Immunosuppressants Market to Grow at a CAGR of 14% by 2027
The global immunosuppressants market is expected to reach the market value of around US$ 45,000 Mn by 2027 and is anticipated to grow at a CAGR of around 14% in terms of revenue during the forecast period 2020 - 2027
LOS ANGELES, July 7, 2020 /PRNewswire/ -- Acumen Research and Consulting, Recently Published Report on "Immunosuppressants Market Size, Share, Trends, Growth, Revenue, and Forecast, 2020 - 2027".
The immunosuppressants market growth is driven by higher prevalence of autoimmune disorders and greater population base requiring effective therapies for these diseases. Strict regulatory policies and compliances associated with the approval of drugs is a factor that may hamper the growth of the market.
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Immunosuppressants are in the family of drugs, which lead to the suppression of the immune response. The immune system of the recipient is activated and thus, as it does in response to certain foreign substances, creates immune response during organ transplants, from the donor to the recipient. The immunity to the organ is severely affected by this immune response. It is frequently termed an acute or persistent rejection. The use of immunosuppressive drugs to inhibit immune reaction and preserve the new organ and function is prohibited. They are used primarily to prevent several autoimmune diseases, like gravitational myasthenia, asthma, lupus, rheumatoid arthritis, Crohn's disease and organ rejection transplantation, including kidney, liver and heart transplantations. Clinical immunosuppression consists of three stages: induction therapy, maintenance care and the care of an existing acute rejection response.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
The rising prevalence of autoimmune diseases and the dramatic growth in organ donation in this region is projected to represent North America largest market share in the global immunosuppressive market. According to the Centers for Disease Control (CDC), in the year 2018, In addition, arthritis diagnosed by physicians was prevalent in 16.4% of people underweight, while 27.7% of people who had hypertension are reported to be around 19% of men and 25% of women in the U.S. arthritis are diagnosed by physicians. Furthermore, technical advancements in tissue engineering and organ transplantation, increased healthcare spending, increased R&D funding and existing healthcare facilities further fuel overall growth of the regional sector.
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Market dynamics
The growth in autoimmune diseases such as arthritis, multiple sclerosis and alopecia areata was the key driving force for demand development for immunosuppressants. Furthermore, the rise in the immuno-suppressant market as a result of organ donation operations such as the transplants of the kidneys and liver due to an increase in the rate of organ failure. For instance, according to the U.S. Government Information on Organ Donation and Transplantation, 36,528 organ transplants were performed in 2018 in the country. The lack of supply of organ donors and the high cost of such drugs are, however, restricting the development of this immunosuppressive market. I For instance, as in the U.S.,in July 2019, more than 113,000 of the people with federal records on organ donation and transplantation are on the global waiting list for the transplantation. Increasing applications of tissue engineering to build implants, however, present market growth opportunities. Furthermore, a increase in disposable income and understanding of organ donation among individuals is projected to generate lucrative business opportunities in the near future.
COVID-19 more dangerous for people with psoriasis
As psoriasis is a chronic immune condition, certain patients may take immunosuppressant drugs to control their symptoms. These drugs can decrease the immune system, which can raise the risk of SARS-CoV-2 and other infectious agents infections. The risk of serious symptoms can also be raised by immunosuppressive pharmaceutical products. For instance, according to the Centers for Disease Control and Prevention (CDC), Conditions or drugs which weaken the immune system and affect immunosuppressed people increase the risk of severe COVID-19. The International Psoriasis Council (IPC) advises the cancellation or postponement of immunosuppressant drugs for psoriasis who receive a COVID-19 diagnosis. • The IPC advises that the benefit-risk ratio of immunosuppressive drugs should be carefully tested by doctors on an individual basis.
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The global immunosuppressants market includes Zydus, GlaxoSmithKline Plc., Bristol Myers Squibb, Astellas Pharma, Inc., Johnson & Johnson, F. Hoffmann La Roche Ltd., Intas Pharmaceuticals Ltd., Mylan Laboratories Inc., Pfizer, Inc., Novartis AG, Sanofi S.A, and others.
Recent Developments
- In March 2020, Zydus and XOMA Announce IL-2-Based Immuno-Oncology Therapy Licensing Agreement
- In May 2018, Pfizer announces U.S. FDA approves XELJANZ® (TOFACITINIB) for the treatment of moderately to severely active ulcerative colitis
Market Segmentation
Market By Drug Class
- Corticosteroids
- Monoclonal Antibodies (mAbs)
- Calcineurin Inhibitors
- mTOR Inhibitors
- Anti-Proliferative Agents
- Others
Market By Indication
- Organ Transplantation
- Autoimmune Disorders
- Non-Autoimmune Inflammatory Diseases
Market By Distribution Channel
- Hospital pharmacies
- Retail pharmacies
- Online pharmacies
Market By Route of Administration
- Oral
- Parenteral
Market By Geography
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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