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New report: Europe's HIV therapeutics market forecast to 2023

Medical Market Research

Europe HIV Therapeutics Market was worth USD 3.41 billion in 2016 and estimated to be growing at a CAGR of 1.3%, to reach $3.64 billion by 2021.

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The human immunodeficiency virus (HIV) 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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Here are some of the symptoms of HIV disease are weakness, slight fever, swollen glands, cerebral pains and muscle hurts.

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.

Be that as it may, 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 Europe market is analyzed under various regions namely U.K, Spain, Germany, Italy and France. 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.

Some of the major Companies dominating the market, by their products and services include AbbVie, Inc., Bristol-Myers Squibb Company, Merck and Co., Inc., and Boehringer Ingelheim GmbH.

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