The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s HIV Drugs Global Market Report 2024, the HIV drugs market is expected to show promising growth in the forecast period.

Introduction

• The HIV drugs market has witnessed steady growth in recent years.
• From $33.82 billion in 2023, it is projected to reach $35.33 billion in 2024, growing at a compound annual growth rate (CAGR) of 4.5%.

Factors Driving Growth

• Increased government support and initiatives.
• Rise in healthcare expenditure.
• Increase in HIV research and development spending.
• Increased incidence of HIV infection.
• Rise in awareness.
• Economic growth in emerging markets.

Future Projections

• Expected to continue growing to $41.2 billion in 2028.
• CAGR of 3.9%.
• Similar drivers as in the historic period.

Major Trends

• Investing in 3D bioprinting technology.
• New product innovations.
• Developing multi-class combination products.
• Investing in strategic collaborations and agreements.

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Key Players

• Gilead Sciences Inc.
• GlaxoSmithKline plc.
• Johnson & Johnson.
• Merck & Co. Inc.
• Boehringer Ingelheim International GmbH.
• Aurobindo Pharma.
• Mylan N.V.
• Emcure Pharmaceuticals.
• And many more…

Advancements In Multi-Class Combination Products

• Increasingly implemented for antiretroviral therapy.
• Combining multiple medications into one drug form.
• Examples: doravirine, lamivudine, and tenofovir disoproxil fumarate (Delstrigo).
• Segmented into various drug classes.

Segmentation of the HIV Drugs Market

1. By Type
   • Nucleoside Reverse Transcriptase Inhibitors (NRT’s)
   • Non- Nucleoside Reverse Transcriptase Inhibitors (NNRT’s)
   • Protease Inhibitors
   • Integrase strand transfer inhibitors (INSTIs)
   • Other Types
2. By Administration
   • Oral
   • Parenteral
3. By Application
   • Hospital Pharmacies
   • Retail Pharmacies
   • Other Applications

Regional Insights

• North America dominated the market in 2023.
• Middle East is expected to witness significant growth during the forecast period.

Conclusion The HIV drugs market is on a trajectory of continuous growth, fueled by various factors including increased awareness, research, and government initiatives. With the rise of multi-class combination products and strategic collaborations, the market is poised for further expansion, offering hope for better treatment outcomes and broader accessibility.

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