HIV Drugs Market Size to Cross $36.49 Billion, Globally, by 2027 at 3.8% CAGR
Pune, Maharashtra, India, December 17 2020 (Wiredrelease) Allied Analytics –:The global HIV drugs industry was pegged at $30.89 billion in 2019, and is projected to reach $36.49 billion by 2027, growing at a CAGR of 3.8% from 2020 to 2027.
Rise in number of HIV-infected patients across the globe, various initiatives taken by different government associations to raise awareness have boosted the growth of the global HIV drugs market. Moreover, advent of generic drugs that are cost effective and chemically identical to branded drugs supplemented the market growth. However, strict regulatory requirements for the approval and commercialization of HIV drugs hamper the market. On the contrary, rise in number of products in the pipeline is expected to create lucrative opportunities for the market players in the future.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/1867
• Shutdown of land & air transport services, failure of suppliers to deliver ARVs on time, and limited access to health services within countries due to pandemic hampered the demand for HIV drugs.
• Moreover, rescheduling of HIV treatment procedures has resulted in a backlog of patients in the future.
• However, some governments have allowed reopening private clinics that treat HIV, given that they comply with the social distancing regulations.
The multi-class combination drugs segment to manifest the highest CAGR through 2027
By medication class, the multi-class combination drugs segment is expected to register the highest CAGR of 4.2% during the forecast period. Moreover, the segment held the largest share in 2019, accounting for nearly half of the global HIV drugs market, owing to increase in adoption of drugs from this medication class because of better results in the control of HIV & related coinfections and their ease in consumption & adherence. The report includes analysis of the other segments such as nucleoside reverse transcriptase inhibitors (NRTIS), non-nucleoside reverse transcriptase inhibitors (NNRTI), protease inhibitors (PIs), HIV integrase strand transfer inhibitors, and entry inhibitors – CCR5 co-receptor antagonist.
North America held the lion’s share
By region, the market across North America held the largest share in 2019, contributing to nearly half of the market, owing to increase in the number of HIV-infected individuals, advancement in HIV treatment, and rise in government funding for R&D for drug manufacturing. However, the global HIV drugs market across Asia-Pacific is estimated to register the highest CAGR of 4.4% during the forecast period, due to expansion of healthcare budgets and increase in disposable income.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/1867
Major market players
• Boehringer Ingelheim International GmbH
• Pfizer Inc.
• Merck & Co., Inc.
• GalaxoSmithKline plc.
• Gilead Sciences, Inc.
• F. Hoffmann-La Roche Ltd.
• Johnson & Johnson
• Teva Pharmaceutical Industries Ltd.
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
HIV Diagnosis Market – Global Opportunity Analysis and Industry Forecast, 2020-2027
Antimalarial Drugs Market – Global Opportunity Analysis and Industry Forecast, 2020-2027
Enzyme Inhibitors Market – Global Opportunity Analysis and Industry Forecast, 2020-2027
Antidepressant Drugs Market – Global Opportunity Analysis and Industry Forecast, 2020-2027
Dermatologicals Market – Global Opportunity Analysis and Industry Forecast, 2020-2027
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
This content has been published by Allied Analytics company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at email@example.com.