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Lupus Therapeutics Global Market Analysis, Trends, Growth, Research And Forecast 2033
Lupus Therapeutics Global Market Analysis
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According to The Business Research Company's, The lupus therapeutics market size has grown strongly in recent years. It will grow from $2.53 billion in 2023 to $2.74 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to the increased prevalence of lupus, increased investment in healthcare infrastructure, high disposable income, high demand for effective therapies, and rising geriatric population.
The lupus therapeutics market size is expected to see strong growth in the next few years. It will grow to $3.83 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to rising drug approvals and launches, emerging markets, improvements in disease awareness and diagnosis, rising awareness initiatives, and immunosuppressive products. Major trends in the forecast period include chimeric antigen receptor T-cell (CAR-T) therapy, small molecule therapeutics for lupus, CAR-NK therapy for lupus, combined inhibition of human plasmacytoid dendritic cell activity during systemic lupus, erythematosus (SLE), urine proteomics.
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Market Drivers and Trends:
The increasing research and development activities are expected to propel the growth of the lupus therapeutics market going forward. Research and development activities refer to systematic investigation and experimentation aimed at advancing knowledge, technology, or product development in various fields. The increasing research and development activities is often driven by the need for innovation, advancements in technology, addressing emerging challenges, improving healthcare outcomes, and fostering economic growth through scientific discoveries and technological breakthroughs. Research and development activities help advance lupus therapeutics by discovering new treatments, improving existing therapies, and understanding the underlying mechanisms of the disease. For instance, in March 2023, according to a report published by the Congressional Research Service, a US-based federal legislative branch agency, the national institutes of health received $49.183 billion in 2023 for research and development activities, marking an increase from $42.941 billion allocated in 2021. Therefore, the increasing research and development activities are driving the growth of the lupus therapeutics market.
Major companies operating in the lupus therapeutics market are focused on developing advanced blood tests with predictive artificial intelligence to enhance diagnostic accuracy and treatment efficacy. Blood tests with predictive artificial intelligence refer to diagnostic tools that use AI algorithms to analyze biomarkers in blood samples, predicting disease outcomes or treatment responses with greater accuracy. For instance, in March 2024, AMPEL BioSolutions LLC, a US-based precision medicine company, launched the LuGENE blood test, which predicts lupus flares and drug targets from gene expression utilizing predictive artificial intelligence (AI). The test is designed to revolutionize the management of lupus, an autoimmune disease, by providing personalized treatment options for patients. It identifies real-time abnormalities in gene expression that lead to inflammation and immune system dysfunction, which are targetable by medication.
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Major Key Players of the Market:
Pfizer Inc., Johnson & Johnson, Merck & Co. Inc., AbbVie Inc., Sanofi SA, AstraZeneca PLC, Novartis AG, Roche Holdings Inc., GlaxoSmithKline plc, Eli Lilly and Company, Viatris Inc., Teva Pharmaceutical Industries Ltd., Bausch Health Companies Inc., Sun Pharmaceutical Industries Ltd., Aurobindo Pharma, Dr. Reddy's Laboratories Ltd., Hikma Pharmaceuticals PLC, Amneal Pharmaceuticals LLC, Lupin Ltd, Zydus Lifesciences Limited, Glenmark Pharmaceuticals Limited
Lupus Therapeutics Market 2024 Key Insights:
• The lupus therapeutics market size is expected to see strong growth in the next few years. It will grow to $3.83 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.
• Rising Research And Development Activities Fuels Lupus Therapeutics Market
• Advancements In Lupus Diagnostics With Predictive Artificial Intelligence Market
• North America was the largest region in the lupus therapeutics market in 2023
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