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The global immunomodulators market size was USD 161.57 billion in 2019. The global impact of COVID-19 has been unprecedented and staggering, with Immunomodulators witnessing a positive demand shock across all regions amid the pandemic. Based on our analysis, the global market will exhibit a moderate growth of 15.2% in 2020. The market is projected to grow from USD 186.12 billion in 2020 to USD 285.01 billion in 2027 at a CAGR of 6.3% in the 2020-2027 period. The sudden rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.
Immunomodulators are medications that stimulate the function of the immune system by regulating the immune response. Immunostimulants, such as vaccines, antibodies, and interferons, enhance the body's resistance against infections. These are mostly used in transplantation to prevent organ rejection, coupled with autoimmune diseases such as rheumatoid arthritis and multiple sclerosis.
Robust research and development against several diseases, such as multiple sclerosis, rheumatoid arthritis, Crohn’s disease, and others, has resulted in the launch of novel drugs. For example, in August 2019, Squarex announced its results of positive Phase II clinical study SQX770, a topical immunomodulator squaric acid dibutyl ester (SADBE), which is used for treating patients with recurrent herpes labialis. This drug molecule is the first and only drug approved by the U. S. FDA for the treatment of recurrent herpes labialis after promising the completion of Phase III trials. Therefore, it is anticipated that the global market is likely to showcase tremendous growth during the forecasted timeframe.
COVID-19 Pandemic to Affect Sales Positively Owing to Improvements in Supply Chain
The COVID-19 pandemic has had a positive impact on the global immunomodulators market, owing to a surge in the sales of products with respect to the emergency. Various pharmaceutical companies amid the pandemic have significantly focused on maintaining the balance between supply and demand, thus keeping their sales intact. These companies have significantly improved their supply chain management, enhanced the capabilities of their R&D, and invested more in their manufacturing management and quality control.
For instance, according to the quarterly reports of 2020 of Roche, its global supply chain of medicines and tests remain intact, and pharmaceutical division sales increased by 7% compared to the previous year. This growth was led by the oncology segment. Furthermore, in December 2020, Himalaya Drug Company announced its result of a clinical study that stated that herbal immunomodulators are effective as an adjuvant treatment for COVID-19 patients.
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Robust R&D by Companies to Increase Market Potential
Cancer is one of the foremost causes of death globally and current research aims at the discovery of novel approaches to efficiently treat this disease. Lately, a considerable number of clinical trials have proven the success of immunomodulatory therapies for the treatment of cancer. Immune cells play a crucial role in tumor progression, and therefore companies are focusing on R&D of immunotherapy and targeted drug therapy to achieve a faster prognosis.
For example, in 2019, TG Therapeutics, Inc. presented the results from the Phase 2 clinical trials on ublituximab (TG-1101), an anti-CD20 monoclonal antibody being developed for MS treatment. Therefore, with the help of strategic collaborations among industry players, immunomodulators R&D has reached new heights, consequently contributing to the increasing market potential.
Increasing Prevalence of Autoimmune Diseases to Propel Product Demand
Globally, the rising incidence of multiple sclerosis has been marked as the second leading cause of death after cardiovascular disorders. Factors such as the surging number of ongoing clinical trials for the development of immunotherapeutic agents, such as ponesimod, ozanimod, and laquinimod, in the treatment of multiple sclerosis, are expected to propel the demand for immunomodulators products.
Moreover, the high unmet clinical needs concerning the treatment for autoimmune disorders, such as rheumatoid arthritis, are likely to propel the market growth. In addition, immunotherapies are expected to gain acceptance in the upcoming years as these portray a lower risk of adverse effects when compared to other existing drugs. Thus, a higher prevalence, coupled with the surging demand for effective drugs, is anticipated to drive the market growth during the forecast period.
Strong Drug Pipeline to Aid in Providing More Growth Opportunities
Research and development with an aim to provide advanced patient care is accelerating year by year. Innovative experiments are leading to combination therapy with new or existing drug molecules. It has led to a rise in the pipeline candidates for several disease treatment options, including rheumatoid arthritis, multiple sclerosis, Crohn's disease, and others. For instance, Plegridy & Daclizumab by Biogen, Ocrelizumab by Roche, and Receptors' RPC-1063 & Nerventra by Teva Pharmaceuticals are anticipated to be made commercially available during the projected timeline. These immunomodulators are expected to capture a substantial market share in the upcoming years.
Adverse Effects of Drugs and Stringent Regulations to Restrict Market Growth
There is a greater risk of infection, comprising both primary infection and recurrence of latent infections. Such infections may include hepatitis B and hepatitis C viruses, fungal infections, tuberculosis (TB), and HIV. There is also a high risk of progressive multifocal leukoencephalopathy (PML). Accordingly, before the initiation of immunomodulatory treatment, patients must be screened for these threats or historical exposure to viruses associated with these diseases.
