About Shingles Treatments
Shingles is a reactivation of the chickenpox virus in the body, causing a painful rash. Anyone who had chickenpox may develop shingles. It is still unidentified what reactivates the virus. The use of various drugs to treat shingles enables to provide relief from rashes. As per sources, about one million instances of shingles are detailed each year in the United States, and around one in every three individuals in the United States will create shingles in their lifetime. The risk of shingles increases with age, with most cases reported among people over 40 years old. This will drive the market growth in the forecast period
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Several companies are leaning toward inorganic growth strategies such as mergers & acquisitions to improve their market share and brand presence globally. The market is highly fragmented and consists of several manufacturers at the global and regional level competing to increase their market share in the respective regions Analyst at AMA Research estimates that United States and European Players will contribute the maximum growth to Global Shingles Treatments market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GlaxoSmithKline PLC (United Kingdom), Foamix Pharmaceuticals Ltd (United States), Epiphany Biosciences Inc (United States), Merck & Co. (United States), Astellas Pharma Inc.(Japan), Novartis International AG (Switzerland) and F. Hoffmann-La Roche AG (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Beijing Minhai Biotechnology Co. (China), GeneOne Life Science, Inc. (South Korea), NAL Pharmaceuticals Ltd. (United States) and TSRL, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Shingles Treatments market by Type (Antiviral Medications, Narcotic Medications, Anti-Inflammatory Medications, Antihistamines, Anticonvulsants, Creams and Others) and Region.
On the basis of geography, the market of Shingles Treatments has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Route of Administration, the sub-segment i.e. Oral will boost the Shingles Treatments market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Clinics will boost the Shingles Treatments market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
R&D investment in Drug Development
Market Growth Drivers:
Rising Pervasiveness Of Shingles and Demand For Antiviral to Reduce The Shingles Rash
Challenges:
Lack Of Guidance From Specialists In Choosing Appropriate Anticoagulant
Restraints:
High Cost Of Antibodies Is Restraining Vaccination
Opportunities:
Developing Interest For Antiviral Prescriptions And Over-The-Counter Pain Medicines and High Demand From Emerging Countries
Market Leaders and their expansionary development strategies
In September 2023, Biocryst Pharmaceuticals collaborates with leading academic research institutions to conduct further clinical trials on galidesivir and explore its potential for broader antiviral applications.
In November 2023, Biocryst Pharmaceuticals receives Breakthrough Therapy designation from the FDA for their oral antiviral medication galidesivir for treating acute shingles and PHN.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Shingles Treatments Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.