Anti-retroviral drugs industry is projected to witness a CAGR of 4.2% during the period 2024-2032. This growth can be attributed to increasing investment in research and development.
Selbyville, Delaware, Sept. 25, 2024 (GLOBE NEWSWIRE) —
Anti-retroviral Drugs Market size will reach USD 42.5 billion by 2032. Growing awareness and early diagnosis of HIV will accelerate industry expansion over 2024–2032 by promoting timely treatment initiation and improving patient outcomes.
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Enhanced awareness campaigns lead to more individuals seeking testing and treatment, increasing demand for anti-retroviral medications. Also, increasing government initiatives and funding for HIV treatment programs support the development and distribution of effective therapies. These initiatives help subsidize costs, expand access to medications, and support comprehensive care programs.
Retail pharmacies to garner more attention
The anti-retroviral drugs market from retail pharmacy segment will amass notable gains by 2032 due to easy accessibility and convenience for patients seeking HIV treatment. Retail pharmacies serve as a primary point of care, especially in urban and suburban areas, where they provide anti-retroviral medications and counseling services. The growing number of retail pharmacy chains, along with their ability to offer generic and branded drugs, further strengthens their market share. Partnerships with manufacturers to distribute affordable treatments also support this segment’s progression.
Nucleoside reverse transcriptase inhibitors (NRTIs) to rise in popularity
The anti-retroviral drugs market from nucleoside reverse transcriptase inhibitors (NRTIs) segment will establish a remarkable foothold by 2032, fueled by its widespread use as a first-line treatment for HIV. NRTIs are effective in preventing the replication of the virus, making them a crucial component in combination therapies. Their safety profile, long-standing clinical use, and availability of generic versions also contribute to their dominance. Besides, ongoing research into improved formulations and fixed-dose combinations enhances the segment’s market share.
Europe to contribute significantly
Europe anti-retroviral drugs market will witness a substantial surge during 2023 and 2032, owing to a well-established healthcare infrastructure and increasing government initiatives to combat HIV/AIDS. The region’s focus on early diagnosis, advanced treatment options, and widespread access to anti-retroviral therapies strengthens its market position. High awareness among patients and healthcare professionals, along with ongoing research and development activities in HIV treatment. Also, strong collaborations with global organizations make Europe a vital market contributor.
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Anti-retroviral Drugs Market Players
Major players in the anti-retroviral drugs industry include AbbVie Inc., Bristol-Myers Squibb Company, F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc., Merck & Co., Inc., Viatris Inc., Boehringer Ingelheim International GmbH, Cipla, Gilead Sciences, Inc., Johnson & Johnson, and Pfizer Inc., among others.
Companies are expanding their share by focusing on strategic initiatives such as mergers, acquisitions, and partnerships to enhance their product portfolios and global reach. Investments in research and development (R&D) are driving the introduction of innovative therapies with improved efficacy and reduced side effects. Additionally, these companies are expanding access to affordable treatment through collaborations with governments and non-profit organizations, particularly in low-income regions. Expanding their manufacturing capacities and distribution networks further strengthens their market position.
Partial Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Data collection
1.4 Forecast parameters
1.5 Data validation
1.6 Data sources
1.6.1 Primary
1.6.2 Secondary
1.6.2.1 Paid sources
1.6.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360° synopsis
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Increasing investment in research and development
3.2.1.2 Growing burden of HIV
3.2.1.3 Increase in availability of novel drugs for treatment of HIV
3.2.2 Industry pitfalls & challenges
3.2.2.1 Side effects associated with the drugs
3.2.2.2 High cost of the treatment
3.3 Growth potential analysis
3.4 Regulatory landscape
3.5 Porter’s analysis
3.5.1 Supplier power
3.5.2 Buyer power
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.5.5 Industry rivalry
3.6 PESTEL analysis
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