HIV Antiviral Market to Total US$ 47 Bn, Amid Increasing Prevalence of HIV Worldwide | Future Market Insights, Inc.
India is expected to lead the growth in South Asia market due growing cases of HIV. North America is expected to dominate the global HIV antivirals market, holding a share of 38.7% in 2021
NEWARK, Del, June 29, 2022 (GLOBE NEWSWIRE) -- According to Future Market Insights, the global HIV antiviral market was around *US$ 29.4 **Bn* in 2021 and is expected to exhibit a CAGR of close to *4.4%* over the forecast period (2022-2032).The demand for HIV antivirals is increasing due to growing prevalence of HIV across the globe. For instance, according to the Joint United Nations Programme on HIV/AIDS (UNAIDS), approximately 37.7 million people were infected with HIV in the world in 2020.
Further, demand for HIV antivirals will also surge amid surging rate of unprotected sex and the use of contaminated needles or syringes. As per the National Youth Risk Behavior Survey provided by the Centers for Disease Control and Prevention (CDC), 38% of the respondents had sexual intercourse, and 9% had four or more sexual partners in the U.S., during high school, in 2019.
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Hence, key players are developing generic anti-HIV drugs at cost-effective prices to capitalize on growing demand. For instance, generic versions of Lamivudine, Abacavir, and Efavirenz are available in the U.S. at prices lower than their branded versions. This is expected to create lucrative opportunity for the generic HIV antivirals manufacturers to provide affordable medical facilities in low and middle-income countries.
*Key Takeaways from Market Study*
· Fixed-dose combinations (FDCs) segment held over *83.2%* market value share in 2021, owing to their ability to improve adherence to an HIV treatment regimen.
· Hospital pharmacies are the leading sales channel of the HIV antivirals, with over *53%* of the market share in 2021, and are anticipated to grow at a CAGR rate of *4.5%* in upcoming decade
· North America is expected to dominate the global HIV antivirals market, holding a share of *38.7%* in 2021.
· India is expected to lead the growth in South Asia market owing to the growing cases of HIV in the country
“With increasing awareness among the people about HIV causes and symptoms, the HIV antivirals market is set witness positive growth during the forecast period. Hence, key players are developing anti-HIC drugs vaccines to increase their revenue,” *says an analyst of Future Market Insights.*
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*Market Competition*
Market players are expanding the business through collaborations, and increasing involvement in clinical trials as the key strategy with instances of key companies, such as Merck and Gilead, in order to improve their reach in the market and compete with other key players in forthcoming years. For instance:
· In October 2021, Merck announced favorable results from two pivotal Phase 3 trials of the investigational, once-daily oral fixed-dose combination pill of doravirine/islatravir (DOR/ISL) in adults with HIV-1 infection.
· In March 2021, Gilead announced the development and commercialization of long-acting, investigational treatment combinations of Lenacapavir and Islatravir in HIV in association with Merck.
*What Does the Report Cover?*
Future Market Insights offers a unique perspective and actionable insights on the HIV antiviral market in its latest study, presenting a historical demand assessment of 2017 – 2021 and projections for 2022 – 2032.
The research study is based on the product – (fixed-dose combinations (FDCs), integrase strand transfer inhibitors (INSTIs), non-nucleoside reverse transcriptase inhibitors (NNRTIs), entry inhibitors - CCR5 co-receptor antagonist, protease inhibitors (PIs), nucleoside reverse transcriptase inhibitors (NRTIs), and others), by sales channel (hospital pharmacies, retail pharmacies, and online pharmacies) across seven key regions of the world.
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Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here.
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*Key Market Segments Covered in HIV Antivirals Market Research*
By Product:
· Fixed Dose Combinations (FDCs)
· Integrase Strand Transfer Inhibitors (INSTIs)
· Non-Nucleoside Reverse Transcriptase Inhibitors (NNRTIs)
· Entry Inhibitors - CCR5 co-receptor antagonist
· Protease Inhibitors (PIs)
· Nucleoside Reverse Transcriptase Inhibitors (NRTIs)
· Others
By Distribution Channel:
· Hospital Pharmacies
· Retail Pharmacies
· Online Pharmacies
By Region:
· North America
· Latin America
· Europe
· South Asia
· East Asia
· Oceania
· The Middle East and Africa (MEA)
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*Table of Content*
*1. Executive Summary*
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-Side Trends
1.4. Analysis and Recommendations
*2. Market Overview*
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Inclusions and Exclusions
*3. Key Market Trends*
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
*4. Key Success Factors*
4.1. HIV Disease Epidemiology
4.2. Regulatory Scenario
4.3. Clinical Pipeline Assessment
4.4. PESTLE Analysis
4.5. Porters Analysis
4.6. Key Promotional Strategies by Key Manufacturers Full Toc
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