Press release
Demand for Primary Immunodeficiency Disease Therapies to Increase as Governments Spend More on Awareness Campaigns
With only a handful of companies enjoying the major share of the revenue pie, the global primary immunodeficiency diseases (PIDD) market exhibits a consolidated vendor landscape. As per Transparency Market Research (TMR), CSL Behring LLC and Grifols S.A. emerged dominant in the market with a share of 60.5% in 2014. Baxter International, Inc. and Octapharma AG are other prominent enterprises operating in the global PIDD market.These companies have been primarily capitalizing on the increasing incidence of immunodeficiency diseases. The rising research and development investments by these companies help them in maintaining competitiveness in the global market. Besides these, favorable government policies and increased funding on pharmaceutical and biopharmaceutical research augur well for the key market players.
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The most prominent companies in the PIDD market are focusing on developing novel therapies that provide effective cure for primary immunodeficiency diseases. Such increasing research and development activities and the correspondingly rising approvals of these drugs are primary factors boosting sales from the PIDD market. “Government approvals fuel demand for drugs and treatment modalities for primary immunodeficiency diseases, thus boosting the market’s growth,” said a lead TMR analyst.
“The gradually increasing incidence of primary immunodeficiency diseases is also expected to boost demand for PIDD drugs,” he added. With several government and private organizations actively engaging in creating awareness about PIDD by organizing various disease awareness programs, demand for PIDD therapies is likely to surge in both developed and developing regions. As per TMR the aforementioned factors will lead to a higher uptake of PIDD therapies globally.
Despite the rising prevalence of primary immunodeficiency diseases, governments across several nations are yet to draft adequate reimbursement policies. Furthermore, in the absence of adequate provisions for the diagnosis of the ailment in newborns, a large number of cases go undetected in emerging countries. In developed countries however the inadequate reimbursement policies discourage the diagnosis of primary immunodeficiency diseases. These factors will restrict the proliferation of PIDD therapies worldwide.
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