USD 30.99 billion
Report ID:
SQMIG35I2310 |
Region:
Global |
Published Date: October, 2024
Pages:
219
|Tables:
71
|Figures:
69
HIV Drugs Market size was valued at USD 34.57 Billion in 2023 and is poised to grow from USD 37.82 Billion in 2024 to USD 77.6 Billion by 2032, growing at a CAGR of 9.4% during the forecast period (2025-2032).
Growing prevalence of HIV infections around the world are slated to bolster the sales of HIV drugs going forward. Increasing awareness regarding HIV infections and growing demand for better treatment and therapeutics for the same is also estimated to uplift the demand for HIV drugs in the future. Advancements in antiretroviral therapy (ART) for the treatment of HIV infections are also expected to play a crucial role in augmenting the global HIV drugs market outlook over the coming years. High investments in the development of better HIV treatments are also estimated to create an opportune setting for HIV drug providers going forward. Launch of new HIV awareness and prevention initiatives by governments and public health organizations is also estimated to boost the sales of HIV drugs in the long run. Rising emphasis on early testing and diagnostics for HIV infections is also expected to create new business scope for HIV drug companies through 2031 and beyond. However, side effects and toxicity in long-term treatments, issues of drug resistance, social stigma and discrimination against HIV patients, and high cost of certain drugs are some key constraints for HIV drugs demand outlook.
Global Market Size
USD 30.99 billion
Largest Segment
Dust collectors
Fastest Growth
Dust collectors
Growth Rate
4.10% CAGR
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Global HIV Drugs Market is segmented by Medication Class, Distribution Channel. Based on Medication Class, the market is segmented into Multi-Class Combination Drugs, Nucleoside Reverse Transcriptase Inhibitors (NRTIs), Non-Nucleoside Reverse Transcriptase Inhibitors (NNRTIs), Protease Inhibitors (PIs), Entry Inhibitors, HIV Integrase Strand Transfer Inhibitors, and Others. Based on Distribution Channel, the market is segmented into Hospital Pharmacies, Drugs stores and retail pharmacies, Online pharmacies. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Medication Class
Combination HIV medicines are estimated to hold a major part of the global HIV drugs market share going forward. Growing efforts to improve HIV medication management and reduce the risk of potential side effects and cross infections are expected to help this segment maintain its dominance in the future. Low risk of drug resistance through the use of combination HIV medicine is also a key benefit helping this segment bring in more revenue than others over the coming years. Use of combination HIV medications can also help prevent the transmission of disease from one person to another, this is especially useful to prevent transmission of HIV from pregnant mothers to their offspring.
Meanwhile, integrase inhibitors are slated to hold the second-largest HIV drugs market share over the coming years. Standard use of integrase inhibitors in the treatment of any HIV infection and their low risk of side effects allows this segment to offer lucrative opportunities for all HIV drugs providers going forward. Extensive use of integrase inhibitors in initial HIV treatment will also create new business scope for market players through 2031 and beyond. Raltegravir (Isentress), elvitegravir (Vitekta), dolutegravir (Tivicay), bictegravir (Bictarvy), and cabotegravir (Vocabria) are some popular integrase inhibitors used extensively in HIV treatment and management.
Analysis by Distribution Channel
Hospital pharmacies are projected to spearhead the global HIV drugs market forecast in the future. Growing hospitalization of patients suffering from HIV and increasing availability of novel HIV treatments in hospitals are slated to create new business scope for market players via this segment going forward. High availability of novel HIV drugs and provision of specialized services by hospital pharmacies are also helping this segment hold sway over others. Moreover, the availability of HIV drugs at subsidized prices and increasing number of prescription-only HIV drugs are also expected to help this segment generate more revenue for all market players in the long run.
Meanwhile, the demand for HIV drugs from online pharmacies is slated to rise at an impressive pace in the future. Increasing adoption of telehealth and telemedicine practices in HIV treatment and management will help this segment generate new business scope for HIV drug providers going forward. Increasing internet penetration and the growing preference of patients to buy drugs at their own convenience is also expected to help offer lucrative new opportunities for HIV drug providers in the future. Increasing availability of new online pharmacy platforms is also expected to help this segment offer new revenue generation potential for all market players through 2031 and beyond.
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North America is estimated to emerge as the leader in terms of HIV drugs demand owing to high prevalence of HIV infections in this region. Rising awareness regarding HIV infections, presence of a developed healthcare infrastructure, and presence of key HIV drug suppliers are all contributing to the dominance of this region in terms of HIV drugs market size and volume. Canada and the United States are slated to be the most opportune markets for HIV drug providers operating in North America. High investments in medical R&D in this region also help boost the sales of HIV drugs going forward.
Increasing number of HIV patients, growing awareness regarding HIV and other chronic diseases, and growing demand for HIV treatment are slated to help Asia Pacific become the most opportune market for HIV drugs companies. Supportive government initiatives to improve accessibility to proper HIV treatment will also be a key HIV drugs market trend promoting sales of HIV drugs in this region. India and China are estimated to be the top markets for any HIV drugs company looking to make a mark in this region through 2031 and beyond. Increasing healthcare spending potential of patients will also positively impact the demand for HIV drugs in the future.
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Market Drivers
Support and Awareness Programs
High Incidence of HIV Infections
Restraints
Issues of Drug Resistance
Toxicity and Side Effects in Long Term Treatment
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HIV drug providers are expected to focus on collaborations and partnerships to widen their business scope and increase sales going forward. Teaming up with governments and public health organizations could also improve the accessibility of HIV drugs to more patients in the future. Targeting underdeveloped and developing countries is forecasted to present lucrative money-making opportunities for HIV drug providers in the long run. Gaining approvals for their novel drugs will also be a key area of interest for all market players.
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing incidence of HIV infections around the world and launch of new awareness and accessibility programs for HIV drugs are slated to drive market development going forward. However, risk of side effects and toxicity and drug resistance are slated to impede sales of HIV drugs in the future. North America is slated to be the leading market for HIV drugs companies owing to the high incidence of HIV among people in countries such as the United States and Canada. Integration of digital health and use of dual therapy are estimated to offer lucrative opportunities for HIV drugs providers in the long run.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 31.6 billion |
Market size value in 2031 | USD 70.93 billion |
Growth Rate | 9.4% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the HIV Drugs Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the HIV Drugs Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the HIV Drugs Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the HIV Drugs Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35I2310
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