According to FutureWise analysis the market for herpes zoster treatment in 2023 is US$ 0.23 billion, and is expected to reach US$ 0.31 billion by 2031 at a CAGR of 3.62%.
Herpes zoster, or shingles, is caused by the varicella-zoster virus and causes a painful rash of small blisters on a strip of skin anywhere on the body. Even after the rash has gone, the pain may persist for months. Shingles is more common among people with a weakened immune system and those over the age of 50. The condition is rare in children, and the symptoms are mild compared to what adults might experience. After chicken pox, the virus lies dormant in certain nerves for years, and reactivation causes herpes zoster. Approximately 10% to 20% of people at some point in their lives will contract herpes zoster. Moreover, the incidence of herpes zoster increases sharply with advancing age, roughly doubling every decade past the age of 50. Herpes zoster is uncommon in children under 15 years of age. Other factors contributing to the growth of the market include the growing geriatric population and rising herpes zoster incidence. There is, however, a shortage of skilled professionals expected to hamper the growth of the market. In contrast, drug development is expected to provide lucrative growth opportunities.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Herpes Zoster Treatment Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Herpes Zoster Treatment Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.