September 03, 2021
According to the research report titled ‘Global Immunosuppressant Drugs Market 2019-2028’, available with Market Study Report, global immunosuppressant drugs market is slated to register 4% CAGR over the forecast period 2019-2028.
Escalating demand for organ transplant, and increasing prevalence of autoimmune disorders are acting as a major impetus to worldwide immunosuppressant drugs market growth. Moreover, increasing product adoption in developing economies, and rising exports of medicines and drugs throughout the world are also stimulating overall industry expansion.
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For those unversed, malfunctioning of the immune system causes it to attack healthy tissues, cells, and organs. Immunosuppressants are medicines administered to weaken such overactive immune responses.
On the downside, side-effects associated with the medicines, and lack of awareness regarding organ donation are likely to hamper the industry growth trajectory over the assessment period.
Based on drug class, the market is classified into monoclonal antibodies, corticosteroids, mTOR inhibitors, calcineurin inhibitors, and others. By distribution channel, the industry fragmentation comprises hospital, retail, and online pharmacies. Considering end user scope, global immunosuppressant drugs industry is split into autoimmune disorders, organ transplantation and others.
From a regional frame of reference, the report deems North America, Asia-Pacific, Latin America, Europe, and Middle East & Africa to be major contributors to industry valuation. Of these, Latin America industry share is expected to surge considerably over 2019-2028, with Brazil at forefront, owing to rapidly expanding pharmaceutical sector, and large population base. Factors such as rise in healthcare expenditure, along with sustained double-digit revenue growth in countries such as Columbia, Argentina, and Venezuela are also boosting the regional market outlook.
Prominent players in global immunosuppressant drugs marketplace are Veloxis Pharmaceuticals Inc., Sanofi S.A., Pfizer Inc., Novartis AG, Mylan N.V., Janssen Global Services LLC (Johnson & Johnson), Intas Pharmaceuticals Ltd., GlaxoSmithKline plc, F. Hoffmann-La Roche AG, Dr. Reddy's Laboratories, Cipla Ltd., Bristol Myers Squibb, Astellas Pharma Inc., Allergan Inc., and AbbVie Inc.