The HIV Drugs Market is an important sector of the healthcare industry. It has grown significantly over the past few years, with advances in technology and treatments leading to an increased demand for HIV drugs. The market is driven by factors such as rising prevalence of HIV, increasing availability of generic drugs, and government initiatives for providing access to affordable medicines. Moreover, rising research and development activities are expected to further propel the growth of the market in the coming years. The HIV drugs market size was valued at $30,891.48 million in 2019, and is expected to reach $36,495.47 million by 2027, registering a CAGR of 3.8% from 2020 to 2027.
HIV Drugs Market in Short:
✅ CAGR: 3.8%
✅ Current Market Size: USD 36.495 Million
✅ Fastest Growing Region: APAC
✅ Largest Market: North America
✅ Projection Time: 2020-2027
✅ Base Year: 2020
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What are HIV drugs used for?
No cure exists for HIV/AIDS, but strict adherence to antiretroviral regimens (ARVs) can dramatically slow the disease’s progress as well as prevent secondary infections and complications.
What are the market values / growth % of emerging countries?
Asia-Pacific has the highest growth rate in the market which is growing due to the contribution of the emerging countries. This is due to improvement in health awareness, development in healthcare infrastructure, and rise in number of hospitals & ambulatory surgical centers equipped with advanced medical facilities.
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Covid-19 Situation –
- The disruption of ground and air transportation services and the inability of ARV suppliers in time have adversely affected the global market for HIV drugs.
- At the same time, delays in HIV treatment have resulted in patients being treated sooner.
- However, as the lockdown eased, private HIV treatment clinics are re-opening and the market will soon recover.
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The approval of HIV drugs is expected to see a significant increase in the prevalence of HIV infection, an increase in the number of treatments and research and an increase in awareness and approval by the FDA for new products and their full acceptance among patients. . Increase in government initiatives to control HIV is driving the market growth. The Asia-Pacific region and LAMEA are expected to provide lucrative growth opportunities for industry leaders.
The North American and European markets hold the largest share of the HIV drug market due to the increasing number of people living with HIV and the presence of large pharmaceutical companies in these regions. Furthermore, the efficient healthcare system in these regions leading to high levels of research and treatment is one of the main reasons for North America and Europe’s share in the global market.
Major Key Market Players in the Industry –
- Boehringer Ingelheim International GmbH
- Merck & Co., Inc.
- Pfizer Inc.
- Gilead Sciences, Inc.
- GalaxoSmithKline plc.
- Johnson & Johnson,
- Hoffmann-La Roche Ltd.
- Teva Pharmaceutical Industries Ltd.
Market: By Region Outlook
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
- LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Rest of LAMEA)
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Important Questions Being Answered by This Market Report Are –
Q1. What is the total market value of HIV drugs market report?
Q2. What would be forecast period in the market report?
Q3. What is the market value of HIV drugs market in 2027?
Q4. Which is base year calculated in the HIV drugs market report?
Key findings of the study –
- North America gained 48.40% market share in 2019 and is expected to maintain this trend during the forecast period.
- Based on drug class, the multi-class drug combination segment is expected to grow at a CAGR of 4.1% from 2020 to 2027.
- The Asia-Pacific HIV drug market is expected to grow at a CAGR of 4.4% during the forecast period.
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