HIV Therapeutics Market– South Africa's Aspen launches three-in-one HIV drug
Aspen Pharma care, a South Africa’s drug maker has launched a triple combination of tablet for the treatment of HIV in the country where the HIV virus is the most prevalent. The company's new Emdolten drug is a once a day tablet which is in the form of dolutegravir, an antiretroviral medication that balances the drug’s resistance. The company has launched Aspen Stavudine which was its first generic ARV drug in 2003 at a peak time when the country was suffering with a high rate of HIV infection. There is no vaccination to prevent the HIV disease. Current treatments will only help the patients to manage the disease where as the fast spreading virus has been a challenge to the medical community as it often develops a resistance to the medicines.
Aspen Pharma care holdings Limited is a South Africa based drug maker company founded in 1850 and became a public limited company in 1997. It is a multinational and largest manufacturer of drugs in Africa with head quarters at South Africa. With 10,513 employees constantly working to provide generic versions of antiretrovirals (ARV), Aspen has become the largest generic medicine distributor in South Africa.
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Market Data Forecast published a report named Global HIV Therapeutics Market was worth USD 13.57 billion in 2018 and estimated to be growing at a CAGR of 1.4%, to reach USD 14.55 billion by 2023.
Report segmented as:
• Home care settings
• Others (biotechnology and pharmaceutical companies, academic research institutes)
Under end users, the hospitals segment is expected to account for the largest share of market. It is also driven by increasing awareness of HIV/AIDS.
Based on geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific, Middle East and Africa, Latin America. North America, trailed by Europe, has the highest market share for HIV therapeutics because of affordability and availability of costly treatment for HIV infections and developments in medication treatments in this region. Asia is expected to show high development rate in the HIV therapeutics market in next couple of years because of increasing number of HIV affected people and expanding research exercises for creating HIV medications and immunizations in the region.
Key market players:
• Aspen Pharmacare
• Boehringer Ingelheim
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The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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