According to Precision Business Insights (PBI), the latest report, the Condyloma market is expected to be valued at USD 1,809.5 million in 2022, growing at an 5.1% CAGR from 2022 to 2028. The increased pervasiveness of the STDs globally along with the availability of cheap and effective treatment is the primary driving force for the condyloma treatment market to expand the prediction period.
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Prescription Drug Segment will be the Dominating Segment:
Although prescription medications dominated the condyloma market in 2021, generating a total revenue of xx million dollars, the surgical segment is gaining popularity. The prescription drugs segment provides treatment solutions in both systemic and topical applications. It has also higher patient compliance. But the recurrence of the infection is the main drawback of the drug treatment. Thus, on the aptitude of 100% clearance, the surgical segment, especially cryotherapy, is gaining popularity. Thus, both segment is guesstimated to expand in the forecast period.
North American Region to Dominate the Condyloma Market:
In terms of revenue, North America is the largest market for Condyloma treatments in 2021, followed by Europe. The majority of the market in the North American region belongs to the US, which also holds the top spot. Condyloma being nonlethal, often stayed unreported. The developed countries with reimbursement facilities and insurance coverage attract patients aged 19-39 to take treatment. Thus, the condyloma market growth is at a steady phase in the developed countries in the past as well as in the prophesy period.
The improvement in healthcare facilities, lifestyle, and administration’s effort to eliminate STDs in the countries from the Asia-Pacific region makes the market in this region a rapidly growing market. Moreover, in the African region, there is the active participation of WHO and other international organizations to educate, aware, and treat the highly prevalent STDs like HIV, which is the leading cause of Condyloma. This international attention will cause the condyloma treatment market to grow in this region in the estimated period.
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Strategic New Product Launches, Mergers, Acquisitions, And Agreements Are the Key Strategies Adopted by Market Players:
The global Condyloma market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, To raise awareness about STD screening programs and the growing incidence of STDs throughout the world, the Centers for Disease Control and Prevention suggested and released recommendations for STD screening in June 2022. Every demographic group, including women, those who are pregnant, men who have sex with women, men who have sex with men, transgender and gender nonconforming people, and those with HIV, has its own STD screening recommendations.
The condyloma market is segmented based on treatment, end user, and geography
Based On the Treatment, The Market is Segmented into the Following:
• Prescription Drugs
• Surgery
Based On End User, The Market is Segmented into The Following:
• Hospitals
• Retail Pharmacies
• Online Pharmacies
Based On Geography, The Market is Segmented into the Following:
• North America
• Europe
• Asia-Pacific
• Middle East and Asia
• Latin America
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Key players’ profiles in the condyloma market are Bausch Health Companies Inc., Graceway Pharmaceuticals, Glenmark, Allergan, Teva Pharmaceutical Industries Ltd., Perrigo Company plc, Novartis AG, Merck & Co. Inc., Emblation Ltd., Verrica Pharmaceuticals, Novan, Inc. GlaxoSmithKline plc., Pfizer Inc., Mylan N.V., Taro Pharmaceutical Industries Ltd., Cipla Ltd., Phio Pharmaceuticals Corp., Prestige Consumer Healthcare Inc., AIM ImmunoTech, Inc.
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This release was published on openPR.
Discovered on: 2022-09-14 08:16:08
Source: Condyloma Market Growing Prevalence of STDs, Advancement in
