Autoimmune Disease Therapeutics Market on target to hit $153.2 billion by 2025: North America expected to remain dominant throughout the forecast period
Anti-autoimmune disease drugs include anti-inflammatory drugs, antihyperglycemics, NSAIDs, interferons, immunosuppressants, corticosteroids, beta blockers and other types of drugs. Demand for autoimmune disease drugs is projected to increase during the forecast period due to the spread of autoimmune diseases, advances in screening and diagnostic procedures, and the broad availability of advanced therapeutics. Furthermore, the presence of pipeline drugs such as tocilizumab, barricinib, certolizumab, secukinumab, etanercept, olokizumab, abatacept, apremilast, PF-06438179, golimumab, ustekinumab, etrolizumab and tofacitinib is expected to further promote market growth.
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Depending on the drug type, the global autoimmune disease therapeutic market is classified as anti-inflammatory, antihyperglycemic, NSAID, interferon and others. Anti-inflammatory drugs were a major contributor to sales in 2017 and are anticipated to maintain dominance over the forecast period due to increased demand for anti-inflammatory drugs and the launch of the latest anti-inflammatory drugs through a supplemental reimbursement policy for the use of advanced anti-inflammatory drugs. The release of pipeline anti-inflammatory drugs such as tocilizumab, certolizumab, secukinumab, etanercept, golimumab and others is expected to affect market growth.
Depending on the indication, the market is classified as rheumatic disease, type 1 diabetes, multiple sclerosis, inflammatory bowel disease and other signs. Rheumatoid diseases accounted for a large proportion in 2017, and the duration of treatment is expected to be prolonged due to the high prevalence of arthritis, fibromyalgia, systemic lupus erythematosus, gout, scleroderma, and multiple myositis. Rheumatoid diseases, usefulness of advanced therapeutic agents for the treatment of these diseases.
According to the sales channel, the market is divided into hospital pharmacies, pharmacies and retail pharmacies, and online stores. Online services are expected to grow rapidly over the forecast period as online purchasing preference increases and the number of Internet users increases as more people become aware of online pharmacies than traditional methods. On the other hand, the pharmacy and retail pharmacy sectors are estimated to be major revenue contributors due to the large presence of these pharmacies.
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Key Findings of the Autoimmune Disease Therapeutics Market:
• Based on indication, the rheumatic disease segment held nearly half of the global market share in 2017, and is projected to grow at a CAGR of 5.2% from 2018 to 2025.
• Based on sales channel, the online stores segment is expected to experience rapid growth and is projected to grow at a CAGR of 6.8% during the forecast period 2018-2025.
• Depending on drug class, the anti-inflammatory segment accounted for nearly half of the global market share in 2017, and is projected to grow at a CAGR of 5.2% from 2018 to 2025.
• Based on region, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 6.3% during the forecast period.
North America accounted for a major market share in 2017, and is expected to remain dominant throughout the forecast period. Higher prevalence of autoimmune disease, early diagnosis, easy availability of advanced therapeutics, strong presence of key players, favorable reimbursement in healthcare system, and higher number of trained medical professionals are key drivers of the North America autoimmune disease therapeutics market. On the other side, Asia-Pacific is expected to experience the highest growth rate during the forecast period owing to increase in number of target population, rise in adoption of therapeutics with development in healthcare infrastructure.
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