New Zealand HIV Therapeutics Market Analysis

New Zealand HIV Therapeutics Market Analysis


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By 2030, it is anticipated that the New Zealand HIV therapeutics market will reach a value of $xx Mn from $xx Mn in 2022, growing at a CAGR of xx% during 2022-2030. The market is primarily dominated by local players such as TIVICAY, Body Positive, and Gilead Sciences. The market is driven by government initiatives, the prevalence of HIV infections, and awareness about HIV / AIDS. The HIV therapeutics market in New Zealand is segmented by type, product, geography, end user, and distribution channel.

ID: IN10NZPH037 CATEGORY: Pharmaceuticals GEOGRAPHY: New Zealand AUTHOR: Dr. Vishwa Modhia

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New Zealand HIV Therapeutics Market Analysis Summary

By 2030, it is anticipated that the New Zealand HIV therapeutics market will reach a value of $xx Mn from $xx Mn in 2022, growing at a CAGR of xx% during 2022-2030.

In the southwest Pacific Ocean, the island nation of New Zealand is made up of numerous smaller islands in addition to its two main landmasses, the North Island and the South Island. The adult prevalence of HIV/AIDS in New Zealand was less than 0.1% in 2021. According to the most recent WHO data, 10 HIV/AIDS-related deaths—or 0.04% of all deaths—occurred in New Zealand in 2020.

In New Zealand, AIDS, and HIV infection are under national surveillance by the AIDS Epidemiology Group. With an age-adjusted Death Rate of 0.18 per 100,000 people, New Zealand is ranked 148 globally. Antiretroviral drugs that are frequently prescribed in New Zealand include protease inhibitors (PIs), integrase inhibitors, fusion inhibitors, entry inhibitors, and nucleoside/nucleotide reverse transcriptase inhibitors (NRTIs, NNRTIs, and PIs). New Zealand spent 9.7% of its GDP on healthcare in 2019.

Market Dynamics

Market Growth Drivers

The treatment gap and ART coverage in New Zealand were both around 73%. In New Zealand's free market economy, prices for goods and services are established through a free market system. New Zealand participates in both the Trans-Pacific Partnership (TPP) and the Asia-Pacific Economic Cooperation (APEC).

Market Restraints

Despite the fact that New Zealand's public healthcare system typically covers ART, some people may still find it difficult to afford these medications. People might occasionally have to make co-payments or prescription charges, which add up over time.

Competitive Landscape

Key Players

  • TIVICAY (ViiV Healthcare group) (NZL)
  • Body Positive (NZL)
  • Gilead Sciences
  • ViiV Healthcare
  • Merck & Co.
  • Pfizer
  • AstraZeneca
  • Novartis
  • GlaxoSmithKline
  • Johnson & Johnson

Recent Notable Update

November 2019: New Zealand has opened the first sperm bank in the world for donors who are HIV-positive in an effort to reduce the stigma associated with the condition. Three HIV-positive men with undetectable viral loads have already expressed interest in donating. Before World Aids Day on December 1, three charities introduced perm Positive. The project's sponsors, Body Positive, the New Zealand Aids Foundation, and Positive Women Inc., hope it will inform people about HIV transmission and lessen the stigma against those who have the disease.

Healthcare Regulations and Reimbursement Policies

The Medicines and Medical Devices Safety Authority (Medsafe) is the regulatory body in charge of regulating the approval and utilization of HIV therapeutics in New Zealand. The New Zealand Ministry of Health's business unit Medsafe is in charge of overseeing the regulation of therapeutic products, such as prescription and over-the-counter medications, medical devices, and complementary medicines. Medical professionals and patients can get guidance from Medsafe on how to use therapeutic products safely. Medsafe evaluates the efficacy, quality, and safety of both new and existing products.

The Pharmaceutical Management Agency (PHARMAC), New Zealand's government-run healthcare system, typically covers the cost of antiretroviral therapy (ART) for the treatment of HIV. PHARMAC, which works to ensure that people have access to the medications they require at an affordable price, is in charge of funding the majority of prescription medicines used in New Zealand. The majority of people with HIV in New Zealand are qualified for free ART through the public healthcare system.

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

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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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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: Ritu Baliya

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