Tuesday 15 November 2022, Amsterdam
Growth in prevalence of HIV and HBV
The major driver that propels the market for HIV and HBV therapies is the increase in the prevalence of infectious diseases worldwide. An estimated 37.7 million people are living with HIV and around 680,000 people died from HIV-related causes in 2020. There is no cure for HIV virus infection. However, with the increasing availability of effective HIV prevention, diagnosis, and treatment, the amount of care accessible to people and the management of such chronic health conditions has enabling to live healthy lives for HIV-infected. An increase in incidences of HIV and HBV helps the high demand for therapies and creates business opportunities for pharma manufacturers.
Growing government support
Increasing government support in the form of funding is expected to drive growth for this market. The U.S. government investment such as CDC Domestic HIV Prevention program funding of US$928 million in FY2020 was increased to US$986 million in FY2022; NIH – AIDS research funding was US$3,076 million that increased to US$3,194 million in FY2022 will drive the R&D activities and resulting new approvals and launches.
Demand from Emerging countries
Increasing development of the emerging countries with respect to supply routes and infrastructure for pharmaceutical drugs will help in strengthening the global HIV and HBV therapies market. The sheer population of emerging economies such as China and India coupled with growing infectious diseases cases will drive strong demand for HIV and HBV therapies within these countries. Furthermore, the rising purchasing power of these developing economies will increase the demand for advanced healthcare and a standard of living which will further contribute to the expansion of the market.
The major players operating in the HIV and HBV Therapies market are Pfizer, Merck, GSK, AbbVie, Boehringer Ingelheim, Gilead Sciences, Janssen Pharmaceutical, Teva, BMS, and Arbustus Biopharma. These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch.
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