Market Data Forecast recently published a report on the “Latin America HIV Therapeutics Market” which estimates the market to grow from USD 1.70 billion in 2016 to USD 1.83 billion by 2021 with a CAGR of 1.4%.
HIV Therapeutics is essential if not it may lead to AIDS which is more harmful. Antiretroviral therapy (ART) is most commonly used to treat HIV. Antiretroviral drugs fight the HIV in the body and lower the chances of the body being resistant to these drugs.
To give a better idea, a combination of drugs is the best way of HIV therapeutics. HIV can be diagnosed via several primary tests such as ELISA test, Home test, Saliva test, western blot test and Viral Load test. ELISA is an acronym for enzyme linked immunosorbent assay; if this is positive then western blot test is done for confirmation of the infection. Home tests can be used for diagnosing with the help of Home Access Express test which is sold at pharmacies. Saliva test is backed up blood test for full confirmation. These tests have to be done regularly within short span of time to know the stages of HIV and thereby, for better treatment.
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The DROC Analysis contains some of the factors that have major effects on the market dynamics be it positive or negative. Few factors analysed in the section are increasing prevalence of HIV, Efficacy of cost, requirement of less devices, side effects involved with the therapies, lack of skilled professional, no guaranteed curing treatment for HIV and improving healthcare infrastructure in developing markets.
The market is segmented based on drug class and application and studied for a deep-level understanding of the HIV Therapeutics. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
Based on Drug Class:
- integrase inhibitor
- nucleoside/nucleotide reverse transcriptase inhibitor
- non-nucleoside turn around transcriptase inhibitor
- HIV-1 protease inhibitor
- pharmacokinetic enhancer
- passage inhibitor
Based on Application:
- HIV Type-1
- HIV Type-2
Latin American Market is studied in geographic perspective by segregating the market shares between Brazil, Argentina, Mexico, Colombia and other South American countries. The study identifies North America as the predominant region in the Global HIV Therapeutics Market and Latin America is expected to grow further at a steady rate.
As per the report, companies like AbbVie, Inc., Bristol-Myers Squibb Company, Merck and Co., Inc., and Boehringer Ingelheim GmbH are contributing a fair share to the Latin American HIV Therapeutics Market. However, due to technological advancements and improvements being made in healthcare facilities there is an intense competition among the players in the market.
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Scope of the Latin America HIV Therapeutics Market:
- Regional and country-level analysisthat provides an innate perspective of USA and Canada Market to that of the North American region
- To detect major focus areas of industrial growth Segment-level analysison basis of drug class and applicatio along with market size forecasts and y-o-y estimations are provided
- Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
- PESTLE and Porter’s Five Forces Analyses that examine the macro & micro environmental factors such as political influence, technological prowess, industry rivalry to name a few.
- An extensive listing of major market playersalong with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
- mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape
- Expertly devised Market Outlook comprising theInvestment opportunities to provide both individuals and organizations a strong financial foothold in the market
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