Cold Sore Treatment Market is Booming Worldwide with USD 1376.06 Million during the Forecast Period 2029

Data Bridge Market Research analyses that the Cold Sore Treatment Market was valued at USD 825.24 million in 2021 and is expected to reach USD 1,376.06 million by 2029, registering a CAGR of 6.60% during the forecast period of 2022 to 2029.

The wide-reaching Cold Sore Treatment Market report underlines the specific study of the ABC industry which explains what the market definition, classifications, applications, engagements, and global industry trends are. The market data analysed and evaluated in this market report makes achieve the business goals and objectives in preset time frame. It highlights a wide-ranging evaluation of the market's growth prospects and restrictions. This business report is very useful to all sizes of business which makes it simpler to take informed decisions regarding different facets of ABC industry. Cold Sore Treatment Market analysis report truly acts as a backbone to the business.

The top notch Cold Sore Treatment Market research report acts as an innovative solution for the businesses in today's changing market place and hence this market document is generated. Key players in the market, major collaborations, merger and acquisitions along with trending innovation and business policies are also reviewed in this report. The report has a list of key competitors with the required specifications and also provides the strategic insights and analysis of the key factors influencing the industry. The data and information of the universal Cold Sore Treatment Market report not only helps business make data-driven decisions but also guarantees maximum return on investment (ROI).

According to World Health Organization statistics, from 2020, around 3.7 million persons nationwide were infected with HSV 1. Direct contact with infected skin or saliva transmits the HSV-1 virus. Primary infection can produce a fever, aching gums, a sore throat, and swollen or irritated glands in the neck in children. The virus then becomes dormant in nerve roots close to the affected skin. The virus only rarely, if ever, reactivates in certain persons. Recurrences of the virus, known as secondary herpes episodes, can occur in certain people, resulting in cold sores. While the exact reason of reactivation has yet to be discovered, a range of factors, such as stress, dental treatment, illness, lip trauma, or sun exposure, might trigger an outbreak.

A cold sore is a fluid-filled blister that occurs on the lips or around the mouth. Fever blisters, oral herpes, and herpes labialis are all terms used to describe cold sores. Herpes simplex is the virus that causes them. Herpes simplex virus 1 is the most prevalent strain of the virus that causes cold sores. Antiviral ointments, including acyclovir and penciclovir , are applied on sores as part of the treatment. These may work for some people, but they are frequently ineffective. Antiviral oral drugs such as famciclovir, acyclovir and valacyclovir can help reduce the duration and severity of sores. Symptoms may be relieved by applying over-the-counter pain relievers to the sores (topical). Anti-inflammatory drugs could potentially be beneficial.

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Cold Sore Treatment Market Dynamics

Drivers
• High prevalence rate of HSV infection

The rising prevalence of HSV infection across the globe will act as a major driver that will result in the expansion of the market's growth rate. In persons with long-term or chronic conditions, HSV increases the chance of acquiring and transmitting HIV infection and can cause significant complications such as encephalitis and keratitis. This, combined with the rising number of patients with chronic conditions, is one of the major factors driving the demand for HSV therapy worldwide.

• Increasing investment for healthcare infrastructure

Another significant factor influencing the growth rate of cold sore treatment market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.

Furthermore, a surging number of government initiatives to spread awareness and increase the geriatric population will expand the cold sore treatment market. Along with this, rising level of disposable income and growing government favorable initiatives will enhance the market's growth rate.

Opportunities
• Lack of drug calls for new medicine

The market's growth is fueled by lack of drug calls for new medicine. This will provide beneficial opportunities for the cold sore treatment market growth. There are only a few medicines available to treat cold sore on the market. This encourages pharmaceutical companies to produce new medications. The players are doing this by incorporating new technologies that will allow them to isolate the molecule for treatment. Furthermore, the issues of maintaining optimal pharmacokinetics and pharmacodynamics of medications are providing pharmaceutical firms with profitable opportunities.

Moreover, the market's growth is fueled by investment to develop advanced technologies and increase the number of emerging markets. These factors will provide beneficial opportunities for the cold sore treatment market growth.

Global Cold Sore Treatment Market Scope

The cold sore treatment market is segmented on the basis of strain type, therapeutics type, and drug type, and dosage form, route of administration, end-users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Strain Type
• Herpes Simplex Type-1 Virus
• Herpes Simplex Type-2 Virus

Therapeutics Type
• Antiviral Agents
• Acyclovir
• Valacyclovir
• Famciclovir
• Penciclovir
• Analgesic Agents
• Others
• Lysine
• Rhubarb and sage
• Propolis

Drug Type
• Branded
• Generics

Dosage Form
• Tablet
• Capsule
• Ointment
• Others

Route of Administration
• Oral
• Topical
• Others

End-Users
• Hospitals
• Specialty Clinics
• Homecare
• Others

Distribution Channel
• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy
• Others

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Cold Sore Treatment Market Regional Analysis/Insights

The cold sore treatment market is analysed and market size insights and trends are provided by country, strain type, therapeutics type, drug type, dosage form, route of administration, end-users and distribution channel as referenced above.

The countries covered in the cold sore treatment market report are 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 cold sore treatment market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing target population and rising healthcare expenditure will further propel the market's growth rate in this region. Additionally, the presence of major key players and rising consumer's awareness about the STD diseases will further propel the market's growth rate in this region.

Asia-Pacific is expected to be the fastest-growing region during the forecast period of 2022-2029 due to growing number of patient population in this region. Also, development of healthcare infrastructure and rising government initiatives will further propel the market's growth rate in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Cold Sore Treatment Market Share Analysis

The cold sore treatment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cold sore treatment market.

Some of the major players operating in the cold sore treatment market are:
• Pfizer Inc. (U.S.)
• GlaxoSmithKline plc (U.K.)
• Novartis AG (Switzerland)
• Mylan N.V. (U.S.)
• Teva Pharmaceutical Industries Ltd. (Israel)
• Sanofi (France)
• AstraZeneca (U.K.)
• Johnson & Johnson Private Limited (U.S.)
• Merck & Co., Inc. (U.S.)
• F. Hoffmann-La Roche Ltd. (Switzerland)
• Bayer AG (Germany)
• Eli Lilly and Company (U.S.)
• Sun Pharmaceutical Industries Ltd. (India)
• Aurobindo Pharma (India)
• Lupin (India)
• Cipla Inc. (U.S.)
• Hologic, Inc. (U.S.)
• BD (U.S.)
• Bristol-Myers Squibb Company (U.S.)
• Gilead Sciences, Inc. (U.S.)
• Bausch Health Companies Inc. (Canada)

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FREQUENTLY ASKED QUESTIONS
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