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Global Condyloma Acuminata Treatment Market Overview 2033 : Forecasted Market Size And Growth Rate
Condyloma Acuminata Treatment Global Market Report 2024
According to The Business Research Company's, The condyloma acuminata treatment market size has grown strongly in recent years. It will grow from $1.70 billion in 2023 to $1.79 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to prevalence and incidence rates, awareness and education campaigns, healthcare infrastructure, social stigma and cultural factors, regulatory environment.
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Market Drivers and Trends:
The increasing prevalence of sexually transmitted infections (STIs) is expected to propel the growth of the condyloma acuminata treatment market going forward. Sexually transmitted diseases (STDs), often known as STIs, are infections that are spread from one person to another during intercourse. Condyloma acuminata treatment is used to manage sexually transmitted infections (STIs) by addressing symptoms, reducing transmission risk, preventing complications, and promoting overall well-being. For instance, in January 2024, according to the Centers for Disease Control and Prevention, a US-based national public health agency, the total number of sexually transmitted infections (STIs) reported in the US increased from 2,391,613 in 2020 to 2,505,027 in 2021. Therefore, the increasing prevalence of sexually transmitted infections (STIs) is driving the growth of the condyloma acuminata treatment market.
Major companies operating in the condyloma acuminata treatment market are developing innovative drugs, such as podofilox gel, to make the treatment more cost-effective and more accessible to patients. A podofilox gel is a topical medication used for the treatment of external genital and perianal warts. For instance, in December 2023, Hyloris Pharmaceuticals SA, a Belgium-based specialty biopharma company, announced FDA approval for its partner Padagis US LLC's generic version of Condylox Gel 0.5%. This topical drug treats external genital and perianal warts caused by HPV. It was used to treat certain types of warts on the outside skin of the genital areas. It is also used to treat warts between the genitals.
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Major Key Players of the Market:
Pfizer Inc., Merck & Co. Inc. , Bayer AG , Sanofi S.A., GlaxoSmithKline plc , 3M Company, Medtronic plc , Teva Pharmaceutical Industries Ltd. , IQVIA Holdings, AbbVie Inc., Astellas Pharma US Inc. , Bausch Health, Shanghai Fosun Pharmaceutical (Group) Co. Ltd., Syneos Health Inc., Perrigo Company plc, Chiesi Farmaceutici S.p.A. , Gedeon Richter Plc, Meda AB, Recordati Industria Chimica e Farmaceutica S.p.A. , Zhejiang Hisun Pharmaceutical Co. Ltd. , Mylan N.V., Ferring Pharmaceuticals AS, Indivior PLC , Parthenon Therapeutics
Condyloma Acuminata Treatment Market 2024 Key Insights:
• The condyloma acuminata treatment market is expected to grow to $2.12 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%.
• Growing Prevalence of Sexually Transmitted Infections (STIs) Fuels Growth of Condyloma Acuminata Treatment Market
• Innovative Drug Development Drives Expansion Of Condyloma Acuminata Treatment Market
• North America was the largest region in the condyloma acuminata treatment market in 2023
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