Market Trends of Prophylactic HIV Drugs Industry
The Oral Drug Forms Segment is Expected to Hold a Significant Share During the Forecast Period
The oral drug segment is expected to dominate the global prophylactic HIV drug market over the forecast period. This can be attributed to new product development, the presence of a strong pipeline, and rising product approvals. The oral route also has several pharmacokinetic advantages, such as a higher rate of bioavailability, rapid drug delivery, and high efficacy. All these advantages are expected to propel segment growth.
The oral route is the most patient-compliant and, therefore, is the most widely adopted by patients. The development of promising new drugs and potential clinical pipeline candidates are some of the major factors that are expected to drive segment growth. For instance, according to a study presented at the 2024 Conference on Retroviruses and Opportunistic Infections (CROI) in Denver, daily oral pre-exposure prophylaxis (PrEP) with tenofovir disoproxil fumarate and emtricitabine were found to be safe for HIV prevention among women. Hence, the new studies help increase the applications of drugs for the prevention of HIV and are likely to propel the segment growth over the forecast period.
The market's future growth is anticipated to be fueled by the approval and launch of various potential drug candidates. For instance, in September 2023, GSK PLC and ViiV Healthcare, with Pfizer and Shionogi as shareholders, received approval from the European Commission for Apretude (cabotegravir long-acting (LA) injectable and tablets) for HIV prevention. Thus, new research studies and approval of oral drugs are expected to boost segment growth over the forecast period.
North America is Expected to Hold a Significant Market Share During the Forecast Period
North America is one of the most vital regions and a significant revenue contributor to the global HIV prophylactic drug market. Heightened patient awareness of disease-remitting therapies, a technologically advanced healthcare framework, and supportive reimbursement policies stimulate the region's growth.
For instance, as per the data published by the Centers for Disease Control and Prevention in May 2024, 38,000 people received an HIV diagnosis in the United States in 2022, which was an increase of 5% compared to 2021 due to post-pandemic effects on the public health system. Similarly, according to the 2022 surveillance highlights, over 1,833 new HIV cases were reported in Canada, 4.7 per 100,000 population in 2022. Thus, the growing prevalence of HIV, along with the high burden of new HIV cases in the region, is expected to propel the growth of the market over the forecast period.
In addition, increasing government funding and programs for HIV prevention and treatment are expected to boost the market growth over the forecast period. For instance, for the fiscal year 2023, the US government's spending on the domestic fight against HIV increased to more than USD 28 billion annually. This sum includes discretionary and required spending for Medicare, Medicaid, Social Security payouts, and other expenditures needed.
Furthermore, the region's new product approvals and launches are expected to boost market growth. For instance, in May 2024, ViiV Healthcare received approval from Health Canada for APRETUDE (cabotegravir tablets and extended-release injectable suspension) for pre-exposure prophylaxis (PrEP) to reduce the risk of sexually acquired HIV-1 infection in at-risk individuals who are HIV-1 negative. Hence, these approvals increase the availability of prophylactic HIV drugs in the region, propelling the market growth.
Hence, due to the high burden of HIV infections, increasing government funding, and new product approvals, the market is expected to witness growth in North America.
