Cold Sore Treatment Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030
Page: 215 | Report Code: LS231130 | Research Suite: Report (PDF) & Market Data (Excel)
The cold sore treatment market was valued at USD 825.24 million in 2022, and a CAGR of 6.6% is expected during the forecast period. A cold sore occurs on the lips or around the mouth. The rising prevalence of HSV infection across the globe acts as a major driver that will result in the expansion of the market’s growth. HSV increases the chance of acquiring and transmitting HIV infection and significant complications, such as encephalitis. This, combined with the rising number of patients with chronic conditions, is one of the major factors driving the growth of the market. Rising healthcare expenditure and rising investment in improving healthcare infrastructure worldwide are contributing to the growth of the market.
Impact
of Covid-19
COVID-19 had a mixed impact on the cold sore treatment
market. The increased emphasis on personal hygiene and health awareness led to
a surge in demand for over-the-counter treatments and preventive measures. On
the other hand, disruptions in the supply chain, healthcare priorities shifting
towards COVID-19, and restrictions on non-essential medical services affected
the market negatively, causing fluctuations in demand and supply. Some
resources and focus shifted from non-COVID research, affecting potential
advancements in cold sore treatment. With lockdowns and social distancing,
fewer people sought medical consultations for non-severe conditions like cold
sores, opting for home remedies or online consultations.
Growth
Drivers
The high incidence of the HSV (Herpes simplex virus)
continues to drive the demand for effective treatment. Ongoing research and
development for innovative treatment options, such as antiviral medications and
topical creams, enhances efficacy and convenience for patients. Greater
awareness about the importance of early treatment and preventive measures among
the population fuels the demand for over-the-counter remedies. Factors like
stress, a weakened immune system, and exposure to triggers increase the
frequency of outbreaks, leading individuals to seek reliable treatments. The
willingness of consumers to spend on healthcare and wellness products
contributes to market growth, enabling access to a variety of treatment
options. The aging population tends to be more susceptible to cold-sore
problems.
Increased accessibility of cold sore treatments through online platforms and e-commerce facilities makes purchasing easier, widening the market reach. Increasing demand for anti-viral medication for the treatment of cold sores is driving the growth of the market. Increasing use of lip balms and creams, along with pain relievers, is used for treatment purposes.
Segmentation
Therapeutics
Type
·
Antiviral Agents
·
Analgesic Agents
·
Lysine
·
Propolis
·
Penciclovir
·
Famciclovir
·
Rhubarb and Sage
·
Acyclovir
·
Others
Drug
Type
·
Branded
·
Generics
End-Users
·
Home-Care
·
Specialty Clinics
·
Others
Distribution
Channel
·
Hospital Pharmacy
·
Online Pharmacy
·
Retail Pharmacy
·
Others
Dosage
Form
·
Tablet
·
Capsule
·
Ointment
·
Others
Regional
Outlook
·
Asia Pacific
·
North America
·
Latin America
·
Europe
·
Middle East and Africa
Cold
Sore Market Drug Type Segmentation
On the basis of drug type, the cold sore market is segmented
into branded and generic. Branded medicines are the leading segment, and they
are expected to maintain their dominance during the forecast period. Branded
medicines are the drugs that have a name given to them by a company for
advertising purposes. The name of the branded medicine is different.
Cold
Sore Treatment Market Dosage Form Segmentation
On the basis of dosage form, the cold sore market is
segmented into tablets, capsules, ointments, and others. Tablets and capsules,
due to their wider adaptability, are the leading segment and are expected to
dominate during the forecast period. Ointments are another important segment.
Cold
Sore Treatment Market Distribution Channel Segmentation
On the basis of distribution channel, the cold sore market
is segmented into hospital pharmacies, online pharmacies, retail pharmacies,
and others. Hospital pharmacies are the leading segment, and online pharmacy is
expected to dominate during the forecast period due to the wider adaptability
of e-commerce business methodologies in the modern era. Because of their
convenience, retail pharmacies are also a popular segment.
Cold
Sore Market Therapeutics Type Segmentation
On the basis of therapeutics, the cold sore market is
segmented into antiviral agents, analgesic agents, lysine, propolis,
penciclovir, famciclovir, rhubarb and sage, acyclovir, and others. Antiviral
segments hold the leading position in therapeutics within the cold sore market.
These medicines work by inhibiting the replication of the virus. They are often
considered the primary and most effective form of treatment for managing and
alleviating symptoms associated with cold sores. Creams and ointments are among
the various popularly used forms of antiviral drugs.
Regional
Outlook
On the basis of regions, the cold sore market is segmented into 5 regions: Asia Pacific, North America, South America, Europe, and the Middle East and Africa. The Asia-Pacific region, due to its large population and increasing awareness about health, is the fastest-growing market during the forecast period. An increase in the number of emerging markets in the region is driving growth in the region. With the presence of key market players in the North American region (U.S.A., Canada, and Mexico), the rate of growth is significant. In North America, the market is influenced by several factors, like the significant prevalence of HSV infections. A wide range of over-the-counter remedies and prescription medications are readily accessible across pharmacies and online platforms, providing various options for consumers.
