Kenya HIV/AIDS Drug Market 2023 | Estimate CAGR Analysis, Technological Development Overview, Growth Trends and Competitive Research till 2028

The Kenya HIV/AIDS Drug Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Kenya HIV/AIDS Drug market. This report explores all the key factors affecting the growth of the global Kenya HIV/AIDS Drug market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Overview

The HIV/AIDS drugs market size in Kenya stood at USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period

Kenya market for HIV/AIDS treatment has been expanding owing to the high burden of disease in the country. Kenya is home to one of the world's worst HIV and AIDS epidemics. Approximately 1.5 million people are living with HIV in 2019, and an estimated 1 million children have been orphaned by the virus.Although, the prevalence has declined, now stands at 4.7% according to CDC (Centre of Disease Control), many people in Kenya are still not being reached with HIV prevention and treatment services. According KENPHIA, the prevalence of HIV in women is at 6.6%, twice that in men at 3.1%. The gender disparity in the burden of HIV is even greater than 3 times in between the ages of 20-34 years. High prevalence in the country may be attributed to low levels of awareness about HIV risk among women, increase in people who inject drugs and unprotected sex with injected persons.

Market Drivers

Kenya HIV Diagnosis & Treatment Market is growing moderately due to decline in the prevalence of HIV/AIDS. The prevalence has declined from 6.7% in 2004 to 4.7% in 2019.

HIV/AIDS drug market is driven by the high burden of HIV/AIDS. Kenya has the third-largest HIV epidemic in the world with approximately 1.5 million people living with HIV/AIDS. In addition, increasing product pipeline for treating HIV/AIDS expected to create high demand. HIV/AIDS treatment market is driven by increasing governments and regulatory bodies support by means of research and development investment, fast track approval for newer treatments for this disease.

Kenyas health authorities have launcheda new way to reduce the spread of HIV among its people. Thisis pre-exposure prophylaxis(PrEP), joins other prevention and treatment methods already in use in Kenya.

It involves giving antiretroviral (ARV) drugs to people who are not infected with HIV but are at high risk of infection. Taking the drug reduces the chances of HIV infection.

Low rate of voluntary screening for the disease is a major restraint for the market. Awareness about diagnostic tests for HIV infection is extremely low in countries in Africa. Hence, companies are facing challenges in penetrating the market in the region. Moreover, several low- and middle-income countries depend on government grants for provision of rapid diagnostic tests in the event of an epidemic. Therefore, their direct reach to customers is weak. These factors hamper the market in the region.

 

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Market Segmentation

By Drug Class:

Based on class, the market has been segmented into multi-class combination drugs, nucleoside reverse transcriptase inhibitors, non-nucleoside reverse transcriptase inhibitors, protease inhibitors, fusion inhibitors and entry inhibitors and HIV integrase strand transfer inhibitors.

Multi-Class combination drugs and nucleoside reverse transcriptase inhibitors hold the dominant share in the market.

By Distribution Channel:

On the basis of distribution channel, the market for HIV/AIDS drugs can be segmented into hospital pharmacies, retail pharmacies, online pharmacies, and others.

The hospital segment is expected to dominate the market throughout the forecast period.

Major Players

Major companies operating in the HIV/AIDS drug market in Kenya are Abbott Laboratories (US), Boehringer Ingelheim GmbH (Germany), Bristol-Myers Squibb Company (US), Cipla Inc. (India), F. Hoffmann-La Roche Ltd (Switzerland), GlaxoSmithKline plc. (UK), Johnson & Johnson Services (US), and Merck & Co. (US).

ViiV Healthcare Limited is a joint venture by Pfizer and GlaxoSmithKline specializing in development of HIV therapies. Triureq and Tivicay are the most common first line treatment drugs in HIV in Kenya are manufactured by Viiv Healthcare Limited.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Kenya HIV/AIDS Drug Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global Kenya HIV/AIDS Drug Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Kenya HIV/AIDS Drug market
Chapter 2: Exclusive Summary - the basic information of the Kenya HIV/AIDS Drug Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Kenya HIV/AIDS Drug
Chapter 4: Presenting the Kenya HIV/AIDS Drug Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Kenya HIV/AIDS Drug market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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In conclusion, the Kenya HIV/AIDS Drug Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.

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