Immunosuppressive Drugs Market Highlights
Immunosuppressive drugs are antirejection medicines that obstruct or prevent activity of the immune system. The growth of the global immunosuppressive drugs market is driven by various factors such as the rising incidence rate of autoimmune diseases and increasing cases of organ failures with the need for organ transplantation. However, the high costs of transplantation procedures and the side effects of the drugs are expected to curb the growth of the global immunosuppressive drugs market.
According to MRFR analysis, the global immunosuppressive drugs market size is estimated to reach USD 9.95 billion by 2032 at 7.3% CAGR during the forecast period 2023-2032.
The global immunosuppressive drugs market is currently dominated by numerous market players. The key players are involved in product launches and strategic collaborations to strengthen their market positions. For instance, in May 2015, Pfizer, Inc. was granted US Food and Drug Administration (FDA) approval for Rapamune (Sirolimus) for the treatment of lymphangioleiomyomatosis (LAM).
Segmentation
The global immunosuppressive drugs market has been segmented based on drug type, route of administration, application, and end user.
The market, based on drug type, has been segmented into calcineurin inhibitors, corticosteroids, antiproliferative agents, mTOR inhibitors, IMDH inhibitors, and others. The calcineurin inhibitors segment is likely to hold the majority share of the global immunosuppressive drugs market owing to the high efficacy of these drugs. This drug class is the most preferred after organ transplantation procedures. The corticosteroids segment is expected to be the fastest-growing as medical professionals increasingly prefer these drugs.
The market, by route of administration, has been bifurcated into intravenous, oral, and others. The intravenous segment is expected to be the largest, while the oral segment is projected to be the fastest growing. Key market players for increasingly seeking approvals for their oral immunosuppressive drugs.
The global immunosuppressive drug market has been segmented, based on application, into autoimmune disease, organ transplant, and others. The autoimmune disease segment is projected to be the largest due to the increasing occurrences and growing incidence rates of autoimmune diseases such as rheumatoid arthritis, multiple sclerosis, and systemic lupus erythematosus. The organ transplant segment is expected to register the highest growth rate owing to the increased number of transplant donors and the rising number of organ transplant procedures. The organ transplant immunosuppressive drugs segment has been further divided into kidney transplant, liver transplant, heart transplant, and others.
The end user segments of the market are hospitals and clinics, organ transplant centres, and others. The hospitals and clinics segment are expected to hold the largest market share due to the rising number of patient admissions and the growing number of hospitals in developing economies. The organ transplant canters segment is expected to be the fastest growing; this growth can be attributed to the increased use of immunosuppressants post-transplant procedures.
Immunosuppressive Drugs Market Players
Some of the key players in the global immunosuppressive drugs market are Accord Healthcare (US), Astellas Pharma (Japan), F. Hoffmann-La Roche AG (Switzerland), Genzyme Co. (US), GlaxoSmithKline PLC (UK), Bristol-Myers Squibb Company (US), Glenmark Pharmaceuticals, Inc (India), Mylan Laboratories Inc. (US), Novartis AG (Switzerland), Pfizer Inc. (US), Actavis, Inc. (US), and Zydus Cadila (India).
Regional Analysis
The global immunosuppressive drugs market outlook has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The immunosuppressive drugs market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The immunosuppressive drugs market in the Americas is projected to be the largest during the forecast period owing to the large patient pool. The European immunosuppressive drugs market has been classified as Western Europe and Eastern Europe. The Western European market has further been categorized as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The immunosuppressive drugs market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The Asia-Pacific immunosuppressive is projected to be the fastest-growing during the review period. The immunosuppressive drugs market in the Middle East & Africa has been divided into the Middle East and Africa.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Email: sales@marketresearchfuture.com