This has led the market to take hike. Government has been initiating awareness amongst the people to have themselves tested, funding, pharmaceuticals industries be innovating drugs that no longer be resistant to the infected person. Technological advancements have been in demand. These are the factors that can augment the growth of the next generation HIV therapies market.
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Government indulging themselves into spreading the word of awareness amongst the people has been the driving factor for the demand. Increase in the cases of HIV/ AIDS has again augmented the market growth.
The large patient pool has been demanding new long acting drugs with less frequency of consumptions have been driving the market. WHO reports increase in the HIV patient across different regions that leads to increase in the drug market.
The rise in aging population has been demanding the new methodologies in the treatment of HIV infection. In 2020, ViiV Healthcare announced US FDA approval for its Rukobia (fostemsavir), 600 mg extended-release tablets. Merck Sharp & Dohme Corp, in 2019 got approved by US FDA for DELSTRIGO and PIFELTRO combination drugs. NIH is also funding the research institutes for the drug developments.
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Furthermore, the constant collaboration amongst each other has been driving the demand market. For instance, in 2020, Theratechnologies Europe Limited, collaborated with Loxxess for distribution of TROGARZO, an ART in Europe region.
The increase in disease prevalence has been demanding the HIV therapies market. The demand is significantly because of the rise of government funding, technological innovations, and well established healthcare infrastructure.
Global Next-Generation HIV Therapies Market: Key Players
- ViiV Healthcare
- Gilead Sciences, Inc.
- GlaxoSmithKline plc
- Merck Sharp & Dohme Corp.
- Bristol-Myers Squibb Company
- Janssen Pharmaceuticals, Inc.
- Boehringer Ingelheim International GmbH
- AbbVie Inc.
- Genentech, Inc.
- Mylan N.V.
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Key Segments:
By Drug Type
- Integrase Inhibitors
- Non- Nucleoside Reverse Transcriptase Inhibitors (NRTIs)
- Combination HIV Medicines
- Others
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Others
By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa
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