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Immune-Mediated Inflammatory Diseases Market Key Players Analysis- Novartis AG (Switzerland), Daiichi Sankyo Company, Limited (Japan), Pfizer Inc. (U.S.)
Immune-Mediated Inflammatory Diseases Market
According to the latest research by InsightAce Analytic, the Immune-Mediated Inflammatory Diseases Market is predicted to grow with a CAGR of 7.10% during the forecast period of 2024-2031.
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Immune-mediated inflammatory diseases (IMIDs) encompass a group of related conditions characterized by a shared inflammatory mechanism that induces inflammation, although their etiology remains unclear. These disorders are a result of an overactive or dysfunctional immune system. All IMIDs are associated with increased rates of morbidity and mortality, along with a heightened risk of organ damage. The global prevalence of autoimmune diseases has been steadily increasing, with many of these conditions linked to factors such as poor lifestyle choices, unhealthy dietary habits, and genetic predispositions. As the incidence of these disorders rises, the global market for immune-mediated inflammatory diseases continues to expand. The growing frequency of autoimmune diseases worldwide further accelerates the demand for treatments and solutions within this market.
List of Prominent Players in the Immune-Mediated Inflammatory Diseases Market:
• Novartis AG
• Daiichi Sankyo Company, Limited
• Pfizer Inc.
• Abbvie Inc.
• Merck & Co Inc.
• Zydus Group
• Sun Pharmaceutical Industries Ltd.
• Teva Pharmaceuticals Industries Ltd.
• Amgen Inc.
• Boehringer Ingelheim International GmbH.
• AstraZeneca
• Ampio Pharmaceuticals Inc.
• Eli Lilly
• Akorn Incorporated
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Market Dynamics:
Drivers:
The global market for immune-mediated inflammatory diseases (IMIDs) is poised for growth due to the rising prevalence of conditions such as psoriasis, Crohn's disease, and rheumatoid arthritis. The expansion of this market is also fueled by the increasing adoption of innovative and targeted biologic therapies for treating these disorders. Furthermore, the market is set to benefit from the growing availability of treatment options through an expanding network of clinics, pharmacies, and online platforms offering solutions for immune-mediated inflammatory diseases.
Challenges:
The market's growth could be hindered by a shortage of skilled healthcare professionals capable of administering advanced treatments. Additionally, the adverse side effects of certain therapies, including skin rashes and complications from immunosuppressive drugs, present a challenge to market expansion. The COVID-19 pandemic further exacerbated these issues, as many countries temporarily halted non-emergency surgeries and reallocated medical resources to combat the pandemic, leading to a significant downturn in the market during that period.
Regional Trends:
The North American market for immune-mediated inflammatory diseases is expected to hold a substantial share in terms of revenue. Factors contributing to this growth include the increasing incidence of autoimmune disorders, the rising demand for targeted biologic therapies, and an enhanced focus on innovative treatments. The approval of new therapies and a growing need for immunosuppressants in the region are also expected to drive market growth. In addition, the Asia-Pacific region is experiencing notable market growth, supported by increasing awareness of treatment options, the growing prevalence of autoimmune diseases, and advancements in medical technologies aimed at treating immune-mediated inflammatory conditions.
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Recent Developments:
• In July 2024, AbbVie announced that the European Commission has sanctioned SKYRIZI® (risankizumab) for the treatment of elderly individuals with moderately to severely active ulcerative colitis (UC) who have experienced an inadequate response to, lost response to, or exhibited intolerance to conventional or biologic therapies.
Segmentation of Immune-Mediated Inflammatory Diseases Market-
By Indication-
• Asthma,
• Chronic Obstructive Pulmonary Diseases (COPD)
• Inflammatory Bowel Disease (IBD)
• Systemic Lupus Erythematosus (SLE)
• Rheumatoid Arthritis (RA)
• Psoriasis
• Others
By Treatment Type-
• Traditional Drugs
• Biologic Therapies
• Novel Therapies
By Route of Administration-
• Oral
• Parenteral
• Others
By End-Users-
• Hospitals
• Specialty Clinics
• Others
By Distribution Channel-
• Hospital Pharmacy
• Retail Pharmacy
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/immune-mediated-inflammatory-diseases-market/2889
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
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info@insightaceanalytic.com
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