HIV Drugs Market
Growth Factors of HIV Drugs Market
The HIV drugs market size was valued at USD 34.13 billion in 2023, and the market is now projected to grow from USD 36.11 billion in 2024 to USD 58.24 billion by 2032, exhibiting a CAGR of 6.2% during the forecast period of 2024-2032.
This led to the decline of the market because of the disruptions in the supply chain of HIV drugs and lower patronage in antiretroviral and antibiotic products owing to the COVID-19 pandemic. Moreover, reduced prescriptions of new patients in US, Europe and other COVID affected area also reduced the demand. This volatility affected the global stock and distribution of the necessary drugs amid the pandemic.
Today, researchers and pharmaceutical companies devote more of their attention to HIV drugs and this has boosted these advancements in the recent past. Current market leaders like Gilead Sciences, ViiV Healthcare, and Boehringer Ingelheim are leading such progression due to their investment in new products’ development. These steps seek to cater for the rising need for the newer HIV treatment worldwide.
Current trends in the global market include antiretroviral therapy as long-acting suppression (ATLAS) and availability of the first long-acting injectable formulations. These new ATLAS regimens are in the form of monthly dosages meaning that patients are likely to be more compliant with their therapy.
Comprehensive Analysis of HIV Drugs Market
The HIV drugs market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by product type analysis, and by distribution channel analysis. By product type analysis include combination HIV medicines, integrase inhibitors, non-nucleoside reverse transcriptase inhibitors (NRTIs), and others. By distribution channel analysis include hospital pharmacies, retail pharmacies, online pharmacies, and others.
The North America region lead the HIV drugs market share by benefitting a market size of USD 24.09 billion in 2023 due to the increasing prevalence of HIV infection amongst the U.S. population.
The top players in the markets have a central responsibility in the healthcare industry to be sure of industrial prospectus development and to establish the market norms. These players include, ViiV Healthcare, Gilead Sciences, Inc., GlaxoSmithKline plc, Merck & Co., Inc., Bristol-Myers Squibb Company, Johnson & Johnson Services, Inc. (Janssen Pharmaceuticals, Inc.), Boehringer Ingelheim International GmbH, AbbVie Inc., F. Hoffmann-La Roche AG (Genentech, Inc.), Mylan N.V. these market players provide a level-playing competitive landscape.
In December 2023, Zydus Lifesciences Limited received U.S. FDA approval for Darunavir Tablets 600 mg and 800 mg for the treatment of HIV-1 infection.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.2% from 2024-2032
Unit Value (USD Billion)
Segmentation By Product Type
- Integrase Inhibitors
- Non- Nucleoside Reverse Transcriptase Inhibitors (NRTIs)
- Combination HIV Medicines
- Others
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Others
By Geography
- North America (By Product Type, Distribution Channel, Country)
- U.S. (By Product Type)
- Canada (By Product Type)
- Europe (By Product Type, Distribution Channel, Country/Sub-Region)
- Germany (By Product Type)
- France (By Product Type)
- U.K. (By Product Type
- Italy (By Product Type)
- Spain (By Product Type)
- Netherlands (By Product Type)
- Rest of Europe (By Product Type)
- Asia Pacific (By Product Type, Distribution Channel, Country/Sub-Region)
- China (By Product Type)
- Japan (By Product Type)
- India (By Product Type)
- Australia (By Product Type)
- Southeast Asia (By Product Type)
- Rest of Asia Pacific (By Product Type)
- Rest of the World (By Product Type, Distribution Channel)
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