The HIV vaccine market has witnessed decisive changes over the years and the market is anticipated to reflect a positive growth trend in the forthcoming years. A new report published by Market Research Future projects a growth rate of about 5% from 2016 to 2027 and the market is expected to reach USD 2,702.3 Bn by 2027.
The global HIV vaccine market is highly competitive. The key players are investing majorly in R&D activities to develop vaccines and gain a substantial edge over competitors. Many new vendors are keen on entering the market which will lead to further expansion of the market. The key players dominating the market include Argos Therapeutics, Inc, Janssen Global Services Llc, Geovax, Genvec, Inc, Inovio Pharmaceuticals, Inc, Sanofi, Bionor Pharma Asa, Genecure Llc, Paxvax Corporation, GlaxoSmithKline Plc, and others.
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The global HIV vaccine market has been segmented based on type, antibiotics, clinical trials and region. By type, the market has been segmented into acute paronychia, chronic paronychia, candidal paronychia and pyogenic paronychia. By antibiotics, the market has been segmented into mupircin ointment, fusidic acid ointment, gentamicin ointment, dicloxacillin, and others. By clinical trials, the market has been segmented into Phase I, Phase II and Phase III.
By region, the market has been segmented into North America, Europe, Asia-Pacific and Rest of the World. North America is leading the HIV vaccine market and holds 44.4% of market share. The North America market for HIV vaccine is expected to attain USD 1,230.1 Bn by the end of the forecast period and is also projected to emerge as the fastest growing market with a CAGR of 5.2 %. This growth can be attributed to high investment in R&D in the region.
Europe ranks second in the global HIV vaccine market and is expected to expand at a CAGR of 5.1% over the forecast period. Asia Pacific market is foreseen to exhibit steady growth during the forecast period.
- The HIV Vaccine Global Market is expected to reach $ 2,702.3 Billion by 2027.
- At end of 2015, US$ 19 billion was invested into the AIDS response in low-and middle-income nations
- North America holds the largest market share of 44.4% of HIV vaccine’s and is expected to reach $ 1,230.1 billion by the end of forecast period.
- North America is expected to be the fastest growing market at a CAGR of 5.2% due to high investment in HIV vaccine R&D.
Scientists are continuously conducting researches and clinical trials over the years to develop a vaccine for HIV and innovations are underway. Notable developments have been made in the field of HIV vaccine, and there has been a decline in HIV-related deaths. Antiretroviral treatment is a new benchmark in the development and prevention of HIV. Antiretroviral therapy is drugs which can prevent the growth of the HIV but cannot kill or cure it. With the usage of ART, the virus is slowed down, so is the disease.
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- Pharmaceutical manufacturers & Suppliers
- HIV vaccine products manufacturers & Suppliers
- Pharmaceutical and biotechnology companies
- Hospitals and diagnostic centers
- National Organizations & Government Organizations
- Academic research institutes
- Government institutes
HIV Vaccine Market Information, by Clinical Trials (Phase I, Phase II, Phase III), by Region (North America, Europe, Asia-pacific, ROW) – Forecast to 2027
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