Press release
HIV Drugs Market Analysis of Key Products and Market Dynamics with a Projected $44.72 Billion by 2031
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global HIV Drugs Market- by Product (Zolgensma, Atripla, Biktarvy, Complera, Delstrigo, Descovy, Dovato, Genvoya, Isentress, Juluca, Odefsey, Stribild, Symtuza, Tivicay, Triumeq, Trogarzo, Truvada, Cabotegravir/Rilpivirine, Fostemsavir, Leronlimab and Others), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/1092
According to the latest research by InsightAce Analytic, the global HIV Drugs market is valued at US$ 31.33 Billion in 2022, and it is expected to reach US$ 44.72 Billion by the year 2031, with a CAGR of 4.70% during a forecast period of 2024-2031.
Acquired immune deficiency syndrome (AIDS), one of the most severe and chronic diseases caused by the human immunodeficiency virus (HIV), is a viral infection transmitted through contact with infected blood, semen, breast milk, and other bodily fluids. The global prevalence of HIV is steadily increasing, with the World Health Organization (WHO) estimating that approximately 33 million people worldwide are currently living with HIV. As awareness of HIV grows, there has been a corresponding rise in testing and diagnosis, which has contributed to an increased demand for highly effective HIV medications to treat and manage the condition.
The growing global prevalence of HIV has significantly driven the demand for HIV drugs, as these medications play a vital role in inhibiting the replication of the virus, thereby reducing the risk of transmission. However, the rescheduling of HIV treatment procedures could lead to a backlog of patients seeking care in the future. In such cases, healthcare providers may recommend medication and lifestyle changes as temporary solutions until treatment can be resumed. In countries like the United States, private hospitals and clinics are also actively involved in the treatment of HIV, though adherence to social distancing measures is still advised. These factors are expected to influence the future trajectory of the HIV drug market.
The primary drivers of market growth for HIV medications include the rising prevalence of HIV and the increasing rate of diagnosis and treatment. Additionally, government initiatives aimed at raising public awareness about HIV, its causes, symptoms, and available treatments are playing a critical role in promoting the importance of these therapies in preventing the spread of the virus. As a result, heightened awareness due to such government efforts is expected to further propel market growth. Despite this, stringent regulatory requirements for the approval and commercialization of HIV drugs are likely to pose challenges to market expansion.
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North America is projected to be the leading contributor to the HIV drugs market over the forecast period, driven by the rising prevalence of HIV infection in the region. According to the Centers for Disease Control and Prevention (CDC), approximately 1.2 million individuals were living with HIV in the United States as of the end of 2018, significantly increasing the demand for HIV medications. Additionally, heightened awareness among the population is further contributing to market growth. Furthermore, the HIV drugs market in the Asia-Pacific region is expected to experience substantial expansion during the forecast period, driven by an aging population and overall population growth.
Major market players operating in the HIV Drugs market include
Gilead Sciences, Janssen, Merck & Co., Bristol-Myers Squibb, TaiMed Biologics, CytoDyn, ViiV Healthcare, Boehringer Ingelheim International GmbH, Teva Pharmaceutical Industries Ltd., Johnson & Johnson, Cipla Limited, AbbVie, F. Hoffmann-La Roche Ltd., Daiichi Sankyo, Emcure, Hetero Drugs, and Mylan among others.
Recent collaborations and agreements in the market:
• In July 2021, Darunavir paired with ritonavir (DRV/r) will be made available as a second-line medication for HIV patients in low and middle-income countries for US$ 210 per patient/year, according to a pricing agreement announced by Unitaid and the Clinton Health Access Initiative, Inc. (CHAI) and Hetero Labs LTD.
• In March 2021, A partnership contract was struck by Merck and Gilead Sciences Inc. to develop and market long-acting HIV treatment jointly. The firms want to combine Merck's investigational nucleoside reverse transcriptase translocation inhibitor islatravir and Gilead's investigational capsid inhibitor lenacapavir to produce a two-drug regimen for HIV.
• In January 2021, ViiV Healthcare created Cabenuva, an injectable drug authorized by the US Food and Drug Administration to treat adult patients with human immunodeficiency virus type 1 (HIV) infections.
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Market Segments
Global HIV Drugs Market, by Product, 2022-2030 (Value US$ Bn)
• Zolgensma
• Atripla
• Biktarvy
• Complera
• Delstrigo
• Descovy
• Dovato
• Genvoya
• Isentress
• Juluca
• Odefsey
• Stribild
• Symtuza
• Tivicay
• Triumeq
• Trogarzo
• Truvada
• Cabotegravir/Rilpivirine
• Fostemsavir
• Leronlimab
• Others
Global HIV Drugs Market, by Region, 2022-2030 (Value US$ Bn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America HIV Drugs Market, by Country, 2022-2030 (Value US$ Bn)
• U.S.
• Canada
Europe HIV Drugs Market, by Country, 2022-2030 (Value US$ Bn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific HIV Drugs Market, by Country, 2022-2030 (Value US$ Bn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America HIV Drugs Market, by Country, 2022-2030 (Value US$ Bn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa HIV Drugs Market, by Country, 2022-2030 (Value US$ Bn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global HIV Drugs market
To receive an industry overview and future trends of the HIV Drugs market
To analyze the HIV Drugs market drivers and challenges
To get information on the HIV Drugs market value (US$Bn) forecast to 2030
Significant investments, mergers & acquisitions in the HIV Drugs market industry
Read Overview Report- https://www.insightaceanalytic.com/report/global-hiv-drugs-market-/1092
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
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info@insightaceanalytic.com
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