The study also encompasses valuable insights about profitability prospects, market size, growth dynamics, and revenue estimation of the business vertical. The study further draws attention to the competitive backdrop of renowned market contenders, including their product offerings and business strategies.
Market Analysis
The Immunosuppressive Drugs Market is anticipated to touch USD 1.39 billion at a 4.63% CAGR between 2019- 2025, according to the new report by Market Research Future (MRFR). Immunosuppressive drugs, simply put, are antirejection medicines that prevent or obstruct the activity of the immune system. IMDH inhibitors, mTOR inhibitors, antiproliferative agents, corticosteroids, calcineurin inhibitors, and others are the different types of immunosuppressive drugs.
Various factors are adding to the global immunosuppressive drugs market growth. According to the new MRFR report, such factors include burgeoning demand for immunosuppressant drugs for kidney transplant and immunosuppressive therapy for cancer, rising cases of organ failure with the growing need for immunosuppressive therapy, and growing prevalence of autoimmune diseases.
On the contrary, high transplantation procedure cost, coupled with the side effects of taking immunosuppressant drugs for kidney transplant are factors that may limit the global immunosuppressive drugs market growth over the forecast period.
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Market Segmentation
The MRFR report gives an inclusive segmental analysis of the global immunosuppressive drugs market report based on end user, application, route of administration, and drug type.
By drug type, the global immunosuppressive drugs market is segmented into IMDH inhibitors, mTOR inhibitors, antiproliferative agents, corticosteroids, calcineurin inhibitors, and others. Of these, calcineurin inhibitors will lead the market over the forecast period for its high efficacy. This will be followed by the corticosteroids segment, which is predicted to grow at a fast pace for its increasing preference by medical professionals.
By route of administration, the global immunosuppressive drugs market is segmented into oral, intravenous, and others. Of these, the intravenous segment will dominate the market over the forecast period.
By application, the global immunosuppressive drugs market is segmented into organ transplants, autoimmune disease, and others. Of these, the autoimmune disease will have a major share in the market over the forecast period.
By end user, the global immunosuppressive drugs market is segmented into organ transplant centers, hospitals and clinics, and others. Among these, hospitals & clinics segment will spearhead the market over the forecast period.
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Regional Analysis
Based on the region, the global immunosuppressive drugs market report covers the growth opportunities and recent trends across the Americas, Europe, the Asia Pacific (APAC), & the Middle East and Africa. Of these, the Americas will lead the market over the forecast period. Large scale investments on research and development, technological advances, increasing cases of autoimmune diseases, and a growing number of organ transplants annually are adding to the global immunosuppressive drugs market growth in the region.
The global immunosuppressive drugs market in Europe is predicted to have the second-largest share over the forecast period. Rising cases of autoimmune diseases in Western Europe, coupled with the growing number of transplants are adding to the global immunosuppressive drugs market growth in the region.
The global immunosuppressive drugs market in the APAC region is predicted to grow at a high CAGR over the forecast period. An increase in medical tourism, the presence of established healthcare industry, and a high population are adding to the global immunosuppressive drugs market growth in the region. With coronavirus cases mounting with each passing day, immunosuppressive drugs such as tocilizumab or atlizumab is being tried on COVID-19 patients who are at high risk.
The global immunosuppressive drugs market in the MEA is predicted to have a small share over the forecast period for an underdeveloped organ transplant market and low cases of autoimmune diseases.
Key Players
Eminent players profiled in the global immunosuppressive drugs market report include Zydus Cadila (India), Actavis, Inc. (US), Pfizer Inc. (US), Novartis AG (Switzerland), Mylan Laboratories Inc. (US), Glenmark Pharmaceuticals, Inc (India), Bristol-Myers Squibb Company (US), GlaxoSmithKline PLC (UK), Genzyme Co. (US), F. Hoffmann-La Roche AG (Switzerland), Astellas Pharma (Japan), and Accord Healthcare (US).
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