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Hereditary Angioedema Therapeutics Market Trends Reports, Share Analysis 2024-2033
Hereditary Angioedema Therapeutics Market
According to The Business Research Company's, The herpes simplex virus treatment market size has grown strongly in recent years. It will grow from $2.24 billion in 2023 to $2.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increased prevalence of hsv infections, antiviral medications development, clinical research and drug approvals, patient education and awareness, global efforts for std prevention.
The herpes simplex virus treatment market size is expected to see strong growth in the next few years. It will grow to $3.1 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to advancements in antiviral therapies, focus on preventive measures, potential vaccine development, telemedicine and remote consultations, global health initiatives. Major trends in the forecast period include incorporation of nanotechnology, telemedicine for remote consultations, natural and herbal therapies, strategies for neonatal herpes prevention, antiviral drug resistance monitoring.
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Market Drivers and Trends:
The surge in the prevalence of sexually transmitted infections is expected to propel the growth of the herpes simplex virus treatment market going forward. Sexually transmitted diseases (STDs) or sexually transmitted infections (STIs) refer to an illness brought on by an infection with specific bacteria, viruses, or other microorganisms that can be spread from one person to another through blood, semen, vaginal secretions, or other body fluids during sexual intercourse with an infected partner. Herpes simplex virus or HSV treatment is primarily used to treat sexually transmitted illnesses, including urethritis, cervicitis, and infections that cause genital ulcers. For instance, in April 2023, according to the Center for Disease Control and Prevention, a US-based national public health agency, the number of sexually transmitted diseases (STDs) in the USA increased between 2020 and 2021, reaching a total of more than 2.5 million. Further, syphilis cases in the US increased by 32% from 133,954 in 2020 to 176,713 in 2021. Therefore, the surge in the prevalence of sexually transmitted infections is driving the growth of the herpes simplex virus treatment market.
Rising innovations in HSV treatment are a key trend gaining popularity in the herpes simplex virus treatment market. Major companies operating in the herpes simplex virus treatment market are focused on innovating new treatments and drugs to sustain their position in the market. For instance, in October 2022, Replay Therapeutics, a US-based genome writing company, launched Eudora, its first HSV gene therapy company focused on retinal eye disease. It is the first product firm Replay created to use synHSVTM, a high-payload-capacity HSV delivery vector. Within disease-area-specific product firms, Replay's unique corporate structure distinguishes between the development of technological and medicinal products. The first of Replay's four synHSVTM gene therapy product firms, Eudora, use big DNA gene therapy to treat monogenic brain, skin, and muscle illnesses. The other three companies use small-molecule DNA gene therapy.
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Major Key Players of the Market:
GlaxoSmithKline plc, Carlsbad Technology Inc., Glenmark Pharmaceuticals Ltd., Fresenius Kabi AG, Apotex Inc., Mylan N.V., Teva Pharmaceuticals Industries Ltd., Sanofi S.A., Novartis AG, Zydus Pharmaceuticals Inc., Abbott Laboratories, Amneal Pharmaceuticals Inc., Pfizer Inc., Viatris Inc., Agenus Inc., Merck KGaA, Chimerix Inc., Avet Pharmaceuticals Inc., EPI Health LLC, Bristol Myers Squibb Company, F. Hoffmann-La Roche AG, Johnson & Johnson, AbbVie Inc., AstraZeneca plc, Gilead Sciences Inc., Bayer AG, Eli Lilly and Company, BioCryst Pharmaceuticals Inc., AiCuris Anti-infective Cures GmbH, CureVac AG
Herpes Simplex Virus Treatment Market 2024 Key Insights:
• The herpes simplex virus treatment market will grow to $3.1 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
• Surge In Sexually Transmitted Infections Propels Growth Of Herpes Simplex Virus Treatment Market
• Innovations Driving Growth In Herpes Simplex Virus Treatment Market
• North America was the largest region in the herpes simplex virus treatment market in 2023
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