Uploaded on Aug 17, 2020
The global drugs for herpes labialis (oral herpes) market was valued at USD 925.4 Million in 2019 and is projected to reach USD X,XX2.9 Million by 2027, expanding at a CAGR of 4.6% during the forecast period.
Global Drugs for Herpes Labialis (Oral Herpes) Market | Growth Market Reports
Global Drugs for Herpes Labialis (Oral
Herpes) Market By Product Type (Aciclovir,
Valacyclovir, Famciclovir, Docosano), By
Medication Type (Prescribed (Rx), OTC), By
Dosage Forms (Ointments/Cream/Gels/Lip
Balm , Medicines, Injections), By Routes of
Administration (Topical, Oral, Parenteral ), By
Region (North America, Europe, Asia Pacific,
Latin America, Middle East & Asia)
• The global drugs for herpes labialis (oral herpes) market
was valued at USD 925.4 Million in 2019 and is projected
to reach USD X,XX2.9 Million by 2027, expanding at a
CAGR of 4.6% during the forecast period. The market is
driven by factors such as increasing prevalence of herpes
labialis among children and adults across the globe,
innovations in drug types and modes of action, soaring
penetration of generics, frequent transformations in
disease treatment, and growing consumer awareness.
However, stringent government regulations regarding
drug approvals and lack of awareness and knowledge
about herpes labialis are key restraints of this market.
Drugs for Herpes Labialis (Oral Herpes) Market
Outlook
• Increasing R&D is estimated to create lucrative opportunities in the
near future. The emergence of novel therapies is boosting the
growth of the market. Recent market trends include collaborations
between market players and universities, and mergers &
acquisitions among the leading companies.
On the basis of product types, the drugs for herpes labialis (oral
herpes) market is segmented into aciclovir, valacyclovir, famciclovir,
docosanol, and penciclovir. The acyclovir segment is estimated to
hold a large share of the market during the forecast period, as these
drugs are widely used and trusted due to their highly effective
outcomes. Valacyclovir is considered to be more effective than the
previously used drugs such as aciclovir due to requirement of
limited number of dosages, long-term effect on the infection, and
immediate effect on virus infection; ,therefore the segment is
anticipated to expand at a high CAGR of X.1% during the forecast
period.
• Based of medication types, the drugs for herpes labialis (oral
herpes) market is bifurcated into prescribed (Rx) and OTC. The
prescribed (Rx) segment is projected to constitute a X4.8% share of
the market by 2027 and is anticipated to expand at a CAGR of X.7%
due to the increase in incidences of herpes labialis, which in turn,
boosts the usage of the prescribed medication.
On the basis of dosage forms, the market is divided into
ointments/creams/gels/lip balms, medicines, and injections. The
medicines segment holds a major share of the market and is
projected to expand at high CAGR, medicines are considered to be
effective and have a high success rate of recovery.
Ointments/creams/gels/lip balms are considered to be effective for
instantly providing pain relief on the site of infections and is usually
prescribed with the medicines to increase the rate of recovery. This,
in turn, increases the demand for the ointments/creams/gels/lip
balms.
• On the basis of routes of administration, the drugs for herpes
labialis (oral herpes) market is segregated into topical, oral,
and parenteral. The oral segment holds a major share of the
market and is projected to expand at a substantial CAGR
during the forecast period, as it is a highly preferred method
of consuming medications and is easy to consume. Oral
medications are usually prescribed with the combination of
topically administered drugs, which in turn, is expected to
drive the demand for oral and topical medications with CAGR
of X.8% and X.5%, respectively, during the forecast period.
Drugs for Herpes Labialis (Oral Herpes) Market
Segmet
• In terms of regions, the global drugs for herpes labialis (oral
herpes) market has been segmented into North America,
Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America is a promising region for the market. The
market is this region constituted a X4.6% share of the global
market in 2020. The market in the region is projected to
expand at a CAGR of X.4% during the forecast period due to
the increase in the demand for drugs for herpes labialis, the
presence of a well-developed pharmaceutical infrastructure
for R&D activities, and the presence of major players in this
region. The market in Asia Pacific is projected to expand at a
CAGR of X.2% due to increased government spending, rising
FDI policies, and growing incidences of the herpes labialis in
the region.
Drugs for Herpes Labialis (Oral Herpes) Market
Regional Analysis
Key players in the market include Pfizer INC., Mylan N.V., Teva Pharmaceutical
Industries Ltd. They are considered as key drug manufacturers in this market
based on their investments in R&D, segmental revenue, regional presence,
and supply chain management system.
Drugs for Herpes Labialis (Oral Herpes) Market
Report Attribute
Report Attribute Report Details
Base Year 2019
Historical Data 2015
Forecast Year 2027
Growth Rate 4.6%
Market Value in 2019 USD 925.4 Million
By Region (North America, Europe, Asia Pacific, Latin America, Middle
Regional scope East & Asia)
By Product Type (Aciclovir, Valacyclovir, Famciclovir, Docosano), By
Medication Type (Prescribed (Rx), OTC), By Dosage Forms
Segments covered (Ointments/Cream/Gels/Lip Balm , Medicines, Injections), By Routes
of Administration (Topical, Oral, Parenteal), By Region (North America,
Europe, Asia Pacific, Latin America, Middle East & Asia)
Apotex Inc, Pfizer INC, Mylan N.V., Novartis AG, Teva Pharmaceutical
Key Companies Profiled Industries Ltd, Zydus Cadila, Hikma Pharmaceuticals PLC, Livzon,
Torrent Pharmaceuticals Ltd, Blistex Inc
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