psalexa

Lip Cold Sore Treatment Market in China, South Korea, Taiwan, Hong Kong, and Southeast Asia – Revenue Estimation and Forecast by 2030

  • Published: May 2021
  • Report Code: LS12182
  • Available Format: PDF
  • Pages: 187

Market Overview

The lip cold sore treatment market in China, South Korea, Taiwan, Hong Kong, and Southeast Asia (SEA) generated revenue of $45,262.1 thousand in 2020, and it is expected to grow at a CAGR of 6.7% during the forecast period (2021–2030). The key factors responsible for the growth of the market include the proliferating modes of transmission of herpes simplex virus (HSV), increasing prevalence of cold sores, and advancements in treatments with the rising number of product launches.

In the wake of the COVID-19 pandemic, governments of several Asian countries are taking strong measures to ensure their economies remain stable and mitigate the economic and health threats. Due to this, the manufacturing industry across the world is facing challenges owing to the availability of smaller workforces and government mandates for lockdowns. This, in turn, has affected the sales of lip cold sore products, which has further had a negative impact on the lip cold sore treatment market.

Lip Cold Sore Treatment Market Outlook

Due to Increasing Product Demand, Cream Category To Dominate Market

The cream category held the largest share in the lip cold sore treatment market in 2020, based on product type. Furthermore, the category is expected to retain its position in the coming years due to the fact that creams heal the sores at a fast pace and reduce symptoms such as itching, tingling, pain, and burning.

Increasing Footfall of Patients in Clinics To Drive Demand for Lip Cold Sore Treatment Products in These Settings

Clinics are expected to constitute the fastest-growing category in the lip cold sore treatment market during the forecast period, based on end user. This can be majorly attributed to the increasing number of visits by people suffering from lip cold sores at clinics.

Owing to Increasing Number of Prescriptions, Pharmacies Category To Lead Market

The pharmacies category held the largest share in the market for lip cold sore treatment products in 2020, based on distribution channel. Furthermore, the category is expected to retain its position in the coming years due to the fact that patients suffering from HSV-1 infection are generally prescribed anti-cold sore treatment products by a doctor.

Increasing Prevalence of HSV-1 Infection Drove Market in China

Geographically, China was the largest contributor to the lip cold sore treatment industry in 2020. The country is also expected to grow at the highest rate during the forecast period. This can be mainly attributed to the increasing prevalence of HSV-1 infection among the rural people in the country, presence of major industry players, and rising awareness of the disease.

Lip Cold Sore Treatment Market Geographical Insight

Increasing Demand for Patches Is Key Trend

The growing use of lip cold sore patches is the major trend in the lip cold sore treatment market. Herpes simplex labialis (HSL), or cold sores, is a recurring infection of the lips or the skin surrounding the lips caused by HSV-1. Numerous companies are strongly focusing on producing and selling treatment patches through e-commerce channels to make the access to them wider. For instance, Laboratoire HRA Pharma SAS offers COMPEED invisible cold sore patch and Mederma cold sore discreet healing patch, Quantum Health offers Lip Clear Invisible cold sore bandage patch and Super LipCare+ Invisible cold sore bandage patch, and SmartMed offers SMART COLD SORE PATCH – Thin, SMART COLD SORE PATCH - 36 Thin, and SMART COLD SORE PATCH – LARGE via online stores.

Proliferating Modes of Transmission of Herpes Simplex Virus Are Boosting Market Growth

The prevalence of HSV-1 infection has increased due to the increment in the modes of its transmission. According to a study conducted by the Infectious Disease Epidemiology Group (IDEG) at Weill Cornell Medicine-Qatar WCM-Q, HSV-1 is majorly transmitted through mouth-to-mouth contact, thus causing an infection on or around the mouth, which is known as oral herpes. Moreover, symptomatic and asymptomatic viral shedding are highly common, which has enabled the virus to be transmitted further, at a high pace.

Lip Cold Sore Treatment Market Report Coverage
Report Attribute Details
Historical Years 2015-2020
Forecast Years 2021-2030
Base Year (2020) Market Size $45,262.07 Thousand
Market Size Forecast in 2030 $85,265.1 Thousand
Forecast Period (2021-2030) CAGR 6.7%
Report Coverage Market Trends; Revenue Estimation and Forecast; Segmentation Analysis; Country Breakdown; Competitive Analysis; Companies’ Strategic Developments; Product Benchmarking; Company Profiling
Market Size by Segments By Product Type; By Distribution Channel; By End User; By Country
Market Size of Geographies China; Indonesia; Philippines; Vietnam; Thailand; South Korea; Malaysia; Taiwan; Hong Kong
Secondary Sources and References (Partial List) American Academy of Dermatology; American Dental Association; American Skin Association; British Association of Dermatologists; Herpes Viruses Association; National Library of Medicine; United States Food and Drug Administration; World Health Organization; Ministry of Health, Labour and Welfare of Japan

 

Market Players Are Focusing on Mergers and Acquisitions to Gain Competitive Edge

The lip cold sore treatment market is fragmented in nature. Some of the key players in the lip cold sore treatment market in China, South Korea, Taiwan, Hong Kong, and SEA are Perrigo Company plc, Church & Dwight Co. Inc., Kyungdong Pharmaceutical Co. Ltd., Quantum Health, Carma Labs Inc., Integria Healthcare (Australia) Pty. Ltd., and Blistex Inc.

In recent years, players in the lip cold sore treatment industry have actively involved themselves in mergers and acquisitions to cut through the strong market competition.

  • In July 2019, Perrigo Company plc, a provider of over-the-counter (OTC) health and wellness solutions, announced the completion of the acquisition of Ranir Global Holdings LLC (Ranir), a global store brand supplier of oral care products, in order to grow and diversify its store brand portfolio through their combined scale, global presence, pipelines, and shared self-care strategies.

Key Players in Lip Cold Sore Industry Include:

  • Perrigo Company plc
  • Church & Dwight Co. Inc.
  • Kyungdong Pharmaceutical Co. Ltd.
  • Quantum Health
  • Carma Labs Inc.
  • Integria Healthcare (Australia) Pty. Ltd.
  • Blistex Inc.
  • Alliance Pharma plc
  • Li & Fung Limited
  • Viatris Inc.

Market Size Breakdown by Segment

The lip cold sore treatment market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.

Based on Product Type

  • Cream
  • Patch
  • Gel

Based on End User

  • Clinics
  • Hospitals
  • Homecare Settings

Based on Distribution Channel

  • Pharmacies
  • E-Commerce
  • Direct Sales
  • Grocery Stores

Geographical Analysis

  • Thailand
  • Indonesia
  • Philippines
  • Vietnam
  • Taiwan
  • South Korea
  • China
  • Malaysia
  • Hong Kong
Place An Order
USD 4900 USD 6400 USD 8400
Customized Report Solution

Get a bespoke market intelligence solution

 
We are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Quality Acknowledgement

Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you

Unmatched Standards
Unmatched Standards

Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights

Reach Us
Reach Us Whenever You Need Us

With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required

Data Security
Complete Data Security

We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws