By 2030, it is anticipated that the Malaysia HIV therapeutics market will reach a value of $xx Mn from $22.12 Mn in 2022, growing at a CAGR of xx% during 2022-2030. The market is primarily dominated by local players such as HVC Medical Supplies, KLSCAH, and Pharmaniaga Berhad. The market is driven by the prevalence of HIV infections and inequalities in the treatment of HIV. The HIV therapeutics market in Malaysia is segmented by type, product, and geography, end user, and distribution channel.
By 2030, it is anticipated that the Malaysia HIV therapeutics market will reach a value of $xx Mn from $22.12 Mn in 2022, growing at a CAGR of xx% during 2022-2030.
Malaysia, a Southeast Asian country, is a federation of 13 states and 3 federal territories. The most recent WHO statistics from 2020 show that 2,679 people died in Malaysia from HIV/AIDS or 1.59% of all deaths. The United Nations reports that Malaysia is one of the ten nations that, collectively, accounted for more than 95% of all new HIV infections in the Asia-Pacific region in 2016.
In September 2018, "HIV Connect,” a self-paced, online learning platform that is designed for primary care physicians and other healthcare practitioners in Malaysia, was launched. With an age-adjusted death rate of 8.15 per 100,000 people, Malaysia is ranked 63rd globally. With a 0.3% prevalence rate, Malaysia was ranked 81st in the world for adult HIV/AIDS prevalence in 2021. 9.7% of Malaysia's GDP was spent on healthcare expenses in that year.
Market Growth Drivers
Over the past 20 years, Malaysia has seen a 70% decrease in the number of new HIV infections. People living with HIV (PLHIV) in Malaysia were receiving antiretroviral treatment at a rate of 66% in 2021, as opposed to 28% in 2015. For the nation to completely eradicate AIDS as a public health problem by 2030, the decline in HIV cases and the expansion of treatment access are still insufficient.
Market Restraints
The effort to cover the entire region of Malaysia is hampered by inequalities. Therefore, it is essential to improve the accessibility, value, and suitability of services for HIV treatment, testing, and prevention in order to ensure that equality is achieved. This disparity may deter new competitors from the HIV therapeutics market in Malaysia.
Key Players
The regulatory body in charge of approving and supervising HIV therapeutics in Malaysia is the National Pharmaceutical Regulatory Agency (NPRA), a division of the Ministry of Health. The NPRA is responsible for ensuring the safety, efficacy, and quality of all drugs, including those used to treat HIV. Prior to being marketed and sold in Malaysia, the NPRA assesses new medications, including HIV therapeutics.
In Malaysia, the National Health Insurance Scheme (NHIS), also referred to as "MyKasih," pays for HIV therapeutics. A variety of medical treatments, including the price of HIV medications, are covered by the government-run health insurance program known as the National Health Insurance System (NHIS). Depending on the person's plan and the medication being taken, the NHIS covers HIV therapeutics to varying degrees.
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
By Types (Revenue, USD Billion):
By Distribution Channel (Revenue, USD Billion):
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