Furthermore, treating autoimmune diseases with a high dose of these drugs often leads to the destruction of tumor cells but also damages the normal cells of the body to a greater extent. This results in various side-effects such as gastrointestinal disorders, hair loss, fatigue, skin disorders, and others in many patients. Therefore, these adverse effects pertaining to autoimmune drugs are set to negatively influence the growth of the global immunomodulators market. Additionally, strict regulations with respect to clinical studies by regulatory bodies are also expected to cause hindrance in market growth.
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Increased Sales of Products to Drive the Immunosuppressants Segment
Based on the product type, the market segment includes immunosuppressants and immunostimulants.
The immunosuppressants segment is further classified into antimetabolites, calcineurin inhibitors, glucocorticoids, and others. Besides, the Immunostimulants segment is categorized into vaccines, antibodies, and others.
The immunosuppressants segment accounted for the majority of the market share in 2019. Factors such as the existence of wide-ranging products in this segment with the capability to treat several autoimmune diseases are expected to propel its growth. In addition, these drugs suppress the strength of the body's immune system. They are used for autoimmune disorders such as multiple sclerosis (MS), alopecia areata, rheumatoid arthritis, and lupus to reduce the undesirable immune response of the body.
On the other hand, the immunostimulants segment is expected to grow as the fastest-growing segment during the forecast period owing to the rising incidence of several autoimmune diseases.
Rising Prevalence of Cancer to Bolster Growth of the Oncology Segment
In terms of application, the market is segmented into oncology, respiratory, HIV, and others. The other segment, which includes rheumatoid arthritis, multiple sclerosis, Crohn’s disease, and others, holds the lion’s share in the global market owing to the wide adoption of these products for their treatment. This, coupled with new drug development activities in response to unmet needs and expected product launches for several indications, are anticipated to show future growth opportunities.
Besides, the rising awareness regarding cancer among the population is anticipated to favor the oncology segment in the upcoming years. Globally, the cancer incidence rate has increased to make it the second leading cause of death after cardiovascular disorders. Thus, the growing prevalence of cancer is expected to boost the global market during the projected time frame.
North America Immunomodulators Market Size, 2019 (USD Billion)
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The market size in North America stood at USD 61.91 billion in 2019. The dominance of this region is attributable to the rising incidence of diseases among the U.S population. Also, another major factor contributing to the growth of the region is the presence of major players, coupled with the launch of new products. Europe holds the second position in the market owing to its investments in R&D for the development of effective drugs. This, coupled with the higher sales of immunosuppressant products, is expected to drive growth during the forecast period.
Moreover, Asia Pacific is anticipated to exhibit the highest CAGR owing to the growing number of clinical studies pertaining to immunomodulators and the increasing geriatric population in the region. On the other hand, Latin America and the Middle East & Africa are likely to show comparatively slower growth owing to the lower adoption of expensive drugs coupled with the lack of product approvals in the majority of underdeveloped countries.
Key Players Focus on Research and Development Activities to Intensify Competition
F. Hoffmann-La Roche Ltd., Abbott Laboratories, Bristol-Myers Squibb Company, Amgen Inc., and Novartis AG ruled the global market in 2019 and will continue to dominate in the upcoming years. Their dominance is driven by robust product portfolios, key strategic business acquisitions, and strong product pipelines. These companies have a wider geographic presence and are actively involved in research and development, thereby resulting in robust regulatory approvals. For Instance, in October 2019, Amgen announced the launch of AMGEVITATM, an adalimumab biosimilar approved by the EC, across Europe.
An Infographic Representation of Immunomodulators Market
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The global market research report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading applications of the product. Besides this, it offers insights into market developments and highlights key industry trends. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the advanced market in recent years.
Value (USD Billion)
Product Type; Application; and Region
By Product Type
Fortune Business Insights says that the global market size was USD 161.57 billion in 2019 and is projected to reach USD 285.01 billion by 2027.
In 2019, the North American market stood at USD 61.91 billion.
Registering a CAGR of 6.3%, the market will exhibit strong growth in the forecast period (2020-2027).
The immunosuppressant segment is expected to lead this market during the forecast period.
The increasing prevalence of autoimmune disorders globally and the introduction of advanced products by market players are key factors driving the market's growth.
F. Hoffmann-La Roche Ltd, Amgen Inc., Abbott Laboratories, and Bristol-Myers Squibb Company are major players in this industry.
North America dominated the market in terms of share in 2019.
The increased burden of autoimmune diseases and the high demand for effective products in emerging nations are expected to drive their adoption in the global market.
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