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Global Autoimmune Disease Treatment Market Analysis and what makes it a Booming industry according to following research report: 2018-2024
Autoimmune Disease Treatment Market- Industry Trends and Forecast to 2024
The Autoimmune Disease Treatment Market accounted to USD 55.2 billion in 2016 growing at a CAGR of 7.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Market Drivers & Restraints:
• Increase in awareness about healthcare leads to drive the market.
• Increasing investments in R&D in pharmaceutical and life sciences sectors.
• Availability of various alternatives for treatment.
• Dominance of biologics in the pharma market.
• Lack of standardized treatment for diseases hampers the market.
• The lack of understanding regarding the basic etiology of various autoimmune diseases
• Absence of skilled technicians.
• Wider availability of bio similar drugs and low cost treatment are the opportunities for competitors.
• Launch of novel biomarkers are the opportunities in the upcoming future.
TOP Competitors of Market:
• Abbott Laboratories,
• Amgen Inc.,
• Johnson & Johnson,
• Eli Lilly & Co.,
• Pfizer,
• F. Hoffmann-La Roche Ltd.
• AstrazenecaPlc,
• Bristol-Myers Squibb Co.,
• Genentech Inc., Merck & Co. Inc.,
• Bayer Schering Pharma AG,
• Biogen Idec Inc.,
• GlaxoSmithKline Plc,
• Elan Corporation Plc,
• Chugai Pharmaceutical Co. Ltd.,
• Beckman Coulter,
• Thermo Fisher Scientific,
• Siemens Healthcare,
• AutoImmune Inc. and Lupin Limited
• among others.
Market Definition:-
Autoimmune diseases develops when body’s immune system recognizes the healthy body cells as foreign cells. The disease is the hyperactive immune response against the substances and tissues normally present in the body and these are generally caused by genetic, infectious or environmental factors. It may leads to abnormal organ growth and changes in the functions of the organs.
Market Segmentation:
By Disease :– Crohn’s disease, Rheumatoid Arthritis, Inflammatory Bowel disease, Multiple Sclerosis, systemic lupus erythematosus, Psoriasis and Ankylosing spondylitis.
By Mechanism of Action:- TNF inhibitors, IL blockers, COX inhibitors and Phosphodiesterase type 4 inhibitors.
By Diagnostic:- Autoantibody tests, antinuclear antibody tests, urinalysis, comprehensive metabolic panel, and erythrocyte sedimentation rate .
By Treatment:- Drugs and Therapies. Treatment for autoimmune diseases depends on types of disease. Drugs are classified in Immunosuppressant’s, Anti-Inflammatory Drugs, Corticosteroids, Nonsteroidal anti-inflammatory drugs, Biologics, glucocorticoids, methotrexate, anthralin, avonex and hydroxychloroquine and Physical Therapy are further classified in bridge therapy, topical therapy, phototherapy, and recombinant technology.
By End Users:- Sectors such as Hospitals, Clinics, Drug Stores and Independent pharmacies.
On the basis of geography:- North America, Europe, Asia-Pacific, Europe, Latin America, Middle East and Africa.
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