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Genital Herpes Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Genital Herpes
A greater focus on sexual health is expected to drive the growth of the genital herpes market. The growing recognition of the importance of sexual health has led to more attention on conditions like genital herpes. Treatment involves diagnosis, management, and counseling to prevent transmission and support emotional well-being. In January 2024, the Local Government Association reported that nearly 4.5 million sexual health consultations were conducted in 2022, a 33% increase from the previous year. This growing focus on sexual health is expected to propel the genital herpes market.
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What is the future CAGR of the genital herpes market, and how will it impact industry expansion?
The genital herpes market has seen steady growth. It is expected to rise from $2.19 billion in 2024 to $2.34 billion in 2025, at a CAGR of 7.1%. This growth is attributed to increasing awareness and diagnosis, advancements in treatment options, improved access to healthcare, public health campaigns, and socio-demographic factors.
The genital herpes market is expected to grow to $3.05 billion by 2029, at a CAGR of 6.8%. Growth drivers include increased awareness, advancements in treatment and vaccines, rising incidence, digital health technologies, and STI awareness programs. Trends include telemedicine adoption, antiviral therapy advancements, vaccine R&D, expanded healthcare access, and AI integration.
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What are the most significant trends transforming the genital herpes market today?
Companies in the genital herpes market are forming strategic partnerships to improve technological capabilities and expand their market presence. For example, in June 2022, Eurocine Vaccines AB, a Swedish biotechnology firm, entered a collaboration with Redbiotec AG, a Swiss biotech company, to develop a vaccine for Herpes Simplex Virus Type 2 (HSV-2). This partnership includes both mRNA and protein-based technologies and grants Eurocine Vaccines exclusive rights to develop, manufacture, and commercialize HSV-2 vaccine candidates globally.
Which key market segments comprise the genital herpes market and drive its revenue growth?
The genital herpes market covered in this report is 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
Subsegments:
1) By Diagnosis: Polymerase Chain Reaction (PCR) Tests, Viral Culture Tests, Blood Antibody Tests (Serology), Antigen Detection Tests, Point-Of-Care Rapid Tests
2) By Treatment: Antiviral Medications, Acyclovir, Valacyclovir, Famciclovir, Topical Treatments, Acyclovir Cream, Docosanol Cream, Preventive Therapies, Suppressive Therapy, Prophylactic Vaccines (Under Development), Pain Management Medications, Analgesics, Topical Anesthetics
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Which geographical regions are pioneering growth in 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.
Who are the leading players fueling growth in the genital herpes market?
Major companies operating in the genital herpes market are Pfizer Inc, Roche Holding AG, Merck & Co. Inc., AbbVie Inc., Sanofi SA, Abbott Laboratories, Novartis AG, GlaxoSmithKline plc, BioNTech SE, Viatris Inc, Teva Pharmaceuticals Inc, Sandoz Inc, Fresenius Kabi AG, Valeant Pharmaceuticals International Inc, Sun Pharmaceutical Industries Ltd, Bausch + Lomb Corporation, Dr. Reddy's Laboratories Ltd, Apotex Inc, Zydus Group, Genocea Biosciences Inc, Glenmark Pharmaceuticals Inc, Maruho Co Ltd, Romark Laboratories, Eurocine Vaccines AB, Vical Incorporated
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What Is Covered In The Genital Herpes Global Market Report?
•Market Size Forecast: Examine the genital herpes market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the genital herpes market for a structured understanding.
•Key Players Overview: Analyze major players in the genital herpes market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the genital herpes market.
•Segment Contributions: Evaluate how different segments drive overall growth in the genital herpes market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the genital herpes market.
•Industry Challenges: Identify potential risks and obstacles affecting the genital herpes market.
•Competitive Landscape: Review strategic developments in the genital herpes market, including expansions, agreements, and new product launches.
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