HIV Drugs Global Market Report 2024

HIV drugs, also known as antiretroviral drugs, are commonly employed for the treatment of HIV. These medications play a crucial role in inhibiting the human immunodeficiency virus (HIV) or other retroviruses within the body, preventing their proliferation. Without treatment, HIV can lead to acquired immunodeficiency syndrome (AIDS), and while there is currently no highly effective cure, these drugs are essential in managing the condition.

The primary categories of HIV drugs include nucleoside reverse transcriptase inhibitors (NRTIs), non-nucleoside reverse transcriptase inhibitors (NNRTIs), protease inhibitors, integrase inhibitors, fusion inhibitors, chemokine receptor inhibitors, and other variations. Nucleoside reverse transcriptase inhibitors (NRTIs) are structural nucleoside analogs of DNA nucleotides designed to hinder HIV-1 RT and impede viral replication by preventing the reverse transcription of the HIV genome. These drugs are typically administered through oral and parenteral methods and are made available through various channels, including hospital pharmacies, retail pharmacies, online pharmacies, and others.

The HIV drugs market research report is one of a series of new reports from The Business Research Company that provides HIV drugs market statistics, including HIV drugs industry global market size, regional shares, competitors with an HIV drugs market share, detailed HIV drugs market segments, market trends and opportunities, and any further data you may need to thrive in the HIV drugs industry. This HIV drugs market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The hiv drugs market size has grown steadily in recent years. It will grow from $33.82 billion in 2023 to $35.33 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth observed in the historical period can be ascribed to heightened government support and initiatives, an upswing in healthcare expenditure, an increase in spending on HIV research and development, a rise in the incidence of HIV infections, heightened awareness, and economic growth in emerging markets.

The hiv drugs market size is expected to see steady growth in the next few years. It will grow to $41.2 billion in 2028 at a compound annual growth rate (CAGR) of 3.9%. The anticipated growth in the forecast period can be credited to heightened government support and initiatives, an upswing in healthcare expenditure, increased spending on HIV research and development, a rise in the incidence of HIV infections, heightened awareness, and economic growth in emerging markets. Major trends expected in the forecast period include the investment in 3D bioprinting technology, innovations in new product development, the creation of multi-class combination products for HIV treatment, and the pursuit of strategic collaborations and agreements.

The global HIV drug market has experienced growth, fueled by the novel COVID-19 outbreak. HIV drugs are being repurposed to combat COVID-19 infections, with antiretroviral drugs such as lopinavir boosted with ritonavir (LPV/r) being evaluated and used in several countries for treating COVID-19 infections.

The increased awareness among people regarding the diagnosis and treatment of HIV disease plays a crucial role in propelling the growth of the HIV drug market. HIV/AIDS, being one of the most chronic diseases, has garnered significant awareness worldwide due to its high prevalence. For example, in May 2023, a report from the Minnesota Department of Health, a US-based state health agency, indicated an 8% increase in reported instances of newly diagnosed HIV infections, totaling 298 cases in 2021. Various federal government agencies and global associations have introduced numerous initiatives and education campaigns to raise community awareness about HIV prevention, treatment, and care.

The anticipated increase in government spending is poised to drive the growth of the HIV drugs market in the future. Government spending, also referred to as public spending or government expenditure, encompasses the total funds allocated by a government to finance its various functions, programs, and services. Elevated government funding contributes to diverse aspects of the HIV drug market, spanning research and development, enhancing access and awareness, and mitigating the societal and economic impact of the disease. Such investments play a pivotal role in fostering the market's expansion and overall efficacy in combating the HIV or AIDS pandemic. As an illustration, in March 2023, the US government's Budget of the U.S. Government report revealed that Joe Biden's Fiscal Year (FY) 2024 budget proposal allocated $850 million in funding for the CDC, HRSA, IHS, and NIH to support and expand the implementation of the Ending the HIV Epidemic in the U.S. initiative. This marked a substantial increase of $277 million (48%) compared to the funding level enacted in FY23. Hence, increased government spending is a driving force behind the growth of the HIV drug market.

