PUBLISHER: Allied Market Research | PRODUCT CODE: 1472260
PUBLISHER: Allied Market Research | PRODUCT CODE: 1472260
The HIV injection market was valued at $1 billion in 2023 and is estimated to reach $5.5 billion by 2033, exhibiting a CAGR of 17.9% from 2024 to 2033. Human immunodeficiency virus (HIV) is a virus that attacks the immune system, specifically the CD4 cells (T cells), which help the immune system fight off infections. HIV is primarily transmitted through unprotected sexual intercourse, sharing of contaminated needles, and from an infected mother to her baby during childbirth or breastfeeding. Advances in antiretroviral therapy (ART) have significantly improved the prognosis for people living with HIV, helping to control the virus, prevent the progression to AIDS, and enhance overall quality of life. Regular testing, early detection, and access to medical care are crucial in managing and preventing the spread of HIV.
Public awareness, education, and ongoing research remain essential in the global effort to combat this infectious disease. HIV injections are designed to deliver antiretroviral drugs directly into the bloodstream, ensuring effective and consistent levels of the medication in the body. These injections can come in various forms, including intramuscular injections (administered into the muscle) or subcutaneous injections (administered just beneath the skin). The HIV injection market is driven by rise in the number of people suffering from HIV, development and introduction of novel antiretroviral drugs in injectable formulations, rise in demand for long acting and extended delivery HIV prevention and treatment regimens, rise in investment in R and D activities, and growing government initiatives and healthcare policies for HIV.
For instance, according to the Joint United Nations Program on HIV and AIDS (UNAIDS), 39 million people globally were living with HIV in 2022. Thus, rise in the number of HIV cases increases the demand for HIV injections and drives the growth of market. In addition, ongoing R and D efforts in the field of HIV treatment led to continuous advancements which is expected to drive the market growth. The introduction of novel antiretroviral drugs, particularly those in injectable formulations, provides healthcare providers and patients with more options for managing the virus, thereby driving market growth. For instance, GlaxoSmithKline plc company manufactured combination of cabotegravir and rilpivirine, a long-acting injectable antiretroviral drug for the treatment of HIV. This regimen, known as Cabenuva (Vocabria and Rekambys in Europe), involves the intramuscular injection of cabotegravir, an integrase inhibitor, and rilpivirine, a non-nucleoside reverse transcriptase inhibitor. This long-acting injectable regimen has been approved in several high-income countries and has shown promise in maintaining viral suppression.
Furthermore, the government initiatives and healthcare policies, aimed at expanding access to HIV treatment and improving healthcare infrastructure, play a pivotal role, which is expected to drive the market growth. For instance, Ending the HIV Epidemic (EHE) initiative, coordinated by the U.S. Department of Health and Human Services (HHS) aims to reduce the number of new HIV infections in the U.S. by 75% by 2025 and then by at least 90% by 2030. It focuses on leveraging scientific advances in HIV prevention, diagnosis, treatment, and outbreak response to address racial, ethnic, and geographic disparities.
However, the stringent regulatory process for approval and lack of education about HIV prevention in underdeveloped countries are factors responsible for impeding the growth of the HIV injection market. In contrast, rise in number of pipeline drugs for HIV and high growth potential in emerging countries provides lucrative opportunity to the market growth. For instance, in June 2021, ImmunityBio, Inc., a clinical-stage immunotherapy company, announced its HIV clinical pipeline with an HIV cure study using Anktiva (N-803), which is now enrolling participants in the U.S. The trial is expected to study whether Anktiva can control HIV alone or together with combination broadly neutralizing antibodies (bNABs) after participants stop their antiretroviral therapy (ART) and they are carefully monitored.
The HIV injection market is segmented on the basis of distribution channel and region. By distribution channel, the market is classified into hospital pharmacy, drug stores and retail pharmacy, and others. Region-wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major key players that operate in the global HIV injection market are GlaxoSmithKline plc, Johnson and Johnson, Gilead Sciences, Inc., ImmunityBio, Inc., F. Hoffmann-La Roche Ltd, Theratechnologies Inc., Viriom, Inc., Shionogi & Co., Ltd., AbbVie Inc., and Brii Biosciences. Key players operating in the market have adopted product approvals, partnership, expansion, agreement, and clinical trial as their key strategies to expand their product portfolio.
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