As of 2022, the global HIV antivirals market has surged to a substantial worth of US$ 30.6 billion, heralding a promising trajectory for the healthcare industry. Forecasts predict a remarkable leap to reach an estimated value of US$ 47.0 billion by the conclusion of 2032, depicting a steady 4.4% Compound Annual Growth Rate (CAGR) in sales revenue over the decade.
The dynamics of this market, marked by significant advancements and innovative treatment options, demonstrate a burgeoning demand for HIV antivirals. A recent forecast revealed that fixed-dose combinations (FDCs) have dominated, holding more than 83% of the market for HIV antivirals in 2021. This substantial market share underscores the confidence and trust in these combined therapeutic solutions.
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The landscape of HIV antivirals has witnessed substantial evolution, driven by groundbreaking research and development initiatives. This progress has not only elevated treatment efficacy but also enhanced patient convenience and adherence to therapeutic regimens.
“As the market continues to expand, the pursuit of advanced treatment modalities and the emphasis on accessibility and inclusivity remain pivotal,” states Future Market Insights. “The projected growth underscores the collective efforts towards innovation and the unwavering commitment to improve the quality of life for individuals affected by HIV.”
Factors contributing to this remarkable growth include a combination of increased awareness, expanding healthcare infrastructure, and ongoing research initiatives aimed at developing more effective and accessible treatment options for HIV.
The anticipated rise in the market for HIV antivirals not only signifies economic growth but also underscores the profound impact on public health worldwide. This trajectory positions the industry to address evolving challenges and emphasizes the importance of sustained investment in research and development.
Therefore, to capitalise on the rising demand for generic anti-HIV medications, major producers are doing so at a low cost. For example, cheaper generic versions of Lamivudine, Abacavir, and Efavirenz are available in the US than their branded equivalents. This is projected to generate a lucrative opportunity for producers of generic HIV antivirals to provide low- and middle-income people with access to affordable medical services.
Key Takeaways from Market Study:
- Because of their ability to increase adherence to an HIV treatment regimen, fixed-dose combinations (FDCs) owned more than 83.2% of the market value in 2021.
- Hospital pharmacies are the dominant sales channel for HIV antivirals, accounting for over 53.4% of the market in 2021, and are expected to increase at a CAGR of 4.5% over the next decade.
- In 2021, the United States dominated the North American HIV antivirals market, with a total market share of around 96.8%.
- Because of the increasing number of HIV patients in the country, India is likely to lead the growth in the South Asian market.
“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
Key Players:
- Merck & Co., Inc.
- Johnson & Johnson
- Genetech, Inc.
- Teva Pharmaceutical Industries Ltd.
- AbbVie
- Cipla
- Pfizer Inc.
- Mylan N.V.
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:
- Merck reported positive results from two pivotal Phase 3 trials of the experimental, once-daily oral fixed-dose combination tablet of doravirine/islatravir (DOR/ISL) in adults with HIV-1 infection in October 2021.
- Gilead announced in March 2021, in collaboration with Merck, the development and marketing of long-acting, experimental therapy combinations of Lenacapavir and Islatravir in HIV.
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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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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