Herpes Zoster Treatment Market Trends 2022-Industry Share, Revenue, Key Players, Business Challenges and Future Investment till 2032: SPER Market Research
Herpes zoster, also referred to as shingles, is a viral infection that arises from the reactivation of the varicella-zoster virus, which is the original cause of chickenpox. The infection usually presents as a painful rash and blisters, and if left untreated, can result in long-term complications. The market is characterized by a variety of treatment options, including antiviral medications, pain management drugs, and vaccines. Antiviral medications, such as acyclovir, valacyclovir, and famciclovir, have been the mainstay of treatment for herpes zoster infection, helping to lessen the severity and duration of symptoms when given promptly. Additionally, the introduction of vaccines like Zostavax and Shingrix has revolutionized the prevention of herpes zoster infection, especially in older adults.
According to SPER market research, Herpes Zoster Treatment Market Size- By Route of Administration, By Treatment Type, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032 state that the Global Herpes Zoster Treatment Market is estimated to reach USD 0.32 billion by 2032 with a CAGR of 3.68%.
Drivers
The aging population is one of the major factors propelling the global market for herpes zoster infection treatments since their compromised immune systems make them more vulnerable to varicella-zoster virus reactivation. Further propelling market expansion is the increased awareness of the illness, possible consequences, and available therapies. Growing knowledge of the benefits of varicella vaccinations and market participants’ employment of a range of tactics, including product launches, mergers, and acquisitions, and fundraising for R&D, are further factors driving the industry. Additionally, the provision of telemedicine and telehealth services has been essential in increasing the number of individuals with herpes zoster’s access to healthcare. Telemedicine lowers the barriers of travel and distance by enabling people to consult with medical specialists remotely. Patients can get prompt guidance, diagnosis, and medication, which enhances the general treatment of herpes zoster infection.
Challenges
A sizable section of the population, especially those without full healthcare coverage, cannot afford the prescriptions because they are frequently expensive. Limited access to healthcare services, especially in underdeveloped countries, is a major obstacle. Treatment outcomes may be impacted by delayed diagnosis and insufficient management of herpes zoster infections due to limited access to healthcare facilities and specialists. Furthermore, in places with inadequate healthcare infrastructure, getting access to necessary medications for herpes zoster, like antiviral meds and painkillers, might be difficult. Patients in these areas might not be able to afford the required drugs or might have trouble getting them, which would discourage them from getting therapy.
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Impact of COVID-19 on Herpes Zoster Treatment Market
There have been fewer treatments and hospital visits to avoid cross-contamination. The market for drugs treating herpes zoster is negatively impacted by this. In addition, fewer employees were assigned to treat patients undergoing herpes zoster therapy due to the shift in medical staff treating COVID-19-positive patients. As a result, numerous hospitals, and healthcare facilities experienced delays in their treatments. The COVID-19 pandemic also caused supply chain disruptions for antiviral medications, which had an adverse effect on the market. However, it is anticipated that the market for drugs aimed at treating herpes zoster will gradually recover following the outbreak.
Herpes Zoster Treatment Market Key Players:
North America emerged as the leading Herpes Zoster treatment market. The leading companies in the market are Abbott Laboratory, Bausch Health, Camber Pharmaceuticals, Cipla Inc., Eli Lilly and Co., GlaxoSmithKline PLC, Merck, Novartis AG, Pfizer Inc., and Teva Pharmaceutical Industries Ltd.
Herpes Zoster Treatment Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Route
- Administration
- Oral and Topical
By Treatment Type
- Antiviral Medications
- Anti-inflammatory
- Medications and Other
By Distribution Channel
- Drug Stores
- Retail Pharmacies
- Hospital Pharmacies
- Online Provider
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Herpes Zoster Treatment Market Revenue
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