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The immunology market size is estimated to grow by USD 56.07 billion at a CAGR of 8.84% between 2022 and 2027. The growth of the market depends on several factors, including the growing organ transplantation, the growing cases of infectious diseases, and the hurdles in the approval of biosimilars.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The hurdles in the approval of biosimilars are notably driving the market growth, although factors such as the lack of awareness may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Hurdles in the approval of biosimilars are the key factor driving the growth of the global market. A biosimilar can be defined as an approved biological product based on demonstrating a high degree of similarity to an already approved product of biological origin. Additionally, biosimilars do not show clinically significant deviations in safety profile or efficacy compared to reference products. Biosimilars allow for minor differences in clinically inactive ingredients. Additionally, they are a more affordable treatment option for patients as they are approved by the U.S. Food and Drug Administration via various shortcuts and avoid costly duplication of clinical trials. Lower development costs lower the price of biosimilars compared to patented products.
The clearance of biosimilars from the US FDA is slow, as obtaining guidance documents for a biosimilar is time-consuming. For instance, INFLECTRA was cleared by the US FDA after two months of House Subcommittee hearings. As per the Biologics Price Competition and Innovation (BPCI) Act, it is not essential for the US FDA to issue guidance before approving a biosimilar application, but this guide will help to ensure successful implementation. As biosimilar approvals get delayed, the substitutes will not enter the global market. This makes the global market continue to grow during the forecast period.
A significant pipeline of immunology is the primary trend in the global market growth. There are multiple promising immunological agents in the pipeline, which will boost market growth after their approval. Approval of a new treatment increases treatment options and increases demand for that treatment regimen. Around 51 molecules are in various stages of clinical trials worldwide. Of these, 22 molecules are in Phase II, four are in Phase III, 16 are in Phase I, and the rest are in Phase I/II clinical trials.
One of the most promising molecules from AbbVie Inc. risankizumab (SKYRIZI) is under development. Boehringer Ingelheim and AbbVie Inc. jointly worked on the molecule to get approval for new indications such as psoriasis, psoriatic arthritis, and Crohn's disease. Another molecule from AbbVie ABBV-157 is under Phase I as of October 2021 for the treatment of psoriatic arthritis. Thus, these developments will lead to the global market growth during the forecast period.
Lack of awareness of immunology is a major challenge to the growth of the global market. Lack of awareness of immune-mediated malignancies will adversely affect the growth of the global market as it limits the use of drugs. Awareness issues make it difficult to achieve true marketability of available products. Allergies are one of the growing health problems that affect people's daily lives. Despite its high prevalence, allergies are still underdiagnosed and undertreated due to a lack of information.
Also, there is a significant lack of awareness among people about fatigue as a serious symptom of rheumatoid arthritis. The NIH also states that more than one-third of patients experiencing rhinitis and asthma symptoms remain undiagnosed and have decreased their quality of life. Although effective treatments are available, factors such as individual attitudes, beliefs, and inadequate communication between clinician and patient contribute to poor treatment adherence, especially in chronic diseases such as allergies and asthma. Thus, the lack of awareness is a major challenge and is likely to hinder the global market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Astellas Pharma Inc: The company offers V Cells therapy which is designed to enhance the immune system for killing cancer cells. Also, the company is involved in offering a wide range of products such as XTANDI, XOSPATA, Evrenzo used for the treatment of chronic diseases related to cancer and kidney treatment.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the immunosuppressants segment will be significant during the forecast period. Immunosuppressants are also known as anti-rejection drugs. This class of drugs either suppresses or reduces the response of the body's immune system.
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The immunosuppressants segment was valued at USD 44.75 billion in 2017 and continued to grow until 2021. These drugs have large applications in organ transplantation where the chances of organ rejection are high, as the body's immune system identifies the new organ as a foreign agent and tends to attack it, resulting in rejection. This is because the immune system perceives transplanted organs as foreign items and mounts an immunological response against them, causing the organs to be destroyed while also affecting other body components. Immunosuppressants prevent a patient body from having a hyper-immune response. Such factors will increase segment growth during the forecast period.
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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In North America, it is expected to register moderate growth during the forecast period owing to the increased funding from government and non-government bodies along with the rise in the prevalence rate of chronic diseases such as rheumatoid arthritis and cancer. According to the CDC, in January 2021, the incidence rate of female breast cancer was 123.9 per 100,000 people in the US. The evidence from the drug trials revealed that the effect of anti-cancer drugs lasts longer when immuno-booster drugs are given along with the anti-cancer drugs. The use of products in cancer therapy supports the market growth during the forecast period.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The Market addresses a range of infections and immunological disorders, including autoimmune diseases like type 1 diabetes, ankylosing spondylitis, and inflammatory bowel disease. Research published in the Annals of the Rheumatic Diseases often influences treatment approaches and patents for new therapies.
Key medications like Leflunomide and Monoclonal Antibodies (mAbs), including fusion proteins, are crucial for managing autoimmune disorders, but treatment costs and adverse effects remain concerns. These therapies are essential for prophylaxis of organ rejection post-transplant. The market is driven by an increasing understanding of environmental factors influencing autoimmune diseases and the development of novel therapies. Companies like Lupin play a significant role in developing treatments, focusing on improving disease indication specificity and reducing side effects.
Immunology Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.84% |
Market growth 2023-2027 |
USD 56.07 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
8.37 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 41% |
Key countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3SBio Inc., AbbVie Inc., Amgen Inc., Antares Pharma Inc., Astellas Pharma Inc., Biogen Inc., Bristol Myers Squibb Co., Eli Lilly and Co., F. Hoffmann La Roche Ltd., Horizon Therapeutics Plc, ImmuNext Inc., Incyte Corp., Johnson and Johnson Services Inc., Merck KGaA, Mitsubishi Chemical Group Corp., Novartis AG, Pfizer Inc., Takeda Pharmaceutical Co. Ltd., UCB SA, and GlaxoSmithKline Plc |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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