Human immunodeficiency virus (HIV) attacks the immune system of the individual. The human immunodeficiency virus (HIV) is a type of retrovirus that causes acquired immunodeficiency syndrome (AIDS). AIDS refers to a set of symptoms and illnesses. It is one of the most widespread and incurable deficiency syndromes among humans across the world. HIV spreads through unprotected intercourse with a person infected with HIV. HIV can also be transmitted through transfusion of contaminated blood, from infected mother to child during breastfeeding and pregnancy, and due to sharing of contaminated needles and syringes. Some of the symptoms of HIV infection are swollen glands, headache, slight fever, fatigue, and muscle ache. At present, HIV infection can be treated by drugs that belong to classes such as nucleoside reverse transcriptase inhibitors (NRTIs), non-nucleoside reverse transcriptase inhibitors (NNRTIs), entry and fusion inhibitors, integrase inhibitors, and protease inhibitors (PIs). Truvada, Atripla, Stribild, and Prezista/Prezcobix are some of the key drugs available in the market for treating HIV/AIDS.
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Global HIV/AIDS Drugs market Witness Most Promising Rise in Demand:
According to a WHO report, by the end of 2015, the number of people infected by HIV, globally, stood at 36.7 million. The global HIV/AIDS drugs market is expanding significantly due to increasing prevalence of the disease. Rise in the incidence of unprotected sex has led to increase in the prevalence of HIV/AIDS. Increase in funding from government and private sectors for the treatment of HIV/AIDS in terms of reimbursement is projected to drive the market during the forecast period. Low rate of voluntary screening for the disease is a major restraint for the market. Awareness about diagnostic tests for HIV infection is extremely low in countries in Africa. Hence, companies are facing challenges in penetrating the market in the region. Moreover, several low- and middle-income countries depend on government grants for provision of rapid diagnostic tests in the event of an epidemic. Therefore, their direct reach to customers is weak in these countries. These factors hamper the market in the region.
The global HIV/AIDS drugs market can be segmented based on drug class, distribution channel, and region. In terms of drug class, the market can be categorized into nucleoside reverse transcriptase inhibitors (NRTIs), non-nucleoside reverse transcriptase inhibitors (NNRTIs), entry & fusion inhibitors, integrase inhibitors, protease inhibitors (PIs), and combination class drugs. In terms of revenue, the combination class drugs segment held a significant share of the HIV/AIDS drug market in 2016. Atripla, Triumeq, and Truvada held a significant share of the market in 2016. In terms of distribution channel, the global HIV/AIDS drugs market can be classified into hospital pharmacies, retail pharmacies, online pharmacies, and others. In terms of revenue, the hospital pharmacies segment held a significant share of the HIV/AIDS drugs market in 2016.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Key Players of HIV/AIDS Drugs Market Report:
The key manufacturing companies in the HIV/AIDS Drugs market are focusing on mergers and acquisition in order to increase their market share for instance- in Feb, 2019, Henry Schein One acquired Kopfwerk, a practice management solutions company in Austria. This will help the company to increase its dominance in Austria.
Key players operating in the global HIV/AIDS drugs market are Gilead Sciences, Inc., GlaxoSmithKline plc, Merck & Co., Inc., Johnson & Johnson, Bristol-Myers Squibb Co., AbbVie Inc., Pfizer, Inc., Alexion Pharmaceuticals, and Shionogi.
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