Access to healthcare facilities and professional facilities
allows for easy diagnosis and treatment, encouraging individuals to seek
remedies for cold sores. Ongoing advancements in medical research and product
innovations in North America contribute to the development of new treatments
and improved remedies. In Europe, apart from all the factors, consumer
preferences, cultural norms, and healthcare-seeking behavior within different
European regions influence the adoption and usage of specific cold sore
treatments. Ongoing research efforts and collaborations within the
pharmaceutical industry focus on developing improved treatments.
Key
Players
·
Pfizer
·
Novartis
·
GlaxoSmithKline plc
·
Teva Pharmaceuticals Industries ltd.
·
Sanofi
·
AstraZeneca
·
Bayer AG
·
Merck. and Co.
·
Aurobindo Pharma
·
Bausch Health Companies
·
Eli Lilly and Company
·
Bristol Myers Squibb Company
·
Cipla Inc.
· Other Players
Global Cold Sore Treatment Market research report presents a
strategic analysis of the global Cold Sore Treatment Market and a forecast for
its development in the medium term, taking into account the impact of COVID-19
on it.
This report delivers market size, regional and country
market data, segmentation growth, market share, competitive landscape,
company’s Cold Sore Treatment revenue analysis, strategies of domestic and
global market players, opportunities analysis, strategic market growth
analysis, and technological innovations. It analyses historical and current
market data to accurately gauge its future growth potential. This market report
provides in-depth analysis and insight of market drivers, challenges, trends
& opportunities. At the same time, comprehensive coverage of major vendors
(recent product development & industrial activities, company overview,
insights on business strategy & financial performance, company SWOT
analysis) is provided to give competitive overview. This study presents most
detailed (COVID-19 updated) and in-depth analysis about the global Cold Sore
Treatment market, covering all global regions and countries. The report
provides intricate dynamics for each of the countries covered, offering unmatched
value, accuracy and expert insights.
Report
Purpose
The purpose of the report is to portray the state of the
global Cold Sore Treatment Market and to present real and expert-verified data
and insights about the market values, volumes, dynamics, segmentation and
prices. It also offers forecast for the market development in the short and
medium term and the impact COVID-19 has and will have on it. Further, it covers
in-depth analysis of the key market players, industry trends and insights,
growth drivers and challenges and all other factors, influencing the growth of
market.
Scope
of the Report
The
report on the global Cold Sore Treatment Market presents:
·
Historical Data: Market data including
volume, growth rate, value, and dynamics; Market segmentation (by product, by
region and by country; etc.) for the last five years;
·
Strategic Insights for companies
looking to launch new products to diversify their business, exploring leading
countries to establish supply chain, and top countries to increase company export
and go global
·
Comprehensive Regional Market Data:
volume, growth rate, value, market share and dynamics of for the last five
years (broken down by region);
·
Market Dynamics: Analysis of the
factors impacting the market including demand drivers, industry trends and
challenges and the short and the medium-term impact of COVID-19 presently and
in near future;
·
Analysis and forecast for the global
economy and demographics;
·
Supply chain and value chain analysis,
risk analysis of supply side and demand side;
·
Market Forecast for next ten years
(market share, year-on-year growth, volume, value and segmentation by region);
·
Company profiling of key market players
covering company’s Cold Sore Treatment revenue, sales and market share;
·
Comprehensive coverage of competitive
landscape offering market positioning and snapshot of key business strategies;
·
Porter’s Five Forces analysis;
How Can
You Benefit from This Report?
In this
report you can:
·
Track and identify key market trends
and insights and key drivers behind recent market changes and see the impact
COVID-19 has and will have on the market in both the short and the medium term;
·
Get access to reliable and verified
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·
Analysis of market numbers, such as
volume, value, forecasts, dynamics, segmentation and market structure – past,
present and future;
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Gain competitive intelligence about the
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Understand growth potential countries
and regions, opportunities, growth drivers and barriers on the market;
·
Own data spreadsheet for comparison at
global, regional and for individual country, covered in the report;
·
Analyse countries with highest and
lowest demand for Cold Sore Treatment and countries in each region which will
grow at highest growth in next five years.
·
Strategically plan business strategy
based on verified market data and expert insights;
·
Identify revenue generation
opportunities in the countries and regions within the market;
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Get market trend data of last 10 years
and how market growth will unfold in next ten years;
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Market share analysis and positioning
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What
Kind of Decisions You Can Make Based on the Data in This Report?
This
report detailed and all-inclusive data on Cold Sore Treatment Market, providing
valuable support to make vital decisions regarding:
·
Strategic planning;
·
Industry analysis;
·
Target Market/Marketing and sales;
·
Regional and country assessment and
opportunity analysis;
·
Market entry into new product group or
country;
·
Pricing of existing and new products;
·
New product development and Innovation
in existing products;
·
Supply chain management;
·
Market evaluation;
·
Mergers, Expansions, Joint Ventures and
acquisitions.
Who Is
This Report for?
This
report is intended to give broad overview of market to people who already are
working on this market:
·
C-suite Level executives;
·
Directors;
·
Industry strategists;
·
Marketing professionals;
·
Business development professionals;
·
Product developers;
·
Product marketers and strategists;
·
Product managers;
·
Project managers;
·
Suppliers;
· Traders;
This
report also caters to people who are not involved in the market,
representatives of investors, consultants, advisors and financial institutions:
·
Management consultants;
·
Investment managers;
·
Financial professionals;
· M&A managers.
Regional
Coverage
The report on the global Cold Sore Treatment Market breaks
down the world into the following regions & countries and covers every
single one of them:
Report
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