The global HIV drug market is likely to advance due to the growing worldwide innovations, increased number of infections, technological advancements and supportive government initiatives for research across the globe.

The Global HIV Drug market size was valued at US$ 25.1 Billion in 2020 and projected to reach US$ 35.3 Billion by 2027, growing at a CAGR of 3.2% during the forecast period, 2021-2027. One of the major factors propelling the global HIV drugs market is the rising prevalence of HIV and its diagnosis. An increase is also influencing the industry in government programs to boost public awareness about causes, symptoms, and remedies. Furthermore, the availability of generic drugs, which are less expensive and chemically identical to branded treatments, increases the demand for HIV medications. Moreover, a growing number of cases among the youth due to unaware and unprotected practices, using used syringes contaminated with infection is driving market expansion.

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Type Overview in the Global HIV drug market

Based on the type, the HIV drug market is segregated into the Multi-Class Combination medications, Non-Nucleoside Reverse Transcriptase Inhibitors (NRTI), Entry Inhibitors — CCR5 Co-Receptor Drug Market is segregated into -Protease Inhibitors, HIV Integrase Strand Transfer Inhibitors, Antagonist, Fusion Inhibitors and Others). The Multi-Class Combination medications is one the type expected to lead the market by 2027. The multi-class combination drugs sector has the largest market share since it involves the most contemporary technology for treating HIV infection; this is because of the increasing use of these drugs, which have the better result in the treatment of HIV.

Application Overview in the global HIV drug market

Based on the Application, the HIV drug market is classified into retail pharmacies, hospital pharmacies, online pharmacies, others. Hospital pharmacies currently hold the account for the largest share. They have seen more involved in the HIV drug market. The responsibility of a hospital is to provide patients with diagnostic and treatment services. The use of pharmaceuticals is an important aspect of patient treatment. Pharmacists and nurses work together to ensure that drugs are used appropriately in hospitals.

Regional Overview in the Global HIV drug market
The global HIV drug market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is the most promising market accounting for the majority of the global HIV drug market. Because of the increased government financing for drug and R&D, advancement in HIV therapy, and growth in HIV-positive people, North America held the world's biggest share in the drug market.

Global HIV drug Market: Competitive Landscape

Bristol-Myers Squibb, Gilead Sciences, GlaxoSmithKline, Jhonson & Jhonson, Merck, Cipla, Pfizer Inc, Abbvie are the key players in the global HIV drug market.

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