Wilmington, New Castle, Delaware, March 06, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “HIV Injection Market by Distribution Channel (Hospital Pharmacy, Drug Stores and Retail Pharmacies, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the global HIV injection industry generated $1.0 billion in 2023, and is anticipated to generate $5.5 billion by 2033, witnessing a CAGR of 17.9% from 2024 to 2033.
Prime Determinants of Growth
Surge in the number of people receiving HIV therapy, growing awareness and initiatives taken by government for HIV, and rise in the number of product approvals for HIV are factors that drive the growth of the global HIV injection market. However, stringent regulatory processes for the approval of HIV injection therapies are expected to restrict the market growth. Moreover, high growth potential in emerging markets and rise in the number of pipeline products present new opportunities for market growth in the coming years.
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Report Coverage and Details:
| Report Coverage | Details |
| Forecast Period | 2024–2033 |
| Base Year | 2023 |
| Market Size In 2022 | $1.0 Billion |
| Market Size In 2032 | $5.5 Billion |
| CAGR | 17.9% |
| No. Of Pages In Report | 197 |
| Segments Covered | Distribution Channel And Region |
| Drivers | Rise In Number Of People Receiving HIV Therapy |
| Opportunities | Growing Awareness And Initiatives Taken By Government For HIV |
| Rise In Number Of Product Approvals | |
| High Growth Potential In Emerging Markets | |
| Rise In Number Of Pipeline Products | |
| Restraint | Stringent Regulatory Product Approvals |
Recession Impact
- During a recession, individuals and governments might tighten their budgets, leading to reduced healthcare spending. This could affect patients’ ability to access and afford HIV injections, potentially leading to decreased demand for HIV injections.
- However, rise in prevalence of HIV infections contributes to sustained demand for therapeutic drugs, in the face of a recession. This could boost the need for HIV injection that is experiencing a moderately positive impact from the global recession.
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The others segment to maintain its lead position during the forecast period
By distribution channel, the others segment accounted for the largest share in 2023, contributing to around three-fourths of the global HIV injection market revenue, and is projected to maintain its lead position during the forecast period. The others segment is expected to register the highest CAGR of 18.0% during the forecast period, owing to the availability of HIV injections through specialty pharmacies, online providers and its ability to offer convenience, accessibility, technological integration, cost-effectiveness, and adaptability to changing healthcare dynamics.
North America to maintain its dominance by 2033
Region-wise, North America held the largest market share in terms of revenue in 2023, accounting for more than four-fifths of the global HIV injection market revenue and is expected to dominate the market during the forecast period. This is attributed to its well-developed healthcare infrastructure, easy availability of HIV injection, governmental initiatives and regulatory support for HIV have led to an increased demand for HIV injection. However, the Asia-Pacific region is expected to witness the fastest CAGR of 21.6% from 2024 to 2033, owing to growing awareness of HIV, surge in incidences of HIV, and rise in healthcare expenditures.
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Leading Market Players
- GlaxoSmithKline plc
- Johnson and Johnson
- Gilead Sciences, Inc.
- ImmunityBio, Inc.
- F. Hoffmann-La Roche Ltd.
- Theratechnologies Inc.
- Viriom, Inc.
- AbbVie Inc.
- Brii Biosciences
- Shionogi and Co., Ltd.
The report provides a detailed analysis of these key players in the global HIV injection market. These players have adopted strategies such as agreement, clinical trials, partnership, and product approval to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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