The lip cold sore treatment market had a revenue in China, South Korea, Taiwan, Hong Kong, and SEA grow at a rate of 6.7% in the years to come to reach USD 85,265.1 Thousand by 2030 as mentioned in one of its reports by a market research institution, P&S Intelligence.
The important factors accountable for the industry growth include the thriving modes of transmission of HSV, growing incidence of cold sores, and progressions in treatments with the increasing count of product launches.
Cream dominated the industry, on the basis of product type. Also, the category will retain its position in the years to come as a result of the fact that creams is good for healing the sores fast and decrease itching, tingling, pain, and burning.
Clinics will be the fastest -growing category in the market in the years to come, on the basis of end user. This has a lot to do with the increasing count of visits by people who have lip cold sores at clinics.
Pharmacies had the largest share in the lip cold sore treatment market in the past. Also, the this will retain its position in the future because of the fact that patients, who suffer from HSV-1 infection are usually given anti-cold sore treatment products by a medic.
China had the largest contribution in the industry. This will also grow the fastest in the years to come. This is because of the growing incidence of HSV-1 infection amongst the rural people in the nation, presence of key industry players, and increasing consciousness of the disease.
The increasing usage of lip cold sore patches is trending in the market. HSL, or cold sores, is a recurrent contamination of the lips or the skin neighboring the lips brought about by HSV-1. A number of companies are strongly concentrating on creating and selling treatment patches through e-commerce channels for making the access to them wider.
The occurrence of HSV-1 infection has increased because of the increase in its transmission modes.
As per a study directed by the IDEG at WCM-Q, HSV-1 is majorly transmitted through mouth to-mouth contact, therefore bringing about an infection on or around the mouth, which is recognized as oral herpes.
Furthermore, asymptomatic and symptomatic viral shedding are highly common, which has allowed the virus to be transmitted additionally, at a high pace.
The market is fragmented in nature, and the major players are involved in a number of mergers and acquisitions.
It is because of the growing prevalence of cold sores, the demand for lip cold sore treatments will continue to grow in the years to come.