Kuwait HIV Therapeutics Market Analysis

Kuwait HIV Therapeutics Market Analysis


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The Kuwait HIV therapeutics market is expected to reach $xx Mn by 2030, up from $55.04 Mn in 2022, with a CAGR of xx % from 2022 to 2030. Players such as Merck & Co, Bristol Myers Squibb, and ViiV Healthcare dominate the HIV therapeutics market in Kuwait. Government policies, funding, and initiatives like privatization to manage HIV infections in the country propel market growth. The HIV therapeutics market in Kuwait is divided into four segments: type, product, geography, end user, and distribution channel.

ID: IN10KWPH037 CATEGORY: Pharmaceuticals GEOGRAPHY: Kuwait AUTHOR: Dr. Vishwa Modhia

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Kuwait HIV Therapeutics Market Analysis Summary

The Kuwait HIV therapeutics market is expected to reach $xx Mn by 2030, up from $55.04 Mn in 2022, with a CAGR of xx % from 2022 to 2030.

Kuwait is a country in the Middle East on the Arabian Peninsula's northeast coast. According to the most recent WHO data, HIV/AIDS deaths in Kuwait reached 7, or 0.09 % deaths in 2020. Kuwait ranks 156th in the world with an age-adjusted death rate of 0.11 per 100,000 population. Kuwait's national HIV/AIDS prevention and response strategy, which the Health Ministry has been eager to update in line with global counterparts, has yielded promising results.

The health ministry has formed a high-level, multidisciplinary national committee for HIV/AIDS prevention and response, comprised of leading healthcare professionals and experts, tasked with developing and updating awareness, action plans, and technical information. In 2020, Kuwait will spend 6.3 % of its GDP on healthcare.

kuwait HIV therapeutics market analysis

Market Dynamics

Market Growth Drivers

Currently, the Ministry of Health in Kuwait owns, operates, regulates, and finances the vast majority of healthcare services provided, pharmaceuticals purchased, and medical equipment purchased in the country. There are 28 general and specialized hospitals run by the government. The private sector is expected to expand moderately in the coming years, with private firms accounting for 15-20% of healthcare spending. These factors may entice new entrants into the HIV therapeutics market in Kuwait.

Market Restraint

Kuwait was one of the first countries to develop a special law for HIV/AIDS prevention and response, which contributes to the World Health Organization's classification of the country as having a low prevalence. Because the disease burden is much lower in Kuwait, there is much less business in HIV therapeutics. These factors may deter new entrants into the HIV therapeutics market in Kuwait.

Competitive Landscape

Key Players

  • ViiV Healthcare
  • Bristol Myers Squibb
  • Merck & Co.
  • Gilead Sciences
  • AbbVie
  • Roche

Healthcare Regulations and Reimbursement Policies

The Kuwait Drug and Food Control Administration is the regulatory body in Kuwait responsible for the approval and oversight of medicines, including HIV therapeutics (KDFCA). The KDFCA is in charge of evaluating and approving applications for marketing authorization for medicines, as well as monitoring and enforcing regulatory compliance. The KDFCA is responsible for implementing national regulations and guidelines for medicines in Kuwait and reports to the Ministry of Health. In addition to the KDFCA, the Ministry of Health has established HIV treatment and prevention guidelines and regulations.

The government of Kuwait provides free HIV testing and treatment services to all citizens, including foreign residents. This includes antiretroviral therapy (ART), the primary HIV treatment. As a result, there is no need for reimbursement for the cost of HIV therapeutics in Kuwait because the government provides them free of charge.

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

HIV Therapeutics Segmentation

By Types (Revenue, USD Billion):

  • Nucleoside-Analog Reverse Transcriptase Inhibitors (NRTIs)
  • Coreceptor Antagonists
  • Entry and Fusion Inhibitors
  • Integrase Inhibitors
  • Protease Inhibitors (PIs)
  • Non-Nucleoside Reverse Transcriptase Inhibitors (NNRTIs)

By Distribution Channel (Revenue, USD Billion):

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 18 February 2023
Updated by: Shivam Zalke

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