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Data Bridge Market Research recently published a report, titled “Cold Sore Treatment Market“. The report provides an in-depth analysis of growth strategies, drivers and opportunities, as well as a Porter’s Five Forces Analysis, competitive landscape, and key segments.
Cold Sore Treatment Market is growing with factors such as increased prevalence of cold sore infection, spread in modes of transmission of herpes simplex virus, increased consciousness about sexually transmitted diseases (STDs), availability of generic drugs and rise in cases of HSV in women.
Data Bridge Market Research analyses that the cold sore treatment market was valued at USD 825.24 million in 2021 and is expected to reach USD 1,376.06 million by 2029, registering a CAGR of 6.60% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Download the PDF Sample Report (Including FULL TOC, Graphs, and Tables) of Cold Sore Treatment Market report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-cold-sore-treatment-market&shri
Market Overview:
A cold sore is a fluid-filled blister that occurs on the lips or around the mouth. Fever blisters, oral herpes, and herpes labialis are all terms used to describe cold sores. Herpes simplex is the virus that causes them. Herpes simplex virus 1 is the most prevalent strain of the virus that causes cold sores. Antiviral ointments, including acyclovir and penciclovir , are applied on sores as part of the treatment. These may work for some people, but they are frequently ineffective. Antiviral oral drugs such as famciclovir, acyclovir and valacyclovir can help reduce the duration and severity of sores. Symptoms may be relieved by applying over-the-counter pain relievers to the sores (topical). Anti-inflammatory drugs could potentially be beneficial.
According to World Health Organization statistics, from 2020, around 3.7 million persons nationwide were infected with HSV 1. Direct contact with infected skin or saliva transmits the HSV-1 virus. Primary infection can produce a fever, aching gums, a sore throat, and swollen or irritated glands in the neck in children. The virus then becomes dormant in nerve roots close to the affected skin. The virus only rarely, if ever, reactivates in certain persons. Recurrences of the virus, known as secondary herpes episodes, can occur in certain people, resulting in cold sores. While the exact reason of reactivation has yet to be discovered, a range of factors, such as stress, dental treatment, illness, lip trauma, or sun exposure, might trigger an outbreak.
Opportunities
Lack of drug calls for new medicine
The market’s growth is fueled by lack of drug calls for new medicine. This will provide beneficial opportunities for the cold sore treatment market growth. There are only a few medicines available to treat cold sore on the market. This encourages pharmaceutical companies to produce new medications. The players are doing this by incorporating new technologies that will allow them to isolate the molecule for treatment. Furthermore, the issues of maintaining optimal pharmacokinetics and pharmacodynamics of medications are providing pharmaceutical firms with profitable opportunities.
Moreover, the market’s growth is fueled by investment to develop advanced technologies and increase the number of emerging markets. These factors will provide beneficial opportunities for the cold sore treatment market growth.
Restraints/Challenges
On the other hand, the high cost associated with the treatment will obstruct the growth rate of the cold sore treatment market during 2022-2029. The lack of healthcare infrastructure in developing economies and strict regulatory scenario will challenge the cold sore treatment market. Additionally, lack of awareness among people and poor reimbursement policies will restrain and further impede the market’s growth rate during the forecast period of 2022-2029.
Recent Development
In July 2021, Devirex had announced the launch of lipivir. Devirex is beginning a new phase of development: what was developed in the lab will be gradually distributed to other markets. Lipivir(R) lip gel, which prevents cold sores, was accessible in pharmacies, drugstores, beauty spas, and online in early 2021 in Switzerland and Austria after hundreds of hours of creation, research, and analysis.
Some of the major players operating in the cold sore treatment market are:
Browse a Detailed Summary of Cold Sore Treatment Market Research Report @ https://www.databridgemarketresearch.com/reports/global-cold-sore-treatment-market?Shri
Cold Sore Treatment Market Scope
Strain Type
Therapeutics Type
Drug Type
Dosage Form
Route of Administration
End-Users
Distribution Channel
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