Immunomodulators Global Market Likely to Exhibit Substantial Growth at a CAGR of ~5% by 2028 | DelveInsight

New York, USA, June 19, 2023 (GLOBE NEWSWIRE) — Immunomodulators Global Market  Likely to Exhibit Substantial Growth at a CAGR of ~5% by 2028 | DelveInsight

The immunomodulators market is expected to propel due to the factors such as the growing prevalence of chronic diseases such as asthma, allergy disorders, cancer, multiple sclerosis, and others. Furthermore, there are an increasing number of ongoing clinical trials for the development of immunotherapeutic agents in the treatment of multiple sclerosis, advancements in drug delivery technologies, rising adoption of an early immunomodulator therapy for the treatment of Crohn’s disease, and others will also boost the immunomodulators market.

DelveInsight’s Immunomodulators Market Insights report provides the current and forecast market analysis, individual leading immunomodulators companies’ market shares, challenges, immunomodulators market drivers, barriers, trends, and key market immunomodulators companies in the market.

Key Takeaways from the Immunomodulators Market Report

• As per DelveInsight estimates, North America is anticipated to dominate the global immunomodulators market during the forecast period. 
• Notable immunomodulators companies such as Pfizer Inc., Petrovax, Acrotech Biopharma, Inc., Astellas Pharma Inc., Horizon Therapeutics plc, Sun Pharmaceutical Industries Ltd., Merck & Co., Inc., Biocon, Bristol-Myers Squibb Company, Teva Pharmaceuticals, Zydus Pharmaceuticals, Inc., F. Hoffmann-La Roche Ltd, Amgen Inc., Johnson & Johnson Services, Inc., Lilly, and several others, are currently operating in the immunomodulators market.
• In April 2023, the UK’s Medicines and Healthcare Products Regulatory Agency (MHRA) granted ADvantage Therapeutics’ immunotherapy AD04 an Innovation Passport for the treatment of Alzheimer’s disease. The designation, under the regulator’s Innovative Licensing and Access Pathway (ILAP), will fast-track a potential route to market for AD04 by providing collaborative opportunities with UK institutes like the National Institute for Health and Care Excellence (Nice).
• In November 2022, Provention Bio, Inc., received Biologics License Application (BLA) approval from FDA for TZIELD (teplizumab-mzwv), an anti-CD3-directed antibody, for intravenous use, as the first and only immunomodulatory treatment to delay the onset of Stage 3 T1D in adult and pediatric patients aged 8 years and older with stage 2 T1D.

To read more about the latest highlights related to the immunomodulators market, get a snapshot of the key highlights entailed in the Global Immunomodulators Market Report

Immunomodulators Overview

Immunomodulators are drugs that affect the immune response by lowering the immune system’s responsiveness to produce antibodies or sensitized cells. These cells recognize and react to the antigen that triggered their creation. Corticosteroids, thymosin, cytotoxic drugs, and immunoglobulins are examples of immunomodulators. Few immunomodulators are found naturally in the body, whereas others are obtained through pharmaceutical preparations.

Immunomodulators Market Insights

North America is expected to account for the highest proportion of the immunomodulators market in 2023, out of all regions. The presence of key players in the region, as well as factors such as an aging population susceptible to autoimmune disorders, a growing population base suffering from chronic diseases such as asthma, allergic conditions, cancer, multiple sclerosis, and others, are expected to aid in the growth of the North America immunomodulators market. Furthermore, high disposable income, advanced healthcare infrastructure, and others all are contributing to this region’s immunomodulators market growth.

In addition to the reasons described above, strategic activities such as new launches and approvals, mergers, acquisitions, collaborations, and others contribute to promoting regional product demand. For example, in November 2022, Provention Bio, Inc. received FDA Biologics Licence Application (BLA) approval for TZIELD (teplizumab-mzwv), an anti-CD3-directed antibody for intravenous use, as the first and only immunomodulatory treatment to delay the onset of Stage 3 T1D in adult and pediatric patients aged 8 years and older with stage 2 T1D.

To know more about why North America is leading the market growth in the immunomodulators market, get a snapshot of the Immunomodulators Market Outlook 

Immunomodulators Market Dynamics

The immunomodulators market is experiencing increased product demand due to a variety of factors, one of which is the growing prevalence of chronic diseases worldwide. According to the most recent American Cancer Society report, the worldwide burden of cancer is anticipated to rise to 27.5 million new cancer cases and 16.3 million cancer deaths by 2040 due to population increase and aging. The future cost is likely to be significantly greater due to the increasing frequency of risk factors in economically transitional countries, such as smoking, bad food, physical inactivity, and fewer childbirths.

Moreover, the rising prevalence of multiple sclerosis will also drive up the demand for immunomodulators. Furthermore, the presence of substantial unmet clinical needs in the treatment of immunological disorders such as rheumatoid arthritis is also driving the emergence of this vertical. These immunotherapies are expected to become increasingly popular in the coming years due to their lower risk of side effects when compared to other existing drugs. Because of the limited options, which are limited to TNF inhibitors, there is a growing desire for alternative treatments for rheumatoid arthritis, which is expected to generate appealing growth opportunities for the immunomodulators market.

Furthermore, increased strategic initiatives would have a favorable impact on the immunomodulators growth. For example, Themis Medicare Ltd., a pharmaceutical company based in Mumbai, said in March 2022 that the medicine Controller General of India (DCGI) has approved their antiviral medicine VIRALEX®. VIRALEX® is an immunomodulatory agent with wide antiviral activity.

However, drug-related adverse effects, a demanding regulatory environment, and other factors may limit the growth of the immunomodulators market.

Get a sneak peek at the immunomodulators market dynamics @ Immunomodulators Market Dynamics Analysis

Immunomodulators Market Assessment

• Immunomodulators Market Segmentation
  • Immunomodulators Market Segmentation By  Type: Immunosuppressants and Immunostimulants
  • Immunomodulators Market Segmentation By  Indication: Cancer, Respiratory, HIV, And Others
  • Immunomodulators Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of World
• Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View

Which MedTech key players in the immunomodulators market are set to emerge as the trendsetter explore @ Immunomodulators Companies 

Table of Contents 

Interested in knowing the immunomodulators market by 2028? Click to get a snapshot of the Immunomodulators Market Trends

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