Tuesday, 02 January 2024 12:17 GMT

Herpangina Treatment Market To Reach USD $2.63 Billion By 2029 At 7.6% CAGR


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What Is The Estimated Industry Size Of Herpangina Treatment Market?
The market for herpangina treatment has witnessed significant growth in the past few years. It is projected to escalate from $1.86 billion in 2024 to $1.96 billion in 2025, with a compound annual growth rate (CAGR) of 5.5%. The expansion during the historic phase can be traced back to a multitude of factors, such as viral epidemics and their prevalence, the growing population of children, advancements in healthcare facilities, initiation of public health consciousness campaigns, enhancements in clinical research, and progress in treatment methods.

The market for herpangina treatment is anticipated to experience robust expansion in the coming years, with projections estimating its value to hit ""$2.63 billion by 2029. The expected compound annual growth rate (CAGR) is 7.6%. This prospective growth within the forecast period is linked to factors such as the appearance of new viral strains, increased emphasis on child health, international healthcare mandates, advancements in diagnostic technology, and more accessible healthcare. Notable trends during the forecast period will likely involve the creation of topical treatments for oral sores, the incorporation of telemedicine for diagnosing and consulting, improved patient awareness and education initiatives, partnerships for research and clinical trials, as well as global initiatives aimed at health preparedness.

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What Are The Major Factors Driving The Herpangina Treatment Global Market Growth?
The herpangina treatment market is anticipated to leverage growth from the rising number of research and development activities. Herpangina, a viral infection mainly affecting children and causing painful ulcers or sores on the tonsils and back of the throat, is authored by coxsackievirus and enteroviruses. The treatment of herpangina works to alleviate symptoms such as high fever, mouth or throat discomfort, blisters, drooling, and loss of appetite. For instance, data from the Office for National Statistics, a statistical institute based in the UK, reveals that as of April 2024, the UK government's net spending on research and development had escalated by 10.5%, equating to £15.5 billion ($19.5 billion), a growth compared to £14.0 billion ($17.7 billion) in 2021. Therefore, the heightened research and development activities are fueling the expansion of the herpangina treatment market.

Who Are The Leading Companies In The Herpangina Treatment Market?
Major players in the Herpangina Treatment include:
. Hoffmann-La Roche Ltd.
. Takeda Pharmaceutical Company Limited
. Pfizer Inc
. AstraZeneca
. Novartis AG
. GlaxoSmithKline Plc
. Merck & Co., Inc.
. AbbVie Inc.
. Eli Lilly and Company
. Bayer AG

What Are The Prominent Trends In The Herpangina Treatment Market?
In the herpangina treatment market, the growing trend is the advancement of therapies for illnesses like aphthous stomatitis. Major firms in this field are working on remedies to alleviate discomfort for those afflicted with recurring mouth ulcers. In this regard, in September 2022, Mucocort, an oral patch company based in Sweden, formed a collaboration with Aurena Laboratories AB, a Swedish medical technology firm, to conceive a unique self-absorbing pain relief patch. This distinct treatment assists those with recurrent mouth ulcers and aphthous stomatitis in alleviating their distress and accelerates the natural recuperation process of the aphthous ulcer.

What Are The Primary Segments Covered In The Global Herpangina Treatment Market Report?
The herpangina treatment market covered in this report is segmented –

1) By Treatment: Topical Anesthetics, Ibuprofen Or Acetaminophen, Other Treatments
2) By Virus: Coxsackie Virus A, Coxsackie Virus B, Enterovirus 71, Echovirus
3) By Symptoms: High Fever, Sore Throat, Blisters Or Ulcers In The Throat Mouth, Difficulty Swallowing, Loss Of Appetite, Neck Pain, Swollen Lymph Glands, and Headache
4) By End User: Hospitals, Homecare, Specialty Clinics, Other End-Users

Subsegments:
1) By Topical Anesthetics: Benzocaine, Lidocaine, Other Anesthetics
2) By Ibuprofen or Acetaminophen: Ibuprofen, Acetaminophen, Other Treatments
3) By Antiviral Medications: Corticosteroids, Supportive Care

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Which Region Is Forecasted To Grow The Fastest In The Herpangina Treatment Industry?
In 2024, North America dominated the herpangina treatment market globally and it's anticipated that the Asia-Pacific will experience the most rapid growth in the forecast period. The report on the herpangina treatment market covers a range of regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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