKline plc.
Which Key Trends Are Driving Genital Herpes Market Growth?
Major companies operating in the genital herpes market are adopting a strategic partnership approach to enhance technological capabilities and market reach. A strategic partnership typically refers to a collaborative relationship between two or more organizations where they combine their resources, expertise, and efforts to achieve common goals or objectives.
How Is The Global Genital Herpes Market Segmented?
1) By Type: Diagnosis, Treatment
2) By Route Of Administration: Oral, Injectable, Topical
3) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Other Distribution Channel
Geographical Insights: North America Leading The Genital Herpes Market
North America was the largest region in the genital herpes market in 2023. The regions covered in the genital herpes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Genital Herpes Market Definition2
Genital herpes refers to a sexually transmitted infection (STI) caused primarily by the herpes simplex virus type 2 (HSV-2) or, less commonly, by the herpes simplex virus type 1 (HSV-1). It typically manifests as sores or blisters on the genital area, buttocks, or anal region. Genital herpes is transmitted through sexual contact with an infected person and can be managed with antiviral medications to reduce symptoms and prevent transmission to sexual partners.
Genital Herpes Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global genital herpes market report covering trends, opportunities, strategies, and more
The Genital Herpes Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on genital herpes market size3, genital herpes market drivers and trends, genital herpes market major players, genital herpes competitors' revenues, genital herpes market positioning, and genital herpes market growth across geographies. The genital herpes market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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