IMARC Group's latest report, entitled “HIV Drugs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global HIV drugs market reached a value of US$ 26.4 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 32.9 Billion by 2026.
HIV, also known as human immunodeficiency virus, damages the immune system by destroying the white blood cells (WBCs) that fight against the infections. HIV drugs are used to make the immune system strong enough to resist certain infections and related cancers. At present, highly active antiretroviral therapy (HAART) is the most commonly prescribed treatment. It has different combinations of one protease inhibitor and other drugs. These combinations help in enhancing the number of CD4+ cells and decreasing the amount of virus in the blood.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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HIV Drugs Market Trends and Drivers:
According to the estimates by the World Health Organization, around 36 million people are living with HIV and more than 1 million people became newly infected at the end of 2017. This growing patient population has led to increased demand for HIV drugs. Further, various initiatives and campaigns undertaken by the governments have created awareness among the masses about the advancements and discoveries of modern medicines for HIV treatment. These awareness campaigns have helped in early detection of the disease, enabling patients to start antiretroviral therapy in the initial stage of the infection. Apart from this, many international organizations are supporting research institutes by providing funds for R&D activities to develop innovative, affordable, safe, and efficient medicines for effective therapeutic solutions.
However, the cost of antiretroviral drugs is relatively high and patients without healthcare coverage find it extremely difficult to pay. Besides this, individuals suffering from the infection are perceived negatively or face discrimination in society due to false opinion or misconception about it. Due to this, the patients usually refuse to visit physicians and undergo disease diagnosis. Along with this, HIV treatment has numerous side effects, such as hyperlipidemia, osteopenia, lipodystrophy and osteoporosis. Many individuals are unable to tolerate these side effects, so they stop treatment.
Key Market Segmentation:
The report has segmented the global HIV Drugs market on the basis of class, distribution channel and region.
Breakup by Class:
- Nucleoside Reverse Transcriptase Inhibitors
- Multi-Class Combination Products
- Protease Inhibitors
- HIV Integrase Strand Transfer Inhibitors
- Non-Nucleoside Reverse Transcriptase Inhibitors
- Entry Inhibitors — CCR5 Co-Receptor Antagonist
- Fusion Inhibitors and Others
Breakup by Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Others
Regional Insights:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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