Research Nester published a report titled “HIV Drug/Medicine Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global HIV drug/medicine marketin terms of market segmentation by medication class, distribution channel, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The global HIV drug/medicine market is estimated to garner a notable CAGR over the forecast period, i.e., 2022-2031. The market is segmented by distribution channel into hospital pharmacies, retail pharmacies, online pharmacies, and others. Out of which the hospital pharmacies sub-segment is expected to grow significantly owing to the larger number of HIV patients getting admitted into hospitals.
The global HIV drug/medicine market is expected to grow during the forecast period on the back of rising initiatives taken by governments. Also, the rising number of HIV cases is estimated to foster the global HIV drug/medicine market growth. Furthermore, rising awareness regarding the prevention and treatment of the disease is also expected to boost the global HIV drug/medicine market growth during the forecast period.
Regionally, the global HIV drug/medicine market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America region is estimated to witnesssignificantgrowth over the forecast periodowing to the presence of a well-established healthcare infrastructure. The Asia Pacific region is also estimated to witness significant growth over the forecast period on account of the good initiatives taken by the government and growing number of HIV patients.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
Rising Cases of AIDS across the Globe to Boost the Market Growth
The data released by World Health Organization states that in 2020, 1.5 million people acquired HIV, and 680,000 people died from HIV-related causes.
The rising prevalence of AIDS along with government initiatives are expected to boost the global HIV drug/medicine market during the forecast period. On the back of the increasing number of HIV patients, the global HIV drug/medicine market is expected to grow during the forecast period.
However, lacking awareness regarding AIDS treatment isexpected to operate as a key restraint to the growth of the global HIV drug/medicine marketover the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global HIV drug/medicine marketwhich includes company profiling ofMerck & Co., Inc.,Boehringer Ingelheim International GmbH, Gilead Sciences, Inc., GlaxoSmithKline plc., F. Hoffmann-La Roche Ltd,Cipla Inc., Teva Pharmaceuticals Industries Ltd., Janssen Global Services, LLC,Mylan N.V., and AbbVie Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global HIV drug/medicine marketthat will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.