Integrase Inhibitors Market Top Players - Gilead Sciences, ViiV Healthcare, Merck & Co., Inc., GlaxoSmithKline PLC.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Integrase Inhibitors Market- (By Drug Class (First-Generation Integrase Inhibitors, Second-Generation Integrase Inhibitors, Others), By Indication (HIV Infection, Other Indications), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By End User (Hospitals and Clinics, Research Institutes, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Integrase Inhibitors Market is valued at US$ 27.66 Bn in 2022, and it is expected to reach US$ 40.56 Bn by 2031, with a CAGR of 4.5% during a forecast period of 2023-2031.

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Integrase inhibitors are a relatively new family of anti-HIV drugs that prevent the virus from inserting its DNA into the host cell's genome. The growing demand for HIV medications has increased alongside the spread of information about the disease and its prevalence. Access to HIV testing and treatment has increased in recent years, making this especially true in developing nations and is expected to increase in the coming years. The high demand for antiretroviral medications directly results from many people infected with HIV worldwide.

The government is also making efforts to expand HIV testing and treatment options for those who need them. Future integrase inhibitors market growth will be accelerated by sustained economic expansion and the introduction of innovative products. The introduction of novel drugs and sustained economic growth indicate the integrase inhibitors market's future growth. Uneven access to HIV treatment and a lack of education about the disease will hinder the market. The development of regulations grows the market demand for integrase inhibitors and ultimately increases competition, thereby boosting market growth.

List of Prominent Players in the Integrase Inhibitors Market:
• Gilead Sciences
• ViiV Healthcare
• Merck & Co., Inc.
• GlaxoSmithKline PLC
• Bristol-Myers Squibb Company
• Johnson & Johnson
• AbbVie Inc.,
• Janssen
• Pharmaceuticals Inc.
• Theratechnologies Inc.
• Shionogi & Co. Ltd.

Market Dynamics:
Drivers-
Growing demand for integrase inhibitors owing to their rising disposable income, evolving consumer preferences, and the availability of cheaper generic alternatives, etc., is a key factor likely to grow the target market. Increasing healthcare spending contributes to the sector's infrastructural development. The integrase inhibitors market will grow due to developments in medical technology, increased public and private sector efforts to raise awareness, and rising government funding. The growth rate of the integrase inhibitors market will also be influenced favourably by other variables, such as the development of the biotechnology sector and numerous technological breakthroughs, factors expected to augment the growth of the global integrase inhibitors market.

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Challenges:
The prime challenge is a lack of awareness of disease management and compliance with medication because of lockdowns and isolation in emerging countries, which is predicted to slow down the growth of the integrase inhibitors market. However, the drug's high price and inadequate healthcare infrastructure are in developing nations. The medication's associated negative effects will also hamper the development of the overall growth of the integrase inhibitors market over the coming years.

The COVID-19 period has caused significant delays in the supply chain, changes in the stock market, and fluctuations in the availability of pharmaceuticals. According to a recent update, the industries are facing unprecedented economic losses due to disruptions in global supply chains for key players operating in the global integrase inhibitors market. Distributors, suppliers and retailers have inventory but can't sell, and manufacturers must stop production to deal with the shutdown.

Regional Trends:
The North American integrase inhibitors market is anticipated to record a maximum market share in revenue, and it is projected to grow at a high CAGR in the near future because there are many people in need of care, a robust healthcare system, growing governmental support for HIV/AIDS medication, and increasing research and development efforts by prominent players are factors estimated to increase the growth of the integrase inhibitors market in the region.

Besides, Europe had a considerable share in the market due to its developed economy, advanced medical facilities and systems. This is due to the adoption of innovative methods by the major players in the integrase inhibitors market. Moreover, the existence of key market players and the growing cooperation between major players for market penetration in the area enables an opportunity to grow the global integrase inhibitors market.

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Recent Developments:
• In June 2023, Gilead Sciences, Inc. and Merck recently formed a collaborative agreement to jointly develop and market extended-release therapies for HIV. This partnership involves the combination of Gilead's ongoing research on lenacapavir, a capsid inhibitor, and Merck's ongoing research on islatravir, a nucleoside reverse transcriptase translocation inhibitor. The ultimate goal of this collaboration is to create a two-drug treatment regimen that offers innovative and significant therapeutic alternatives for individuals affected by HIV.
• In Sept. 2021, ViiV Healthcare and Shionogi signed an exclusive licence agreement for the development of ultra-long-acting, third-generation HIV integrase inhibitors. According to the provisions of the agreement, ViiV Healthcare will pay Shionogi £20 Bn upfront, £15 Bn upon the achievement of a clinical development milestone, and royalties on net sales.

Segmentation of Integrase Inhibitors Market-
By Drug Class-
• First-Generation Integrase Inhibitors
• Second-Generation Integrase Inhibitors
• Others
By Indication-
• HIV Infection
• Other Indications
By Distribution Channel-
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
By End User-
• Hospitals and Clinics
• Research Institutes
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.