Human Immunodeficiency Virus Type 1 (HIV 1) Market Opportunity, Competitive Analysis, Future Prospects to 2033
The global Human Immunodeficiency Virus Type 1 (HIV 1) Market is predicted to exceed a remarkable valuation of US$ 34.83 Billion in 2023, with a compound annual rate of growth (CAGR) of 6% estimated from 2023 to 2033. The Institute for Health Metrics and Evaluation attributes the industry's growth to the soaring incidence rate of HIV-1 infection, which, unlike the deaths caused from this viral illness, has not updated substantially over time.
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It affected approximately 37 million people worldwide. Furthermore,
antiretroviral therapeutic interventions for disease management are only
available to half of this population. HIV-1 is the more common of the two types
of human immunodeficiency virus, accounting for approximately 96% of all
infections globally. The prevalence of HIV is rising at an alarming rate. The
World Health Organization (WHO) estimates that 33.0 million individuals are
infected with HIV. This has heightened public awareness, which is directing to
an increase in testing procedures. This will cause an increase in demand for
HIV medicines with greater efficacy for treatment and care over the projected
period.
Because of the large percentage of HIV patients in highly populous
countries such as China and India, the Asia Pacific market is expected to
become the fastest-growing market with the highest CAGR over the coming years.
Furthermore, the massive amount of therapeutic interventions, as well as
monetary support from corporate companies and medical companies, are anticipated
to propel the industry forward.
Key Takeaways from Market Study
- North America
led the market in 2022, with a sales volume of US$ 21 Billion.
- According to a
study conducted by the Centers for Disease Control (CDC) in 2021, an
estimated 1.2 million people had HIV at the end of 2018.
- Based on the
World Health Organization (WHO), approximately 33.0 million people
were infected with HIV by 2021.
- Women and girls
comprised 54% of all HIV-positive people, according to the WHO.
- From 2018 to
2022, sales increased significantly at a CAGR of 1.6%.
Key Market Players
Key players in the Human Immunodeficiency Virus Type 1 (HIV 1)
market are AbbVie, Inc., Boehringer, Ingelheim GmbH. Bristol-Myers Squibb
Company, Cipla, Inc, Genentech, Inc, Gilead Sciences, Inc., Merck & Co.,
Inc., ViiV Healthcare, GlaxoSmithKline, Sanofi.
- In July 2021 -
Unitaid and the Clinton Health Access Initiative, Inc. (CHAI) announced a
pricing agreement with the medical company Hetero Labs LTD to make
darunavir plus ritonavir (DRV/r) available as a second-line treatment for
HIV patients in low and middle-income countries for US$ 210 per
patient/year.
- In March 2021,
Gilead Sciences Inc and Merck announced a collaboration agreement to
co-develop and co-commercialize long-term HIV treatment. The
investigational capsid inhibitor lenacapavir from Gilead and the
investigational nucleoside reverse transcriptase translocation inhibitor
islatravir from Merck will be paired to form a two-drug HIV regimen.
- On January 20,
2021 - HIV ViiV Healthcare evolved Cabenuva, an injectable drug approved
by the US Food and Drug Administration for the treatment of human
immunodeficiency virus type 1 (HIV) infections in adults.
Acquired Immune Deficiency Syndrome Virus (AIDS virus)
is a virus that attacks the immune system of humans, specifically the CD4+ T
cells, which play a crucial role in fighting off infections. HIV-1 belongs to
the family of retroviruses, which means that it has a unique replication cycle
that involves reverse transcription of its RNA genome into DNA and integration
into the host cell's genome.
Key Segments Profiled in the Human Immunodeficiency Virus Type 1 (HIV 1)
Market Industry Survey
Human Immunodeficiency Virus Type 1 (HIV 1) Market by Drug Class:
- Nucleoside-Analog
Reverse Transcriptase Inhibitor
- Non-Nucleoside
Reverse Transcriptase Inhibitor
- Entry and
Fusion Inhibitors
- Protease
Inhibitors
- Integrase
Inhibitors
- Coreceptor
Antagonists
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