Press release
Global Herpes Market 2021 Analysis & Forecast to 2028 by Key Players, Share, Trend, Segmentation
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.Global Herpes Market is growing due to surging volume of herpes patients as there is high prevalence of herpes infections. Increasing geriatric population and rising collaborations among players are further propelling the growth of the market. However, product recalls may hamper the growth of the market.
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Global Herpes Market Scenario
According to Data Bridge Market Research, the market for global herpes market in Asia-Pacific region has the highest market share. Market leaders are GlaxoSmithKline plc, Viatris Inc., and Fresenius Kabi AG which account for an estimated market share of approximately 55% to 60%. These companies have gained outstanding sale through providing medical device sterilization.
For instance:
In November 2019, Mylan N.V. announced the combination of the company 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 its product portfolio, leading to increased demand for its product.
In September 2018, Avet Pharmaceuticals Inc. announced the 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 sales and demand in the market, leading to increased revenue in the future.
Trends Impacting the Market
Now the question is, which other regions GlaxoSmithKline plc, Viatris Inc., and Fresenius Kabi AG are targeting? Data Bridge Market Research has estimated a large growth in North America herpes market and the market leaders targeting the U.S., Canada, and Mexico to be their next revenue pockets for 2020.
The global herpes market is becoming more competitive with companies, such as GlaxoSmithKline plc, Viatris Inc., Fresenius Kabi AG Pfizer Inc., Teva Pharmaceuticals USA, Inc. (a subsidiary of Teva Pharmaceutical Industries Ltd.), and Abbott. Ltd, as they are the top dominating companies in the market, having maximum number of products. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the global herpes market.
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The key market players for Global Herpes Market are listed below:
Abbott
Apotex, Inc.
Avet Pharmaceuticals, Inc.
Bausch Health Companies, Inc.
Cipla, Inc.
Dr. Reddy’s Laboratories Ltd.
EPI Health
Fresenius Kabi AG
GlaxoSmithKline plc.
Glenmark Pharmaceutical Inc.
USA, Maruho Co.,Ltd.
Mylan N.V.
Pfizer Inc.
Sun Pharmaceutical Industries Ltd.
Teva Pharmaceutical Industries Ltd.
Zydus Pharmaceuticals, Inc.
RECORDATI S.p.A.
Aurobindo Pharma
Amneal Pharmaceuticals LLC
Slavia Pharm S.R.L.
Blistex, Inc.
Global Herpes Market Development
In August 2017, Glenmark Pharmaceuticals Inc., USA (Glenmark) was granted final approval by the United States Food & Drug Administration (U.S. FDA) for Acyclovir Ointment USP, 5%, the generic version of Zovirax Ointment, 5%, of Valeant International Bermuda. This approval has increased the credibility of the company in the market.
Scope of Global Herpes Market
Global herpes market is segmented on the basis of regions into North America, Europe, Asia-Pacific, South America, and Middle East and Africa. These regions are further segmented into major countries including the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Switzerland, Turkey, Austria, Sweden, Belgium, Estonia and Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific, South Africa, Saudi Arabia, UAE, Egypt, Israel and Rest of Middle East and Africa, Brazil, Argentina and Rest of South America
On the basis of virus type, the global herpes market is segmented into herpes simplex and herpes zoster.
Know More Information like Facts and Figures @ https://www.databridgemarketresearch.com/reports/global-herpes-market
Research Methodology: Global Herpes Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted 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 enquiry.
The key research methodology used by 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 grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
Demand Side: Clinicians, Healthcare Professionals, Researchers, Academician.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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Data Bridge Market research
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Email:- corporatesales@databridgemarketresearch.com
About Us:
Data Bridge Market Research is a versatile market research and consulting firm with over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies ly and have a network of more than 5000+ clientele around the globe. Our coverage of industries include Medical Devices, Pharmaceuticals, Biotechnology, Semiconductors, Machinery, Information and Communication Technology, Automobiles and Automotive, Chemical and Material, Packaging, Food and Beverages, Cosmetics, Specialty Chemicals, Fast Moving Consumer Goods, Robotics, among many others. We provide a variety of services such as market verified industry reports, technology trend analysis, Formative market research, strategic consulting, vendor analysis, production and demand analysis, consumer impact studies among many others.
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