Press release
Understanding the Dynamics of Interleukin Inhibitors Market: Size, Trends, Growth, and Global Share - Dive Deeper for Profound Insights
Interleukin Inhibitors Market
The Business Research Company offers in-depth market insights through Interleukin Inhibitors Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The interleukin inhibitors market size has grown rapidly in recent years. It will grow from $42.93 billion in 2023 to $49.84 billion in 2024 at a compound annual growth rate (CAGR) of 16.1%. The growth in the historic period can be attributed to rising prevalence of autoimmune diseases, increasing awareness of interleukin inhibitors, growing demand for personalized medicine, growing elderly population, growing popularity of biosimilars.
The interleukin inhibitors market size is expected to see rapidly grown in the next few years. It will grow to $96.66 billion in 2028 at a compound annual growth rate (CAGR) of 18.0%. The growth in the forecast period can be attributed to emerging therapeutic indications, global aging population, immunotherapy combinations, increasing investment in research and development. Major trends in the forecast period include oral interleukin inhibitors, next-generation therapies, pediatric indications, expanded access, patient-centric care.
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Market Segmentation:
The interleukin inhibitors market covered in this report is segmented -
1) By Type: IL-17, IL-23, IL-1, IL-5, IL-6, Other Types
2) By Application: Psoriasis, Psoriatic Arthritis, Rheumatoid Arthritis, Asthma, Inflammatory Bowel Disease, Other Applications
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
Major Driver - Rising Investigational Drugs For Inflammatory Diseases To Propel Interleukin Inhibitors Market
An increase in the number of investigational drugs for inflammatory diseases such as psoriasis, arthritis, and inflammatory bowel disease will drive the interleukin inhibitors market. Inhibitors of interleukin decrease the actions of the inflammatory cytokines, stimulate innate immune responses to prevent damage to the host, and maintain normal tissue homeostasis. There are 48 molecules under investigation for the treatment of inflammatory diseases such as psoriasis and psoriatic arthritis. Among these, 20 molecules are in Phase III clinical trials. These growing numbers of pipeline drugs will drive the interleukin inhibitors market upon approval.
Competitive Landscape:
Major companies operating in the interleukin inhibitors market include Sanofi S.A., GlaxoSmithKline plc, Novartis International AG, Johnson & Johnson Services Inc., F. Hoffmann-La Roche Ltd., Eli Lilly and Company, AstraZeneca plc, Teva Pharmaceutical Industries Ltd., Regeneron Pharmaceuticals Inc., Bausch Health Companies Inc., AbbVie Inc., Sun Pharmaceutical Industries Limited, Boehringer Ingelheim International GmbH, Janssen Biotech Inc., Ortho Dermatologics, Amgen Inc., Celgene Corporation, Bristol-Myers Squibb Company, Pfizer Inc., Merck & Co. Inc., Takeda Pharmaceutical Company Limited, Biogen Inc., Vertex Pharmaceuticals Incorporated, Incyte Corporation, Seattle Genetics Inc., Genentech Inc., Karyopharm Therapeutics Inc., Kyowa Kirin Co Ltd., Astellas Pharma Inc., Ipsen Biopharmaceuticals Inc.
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Top Trend - Rising Opportunity For Interleukin Inhibitor Biosimilars In The Post-Patent
The patent expiration of biologic drugs creates opportunities for biosimilar drugs, which are a less expensive alternative. Major companies in the interleukin sector are focusing on developing biosimilars for interleukin inhibitors. For instance, biosimilars for IL inhibitors such as canakinumab (Ilaris), ustekinumab (Stelara), tocilizumab (Actemra), and secukinumab (Cosentyx), among others, are in development by Mabpharm, NeuClone Pharmaceuticals Ltd., Gedeon Richter, and Bio-Thera Solutions, respectively. Despite the clinical benefits associated with the use of biologics in psoriasis and other autoimmune diseases, many patients are not treated with biological therapy, and access to treatment may be limited for several reasons, including higher treatment costs. This factor, coupled with rapid advances in biotechnology and analytical sciences that ensure comparability of biosimilars to biological drugs, drives the trend for biosimilars.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Interleukin Inhibitors Market Characteristics
3. Interleukin Inhibitors Market Trends And Strategies
4. Interleukin Inhibitors Market - Macro Economic Scenario
5. Interleukin Inhibitors Market Size And Growth
…..
27. Interleukin Inhibitors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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