Global HIV Drugs Market Research Report 2023-2031: Long-Acting Injectable HIV Therapies Redefining the Treatment Landscape

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Oct 02, 2023, 13:00 ET

DUBLIN, Oct. 2, 2023 /PRNewswire/ -- The "Global HIV Drugs Market Report and Forecast 2023-2031" report has been added to ResearchAndMarkets.com's offering.

The global HIV drugs market value was USD 32.1 billion in 2022, driven by the increasing prevalence of HIV across the globe. The market size is anticipated to grow at a CAGR of 4.5% during the forecast period of 2023-2031 to achieve a value of USD 47.8 billion by 2031.

HIV drugs, particularly antiretroviral therapy (ART), have emerged as pivotal tools in managing HIV and enhancing the well-being of individuals affected by the virus. ART encompasses a combination of medications designed to collaboratively suppress the virus, thwart its progression to Acquired Immune Deficiency Syndrome (AIDS), and diminish the risk of transmission.

In recent times, the global HIV drugs market has undergone substantial expansion, driven by various factors. These include the escalating prevalence of HIV, remarkable strides in antiretroviral therapy, the emergence of novel treatment regimens, and a concerted effort to widen treatment accessibility in low- and middle-income nations. Additionally, the market's growth is propelled by an escalating demand for innovative therapies renowned for their superior efficacy, reduced side effects, and enhanced patient adherence when compared to conventional treatments.

The adoption of HIV drugs has experienced consistent growth due to the enduring prevalence of HIV and the continuous evolution of antiretroviral therapy, leading to the development of more potent and tolerable treatments.

Furthermore, the intensified focus on extending treatment accessibility in low- and middle-income countries has contributed significantly to the market's expansion, as these regions shoulder a substantial portion of the global HIV burden.

This comprehensive market report encompasses a range of critical analyses, including patent assessment, grant evaluation, clinical trial scrutiny, funding and investment exploration, as well as an examination of partnerships and collaborations, all spearheaded by leading key players in the field.

Key Trends in the HIV Drugs Market

New antiretroviral drugs and regimens: The development of novel antiretroviral drugs and treatment regimens has improved treatment outcomes and reduced side effects, leading to better patient adherence and overall quality of life
Long-acting injectable therapies: The emergence of long-acting injectable HIV therapies has the potential to revolutionize treatment by reducing the burden of daily oral medication and improving treatment adherence
Expanding access to treatment: Global efforts to increase access to antiretroviral therapy in low- and middle-income countries have contributed to the growth of the HIV drugs market
Drug resistance and treatment optimization: Ongoing research focuses on addressing the issue of drug resistance, as well as optimizing treatment regimens to minimize side effects and maximize efficacy
Prevention strategies: The market is also witnessing growth in the demand for pre-exposure prophylaxis (PrEP) drugs, which are used to prevent HIV infection in high-risk individuals

The major companies in the market are as follows:

F. Hoffmann-La Roche Ltd
Bristol-Myers Squibb Company
AstraZeneca
GSK plc
Merck & Co., Inc
Novartis AG
Pfizer Inc
Sun Pharmaceutical Industries Ltd
Mylan N.V
Sanofi
Bayer AG
ViiV Healthcare group of companies
Genentech, Inc

HIV Drugs Market Segmentations

Market Breakup by Drug Class

Nucleoside Reverse Transcriptase Inhibitors
Multi-Class Combination Drugs
Protease Inhibitors
HIV Integrase Strand Transfer Inhibitors
Non-Nucleoside Reverse Transcriptase Inhibitors
Entry Inhibitors - CCR5 Co-Receptor Antagonist
Fusion Inhibitors
Others

Market Breakup by Route of Administration

Oral

Tablets
Capsules

Parenteral

Intravascular
intramuscular
Others

Market Breakup by Drug Type

Branded
Generics

Market Breakup by End User

Hospitals
Clinics
Specialty Centers
Research Institutes
Others

Market Breakup by Distribution Channels

Hospitals Pharmacies
Retail Pharmacies
Online Pharmacies
Others

Market Breakup by Region

North America

United States of America
Canada

Europe

United Kingdom
Germany
France
Italy
Others

Asia Pacific

China
Japan
India
ASEAN
Australia
Others

Latin America

Brazil
Argentina
Mexico
Others

Middle East and Africa

Saudi Arabia
United Arab Emirates
Nigeria
South Africa
Others

For more information about this report visit https://www.researchandmarkets.com/r/uimo2d

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