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HIV Drugs Market Trends, Top Companies, Share, Growth And Forecast 2032
HIV Drugs Market
The Business Research Company's HIV Drugs Global Market Report 2023 identifies increasing awareness among people regarding the diagnosis and treatment of HIV disease as the major driver for the HIV drugsmarket's growth in the forecast period. HIV/AIDS is one of the most chronic diseases and the high prevalence of the disease in almost all parts of the world has resulted in an unprecedented awareness regarding the disease.
The global HIV drugs market size grew from $33.39 billion in 2022 to $35 billion in 2023 at a compound annual growth rate (CAGR) of 4.8% . The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the HIV drugs market is expected to grow from $42.65 billion in 2027 at a CAGR of 5.1% .
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Major competitors in the HIV drugs market are ViiV Healthcare, Gilead Sciences, Merck & Co., Inc., Bristol-Myers Squibb Company, Janssen (Johnson&Johnson), F. HOFFMANN-LA ROCHE Ltd., Boehringer Ingelheim (C.H. Boehringer Sohn AG & Ko. KG), AbbVie, Inc., GlaxoSmithKline PLC.
A key trend in the HIV drugs market includes technological advancement. Combination drugs combine multiple medications into one drug form. Examples of multiclass combination drugs or single-tablet regimens (STRs) include both NRTIs and NNRTIs: doravirine, lamivudine, and tenofovir disoproxil fumarate (Delstrigo). Based on drug class, drugs are segmented into Integrase Inhibitors, Protease Inhibitors, Multi-class Combination Products, Nucleoside Reverse Transcriptase Inhibitors (NRTIs), Non-Nucleoside Reverse Transcriptase Inhibitors (NNRTIs), and Others. Multi-class Combination Products are the rising burden of HIV and new drug approval. According to WHO, In 2021, 1.5 million [1.1-2.0 million] people contracted HIV, and 650 000 [510 000-860 000] people died from HIV-related causes. Many companies are focusing on developing breakthrough products for the treatment through antiretroviral drugs to maintain their competitive advantage and penetrate new regional markets.
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The HIV drugsmarket is segmented -
• By Type: Nucleoside Reverse Transcriptase Inhibitors (NRT's), Non- Nucleoside Reverse Transcriptase Inhibitors (NNRT's), Protease Inhibitors, Integrate Inhibitors, Fusion Inhibitors, Chemokine Receptor Inhibitors, Other Types
• By Application: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Other Applications
• By Administration: Oral, Parenteral
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the HIV drugsmarket.
The Business Research Company's "Global HIV Drugs Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The HIV Drugs Market Include:
1. Executive Summary
2. HIV Drugs Market Characteristics
3. HIV Drugs Market Trends And Strategies
4. HIV Drugs Market - Macro Economic Scenario
5. HIV Drugs Market Size And Growth
……
27. HIV Drugs Market Competitive Landscape And Company Profiles
28. HIV Drugs Pipeline Analysis
29. Key Mergers And Acquisitions In The HIV Drugs Market
30. HIV Drugs Market Future Outlook and Potential Analysis
31. Appendix
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