Global HIV Therapeutics Market was worth USD 13.2 billion in 2016 and estimated to be growing at a CAGR of 1.4%, to reach USD 14.2 billion by 2021.
The human immunodeficiency Virus (HIV) infection refers to a kind of retrovirus that causes (AIDS). HIV affects some immune cells and it weakens immune system bringing about loss of capacity to fight against the organisms that causes diseases.
HIV spreads through exchange of fluids with some infected individual, for example, blood exchange or imparting needles to somebody who is HIV infected. Additionally, HIV can spread from infected mother to child during pregnancy.
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Increasing number of HIV affected cases, innovative advancement in HIV diagnosis and therapeutics, ascend in research exercises for developing HIV immunizations and not aware about the methods of transmission of the infection are driving the worldwide market for HIV therapeutics. Moreover, increase awareness about the accessibility of HIV therapeutics in the market and cost effective sedate treatments for HIV are driving the worldwide HIV therapeutics market.
However, different variables, for example, disappointment of treatment sometimes, absence of gifted experts and presentation of non-specific medications in the market are major restraints the HIV therapeutics market.
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The HIV Therapeutics Market is broadly categorized into Type (Nucleoside/tide reverse transcriptase inhibitors or nucleoside/tide analogues, Non-nucleoside reverse transcriptase inhibitors, Protease inhibitors, Integrase [strand transfer] inhibitors, CCR5 inhibitors, Fusion inhibitors). And on the basis of Application (HIV Type-1&2).
On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific, Middle east and Africa, Latin America. North America, trailed by Europe, has the highest market share for HIV therapeutics because of affordability and availability of costly treatment for HIV infections and developments in medication treatments in this region.
Asia is expected to show high development rate in the HIV therapeutics market in next couple of years because of increasing number of HIV affected people and expanding research exercises for creating HIV medications and immunizations in the region.
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Some of the major companies dominating the market, by their products and services include GlaxoSmithKline, Bristol-Myers Squibb, Pfizer and Boehringer Ingelheim. Other organizations having huge presence in HIV therapeutics market are Merck, Hoffmann-La Roche and Gilead Sciences.
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