Anti-retroviral Drugs Market
Get a free sample of this report
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Request Sectional Data
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Anti-Retroviral Drugs Market size was valued at USD 29.1 billion in 2023 and is anticipated to register of over 4.2% CAGR from 2024 to 2032. This growth trajectory is propelled by several factors, including increased investment in research and development, the emergence of multiple generic drug alternatives, and the advent of novel drugs boasting enhanced efficacy.
Furthermore, the mounting prevalence of HIV and the broader availability of combination anti-retroviral therapy (cART) are substantial drivers of market expansion. For instance, in July 2022, the World Health Organization (WHO) reported that around 38.4 million individuals were living with HIV globally in 2021. This uptrend in HIV cases is expected to bolster the demand for both anti-retroviral and anti-viral drugs, highlighting the crucial need for effective treatments to address the growing prevalence of the virus.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
Anti-retroviral Drugs Market size in 2023: | USD 29.1 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2023 - 2032 CAGR: | 4.2 |
2023 Value Projection: | USD 42.5 Billion |
Historical Data for: | 2018 – 2023 |
No of Pages: | 160 |
Tables, Charts & Figures: | 257 |
Segments Covered: | Product, Type, Age Group, Distribution Channel, and Region |
Growth Drivers: |
|
Pitfalls Challenges: |
|
Antiretroviral drugs (ARVs) are medications used to treat infections caused by retroviruses, particularly the human immunodeficiency virus (HIV). These drugs work by targeting different stages of the HIV replication cycle, helping to suppress viral replication, reduce the viral load in the body, and slow down the progression of HIV infection to acquired immunodeficiency syndrome (AIDS).
Based on the product, the market is classified into protease inhibitors, integrase inhibitors, multi-class combination products, nucleoside reverse transcriptase inhibitors (NRTIs), non-nucleoside reverse transcriptase inhibitors (NNRTIs), and other drug classes. The multi-class combination products dominated the market with revenue of USD 7.9 billion in 2023.
Based on type, the anti-retroviral drugs market is classified into branded and generic. The branded segment held the highest business share of 67.2% in 2023.
Based on age group, the anti-retroviral drugs market is classified into adult, pediatric, and geriatric. The adult segment is expected to hold the highest revenue throughout the forecast period.
Based on distribution channel, the anti-retroviral drugs market is classified into hospital pharmacy, retail pharmacy, online pharmacy. The hospital pharmacy segment held the highest business share of 43.1% in 2023.
In 2023, North America secured a substantial market share in the global anti-retroviral drugs market and is expected to dominate throughout the forecast period.
The competitive landscape of the market is characterized by the presence of established pharmaceutical companies vying for market share. Key players are engaging in strategic initiatives such as mergers, acquisitions, and partnerships to strengthen their product portfolios. The companies are actively adopting a multi-pronged approaches to address the rising demand for effective anti-retroviral drugs.
Prominent players operating in the anti-retroviral drugs industry are as mentioned below:
Market, By Product
Market, By Type
Market, By Age Group
Market, By Distribution Channel
The above information is provided for the following regions and countries:
AbbVie Inc., Bristol-Myers Squibb Company, Cipla, F. Hoffmann-La Roche Ltd., Gilead Sciences, Inc., GlaxoSmithKline plc., Johnson and Johnson, Merck & Co, Inc., Pfizer Inc., and Viatris Inc., are some of the major anti-retroviral drugs companies worldwide.
The multi-class combination segment reached USD 7.9 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to the growing burden of HIV and new drug approvals.
Anti-retroviral drugs market from the branded segment held 67.2% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to ongoing advancements and innovation in the development, distribution, and utilization of branded antiretroviral drugs.
Anti-retroviral drugs market size was USD 29.1 billion in 2023 and is expected to register 4.2% CAGR from 2024-2032 owing to the increased investment in research and development, and the emergence of multiple generic drug alternatives worldwide.