San Francisco, California, November 08, 2017: A recent market research report by TMR Research covers the global market for HIV therapeutics. The report, titled “Human Immunodeficiency Virus Therapeutics Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” presents insights into the factors that have the potential of impacting the market, negatively or positively, on a notable level. In addition, valuable inputs and recommendations by industry experts to guide the market players in devising effective growth policies are also included in the report.
The report states the global market for HIV therapeutics is driven by factors such as the rising prevalence of the condition, especially among the young population across the globe, increased attempts by governments aimed at containing the numbers of HIV infected people, and the positive R&D scenario with a constant rise in new patent trials that are conducted every year. Thus the global HIV therapeutics market remains attractive and presents vast scope for any novel drug varieties that can cure the disease. Areas such as pharmacogenomics and pharmacogenetics are witnessing increased attention from companies operating in the HIV therapeutics market. Moreover, a number of new drugs are constantly being developed and clinically tested across the globe. With the easy availability of these new drug varieties, the market for HIV therapeutics is expected to gather pace.
From a geographical standpoint, the manufacturers of HIV drugs in Asia Pacific are facing a tough competitive scenario, coupled with the unique patent laws in several APAC countries, which make it difficult for several branded and effective varieties of HIV therapeutics from reaching the patents. The prices of HIV therapeutics are expected to reduce in the APAC market with the increased participation of several manufacturers in the next few years.
The prevalence of HIV has escalated in Russia, several Caribbean countries, and Latin America. Therefore, the demand for HIV therapeutics in these regions is expected to expand at an encouraging pace in the next few years. The market in Sub-Saharan Africa, which has nearly 70% of the total HIV patient population of the world, is also a key regional market and has a vast pool of unmet demands.
In terms of revenue generation, markets in North America and Europe lead owing to the presence of some of the leading manufacturers of HIV therapeutics across the globe. Other factors such as affordability of novel and costly varieties of HIV drugs, encouraging health insurance policies, and easy availability of novel therapeutics will also continue to bolster these regional markets in the next few years.
The report also presents an in-depth analytical overview of the competitive landscape of the global HIV therapeutics market and profiles some of the leading companies operating in the market. The report emphasizes on company profiles, contact information, inception details, financial overview, business policies and strategies, and recent developments, such as any major mergers and acquisitions. Some of the leading players operating in the global in the global HIV therapeutics market are Boehringer Ingelheim GmbH, Bristol-Myers Squibb Company, ViiV Healthcare, F. Hoffmann-La Roche AG, Cipla Limited, Boehringer Ingelheim, AbbVie, Inc., Merck & Co., and Bristol-Myers Squibb Company.
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