Human Immunodeficiency Virus (HIV) is a chronic and life-threatening disease which can be transferred from one person to another through blood-to-blood and sexual contact. It is a virus which attacks immune cells known as CD-4 cells, making body susceptible to infections and other diseases. Over the years, the rising prevalence of HIV disease worldwide has positively influenced the demand for HIV drugs. HIV drugs help in preventing the multiplication of HIV, thereby reducing the risk of its transmission. According to the latest report by IMARC Group, titled “HIV Drugs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global HIV drugs market reached a value of US$ 24 Billion in 2019 declining at a CAGR of around 3% during 2014-2019.
One of the primary factors catalysing the growth of the global HIV drugs market is increase in the prevalence of HIV and its diagnosis. Apart from this, the market is also influenced by a rise in the number of government initiatives for spreading the awareness amongst people regarding causes, symptoms and treatments. Moreover, the introduction of generic drugs, which are cost-effective and chemically identical to branded drugs, act as another factor that is contributing towards the demand for HIV drugs. Looking forward, IMARC Group expects the global HIV drugs market to continue to decline during the next five years.
This report provides a deep insight into the global HIV drugs market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the HIV drugs market in any manner.
Key Questions Answered in This Report:
The global HIV drugs market was worth around US$ 24 Billion in 2019.
According to the estimates by IMARC Group, the global HIV drugs market will decline during the next five years.
The increasing prevalence of HIV and its diagnosis represents one of the key drivers for the global HIV drugs market.
The introduction of generic drugs that are cost-effective and chemically-identical to branded drugs represents one of the key trends in the global HIV drugs market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations and state of emergency across several nations resulting in disrupted supply chains for HIV drugs.
On the basis of the class, the market has been bifurcated into multi-class combination products, nucleoside reverse transcriptase inhibitors, non-nucleoside reverse transcriptase inhibitors, protease inhibitors, fusion inhibitors, entry inhibitors - CCR5 co-receptor antagonist, and HIV integrase strand transfer inhibitors. Amongst these, nucleoside reverse transcriptase inhibitors hold the majority of the total market share.
On the basis of the distribution channel, the market has been classified into hospital pharmacies, retail pharmacies, online pharmacies, and others. At present, hospital pharmacies exhibit a clear dominance in the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
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