The human immunodeficiency virus (HIV) drugs market outlooks and analysis by type and end user– forecast to 2032. According to MRFR analysis, HIV Drugs Market is expected to register a CAGR of 3.9% during the forecast period of 2023 to 2032 and was valued at USD 31.74 Billion by 2032.
HIV medications work to suppress the spread of the human immunodeficiency virus (HIV), strengthen the immune system as a whole, and lessen or eliminate symptoms. Antiretrovirals, which help fight the virus and lower the viral load, are the drugs used to treat HIV infection.
The rising prevalence of HIV infection, rising public awareness of HIV treatment, and the introduction of novel medications are all contributing to the worldwide HIV drug market's expansion. However, during the evaluation period, the growth of the global HIV drug market is anticipated to be restrained by strict regulatory policies for drug approval and product recalls. Several market players presently control the majority of the global HIV drug market. Launching new products and forming strategic alliances are activities that the major players engage in to advance their market places.
Segmentation
The global HIV drug market share has been segmented based on type and end-user.
The market, based on type, has been divided into nucleoside reverse transcriptase inhibitors (NRTIs), non-nucleoside reverse transcriptase inhibitors (NNRTIs), protease inhibitors (PIs), fusion inhibitors, CCR5 antagonists, integrase inhibitors, post-attachment inhibitors, and pharmacokinetic enhancers.
The drugs in these different segments differ with respect to their mechanism of treating the HIV infection. The different approaches for treatment are, inhibiting HIV’s reverse transcriptase, preventing HIV maturation, and preventing the entry of the virus into the host cells, among others.
The global HIV drugs market has been segmented based on end-user, into hospitals clinics, specialty centers, and others. The hospitals clinics segment is expected to hold the largest market share due to an increasing number of hospitals.
Key Players
Some of the key players in the Global HIV Drugs Market are Boehringer Ingelheim International, GmbH (Germany), Cipla Inc. (India), Merck Co., Inc. (US), AbbVie Inc. (US), Bristol-Myers Squibb Company (US), Teva Pharmaceutical Industries Ltd (Israel), Gilead Sciences, Inc. (US), F.Hoffmann-La Roche Ltd (Switzerland), Pfizer Inc. (US), Aurobindo Pharma (India), Celltrion Healthcare Co., Ltd (South Korea), and ViiV Healthcare (UK).
Regional Analysis
The market has been divided, by region, into Europe, the Americas, Asia-Pacific, and the Middle East Africa. The Americas holds the largest market share. The HIV drugs market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. Europe is expected to be the second-largest market owing to factors such as product launches by key players. The European HIV drugs market has been categorized as Western Europe and Eastern Europe.
The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The HIV drugs market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the growing awareness regarding the use of HIV drugs and the increasing incidence of HIV in the region, the market in Asia-Pacific is expected to be the fastest-growing. The HIV drugs market in the Middle East Africa has been divided into the Middle East and Africa and is expected to hold the least market share.
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