Market Dynamics: In 2021, the global market for human papillomavirus (HPV) treatment exhibited substantial strength, and it is projected to experience rapid revenue growth throughout the forecast period. HPV stands as the most prevalent viral infection of the reproductive system, affecting the majority of sexually active individuals at some point in their lives, with potential for multiple infections. Fortunately, over 90% of those infected eventually recover. Immunocompromised individuals, whose numbers increased during the COVID-19 pandemic, have contributed to market revenue growth due to heightened susceptibility to chronic HPV infections and associated illnesses. Nevertheless, the high cost of treatment and limited availability may impede the growth of the global HPV treatment market.
Competitive Landscape: Organic and inorganic strategies have been adopted by companies in the HPV treatment market. Some examples include:
- Orgenesis Inc's acquisition of Tamir Biotechnology, Inc., including Ranpirnase.
- A partnership and licensing agreement between Verrica Pharmaceuticals Inc. and Torii Pharmaceutical Co., Ltd. for the development and marketing of a topical formulation of cantharidin.
- An exclusive licensing agreement between Bio Frontera AG and Maruho Co, Ltd for the development and marketing of Ameluz in East Asia and Oceania.
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HPV encompasses more than 200 related viruses, including those transmitted through sexual activity. These viruses are categorized into low-risk and high-risk types based on their sexual transmission potential. HPV infections typically occur shortly after the initiation of sexual activity, as the virus primarily spreads through sexual contact.
Opportunities: The increasing focus on research and development in pharmaceuticals for efficient and targeted HPV treatment is driving market expansion. The Division of Cancer Epidemiology and Genetics (DCEG) conducts research into cervical and other HPV-related cancers to advance understanding of how HPV causes cancer. This research includes evaluating screening practices to detect precancerous changes early and developing and testing new screening methods for easier use in low-resource settings. It also works on improving tools for risk assessment in clinical settings for monitoring patients diagnosed with cancer.
Geographic Market Scenario: Largest Market Share: North America is expected to hold the largest revenue share over the forecast period. This is attributed to the introduction of new treatment options in the region, increased healthcare spending, and the availability of treatment choices. Furthermore, growing awareness of the disease has contributed to revenue growth in the region, making North America a key driver of the HPV treatment market's revenue growth.
Major Companies in the Market Include:
- Pfizer Inc.
- Merck Co., Inc.
- Cipla Ltd.
- GlaxoSmithKline
- Mylan N.V.
- Hoffmann-La Roche Ltd
- Allergan plc
- AstraZeneca plc
- Biocon Ltd.
- Eli Lilly and Company
- Novan Inc.
Fastest Growing Region: Asia Pacific is anticipated to experience a significant revenue compound annual growth rate (CAGR) over the forecast period. This growth is driven by the growing geriatric population in countries like China and India, along with the presence of generic manufacturers and the expansion of healthcare facilities in the region.
