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.
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.
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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.
Acquired Immunodeficiency Syndrome (AIDS) is a retrovirus that attacks the immune system, leading to acquired immunodeficiency syndrome (AIDS). HIV-1 primarily infects CD4+ T cells, which are important in helping the immune system fight off infections. When HIV-1 infects these cells, it replicates inside them and ultimately leads to their destruction.
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%.
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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.
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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
Have a Look at Related Research Reports in the Healthcare Domain:
- https://bpa-mastery.mn.co/posts/33697641
- https://marketresearch89.wordpress.com/2023/03/15/human-immunodeficiency-virus-type-1-hiv-1-market-opportunity-competitive-analysis-future-prospects-to-2033/
- https://gezelligkletsen.nl/read-blog/34260
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