As per Future Market Insights’ latest analysis, the global immunomodulator market is on a robust growth trajectory, with its value expected to reach an impressive USD 88.6 billion by the end of 2024. This substantial market valuation underscores the rising significance of immunomodulatory therapeutics in addressing the growing burden of chronic diseases.
Looking ahead, the market is projected to continue its strong upward momentum, with a remarkable compound annual growth rate (CAGR) of 7.2% over the next decade. By 2034, the global immunomodulator market is forecasted to soar to a staggering USD 178.0 billion.
A significant driver of this growth is the heightened demand for immunosuppressants, which are increasingly utilized in the management of various autoimmune disorders. This segment, in particular, is anticipated to flourish with a robust 7.0% CAGR through 2034, reflecting its critical role in the therapeutic landscape.
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Several factors are set to stimulate the growth of the immunomodulator industry during the upcoming decade. These include escalating incidence of chronic diseases like cancer, asthma, and arthritis, surging need for effective treatments, and favorable government support.
As the burden of chronic diseases, such as cancer and autoimmune disorders, continues to upsurge, there is a high need for novel treatments like immunomodulators. This is projected to boost market growth during the assessment period.
Immunomodulators have become powerful tools for managing health conditions like cancer, arthritis, multiple sclerosis, etc. This is due to their capability to modify the function of the immune system.
Improved diagnostic techniques are leading to the early detection of immunological disorders and other chronic diseases. This, in turn, will further generate high demand for effective treatment options like immunomodulators during the assessment period.
Key Takeaways from the Report:
- The global market value is forecast to total USD 178 billion in 2034.
- Based on product, the immunosuppressants segment is set to record a CAGR of 0% through 2034.
- By application, the HIV category is poised to grow at 9% CAGR from 2024 to 2034.
- Revenue in the United States is predicted to total USD 32 billion by 2034.
- Demand in South Korea is forecast to surge at a robust3% CAGR through 2034.
- China will record a CAGR of 9% between 2024 and 2034.
“The global immunomodulator market is set to observe a robust growth trajectory during the next ten years, spurred by increasing incidence of immunological disorders and growing need for effective treatment options.”- says a lead Future Market Insights (FMI) analyst.
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Who is Winning?
Leading players in the immunomodulator market include F. Hoffmann-La Roche Ltd., Biogen Inc., Teva Pharmaceutical Industries Ltd., Novartis AG, Amgen, Inc., Bristol-Myers Squibb Company, Merck Sharp & Dohme Corp., Eli Lilly and Company, Abbott Laboratories, Johnson & Johnson, and Pfizer Inc.
Top companies are increasingly investing in research and development to develop new immunomodulators. For instance, they are looking to develop novel drugs that target specific diseases like autoimmune disorders and cancer. Similarly, the market is witnessing strategies like collaborations, acquisitions, and mergers as players look to strengthen their presence globally and stay ahead of the curve.
Recent Developments:
- In December 2022, American multinational pharmaceutical company Merck collaborated with Mersana Therapeutics to discover and develop new immunostimulatory antibody conjugates (ADCs).
- In April 2019, Switzerland-based multinational pharmaceutical company Novartis acquired IFM Tre to strengthen its portfolio of immunomodulatory medicines.
Market Segmentation of Immunotherapy Products:
By Product:
- Immunosuppressants
- Immunostimulants
By Application:
- Oncology
- Respiratory
- HIV
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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