The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s HIV drugs market report forecasts the HIV drugs market size to grow to $42.65 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.

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HIV Drugs Market Size Forecast
The global HIV drugs market is expected to grow from $33.39 billion in 2022 to $35 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The HIV drugs market is expected to grow from $42.65 billion in 2027 at a CAGR of 5.1%.

North America held the largest HIV drugs market share, and Middle East was the fastest-growing region in 2022.

Key HIV Drugs Market Driver ­– Increase In Awareness Among People Regarding The Diagnosis And Treatment Of HIV Disease Acts As An Important

According to WHO, 26 million people were diagnosed with HIV/AIDS in 2020, whereas, 32.7 million people died of AIDS-related illness at the end of 2019. The federal government agencies and various associations across the globe have introduced many initiatives and education campaigns for community awareness to address HIV prevention, treatment, and care.

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Key HIV Drugs Market Trend – Implementing Multi-Class Combination Products
The antiretroviral drugs market is increasingly implementing multi-class combination products for the treatment of antiretroviral therapy. Combination drugs combine multiple medications into one drug form. Examples of multiclass combination drugs or single-tablet regimens (STRs) include both NRTIs and NNRTIs: doravirine, lamivudine, and tenofovir disoproxil fumarate (Delstrigo). Based on drug class, drugs are segmented into Integrase Inhibitors, Protease Inhibitors, Multi-class Combination Products, Nucleoside Reverse Transcriptase Inhibitors (NRTIs), Non-Nucleoside Reverse Transcriptase Inhibitors (NNRTIs), and Others. Multi-class Combination Products are the rising burden of HIV and new drug approval. According to WHO, In 2021, 1.5 million [1.1-2.0 million] people contracted HIV, and 650 000 [510 000-860 000] people died from HIV-related causes. Many companies are focusing on developing breakthrough products for the treatment through antiretroviral drugs to maintain their competitive advantage and penetrate new regional markets.

HIV Drugs Market Segment
1) By Type: Nucleoside Reverse Transcriptase Inhibitors (NRT’s), Non- Nucleoside Reverse Transcriptase Inhibitors (NNRT’s), Protease Inhibitors, Integrate Inhibitors, Fusion Inhibitors, Chemokine Receptor Inhibitors, Other Types
2) By Application: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Other Applications
3) By Administration: Oral, Parenteral

HIV Drugs Market Major Players and Strategies
Major players in the HIV drugs market are ViiV Healthcare, Gilead Sciences, Merck & Co., Inc., Bristol-Myers Squibb Company, Janssen (Johnson&Johnson), F. HOFFMANN-LA ROCHE Ltd., Boehringer Ingelheim (C.H. Boehringer Sohn AG & Ko. KG), AbbVie, Inc., GlaxoSmithKline PLC., Mylan Pharmaceuticals, Pfizer, TEVA PHARMACEUTICAL INDUSTRIES Ltd., Hetero Drugs, Daiichi Sankyo, Emcure, AstraZeneca, CIPLA, Alexion Pharmaceuticals, Shionogi, Theratechnologies, and Abbott Laboratories Inc.

The HIV Drugs Global Market Report 2023 covers regional data on HIV drugs market size, HIV drugs market trends and drivers, opportunities, strategies, and HIV drugs market competitor analysis. The countries covered in the HIV drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

HIV drug refers to an antiretroviral drug that is frequently used to treat HIV. HIV medications prevent the spread of the human immunodeficiency virus (HIV) or other retroviruses in the body. HIV can cause AIDS if it is not treated (acquired immunodeficiency syndrome). Currently, there is no cure that works well.

View More Reports Related To The HIV Drugs Market –
Drugs For Hormonal Replacement Therapy Global Market Report 2023
Hormonal Contraceptives Global Market Report 2023
Drugs For Immunotherapy Global Market Report 2023

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