The antiretroviral drugs market is increasingly adopting multi-class combination products for antiretroviral therapy. Multi-class combination drugs consolidate multiple medications into a single drug form. Examples of such drugs or single-tablet regimens (STRs) encompass both NRTIs and NNRTIs, such as doravirine, lamivudine, and tenofovir disoproxil fumarate (Delstrigo). The segmentation of drugs based on drug class includes Integrase Inhibitors, Protease Inhibitors, Multi-class Combination Products, Nucleoside Reverse Transcriptase Inhibitors (NRTIs), Non-Nucleoside Reverse Transcriptase Inhibitors (NNRTIs), and Others. The rise in the burden of HIV and new drug approvals propels the use of multi-class combination products. According to WHO, in 2021, 1.5 million [1.1-2.0 million] people contracted HIV, and 650,000 [510,000-860,000] people died from HIV-related causes. Many companies are prioritizing the development of innovative products for the treatment of HIV through antiretroviral drugs to maintain their competitive edge and expand into new regional markets.

Major companies in the HIV drugs market are innovating by introducing new products, such as drugs for multi-drug resistant HIV, aiming to cater to larger customer bases, increase sales, and boost revenue. Drugs for multi-drug resistant HIV (MDR-HIV) are designed specifically to treat HIV infections in individuals who have developed resistance to multiple classes of antiretroviral drugs. As an example, in December 2022, Gilead Sciences Inc., a US-based pharmaceutical company, announced FDA approval for Sunlenca (lenacapavir). This medication, with a multi-stage mode of action, distinguishes itself from recently approved antiviral agent classes. It has no known in vitro cross-resistance to other existing medication classes. Sunlenca provides a new, twice-yearly therapy option for adults with HIV not adequately controlled by their current medication regimen. Lenacapavir serves as the foundation for Gilead's upcoming HIV treatments, offering a range of long-acting options to accommodate individual needs and preferences, potentially maximizing outcomes and reducing the burden of care.

Major companies operating in the hiv drugs market report are Gilead Sciences Inc., GlaxoSmithKline plc., Johnson & Johnson, Merck & Co. Inc., Boehringer Ingelheim International GmbH, Cipla, Aurobindo Pharma, AbbVie, Mylan N.V., Emcure Pharmaceuticals, Micro Labs Limited, Northeast Pharmaceutical Group Co. Ltd., Dr. Reddy's Laboratories Ltd., Sun Pharmaceutical Industries Ltd., Strides Arcolab Limited, Hetero Labs Limited, Shanghai Desano Bio-pharmaceutical Co., Anhui Biochem Biopharmaceutical Co. Ltd., China's National Health Commission (NHC), Shanghai Xinxing Medicine Co. Ltd., China Meheco Xinxing Pharma Co. Ltd., CytoDyn Inc., Janssen Pharmaceutical, Bavarian Nordic, Roche Laboratories, Pharmstandard, Pharmasyntez, R-Pharm, Alium, ChemRar Group, Gritstone Oncology, Enzolytics Inc., BioClonetics Immunotherapeutics Inc., Dewpoint Therapeutics, Lyndra Therapeutics, Mylan N.V., Bristol-Myers Squibb Company, F. Hoffmann-La Roche AG, Teva Canada, ViiV Healthcare Canada, Alfa Rio Quimica Ltda., Globe Quimica S/A, Nortec Quimica S.A., AstraZeneca, Zion Medical, GSK, Abbott Laboratories, Aspen Pharmacare Limited, Pharmacare Ltd.

North America was the largest region in the HIV drugs market share in 2023. Middle East is expected to be the largest growing region in the global HIV drug market during the forecast period. The regions covered in the hiv drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the hiv drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain

The HIV drug market consists of sales of Tivicay, Triumeq, Truvada, and Vemlidy. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

HIV Drugs Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on hiv drugs market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for hiv drugs? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hiv drugs market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Nucleoside Reverse Transcriptase Inhibitors (NRT's); Non- Nucleoside Reverse Transcriptase Inhibitors (NNRT's); Protease Inhibitors; Integrase strand transfer inhibitors (INSTIs); Other Types
• 2) By Administration: Oral; Parenteral
• 3) By Application: Hospital Pharmacies; Retail Pharmacies; Other Applications
• Companies Mentioned: Gilead Sciences Inc.; GlaxoSmithKline plc.; Johnson & Johnson; Merck & Co. Inc.; Boehringer Ingelheim International GmbH
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.