The global Interferons market sales is expected to be worth US$ 9.4 billion in 2022 and to grow at a CAGR of 3.9% from 2022 to 2032. By the end of 2032, the global market is expected to be worth US$ 13.8 billion.
Interferons are a class of proteins produced by white blood cells, fibroblasts, and T-cells in response to viral infections, bacteria, tumour cells, and other pathogens. These glycoproteins, also known as cytokines, are commonly referred to as the pathogen’s first line of defence.
Interferons have proven to be an effective and cutting-edge therapy option for diseases such as cancer, hepatitis, and multiple sclerosis. For example, in November 2021, the FDA authorised BESREMi for the treatment of people with polycythemia vera, a recent advancement in the Interferons business.
Polycythemia vera is an uncommon, chronic, and potentially fatal blood cancer caused by a mutation in bone marrow stem cells, which results in an overabundance of blood cells. When this occurs, a person is at an increased risk of serious health problems such as blood clots, strokes, and heart attacks.
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Another factor boosting the global Interferons market is the increasing emphasis of key manufacturers on the development of novel interferon-beta drugs. Key businesses are also concentrating on growing their presence through promotions, improved distribution networks, and improved customer services related to their products in order to improve the brand and products.
For example, in March 2020, Bayer and Curadev formed a research collaboration and licence agreement to explore novel STING antagonists across indications. It has been shown to aid in the activation of the innate immune system in auto-inflammatory illnesses. Such global market developments are expected to auger well for the Interferons sector in the following decade.
Key Takeaways: Interferons Market
- Interferon beta is the market leader by product, with a market share of roughly 47.2% in 2021.
- In terms of indication, the multiple sclerosis segment dominates the Interferons market, accounting for approximately 35.0% of the market in 2021.
- Hospital pharmacies are predicted to lead the Interferons market by end user, with an approximately 43.5% share in 2021.
- North America is expected to be the leading region in the Interferons market in 2021, with a market share of approximately 37.2%.
“Growing number of therapeutic interferon approvals and their surging commercial applications in several disease indications are expected to propel the global Interferons market,” says an analyst of Future Market Insights.
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Competitive Landscape: Interferons Market
Leading manufacturers such as Pfizer, Merck & Co., Zydus Cadila, and Novartis AG are focusing on collaborations and acquisitions to enhance their presence in the market and compete with their rivals during the forecast period. Below are some of the latest industry developments by key market participants:
- In March 2022, Pfizer completed the acquisition of Arena Pharmaceuticals to expand its inflammation and immunology therapeutics segment.
- In January 2022, Pfizer and Beam Therapeutics announced an exclusive collaboration to explore innovative In Vivo base editing projects for three targets in rare genetic illnesses of the liver, muscle, and central nervous system.
- In January 2022, Merck & Co. completed the acquisition of Exelead and aims to invest more than € 500 million in technical scale-up. Merck’s Life Science business segment will be able to provide comprehensive end-to-end contract development and manufacturing organization (CDMO) services across the mRNA value chain as a result of the acquisition.
More Valuable Insights on Interferons Market:
Future Market Insights brings a comprehensive research report on projected revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2032.
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Interferons Market Outlook by Category
By Product:
- Interferon Gamma
- Interferon Beta
- Interferon Alpha
By Indication:
- Multiple Sclerosis
- Polycythemia Vera
- Hepatitis C
- Melanoma
- Chronic Granulomatous Disease (CGD)
- Other Indications
By End User:
- Hospital Pharmacies
- Retail Pharmacies
- Specialty Clinics
- Online Pharmacies
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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