Immunology Market To Grow By 8.5% Y-O-Y From 2022 to 2029 | Industry Size, Share, Growth
Posted on Feb 3 2023 7:25 AM
"Immunology Market Size, Share & COVID-19 Impact Analysis, By Drug Class (Monoclonal Antibody (mAb), Fusion Proteins, Immunosuppressants, and Others), By Disease Indication (Rheumatoid Arthritis, Psoriatic Arthritis, Plaque Psoriasis, Ankylosing Spondylitis, Inflammatory Bowel Disease, Prophylaxis of Organ Rejection, and Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and Regional Forecast, 2022-2029 "
The global Immunology Market size was valued at USD 97.93 billion in 2021. The market is projected to grow from USD 104.12 billion in 2022 to USD 184.21 billion by 2029, exhibiting a CAGR of 8.5% during the forecast period.
The monoclonal antibody (mAb) segment held the dominating share in 2021. North America generated a revenue of USD 54.04 billion in 2021 and is expected to remain dominant from 2022 to 2029. Fortune Business Insights™ has published this information in the latest research titled, “Immunology Market Forecast, 2022-2029.”
- AbbVie, Inc. (U.S.)
- Janssen Global Services, LLC (U.S.)
- Eli Lilly and Company (U.S.)
- Novartis AG (Switzerland)
- Pfizer Inc. (U.S.)
- Bristol-Myers Squibb Company (U.S.)
- Merck Sharp & Dohme Corp. (U.S.)
- F. Hoffmann-La Roche Ltd. (Switzerland)
- Amgen Inc. (U.S.)
- Astellas Pharma Inc. (Japan)
- UCB SA (Belgium)
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Market growth Drivers:
Increased Adoption of Biosimilars to Support Growth
In February 2021, Sandoz Canada launched the adalimumab (HUMIRA) biosimilar Hyrimoz in Canada. The company reports that the drug has received approval and offers high efficacy in treating autoimmune diseases such as rheumatoid arthritis, psoriatic arthritis, Crohn's disease and uveitis, among others in adults. The increasing number of successful clinical trials has increased the demand for biopharmaceuticals, and several companies are working to create biosimilars, affordable and effective mimics of biopharmaceuticals. We are investing in research and development. Therefore, increasing demand for such products is expected to boost the growth of the global immunology market during the forecast period.
Report Opportunities :
Market research report opportunities include identifying and analyzing market trends, understanding consumer behavior, and evaluating the competitive landscape to gain insights into the industry and inform business decisions. Other opportunities include identifying potential new markets and products, assessing the feasibility of new business ventures, and monitoring the effectiveness of marketing and sales campaigns. Additionally, Immunology Market research reports can be used to identify risks and opportunities for a company and to inform strategic planning and decision-making.
Immunology Market Regional Analysis :
Regional analysis in healthcare market research reports provides a detailed understanding of the healthcare market in different geographic regions.
This can include information on the size, growth rate, and key trends of the healthcare market in a specific region, as well as information on the regulatory environment, distribution channels, and major players in the market.
Regional analysis can include information on the healthcare market in different countries or regions, such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The analysis can also include information on the sub-regions of the region, such as the United States, Canada, and Mexico in the case of North America.
This information can be used to identify potential opportunities for growth, to tailor marketing strategies, and to evaluate the competitive landscape.
Additionally, it can also be used to identify the areas of the market that are growing rapidly and those that are relatively stagnant, which can be used to identify future trends and opportunities for the healthcare industry.
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Potentials held by the report
- Detailed Market Overview
- Market Key Developments and Product Launches
- Key Parameters Driving the Market
- Key Players and Product Offering Strategies
- In-Depth Market Segmentation
Opportunities in the market
Describe and forecast the market, in terms of value, for various segments, by region North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
The key findings and recommendations highlight crucial progressive industry trends in the Immunology Market, thereby allowing players to develop effective long-term strategies
Strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
Extensive analysis of the key segments of the industry helps in understanding the trends in types of point-of-care tests across Europe.
A comprehensive overview of the Immunology Market.
Global Immunology Market Objectives:
Detailed information regarding key factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the Immunology Market
Analyze and forecast the size of the Immunology Market, in terms of value and volume
Analyze opportunities in the Immunology Market for stakeholders and provide a competitive landscape of the market
Define, segment, and estimate the Immunology Market based on deposit type and end-use industry
Strategically profile key players and comprehensively analyze their market shares and core competencies
Strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market
Forecast the size of market segments, in terms of value, with respect to main regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America
Track and analyze competitive developments, such as new product developments, acquisitions, expansions, partnerships, and collaborations in the Immunology Market
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Points to focus on in the report
- The report provides market share estimates at regional and global levels.
- Gain a detailed overview of the parent market.
- Information about key drivers, restraints, opportunities and their impact analysis on the market size has been provided.
- The study provides an in-depth analysis of the Immunology Market and current & future trends to elucidate imminent investment pockets.
- Analyze and forecast Immunology Market on the basis of type, function, and application.
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