Antiretroviral therapy market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market is growing at a healthy CAGR in the above-mentioned research forecast period. Rising prevalence of HIV infection worldwide and emerging markets are the factors responsible for the growth of this market.
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Growing cases of sexually transmitted diseases drive the antiretroviral therapy market. Due to increased sexually transmitted diseases, use of infected syringes & blood products and family history with the HIV infection also boost up the antiretroviral therapy market growth. Moreover, the easy availability of diagnosis tests treatments and patient’s awareness regarding diseases and treatment will boost up the global antiretroviral therapy market. However, stringent FDA guidelines for approval and commercialization of new drugs are expected to hamper the global antiretroviral therapy market.
Antiretroviral drugs are the medical agents used to treat human immunodeficiency virus infection. These agents do not kill or cure the virus; however, they can prevent the growth of the virus. HIV is a type of virus called retrovirus and a combination of drugs used to treat the infection called antiretroviral therapy.
The antiretroviral therapy market is segmented on the basis of class, route of administration, end-users and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
North America dominates the market share due to the presence of key manufacture of the product, high research and development and healthcare expenditure and skilled professionals. Europe is anticipated to be second largest market for antiretroviral therapy due to increased incidence of HIV infection. Asia-Pacific is expected to account for the largest market share over coming years for the antiretroviral therapy market due to increased awareness and number of generic drugs.
The major players covered in the antiretroviral therapy market are Teva Pharmaceutical Industries Ltd., Lupin, ViiV Healthcare, Bristol-Myers Squibb Company, Mylan N.V., Sun Pharmaceutical Industries Ltd., Abbvie Inc., Boehringer Ingelheim International GmbH, Novartis AG, Allergan, Merck & Co., Inc., Sanofi, and Gilead Sciences Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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